Notice2025-14462
Proposed Agency Information Collection Activities; Comment Request
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
July 31, 2025
Issuing agencies
Federal Reserve System
Abstract
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the United States Currency Program Surveys (FR 3054; OMB No. 7100- 0332).
Full Text
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<title>Federal Register, Volume 90 Issue 145 (Thursday, July 31, 2025)</title>
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[Federal Register Volume 90, Number 145 (Thursday, July 31, 2025)]
[Notices]
[Pages 36053-36055]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-14462]
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FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
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SUMMARY: The Board of Governors of the Federal Reserve System (Board)
invites comment on a proposal to extend for three years, with revision,
the United States Currency Program Surveys (FR 3054; OMB No. 7100-
0332).
DATES: Comments must be submitted on or before September 29, 2025.
ADDRESSES: You may submit comments, identified by FR 3054, by any of
the following methods:
<bullet> Agency Website: <a href="https://www.federalreserve.gov/apps/proposals/">https://www.federalreserve.gov/apps/proposals/</a>. Follow the instructions for submitting comments, including
attachments. Preferred Method.
<bullet> Mail: Ann E. Misback, Secretary, Board of Governors of the
Federal Reserve System, 20th Street and Constitution Avenue NW,
Washington, DC 20551.
<bullet> Hand Delivery/Courier: Same as mailing address.
<bullet> Other Means: <a href="/cdn-cgi/l/email-protection#d2a2a7b0bebbb1b1bdbfbfb7bca6a192b4a0b0fcb5bda4"><span class="__cf_email__" data-cfemail="176762757b7e7474787a7a727963645771657539707861">[email protected]</span></a>. You must include the
OMB number or the FR number in the subject line of the message.
Comments received are subject to public disclosure. In general,
comments received will be made available on the Board's website at
<a href="https://www.federalreserve.gov/apps/proposals/">https://www.federalreserve.gov/apps/proposals/</a> without change and will
not be modified to remove personal or business information including
confidential, contact, or other identifying information. Comments
should not include any information such as confidential information
that would not be appropriate for public
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disclosure. Public comments may also be viewed electronically or in
person in Room M-4365A, 2001 C St. NW, Washington, DC 20551, between 9
a.m. and 5 p.m. during Federal business weekdays.
Additionally, commenters may send a copy of their comments to the
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.
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#ff918a979ed19a93929e98978d9e9d96bf998d9dd1989089"><span class="__cf_email__" data-cfemail="ee809b868fc08b82838f89869c8f8c87ae889c8cc0898198">[email protected]</span></a>, (202)
452-3884.
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. In exercising this delegated authority, the
Board is directed to take every reasonable step to solicit comment. In
determining whether to approve a collection of information, the Board
will consider all comments received from the public and other agencies.
During the comment period for this proposal, a copy of the proposed
PRA OMB submission, including the draft reporting form and
instructions, supporting statement (which contains more detail about
the information collection and burden estimates than this notice), and
other documentation, will be made available on the Board's public
website at <a href="https://www.federalreserve.gov/apps/reportingforms/review">https://www.federalreserve.gov/apps/reportingforms/review</a> or
may be requested from the agency clearance officer, whose name appears
above. On the page displayed at the link above, you can find the
supporting information by referencing the collection identifier, FR
3054. Final versions of these documents will be made available at
<a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>, if approved.
Request for Comment on Information Collection Proposal
The Board invites public comment on the following information
collection, which is being reviewed under authority delegated by the
OMB under the PRA. Comments are invited on the following:
a. Whether the proposed collection of information is necessary for
the proper performance of the Board's functions, including whether the
information has practical utility;
b. The accuracy of the Board's estimate of the burden of the
proposed information collection, including the validity of the
methodology and assumptions used;
c. Ways to enhance the quality, utility, and clarity of the
information to be collected;
d. Ways to minimize the burden of information collection on
respondents, including through the use of automated collection
techniques or other forms of information technology; and
e. Estimates of capital or startup costs and costs of operation,
maintenance, and purchase of services to provide information.
At the end of the comment period, the comments and recommendations
received will be analyzed to determine the extent to which the Board
should modify the proposal.
Proposal Under OMB Delegated Authority To Extend for Three Years, With
Revision, the Following Information Collection
Collection title: United States Currency Program Surveys.
Collection identifier: FR 3054.
OMB control number: 7100-0332.
