Notice2022-27919
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
December 23, 2022
Issuing agencies
Federal Reserve System
Abstract
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, with revision, the Payment Systems Surveys (FR 3054; OMB No. 7100-0332).
Full Text
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<title>Federal Register, Volume 87 Issue 246 (Friday, December 23, 2022)</title>
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[Federal Register Volume 87, Number 246 (Friday, December 23, 2022)]
[Notices]
[Pages 78964-78965]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-27919]
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Announcement of Board
Approval Under Delegated Authority and Submission to OMB
AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
is adopting a proposal to extend for three years, with revision, the
Payment Systems Surveys (FR 3054; OMB No. 7100-0332).
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance
Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of
Governors of the Federal Reserve System, <a href="/cdn-cgi/l/email-protection#9ef0ebf6ffb0fbf2f3fff9f6ecfffcf7def8ecfcb0f9f1e8"><span class="__cf_email__" data-cfemail="a4cad1ccc58ac1c8c9c5c3ccd6c5c6cde4c2d6c68ac3cbd2">[email protected]</span></a>, (202)
452-3884.
Office of Management and Budget (OMB) Desk Officer for the Federal
Reserve Board, Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Room 10235, 725
17th Street NW, Washington, DC 20503, or by fax to (202) 395-6974.
SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board
authority under the Paperwork Reduction Act (PRA) to approve and assign
OMB control numbers to collections of information conducted or
sponsored by the Board. Board-approved collections of information are
incorporated into the official OMB inventory of currently approved
collections of information. The OMB inventory, as well as copies of the
PRA Submission, supporting statements (which contain more detailed
information about the information collections and burden estimates than
this notice), and approved collection of information instrument(s) are
available at <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>. These documents
are also available on the Federal Reserve Board's public website at
<a href="https://www.federalreserve.gov/apps/reportingforms/home/review">https://www.federalreserve.gov/apps/reportingforms/home/review</a> or may
be requested from the agency clearance officer, whose name appears
above.
Final Approval Under OMB Delegated Authority of the Extension for Three
Years, With Revision, of the Following Information Collection
Collection title: Payment Systems Surveys.
Collection identifier: FR 3054.
OMB control number: 7100-0332.
Effective date: January 23, 2023.
General description of collection: The Payment Systems Surveys are
used to obtain information specifically tailored to the Federal
Reserve's operational and fiscal agency responsibilities. The Payment
Systems Surveys family of surveys is currently comprised of the
following: Ad Hoc Payment Systems Surveys (FR 3054a), Currency Quality
Sampling Survey (FR 3054b), Currency Quality Survey (FR 3054c),
Currency Functionality and Perception Survey (FR 3054d), and Currency
Education Usability Survey (FR 3045e). These surveys help the Board
obtain information about currency demand, quality, functionality,
perception, usage patterns and other useful information about
banknotes.
Frequency: FR 3054a, five times per year; FR 3054b, annually; FR
3054c, semi-annually; FR 3054d, five times per year; and FR 3054e, ten
times per year.
Respondents: The FR 3054 panel comprises financial institutions
(including depository institutions), law enforcement, nonfinancial
businesses (retailers, banknote equipment manufacturers, or global
wholesale bank note dealers), and individuals within the general
public.
Total estimated number of respondents: FR 3054a, 4,000; FR 3054b,
500; FR 3054c, 25; FR 3054d, 250; and FR 3054e, 250.
Estimated average hours per response: FR 3054a, 0.75; FR 3054b,
0.50; FR 3054c, 30; FR 3054d, 2.5; and FR 3054e, 0.50.
Total estimated change in burden: 725 hours.
Total estimated annual burden hours: 21,125.\1\
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\1\ More detailed information regarding this collection,
including more detailed burden estimates, can be found in the OMB
Supporting Statement posted at <a href="https://www.federalreserve.gov/apps/reportingforms/home/review">https://www.federalreserve.gov/apps/reportingforms/home/review</a>. On the page displayed at the link, you
can find the OMB Supporting Statement by referencing the collection
identifier, FR 3054.
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[[Page 78965]]
Current actions: On September 13, 2022, the Board published a
notice in the Federal Register (87 FR 56053) requesting public comment
for 60 days on the extension, with revision, of the FR 3054. The Board
proposed to increase the estimated respondents for the FR 3054b from
300 to 500, increase the estimated frequency for the FR 3054d from four
times a year to five times a year, and increase the estimated frequency
from five times a year to ten times a year and decrease the estimated
number of respondents from 500 to 250 for the FR 3054e. The increase in
the frequency of surveys allows the Federal Reserve System flexibility
to respond to diverse needs for data by surveying groups of respondents
multiple times throughout a year. Increasing the number of estimated
respondents of the FR 3054b will help ensure statistical significance
of the sample pool and decreasing the estimated number of respondents
while increasing the frequency of the FR 3054e will facilitate more
survey agility. Additionally, the FR 3054c has not changed since 2018
and no changes are anticipated during the current clearance cycle. The
FR 3054c is therefore being transitioned from an ad hoc to an
established collection.
The comment period for this notice expired on November 14, 2022.
The Board did not receive any comments relevant to this information
collection.
Board of Governors of the Federal Reserve System, December 19,
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-27919 Filed 12-22-22; 8:45 am]
BILLING CODE 6210-01-P
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