Agency Information Collection Activities: Proposed Revision of Information Collection; National Survey of Unbanked and Underbanked Households; Comment Request, 20357-20358 [2010-8913]
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Federal Register / Vol. 75, No. 74 / Monday, April 19, 2010 / Notices
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[FR Doc. 2010–9097 Filed 4–15–10; 8:45 am]
BILLING CODE 6712–01–S
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Revision of
Information Collection; National
Survey of Unbanked and Underbanked
Households; Comment Request
wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1
AGENCY: Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
SUMMARY: The FDIC, as part of its
continuing effort to reduce paperwork
and respondent burden and as required
by the Paperwork Reduction Act of 1995
(44 U.S.C. chapter 35), invites the
general public and other Federal
agencies to comment on the survey
collection instrument for its second
National Survey of Unbanked and
Underbanked Households (‘‘Household
Survey’’), currently approved under
OMB Control No. 3064–0167, scheduled
to be conducted in partnership with the
U.S. Census Bureau as a supplement to
its June 2011 Current Population Survey
(‘‘CPS’’). The collection is a key
component of the FDIC’s efforts to
comply with a Congressional mandate
contained in section 7 of the Federal
Deposit Insurance Reform Conforming
Amendments Act of 2005 (‘‘Reform
Act’’) (Pub. L. 109–173), which calls for
the FDIC to conduct ongoing surveys
‘‘on efforts by insured depository
VerDate Nov<24>2008
15:04 Apr 16, 2010
Jkt 220001
institutions to bring those individuals
and families who have rarely, if ever,
held a checking account, a savings
account or other type of transaction or
check cashing account at an insured
depository institution (hereafter in this
section referred to as the ‘unbanked’)
into the conventional finance system.’’
Section 7 further instructs the FDIC to
consider several factors in its conduct of
the surveys, including: (1) ‘‘What
cultural, language and identification
issues as well as transaction costs
appear to most prevent ‘unbanked’
individuals from establishing
conventional accounts’’; and (2) ‘‘what is
a fair estimate of the size and worth of
the ‘unbanked’ market in the United
States.’’ The household survey is
designed to address these factors and
provide a factual basis on the
proportions of unbanked households.
Such a factual basis is necessary to
adequately assess banks’ efforts to serve
these households as required by the
statutory mandate.
To satisfy the Congressional mandate,
the FDIC designed two complementary
surveys: a survey of FDIC-insured
depository institutions and a survey of
households. The first survey of FDICinsured depository institutions, aimed
at collecting data on their efforts to
serve underbanked, as well as
unbanked, populations (underbanked
populations include individuals who
have an account with an insured
depository but also rely on non-bank
alternative financial service providers
for transaction services or high cost
credit products), was conducted in mid2007, with the results released in
February 2008. The first survey of
unbanked and underbanked households
was conducted in January 2009 as a CPS
supplement and the results were
released to the public in December
2009. The household survey sought to
estimate the proportions of unbanked
and underbanked households in the
U.S. and to identify the factors that
inhibit the participation of these
households in the mainstream banking
system. The results of these ongoing
surveys will help policymakers and
bankers understand the issues and
challenges underserved households
perceive when deciding how and where
to conduct financial transactions. This
notice addresses the next Household
Survey.
DATES: Comments must be submitted on
or before June 18, 2010.
Interested parties are
invited to submit written comments by
any of the following methods. All
comments should refer to ‘‘National
ADDRESSES:
PO 00000
Frm 00033
Fmt 4703
Sfmt 4703
20357
Survey of Unbanked and Underbanked
Households’’:
• https://www.FDIC.gov/regulations/
laws/federal/.
• E-mail: comments@fdic.gov.
Include the name and number of the
collection in the subject line of the
message.
• Mail: Leneta Gregorie (202–898–
3719), Counsel, Legal Division, Federal
Deposit Insurance Corporation, 550 17th
Street, NW., Washington, DC 20429.
• Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the 550 17th Street Building
(located on F Street), on business days
between 7 a.m. and 5 p.m.
FOR FURTHER INFORMATION CONTACT:
Interested members of the public may
obtain a copy of the survey and related
instructions by clicking on the link for
the National Unbanked and
Underbanked Household Survey on the
following Web page: https://
www.fdic.gov/regulations/laws/federal/
notices.html. Interested members of the
public may also obtain additional
information about the collection,
including a paper copy of the proposed
collection and related instructions,
without charge, by contacting Leneta
Gregorie at the address identified above,
or by calling (202) 898–3719.
SUPPLEMENTARY INFORMATION: The FDIC
is considering possible revisions to the
following collection of information:
Title: National Unbanked and
Underbanked Household Survey.
