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).
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
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.
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:
(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;
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.