Payments Research Survey

Forms and Documents

Document Name	Status

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Document Title	Status
223589	State and local government agencies Other-Sample Survey Topics	Modified
223492	Individual consumers or households Other-Sample Survey Topics	Modified
206949	Private sector Other-Sample Survey Topics	Modified

ICR Details

OMB Control No: 7100-0355	ICR Reference No: 202603-7100-001
Status: Active	Previous ICR Reference No: 202301-7100-004
Agency/Subagency: FRS	Agency Tracking No: FR 3067
Title: Payments Research Survey
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/10/2026
Retrieve Notice of Action (NOA)	Date Received in OIRA: 03/10/2026
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2029	36 Months From Approved	03/31/2026
Responses	20,000	0	20,000
Time Burden (Hours)	30,000	0	30,000
Cost Burden (Dollars)	0	0	0

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Abstract: The Board uses this ad hoc collection to obtain information, as needed, on specific and time-sensitive issues, related to payments research, which may provide insights that augment the Federal Reserve System’s effectiveness within the payments system. Respondents may comprise depository institutions; financial and nonfinancial businesses; for-profit and nonprofit enterprises; federal, state, and local governments; individual consumers; or households (see full list in the Respondent Panel section below). The Board may conduct various surveys under this collection, as needed, all of which would be voluntary. The frequency and content of the questions depend on changing economic, regulatory, supervisory, or legislative developments, as the Federal Reserve System’s role in the payments system bestows it with, among other things, supervisory, regulatory, fiscal, or operational responsibilities relating to payments issues.

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Authorizing Statute(s): US Code: 12 USC 4008(c) Name of Law: Expedited Funds Availability Act
   US Code: 12 USC 5461(b) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 15 USC 1693b Name of Law: Electronic Fund Transfer Act
   US Code: 15 USC 1693o-2 Name of Law: Electronic Fund Transfer Act
   US Code: 12 USC 1867 Name of Law: Bank Service Company Act
   US Code: 12 USC 5014 Name of Law: Check Clearing for the 21st Century Act
   US Code: 12 USC 225a Name of Law: Federal Reserve Act
   US Code: 12 USC 248 Name of Law: Federal Reserve Act
   US Code: 12 USC 248a Name of Law: Federal Reserve Act
   US Code: 12 USC 263 Name of Law: Federal Reserve Act
   US Code: 12 USC 342 Name of Law: Federal Reserve Act
   US Code: 12 USC 360 Name of Law: Federal Reserve Act
   US Code: 12 USC 248-1 Name of Law: Federal Reserve 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:
	90 FR 22725	05/29/2025
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 51354	11/17/2025
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Individual consumers or households
Private sector
State and local government agencies

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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	20,000	20,000	0	0	0	0
Annual Time Burden (Hours)	30,000	30,000	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:

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Annual Cost to Federal Government: $0

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

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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: 03/10/2026

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