OMB Number: 3064–0167.
Frequency of Response: Once.
Affected Public: U.S. Households.
Estimated Number of Respondents:
50,000.
Average time per response: 10
minutes (0.166 hours) per respondent.
Estimated Total Annual Burden:
0.166 hours × 50,000 respondents =
8,334 hours.
General Description of Collection
A mandate in section 7 of the Reform
Act requires the FDIC to conduct
ongoing surveys on efforts by banks to
bring unbanked individuals and
families into the conventional finance
system. Section 7 further instructs the
FDIC to consider several factors in its
conduct of the surveys, including the
size of the unbanked market in the
United States and the cultural, language
and identification issues as well as
transaction costs that appear to most
prevent unbanked individuals from
establishing conventional accounts. To
obtain this information, the FDIC
partnered with the U.S. Census Bureau,
which administered the Household
Survey supplement (‘‘FDIC
E:\FR\FM\19APN1.SGM
19APN1
20358
Federal Register / Vol. 75, No. 74 / Monday, April 19, 2010 / Notices
wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1
Supplement’’) to households that
participated in the January 2009 CPS.
The FDIC supplement has yielded
significant data on the extent and
demographic characteristics of the
population that is unbanked or
underbanked, the use by this population
of alternative financial services, and the
reasons why some households do not
make greater use of traditional banking
services. The Household Survey was the
first survey of its kind to be conducted
at the national level. An executive
summary of the results of the Household
Survey, the full report, and the survey
instrument can be accessed through the
following link: https://
www.economicinclusion.gov/
about_survey.html.
Consistent with the statutory mandate
to conduct the surveys on an ongoing
basis, the FDIC already has in place
arrangements for conduct of its second
Household Survey as a supplement to
the June 2011 CPS. However, prior to
finalizing the next survey instrument,
the FDIC seeks to solicit public
comment on whether changes to the
existing instrument are desirable and, if
so, to what extent. It should be noted
that, as a supplement of the CPS survey,
the Household Survey needs to adhere
to specific parameters that include
limits in the length and sensitivity of
the questions that can be asked of CPS
respondents. Specifically, there is a
strict limitation on the number of
questions permitted (no more than 32)
and the average time required to
complete the survey (10 minutes on
average).
Request for Comment
Comments are invited on: (a) Whether
the collection of information is
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burden of the information collection; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the information collection on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
The FDIC will consider all comments
to determine the extent to which the
information collection should be
modified prior to submission to OMB
for review and approval. After the
comment period closes, comments will
be summarized and/or included in the
FDIC’s request to OMB for approval of
the collection. All comments will
become a matter of public record.
Dated at Washington, DC, this 13th day of
April 2010.
VerDate Nov<24>2008
15:04 Apr 16, 2010
Jkt 220001
Federal Deposit Insurance Corporation.
Robert F. Feldman,
Executive Secretary.
Deposit Insurance Corporation, 550 17th
Street, NW., Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
[FR Doc. 2010–8913 Filed 4–16–10; 8:45 am]
Background
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Intra-Agency Appeal Process:
Guidelines for Appeals of Material
Supervisory Determinations and
Guidelines for Appeals of Deposit
Insurance Assessment Determinations
AGENCY: Federal Deposit Insurance
Corporation.
ACTION: Notice of guidelines.
SUMMARY: On April 13, 2010, the
Federal Deposit Insurance Corporation
(‘‘FDIC’’) Board of Directors (‘‘Board’’)
adopted revised Guidelines for Appeals
of Material Supervisory Determinations
(‘‘SARC Guidelines’’). The SARC
Guidelines govern the Supervision
Appeals Review Committee (‘‘SARC’’)
process and supersede the FDIC’s prior
SARC Guidelines, which were adopted
by the FDIC’s Board of Directors on
September 16, 2008. In addition, on
April 13, 2010, the Board also adopted
revised Guidelines for Appeals of
Deposit Insurance Assessment
Determinations (‘‘AAC Guidelines’’),
which govern the Assessment Appeals
Committee (‘‘AAC’’) process and
supersede the FDIC’s prior AAC
Guidelines, which were adopted on
June 28, 2004. The SARC Guidelines
have been amended to extend the
decision deadline for requests for
review and to clarify the decisional
deadline for written decisions by the
SARC. Also, both the SARC Guidelines
and the AAC Guidelines have been
amended to make additional, limited
technical clarifying and conforming
amendments. Both sets of revised
guidelines are effective upon adoption.
DATES: The revised SARC Guidelines
and the revised AAC Guidelines became
effective on April 13, 2010.
