Payments System Surveys

ICR 202504-7100-001

OMB: 7100-0332

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Unchanged
Form and Instruction
Unchanged
Form and Instruction
Unchanged
Justification for No Material/Nonsubstantive Change
2025-05-09
Supplementary Document
2025-05-07
Supporting Statement B
2023-01-30
Supporting Statement A
2023-01-30
IC Document Collections
IC ID
Document
Title
Status
238342 Unchanged
195991 Unchanged
195990 Unchanged
195989 Unchanged
195988 Unchanged
ICR Details
7100-0332 202504-7100-001
Active 202301-7100-002
FRS FR 3054
Payments System Surveys
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 05/09/2025
Retrieve Notice of Action (NOA) 05/09/2025
  Inventory as of this Action Requested Previously Approved
01/31/2026 01/31/2026 01/31/2026
24,300 0 24,300
21,125 0 21,125
0 0 0

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
  
None

Not associated with rulemaking

  87 FR 56053 09/13/2022
87 FR 78964 12/23/2022
No

  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
No
No
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.

$2,010,000
Yes Part B of Supporting Statement
    Yes
    No
No
No
No
No
Deven Patel 319 538-6278 deven.r.patel@frb.gov

  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:
 
 
 
 
 
 
 
    (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.
05/09/2025


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