[Federal Register Volume 87, Number 246 (Friday, December 23, 2022)]
[Notices]
[Pages 78964-78965]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-27919]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, with revision, the 
Payment Systems Surveys (FR 3054; OMB No. 7100-0332).

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, [email protected], (202) 
452-3884.
    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.

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. Board-approved collections of information are 
incorporated into the official OMB inventory of currently approved 
collections of information. The OMB inventory, as well as copies of the 
PRA Submission, supporting statements (which contain more detailed 
information about the information collections and burden estimates than 
this notice), and approved collection of information instrument(s) are 
available at https://www.reginfo.gov/public/do/PRAMain. These documents 
are also available on the Federal Reserve Board's public website at 
https://www.federalreserve.gov/apps/reportingforms/home/review or may 
be requested from the agency clearance officer, whose name appears 
above.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, With Revision, of the Following Information Collection

    Collection title: Payment Systems Surveys.
    Collection identifier: FR 3054.
    OMB control number: 7100-0332.
    Effective date: January 23, 2023.
    General description of collection: 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 is currently comprised of the 
following: Ad Hoc Payment Systems 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 3045e). These surveys help the Board 
obtain information about currency demand, quality, functionality, 
perception, usage patterns and other useful information about 
banknotes.
    Frequency: FR 3054a, five times per year; FR 3054b, annually; FR 
3054c, semi-annually; FR 3054d, five times per year; and FR 3054e, ten 
times per year.
    Respondents: The FR 3054 panel comprises financial institutions 
(including depository institutions), 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, 4,000; FR 3054b, 
500; FR 3054c, 25; FR 3054d, 250; and FR 3054e, 250.
    Estimated average hours per response: FR 3054a, 0.75; FR 3054b, 
0.50; FR 3054c, 30; FR 3054d, 2.5; and FR 3054e, 0.50.
    Total estimated change in burden: 725 hours.
    Total estimated annual burden hours: 21,125.\1\
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    \1\ More detailed information regarding this collection, 
including more detailed burden estimates, can be found in the OMB 
Supporting Statement posted at https://www.federalreserve.gov/apps/reportingforms/home/review. On the page displayed at the link, you 
can find the OMB Supporting Statement by referencing the collection 
identifier, FR 3054.

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[[Page 78965]]

    Current actions: On September 13, 2022, the Board published a 
notice in the Federal Register (87 FR 56053) requesting public comment 
for 60 days on the extension, with revision, of the FR 3054. The Board 
proposed to increase the estimated respondents for the FR 3054b from 
300 to 500, increase the estimated frequency for the FR 3054d from four 
times a year to five times a year, and increase the estimated frequency 
from five times a year to ten times a year and decrease 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. Additionally, the FR 3054c has not changed since 2018 
and no changes are anticipated during the current clearance cycle. The 
FR 3054c is therefore being transitioned from an ad hoc to an 
established collection.
    The comment period for this notice expired on November 14, 2022. 
The Board did not receive any comments relevant to this information 
collection.

    Board of Governors of the Federal Reserve System, December 19, 
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-27919 Filed 12-22-22; 8:45 am]
BILLING CODE 6210-01-P