For Further Information Concerning
the SARC Guidelines Contact: Patricia
Colohan, Acting Associate Director,
Division of Supervision and Consumer
Protection, (202) 898–7283; Richard
Bogue, Counsel, Legal Division, (202)
898–3726; Jeannette E. Roach, Counsel,
Legal Division, (202) 898–3785, Federal
Deposit Insurance Corporation, 550 17th
Street, NW., Washington, DC 20429.
For Further Information Concerning
the AAC Guidelines Contact:
Christopher Bellotto, Counsel, (202)
898–3801, Legal Division, Federal
PO 00000
Frm 00034
Fmt 4703
Sfmt 4703
1. Guidelines for Appeals of Material
Supervisory Determinations
Section 309(a) of the Riegle
Community Development and
Regulatory Improvement Act of 1994
(Pub. L. 103–325, 108 Stat. 2160)
(‘‘Riegle Act’’) required the FDIC (as well
as the other Federal banking agencies
and the National Credit Union
Administration Board) to establish an
independent intra-agency appellate
process to review material supervisory
determinations.
The Riegle Act defines the term
‘‘independent appellate process’’ to
mean a review by an agency official who
does not directly or indirectly report to
the agency official who made the
material supervisory determination
under review. In the appeals process,
the FDIC is required to ensure that (1)
an appeal of a material supervisory
determination by an insured depository
institution is heard and decided
expeditiously; and (2) appropriate
safeguards exist for protecting
appellants from retaliation by agency
examiners.
On March 21, 1995, the FDIC’s Board
of Directors adopted the original
Guidelines for Appeals of Material
Supervisory Determinations, which
established and set forth procedures
governing the SARC, whose purpose
was to consider and decide appeals of
material supervisory determinations as
required by the Riegle Act. The SARC
Guidelines were amended, after notice
and comment, on July 9, 2004, adopting
revised Guidelines and changing the
composition and procedures of the
SARC. (69 FR 41479 (July 9, 2004)).
The SARC Guidelines were amended
again in 2008, after notice and
comment, to modify the supervisory
determinations eligible for appeal to
eliminate the ability of an FDICsupervised institution to file an appeal
with the SARC with respect to
determinations or the facts and
circumstances underlying a
recommended or pending formal
enforcement-related action or decision,
and to make limited technical
amendments. (73 FR 54822 (Sept. 23,
2008)).
Although the FDIC considered it
desirable in those instances to garner
comments regarding the Guidelines,
notice and comment rulemaking was
not required, and the FDIC pointed out
that notice and comment rulemaking
need not be employed in making future
E:\FR\FM\19APN1.SGM
19APN1
]]>Agencies
[Federal Register Volume 75, Number 74 (Monday, April 19, 2010)]
[Notices]
[Pages 20357-20358]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-8913]
=======================================================================
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Proposed Revision of
Information Collection; National Survey of Unbanked and Underbanked
Households; Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork
and respondent burden and as required by the Paperwork Reduction Act of
1995 (44 U.S.C. chapter 35), invites the general public and other
Federal agencies to comment on the survey collection instrument for its
second National Survey of Unbanked and Underbanked Households
(``Household Survey''), currently approved under OMB Control No. 3064-
0167, scheduled to be conducted in partnership with the U.S. Census
Bureau as a supplement to its June 2011 Current Population Survey
(``CPS''). The collection is a key component of the FDIC's efforts to
comply with a Congressional mandate contained in section 7 of the
Federal Deposit Insurance Reform Conforming Amendments Act of 2005
(``Reform Act'') (Pub. L. 109-173), which calls for the FDIC to conduct
ongoing surveys ``on efforts by insured depository institutions to
bring those individuals and families who have rarely, if ever, held a
checking account, a savings account or other type of transaction or
check cashing account at an insured depository institution (hereafter
in this section referred to as the `unbanked') into the conventional
finance system.'' Section 7 further instructs the FDIC to consider
several factors in its conduct of the surveys, including: (1) ``What
cultural, language and identification issues as well as transaction
costs appear to most prevent `unbanked' individuals from establishing
conventional accounts''; and (2) ``what is a fair estimate of the size
and worth of the `unbanked' market in the United States.'' The
household survey is designed to address these factors and provide a
factual basis on the proportions of unbanked households. Such a factual
basis is necessary to adequately assess banks' efforts to serve these
households as required by the statutory mandate.
