Agency Information Collection Activities: Proposed Revision of Information Collection; FDIC National Survey of Unbanked and Underbanked Households; Comment Request (3064-0215), 68155-68156 [2022-24642]

Download as PDF Federal Register / Vol. 87, No. 218 / Monday, November 14, 2022 / Notices and EXIM Bank’s Office of Inspector General. ROUTINE USES OF RECORDS MAINTAINED IN THE SYSTEM, INCLUDING CATEGORIES OF USERS AND THE PURPOSES OF SUCH USES: Information about covered individuals may be disclosed without consent as permitted by the Privacy Act of 1974, 5 U.S.C. 552a(b), and: 1. General Routine Uses G1 through G14 apply to this system of records (see Prefatory Statement of General Routine Uses). 2. A record from this system may be disclosed to appropriate third-parties contracted by the Agency to facilitate mediation or other dispute resolution procedures or programs. RECORD ACCESS PROCEDURES: POLICIES AND PRACTICES FOR STORAGE OF RECORDS: Records are maintained manually in electronic form. POLICIES AND PRACTICES FOR RETRIEVAL OF RECORDS: Records are retrieved by any one or more of the following: individual name or business entity name. POLICIES AND PRACTICES FOR RETENTION AND DISPOSAL OF RECORDS: Records are maintained and destroyed in accordance with the National Archives and Record Administration’s (‘‘NARA’’) Basic Laws and Authorities (44 U.S.C. 3301, et seq.) or an EXIM Bank records disposition schedule approved by NARA. khammond on DSKJM1Z7X2PROD with NOTICES ADMINISTRATIVE, TECHNICAL, AND PHYSICAL SAFEGUARDS: EXIM Bank has established security and privacy protocols that meet the required security and privacy standards issued by the National Institute of Standards and Technology (NIST). Records are maintained in a secure, password protected electronic system that utilizes security hardware and software to include multiple firewalls, active intruder detection, and role-based access controls. EXIM Bank has adopted appropriate administrative, technical, and physical controls in accordance with EXIM Bank’s security program to protect the confidentiality, integrity, and availability of the information, and to ensure that records are not disclosed to or accessed by unauthorized individuals. Electronic records are stored on computer networks, which may include cloud-based systems, and protected by controlled access with Personal Identity Verification (PIV) cards, assigning user accounts to individuals needing access to the records and by passwords set by authorized users that must be changed periodically. VerDate Sep<11>2014 17:30 Nov 10, 2022 Jkt 259001 Information will be stored in electronic format within EOL. EOL has configurable, layered data sharing and permissions features to ensure users have proper access. Access to EOL is restricted to EXIM Bank personnel who need it for their job. Authorized users are limited to the Office of the General Counsel staff and they have access to the data and functions required to perform their job functions. Based on user role assignment, it is determined whether a specific user is provided ‘‘view-only’’ or ‘‘read-write’’ access to the data. These privileges are managed via EOL’s System Administration, user, and security functions. Requests to access records under the Privacy Act must be submitted in writing and must be signed by the requestor. Requests should be addressed to the Freedom of Information and Privacy Office, Export Import Bank of the United States, 811 Vermont Ave. NW, Washington, DC 20571. The request must comply with the requirements of 12 CFR 404.14. CONTESTING RECORD PROCEDURES: Individuals seeking to contest and/or amend records under the Privacy Act must submit a request in writing. The request must be signed by the requestor and should be addressed to the Freedom of Information and Privacy Office, Export Import Bank of the United States, 811 Vermont Ave. NW, Washington, DC 20571. The request must comply with the requirements of 12 CFR 404.14. NOTIFICATION PROCEDURES: Individuals seeking to be notified if this system contains a record pertaining to himself or herself must submit a request in writing. The request must be signed by the requestor and should be addressed to the Freedom of Information and Privacy Office, Export Import Bank of the United States, 811 Vermont Ave. NW, Washington, DC 20571. The request must comply with the requirements of 12 CFR 404.14. EXEMPTIONS PROMULGATED FOR THE SYSTEM: None. HISTORY: None. Joyce B. Stone, Assistant Corporate Secretary. [FR Doc. 2022–24726 Filed 11–10–22; 8:45 am] BILLING CODE 6690–01–P PO 00000 Frm 00036 Fmt 4703 Sfmt 4703 68155 FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Proposed Revision of Information Collection; FDIC National Survey of Unbanked and Underbanked Households; Comment Request (3064– 0215) Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. AGENCY: The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the survey collection instrument for its eighth biennial survey of households, which has been renamed the FDIC National Survey of Unbanked and Underbanked Households (Household Survey). This survey was previously named the Survey of Household Use of Banking and Financial Services and is assigned OMB Control No. 3064–0215. The 2023 Household Survey is scheduled to be conducted in partnership with the U.S. Census Bureau as a supplement to its June 2023 Current Population Survey (CPS). The survey collects information on U.S. households’ use of bank accounts, prepaid cards, nonbank online payment services and other nonbank financial transaction services, and bank and nonbank credit. The results of these biennial surveys will be published by the FDIC, and help inform policymakers, bankers, and researchers about bank account ownership and household use of the banking system and nonbank financial products and services to meet their financial needs. DATES: Comments must be submitted on or before January 13, 2023. ADDRESSES: Interested parties are invited to submit written comments to the FDIC by any of the following methods: • Agency Website: https:// www.fdic.gov/resources/regulations/ federal-register-publications/. • Email: comments@fdic.gov. Include the name and number of the collection in the subject line of the message. • Mail: Manny Cabeza (202–898– 3767), Regulatory Counsel, MB–3128, 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 17th Street NW building (located on F Street NW) on business days between 7:00 a.m. and 5:00 p.m. SUMMARY: E:\FR\FM\14NON1.SGM 14NON1 khammond on DSKJM1Z7X2PROD with NOTICES 68156 Federal Register / Vol. 87, No. 218 / Monday, November 14, 2022 / Notices All comments should refer to ‘‘Household Survey.’’ A copy of the comments may also be submitted to the OMB desk officer for the FDIC: Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Regulatory Counsel, 202–898–3767, mcabeza@fdic.gov, MB– 3128, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. SUPPLEMENTARY INFORMATION: The FDIC is requesting OMB approval for the following collection of information: Title: FDIC National Survey of Unbanked and Underbanked Households. OMB Number: 3064–0215. Frequency of Response: Once. Affected Public: Individuals residing in U.S. Households. Estimated Number of Respondents: 40,000. Average Time per Response: 9 minutes (0.15 hours) per respondent. Estimated Total Annual Burden: 6,000 hours. General Description of Collection: The FDIC is committed to expanding Americans’ access to safe, secure, and affordable banking services, which is integral to the FDIC’s mission of maintaining the stability of and public confidence in the U.S. financial system. The FDIC National Survey of Unbanked and Underbanked Households (Household Survey) is one contribution to this end. The Household Survey is also a key component of the FDIC’s compliance 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.’’ VerDate Sep<11>2014 17:30 Nov 10, 2022 Jkt 259001 The Household Survey collects information on bank account ownership which provides a factual basis for measuring the number and percentage of households that are unbanked. The Household Survey is the only population-representative survey conducted at the national level that provides state-level estimates of the size and characteristics of unbanked households for all 50 states and the District of Columbia. The Household Survey also collects information from unbanked households about the reasons that they do not have a bank account and their interest in having a bank account. Increasingly, financial products and services are provided by nonbanks, many through the use of a mobile phone app. Households are selecting different combinations of bank and nonbank financial products and services to meet their core financial needs. Consequently, the Household Survey collects information on whether and how households use a wide range of bank and nonbank financial products and services. To obtain this information, the FDIC partners with the U.S. Census Bureau, which administers the Household Survey supplement (FDIC Supplement) to households that participate in the Current Population Survey (CPS). The supplement has been administered every other year since January 2009. The previous survey questionnaires and survey results can be accessed through the following link: https://fdic.gov/ analysis/household-survey. Consistent with the statutory mandate to conduct the surveys on an ongoing basis, the FDIC already has in place arrangements for conducting the eighth Household Survey as a supplement to the June 2023 CPS. Prior to finalizing the 2023 survey questionnaire, 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. Interested members of the public may obtain a copy of the proposed survey questionnaire on the following web page: https:// www.fdic.gov/resources/regulations/ federal-register-publications/2023/2023household-survey-questionnaire.pdf. 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 PO 00000 Frm 00037 Fmt 4703 Sfmt 4703 the information has practical utility; (b) the accuracy of the estimates of the burden of the information collections, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. All comments will become a matter of public record. Federal Deposit Insurance Corporation. Dated at Washington, DC, on November 7, 2022. James P. Sheesley, Assistant Executive Secretary. [FR Doc. 2022–24642 Filed 11–10–22; 8:45 am] BILLING CODE 6714–01–P FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board’s Freedom of Information Office at https://www.federalreserve.gov/foia/ request.htm. Interested persons may express their views in writing on the standards enumerated in paragraph 7 of the Act. Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551–0001, not later than November 29, 2022. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Elizabeth J.C. Brennan, West Des Moines, Iowa; to become the largest E:\FR\FM\14NON1.SGM 14NON1

