FR3063_20240625_omb_B

Supporting Statement Part B for the
Government-Administered, General-Use Prepaid Card Survey
(FR 3063; OMB No. 7100-0343)
Summary
For all information collections that involve surveys or require a statistical methodology,
the Board of Governors of the Federal Reserve System (Board) is required to provide a complete
justification and explanation of the use of such a methodology. For collections that employ
surveys without such a methodology, the Board should be prepared to justify its decision not to
use statistical methods in any case where such methods might reduce burden or improve
accuracy of results.
Background
Section 1075(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act
(Dodd-Frank Act) added section 920(a)(7) to the Electronic Fund Transfer Act (EFTA) to
require that the Board provide annually a report to Congress regarding the prevalence of the use
of general-use prepaid cards in federal, state, and local government-administered payment
programs, and the interchange and cardholder fees charged with respect to the use of such
prepaid cards.1 Section 1075(a) of the Dodd-Frank Act also added section 920(a)(3) to the ETFA
to provide the Board with authority to require card issuers to respond to information requests as
may be necessary to carry out the provisions of the section. Pursuant to this authority, the Board
adopted regulations setting debit card interchange fee standards and reporting requirements in
Debit Card Interchange Fees and Routing (Regulation II) (12 CFR Part 235). The FR 3063
survey is used to collect information from card issuers on the usage of general-use prepaid cards
in federal, state, or local government-administered payment programs, and the interchange fees
and cardholder fees charged with respect to the use of such general-use prepaid cards. The
information collected on the FR 3063 survey is not available from other sources. The Board
annually evaluates the data collected in an effort to further improve efficiency and reduce
respondent burden.
Universe and Respondent Selection
The FR 3063 is required for all 22 entities that are considered “issuers” under
Regulation II.2
Procedures for Collecting Information
The respondents complete and submit the FR 3063 survey electronically through the
Debit Card Survey System, a dedicated online portal developed and supported by the Board. The
Board issues unique access credentials to respondents through email. This enables the Board and
respondents to provide the required data on a timely basis and makes the data accessible by
Board stakeholders for reporting purposes.
1
2

15 U.S.C. § 1693o-2(a)(7)(D).
12 CFR 235.8(a).

Methods to Maximize Response
The FR 3063 is required for all 22 entities that are considered “issuers” under
Regulation II.
Testing of Procedures
None.

2