FDIC National Survey of Unbanked and Underbanked Households

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
clean_omb2023-SPST B 3064-0215_Household_Survey_2023-02-16.docx	Supporting Statement B	Uploaded 2023-02-22	Repair queued
clean_omb2023-SPST A 3064-0215 Household Survey_2023-02-17.docx	Supporting Statement A	Uploaded 2023-02-22	Repair queued
omb2023-attachC2-CPSfactsheet.pdf	Supplementary Document	Uploaded 2023-02-22	Repair queued
omb2023-attachC1-CPSconfidentialitybrochure.pdf	Supplementary Document	Uploaded 2023-02-22	Repair queued
omb2023-attachB-CPSadvanceletter.pdf	Supplementary Document	Uploaded 2023-02-22	Repair queued
AttachA4_2021_FDIC_Survey_Unbanked_Underbanked_Households_Appendices.pdf	Supplementary Document	Uploaded 2023-02-22	Repair queued
AttachA3-2021_FDIC_Survey_Unbanked_Underbanked_Households_report.pdf	Supplementary Document	Uploaded 2023-02-22	Repair queued
omb2023-attachA2-FDIC2023instrument-20230217-markup.docx	Supplementary Document	Uploaded 2023-02-22	Repair queued
omb2023-attachA1-FDIC2023instrument-20230217.docx	Supplementary Document	Uploaded 2023-02-22	Repair queued
FR2-0215 Survey of Unbanked and Underbanked Households 88 FR 12679 Feb 28 2023.pdf	Supplementary Document	Uploaded 2023-02-28	Repair queued
FR1-0215 Survey of Unbanked and Underbanked Households 87 FR 68155 Nov 14 2022.pdf	Supplementary Document	Uploaded 2023-02-13	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
245894	FDIC National Survey of Unbanked and Underbanked Households	Other-Survey Script for Census Taker	Modified

ICR Details

OMB Control No: 3064-0215	ICR Reference No: 202302-3064-001
Status: Historical Active	Previous ICR Reference No: 202102-3064-006
Agency/Subagency: FDIC	Agency Tracking No:
Title: FDIC National Survey of Unbanked and Underbanked Households
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/11/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 02/28/2023
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2026	36 Months From Approved	03/31/2024
Responses	40,000	0	40,000
Time Burden (Hours)	6,000	0	6,000
Cost Burden (Dollars)	0	0	0

---

Abstract: The FDIC National Survey of Unbanked and Underbanked Households is a key component of the FDIC’s efforts to comply with a Congressional mandate that the FDIC conduct biennial surveys to provide “a fair estimate of the size and worth of the unbanked market in the United States” and to answer additional related questions. The Financial Services Household Survey is the only nationally- and state-representative survey of this type for the United States. The Household Survey is scheduled to be conducted in partnership with the U.S. Census Bureau as a supplement to its June 2023 Current Population Survey (CPS). The survey collects information on U.S. households’ use of bank accounts, prepaid cards, nonbank online payment services and nonbank financial transaction services, and bank and nonbank credit. The results of this biennial survey will be published by the FDIC, and help inform policymakers, bankers, and researchers about bank account ownership and how households use the banking system and nonbank products and services to meet their financial needs.

---

Authorizing Statute(s): PL: Pub.L. 109 - 173 7 Name of Law: Federal Deposit Insurance Conforming Amendments Act of 2005
  

Citations for New Statutory Requirements: PL: Pub.L. 109 - 173 7 Name of Law: Federal Deposit Insurance Conforming Amendments Act of 2005

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 68155	11/14/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 12679	02/28/2023
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
FDIC National Survey of Unbanked and Underbanked Households

---

ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	40,000	40,000	0	0	0	0
Annual Time Burden (Hours)	6,000	6,000	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

---

Annual Cost to Federal Government: $443,500

Does this IC contain surveys, censuses, or employ statistical methods? Yes Part B of Supporting Statement

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

---

Common Form ICR:  No

---

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 02/28/2023

---