Survey of Household Economics and Decisionmaking

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
FR 3077 Ad-Hoc 83C.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2025-10-28	Available
SHED 2025 instrument - FINAL CLEAN.pdf	Supplementary Document	Uploaded 2025-10-28	Available
FR3077_20231130_omb.pdf	Supporting Statement A	Uploaded 2023-11-30	Available
FR3077_20231130_omb_B.pdf	Supporting Statement B	Uploaded 2023-11-30	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
228810	Quantitative survey	Other-2023 Survey	Unchanged

ICR Details

OMB Control No: 7100-0374	ICR Reference No: 202510-7100-010
Status: Active	Previous ICR Reference No: 202310-7100-005
Agency/Subagency: FRS	Agency Tracking No: FR 3077
Title: Survey of Household Economics and Decisionmaking
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/28/2025
Retrieve Notice of Action (NOA)	Date Received in OIRA: 10/28/2025
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2026	11/30/2026	11/30/2026
Responses	20,500	0	20,500
Time Burden (Hours)	8,200	0	8,200
Cost Burden (Dollars)	0	0	0

---

Abstract: The SHED is an ad hoc voluntary survey covering topics such as individuals’ overall financial well-being, employment experiences, income and ability to pay bills, economic preparedness, banking and access to credit, housing and living arrangement decisions, education and human capital, student loans, and retirement planning. The overall content of the SHED depends on changing economic, regulatory, or legislative developments as well as changes in the financial services industry. The Board uses the SHED to monitor usage of emerging financial products and understand how macroeconomic conditions are affecting households.

---

Authorizing Statute(s): US Code: 12 USC 2905 Name of Law: Community Reinvestment Act
   US Code: 12 USC 3806 Name of Law: Competitive Equality Banking Act
   US Code: 12 USC 4008 Name of Law: Expedited Funds Availability Act
   US Code: 15 USC 1604 Name of Law: Truth in Lending Act
   US Code: 15 USC 1681s(b) Name of Law: Fair Credit Reporting Act
   US Code: 15 USC 1691b(f) Name of Law: Equal Credit Opportunity Act
   US Code: 15 USC 1691c Name of Law: Equal Credit Opportunity Act
   US Code: 15 USC 1693b Name of Law: Electronic Fund Transfer Act
   US Code: 15 USC 1693o-2 Name of Law: Electronic Fund Transfer Act
   US Code: 15 USC 6801(b) Name of Law: Gramm-Leach-Bliley Act
   US Code: 42 USC 4012a Name of Law: Flood Disaster Protection Act of 1973
   US Code: 12 USC 225a Name of Law: Federal Reserve Act
   US Code: 12 USC 248a Name of Law: Federal Reserve Act
  

Citations for New Statutory Requirements: None

---

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:
	88 FR 56626	08/18/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 83539	11/30/2023
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
Quantitative survey

---

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	20,500	20,500	0	0	0	0
Annual Time Burden (Hours)	8,200	8,200	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: The estimated total annual burden for the FR 3077 is 7,705 hours, and would increase to 8,200 hours with the revisions. The Board revised the FR 3077 by removing the qualitative ad hoc surveys from the clearance, added two minutes to the quantitative survey time per response, and slightly reduced the estimated number of respondents.

---

Annual Cost to Federal Government: $550,000

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.     Yes

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: 10/28/2025

---