FDIC National Survey of Unbanked and Underbanked Households
No material or nonsubstantive change to a currently approved collection
No
Regular
Approved with change
09/15/2025
05/21/2025
1) Need a modification to SSA before approval: In Section A.10, FDIC needs to include the following statement: "Data are being collected under a pledge of confidentiality and will be used for statistical purposes only consistent with the Confidential Information Protection and Statistical Efficiency Act of 2018"
2) Recommended terms of clearance: "All data assets resulting from this collection must be cataloged in the agency comprehensive data inventory, consistent with the Open Government Data Act of 2018, and conforming with OMB implementation guidance in M-25-05, and other related policies and guidance."
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
04/30/2028
04/30/2028
04/30/2028
40,000
0
40,000
5,833
0
6,000
0
0
0
The FDIC National Survey of Unbanked and Underbanked Households is a key component of the FDICâs efforts to comply with a Congressional mandate that the FDIC conduct biennial surveys to provide âa fair estimate of the size and worth of the unbanked market in the United Statesâ 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. householdsâ 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.
PL:
Pub.L. 109 - 173 7
Name of Law: Federal Deposit Insurance Conforming Amendments Act of 2005
PL: Pub.L. 109 - 173 7 Name of Law: Federal Deposit Insurance Conforming Amendments Act of 2005
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:
(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;
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.
Justification Memo 0215 - Non-material Revisions to Unbanked and Underbanked Househould Survey.docx
Attachment D-CPS-Tech-Paper-77.pdf
FDIC National Survey of Unbanked and Underbanked Households