General description of collection: The U.S. Currency Program
Surveys are used to obtain information specifically tailored to the
Federal Reserve's operational and fiscal agency responsibilities. All
collections except FR 3054c are conducted on an ad hoc basis. The
Board's current U.S. Currency Program set of information collections,
collectively referred to as FR 3054, are comprised of the following: Ad
Hoc Currency 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 3054e).
Proposed revisions: The Board proposes to change the name of the
information collection from ``Payment Systems Surveys'' to ``United
States Currency Program Surveys'' to more accurately describe the
effort that the collections support.
The Board also proposes to revise FR 3054a and FR 3054e by
splitting both into short-form and long-form collections and proposing
implementation of the Short-form Currency Program Surveys (FR 3054f)
and the Short-form Currency Education Usability Surveys (FR 3054g).
These revisions would allow the four information collections (FR 3054a,
FR 3054e, FR 3054f, FR 3054g) to more accurately account for the burden
and number of respondents, while gathering the necessary data to
support the introduction of a new set of banknotes. Short-form
information collection techniques are generally shorter in duration,
usually less than an hour, and recruit larger number of respondents,
usually over 1,000, and may be conducted through phone or internet
surveys. Long-form information collection techniques are generally
longer in duration, usually over an hour, and recruit a smaller number
of respondents, usually under 1,000, and may be conducted through focus
groups or individual interviews. These revisions will more accurately
reflect the burden imposed by different collection methods based on how
these collections were conducted in previous years.
The Board proposes to decrease the estimated number of respondents
for FR 3054a, increase the frequency, increase the average hours per
response, and rename the collection from ``Ad Hoc Currency Surveys'' to
``Long-form Currency Program Surveys.'' The increased estimated time
per response of FR 3054a will allow for more in-depth focus groups and
interviews (with a smaller number of respondents) to support and inform
the increasing efforts of the Currency Program. FR 3054a will continue
to cover the same topics, but will focus on utilizing long-form
collection methods, such as focus groups and interviews, while the
short-form collection methods will continue as part of a new
collection, the proposed FR 3054f.
The Board proposes to correct FR 3054d by decreasing the number of
respondents, and increasing the estimated duration to accurately
reflect the number and length of meetings held between the Board,
FedCash Services, Bureau of Engraving and Printing, and banknote
equipment manufacturers. This proposed revision returns FR 3054d to the
burden hours that previously existed prior to 2020.
The Board proposes for FR 3054e to increase the estimated average
hours per response and rename the collection from ``Currency Education
Usability Survey'' to ``Long-form Currency Education Usability
Surveys.'' The increased estimated time per response of FR 3054e will
allow for more in-depth focus groups and interviews to inform the
Board's currency education programs. Similar to FR 3054a, FR 3054e
would continue to cover the same topics, but would focus on long-form
collection methods, while the short-form collection methods would
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continue as part of a new collection (the proposed FR 3054g).
The Board proposes to establish a new information collection, the
``Short-form Currency Program Surveys'' (FR 3054f). This new collection
will allow the Board to cover the same topics as the revised FR 3054a,
but through quicker collection methods with a higher number of
respondents.
The Board proposes to establish a second new collection, the
``Short-form Currency Education Usability Surveys'' (FR 3054g). FR
3054g would cover the same topics as FR 3054e using quicker and broader
collection methods.
Frequency: The FR 3054a, FR 3054e, FR 3054f, and FR 3054g are
event-generated and may be conducted up to 10 times per year. The FR
3054b is event-generated and maybe be conducted up to 1 time per year.
The FR 3054c is conducted 2 times per year. The FR 3054b is event-
generated and conducted up to 5 times per year.
Respondents: Financial institutions (including depository
institutions, currency exchanges, or central banks), 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, 400; FR 3054b,
500; FR 3054c, 25; FR 3054d, 1; FR 3054e, 250; FR 3054f, 5,000; FR
3054g, 4,000.
Estimated average hours per response: FR 3054a, 2; FR 3054b. 0.5;
FR 3054c, 30; FR 3054d, 30; FR 3054e, 1.5; FR 3054f, 0.5; FR 3054g,
0.5.
Total estimated change in burden: 37,525.
Total estimated annual burden hours: 58,650.
Board of Governors of the Federal Reserve System, July 28, 2025.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2025-14462 Filed 7-30-25; 8:45 am]
BILLING CODE 6210-01-P
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