To satisfy the Congressional mandate, the FDIC designed two
complementary surveys: a survey of FDIC-insured depository institutions
and a survey of households. The first survey of FDIC-insured depository
institutions, aimed at collecting data on their efforts to serve
underbanked, as well as unbanked, populations (underbanked populations
include individuals who have an account with an insured depository but
also rely on non-bank alternative financial service providers for
transaction services or high cost credit products), was conducted in
mid-2007, with the results released in February 2008. The first survey
of unbanked and underbanked households was conducted in January 2009 as
a CPS supplement and the results were released to the public in
December 2009. The household survey sought to estimate the proportions
of unbanked and underbanked households in the U.S. and to identify the
factors that inhibit the participation of these households in the
mainstream banking system. The results of these ongoing surveys will
help policymakers and bankers understand the issues and challenges
underserved households perceive when deciding how and where to conduct
financial transactions. This notice addresses the next Household
Survey.
DATES: Comments must be submitted on or before June 18, 2010.
ADDRESSES: Interested parties are invited to submit written comments by
any of the following methods. All comments should refer to ``National
Survey of Unbanked and Underbanked Households'':
https://www.FDIC.gov/regulations/laws/federal/.
E-mail: comments@fdic.gov. Include the name and number of
the collection in the subject line of the message.
Mail: Leneta Gregorie (202-898-3719), Counsel, Legal
Division, Federal Deposit Insurance Corporation, 550 17th Street, NW.,
Washington, DC 20429.
Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 550 17th Street Building (located on F
Street), on business days between 7 a.m. and 5 p.m.
FOR FURTHER INFORMATION CONTACT: Interested members of the public may
obtain a copy of the survey and related instructions by clicking on the
link for the National Unbanked and Underbanked Household Survey on the
following Web page: https://www.fdic.gov/regulations/laws/federal/notices.html. Interested members of the public may also obtain
additional information about the collection, including a paper copy of
the proposed collection and related instructions, without charge, by
contacting Leneta Gregorie at the address identified above, or by
calling (202) 898-3719.
SUPPLEMENTARY INFORMATION: The FDIC is considering possible revisions
to the following collection of information:
Title: National Unbanked and Underbanked Household Survey.
OMB Number: 3064-0167.
Frequency of Response: Once.
Affected Public: U.S. Households.
Estimated Number of Respondents: 50,000.
Average time per response: 10 minutes (0.166 hours) per respondent.
Estimated Total Annual Burden: 0.166 hours x 50,000 respondents =
8,334 hours.
General Description of Collection
A mandate in section 7 of the Reform Act requires the FDIC to
conduct ongoing surveys on efforts by banks to bring unbanked
individuals and families into the conventional finance system. Section
7 further instructs the FDIC to consider several factors in its conduct
of the surveys, including the size of the unbanked market in the United
States and the cultural, language and identification issues as well as
transaction costs that appear to most prevent unbanked individuals from
establishing conventional accounts. To obtain this information, the
FDIC partnered with the U.S. Census Bureau, which administered the
Household Survey supplement (``FDIC
[[Page 20358]]
Supplement'') to households that participated in the January 2009 CPS.
The FDIC supplement has yielded significant data on the extent and
demographic characteristics of the population that is unbanked or
underbanked, the use by this population of alternative financial
services, and the reasons why some households do not make greater use
of traditional banking services. The Household Survey was the first
survey of its kind to be conducted at the national level. An executive
summary of the results of the Household Survey, the full report, and
the survey instrument can be accessed through the following link:
https://www.economicinclusion.gov/about_survey.html.
Consistent with the statutory mandate to conduct the surveys on an
ongoing basis, the FDIC already has in place arrangements for conduct
of its second Household Survey as a supplement to the June 2011 CPS.
However, prior to finalizing the next survey instrument, the FDIC seeks
to solicit public comment on whether changes to the existing instrument
are desirable and, if so, to what extent. It should be noted that, as a
supplement of the CPS survey, the Household Survey needs to adhere to
specific parameters that include limits in the length and sensitivity
of the questions that can be asked of CPS respondents. Specifically,
there is a strict limitation on the number of questions permitted (no
more than 32) and the average time required to complete the survey (10
minutes on average).
Request for Comment
Comments are invited on: (a) Whether the collection of information
is necessary for the proper performance of the FDIC's functions,
including whether the information has practical utility; (b) the
accuracy of the estimates of the burden of the information collection;
(c) ways to enhance the quality, utility, and clarity of the
information to be collected; and (d) ways to minimize the burden of the
information collection on respondents, including through the use of
automated collection techniques or other forms of information
technology.
The FDIC will consider all comments to determine the extent to
which the information collection should be modified prior to submission
to OMB for review and approval. After the comment period closes,
comments will be summarized and/or included in the FDIC's request to
OMB for approval of the collection. All comments will become a matter
of public record.
Dated at Washington, DC, this 13th day of April 2010.
Federal Deposit Insurance Corporation.
Robert F. Feldman,
Executive Secretary.
[FR Doc. 2010-8913 Filed 4-16-10; 8:45 am]
BILLING CODE 6714-01-P
