Retail Payments Surveys

Forms and Documents

Document Name	Status
Form FR 3066c Check Sample Survey (FR 3066c) Form and Instruction	New
Form FR 3066b Network, Processor, and Issuer Payments Surveys (FR 3066b) Form and Instruction	New
Form FR 3066a Depository and Financial Institution Payments Survey (FR 3066a) Form and Instruction	New
FR_3066abcd_20121222_omb_B.docx Supporting Statement B	2012-12-22
FR_3066abcd_20121226_omb.docx Supporting Statement A	2012-12-26

IC Document Collections

IC ID	Document Title	Status
205091	Retail Payments Survey Supplement (FR 3066d) Other-Sample	New
205090	Check Sample Survey (FR 3066c) Form and Instruction	New
205089	Network, Processor, and Issuer Payments Surveys (FR 3066b) Form and Instruction	New
205088	Depository and Financial Institution Payments Survey (FR 3066a) Form and Instruction	New

ICR Details

OMB Control No: 7100-0351	ICR Reference No: 201211-7100-006
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: FRS	Agency Tracking No: FR 3066a,b,c, and d
Title: Retail Payments Surveys
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/26/2012
	Date Received in OIRA: 12/26/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2015	36 Months From Approved
Responses	1,730	0	0
Time Burden (Hours)	50,890	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The FR 3066a, FR 3066b, and FR 3066c are triennial surveys. The FR 3066d would be conducted annually or on occasion. These surveys are designed to collect information needed to support the Federal Reserve System's (FRS) role in the retail payments system. The FR 3066a and the FR 3066b collects information on the national volume (number and value) of major categories and subcategories of established and emerging methods of non cash payment from a nationally representative, stratified random sample of depository institutions, and from a census of payments networks, processors, and issuers. The FR 3066c collects data from samples of individual checks obtained from a sample of depository institutions. The FR 3066d collects payment volumes similar to those collected in the FR 3066a or the FR 3066b to obtain information about volumes and changes in volumes that may occur in the two years between triennial surveys from a subset of respondents.

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Authorizing Statute(s): US Code: 12 USC 248, 248a, 342, 248-1,360,411 Name of Law: Federal Reserve Act
   US Code: 12 USC 324, 602, & 625, 225a, 263 Name of Law: Federal Reserve Act
   US Code: 12 USC 1844(c) & 1467a(b)(3) & 5412 Name of Law: Bank Holding Company Act
   US Code: 12 USC 3105(c)(2) Name of Law: International Banking Act of 1978
   US Code: 12 USC 1817(a) Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 4008 Name of Law: Expedited Funds Availability Act
   US Code: 15 USC 1693b & 1693o-2 Name of Law: Electronic Fund Transfer Act
   US Code: 15 USC 1604 Name of Law: Truth In Lending Act
   US Code: 15 USC 5014 Name of Law: The Check Clearing for the 21st Century Act
  

Citations for New Statutory Requirements: None

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

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 54912	09/06/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 74187	12/13/2012
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 4

IC Title	Form No.	Form Name
Depository and Financial Institution Payments Survey (FR 3066a)	FR 3066a	Depository and Financial Institution Payments Survey
Network, Processor, and Issuer Payments Surveys (FR 3066b)	FR 3066b	Network, Processor, and Issuer Payments Surveys
Check Sample Survey (FR 3066c)	FR 3066c	Check Sample Survey
Retail Payments Survey Supplement (FR 3066d)

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ICR Summary 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	1,730	0	0	1,730	0	0
Annual Time Burden (Hours)	50,890	0	0	50,890	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: Implementation of the Retail Payments Surveys (FR 3066a, b, c, and d)

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Annual Cost to Federal Government: $2,800,000

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

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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? Uncollected

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Common Form ICR:  No

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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: 12/26/2012

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