Payments System Surveys

Forms and Documents

Document Name	Status
Form FR 3054d FR 3054d Form and Instruction	Unchanged
Form FR 3054c FR 3054c Form and Instruction	Unchanged
Form FR 3054b FR 3054b Form and Instruction	Unchanged
FR 3054a Ad Hoc 83c.pdf Justification for No Material/Nonsubstantive Change	2025-05-09
FRB Round 7 Mod Guide- Five Nations (002).docx Supplementary Document	2025-05-07
FR3054_20230130_omb_B.pdf Supporting Statement B	2023-01-30
FR3054_20230130_omb.pdf Supporting Statement A	2023-01-30

IC Document Collections

IC ID	Document Title	Status
238342	FR 3054e Other-Sample Survey	Unchanged
195991	FR 3054d Form and Instruction	Unchanged
195990	FR 3054c Form and Instruction	Unchanged
195989	FR 3054b Form and Instruction	Unchanged
195988	FR 3054a Other-Sample Survey	Unchanged

ICR Details

OMB Control No: 7100-0332	ICR Reference No: 202504-7100-001
Status: Active	Previous ICR Reference No: 202301-7100-002
Agency/Subagency: FRS	Agency Tracking No: FR 3054
Title: Payments System Surveys
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: 05/09/2025
	Date Received in OIRA: 05/09/2025
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2026	01/31/2026	01/31/2026
Responses	24,300	0	24,300
Time Burden (Hours)	21,125	0	21,125
Cost Burden (Dollars)	0	0	0

---

Abstract: 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 currently comprises of the following: • Ad Hoc Payments Systems Survey (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).

---

Authorizing Statute(s): US Code: 12 USC 342 Name of Law: Federal Reserve Act
   US Code: 12 USC 411 Name of Law: Federal Reserve Act
   US Code: 12 USC 412 Name of Law: Federal Reserve Act
   US Code: 12 USC 413 Name of Law: Federal Reserve Act
   US Code: 12 USC 414 Name of Law: Federal Reserve Act
   US Code: 12 USC 415 Name of Law: Federal Reserve Act
   US Code: 12 USC 416 Name of Law: Federal Reserve Act
   US Code: 12 USC 417 Name of Law: Federal Reserve Act
   US Code: 12 USC 420 Name of Law: Federal Reserve Act
   US Code: 12 USC 422 Name of Law: Federal Reserve Act
   US Code: 12 USC 248(d) 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:
	87 FR 56053	09/13/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 78964	12/23/2022
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 5

IC Title	Form No.	Form Name
FR 3054a
FR 3054b	FR 3054b	Currency Quality Sampling Survey
FR 3054c	FR 3054c	Currency Quality Survey
FR 3054d	FR 3054d, FR 3054d	Currency Functionality and Perception Survey (General) ,   Currency Functionality and Perception Survey (Specialized)
FR 3054e

---

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	24,300	24,300	0	0	0	0
Annual Time Burden (Hours)	21,125	21,125	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 3054 is 20,400 hours, and would increase to 21,125 hours with the revisions. The Board has increased the estimated respondents for the FR 3054b from 300 to 500, increased the estimated frequency for the FR 3054d from four times a year to five times a year, and increased the estimated frequency from five times a year to ten times a year, and decreased 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.

---

Annual Cost to Federal Government: $2,010,000

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: 05/09/2025

---