Agencies

[Federal Register Volume 87, Number 218 (Monday, November 14, 2022)]
[Notices]
[Pages 68155-68156]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-24642]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Revision of 
Information Collection; FDIC National Survey of Unbanked and 
Underbanked Households; Comment Request (3064-0215)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: The FDIC, as part of its obligations under the Paperwork 
Reduction Act of 1995 (PRA), invites the general public and other 
Federal agencies to take this opportunity to comment on the survey 
collection instrument for its eighth biennial survey of households, 
which has been renamed the FDIC National Survey of Unbanked and 
Underbanked Households (Household Survey). This survey was previously 
named the Survey of Household Use of Banking and Financial Services and 
is assigned OMB Control No. 3064-0215. The 2023 Household Survey is 
scheduled to be conducted in partnership with the U.S. Census Bureau as 
a supplement to its June 2023 Current Population Survey (CPS). The 
survey collects information on U.S. households' use of bank accounts, 
prepaid cards, nonbank online payment services and other nonbank 
financial transaction services, and bank and nonbank credit. The 
results of these biennial surveys will be published by the FDIC, and 
help inform policymakers, bankers, and researchers about bank account 
ownership and household use of the banking system and nonbank financial 
products and services to meet their financial needs.

DATES: Comments must be submitted on or before January 13, 2023.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     Agency Website: https://www.fdic.gov/resources/regulations/federal-register-publications/.
     Email: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Manny Cabeza (202-898-3767), Regulatory Counsel, MB-
3128, 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 17th Street NW building (located on F Street 
NW) on business days between 7:00 a.m. and 5:00 p.m.

[[Page 68156]]

    All comments should refer to ``Household Survey.'' A copy of the 
comments may also be submitted to the OMB desk officer for the FDIC: 
Office of Information and Regulatory Affairs, Office of Management and 
Budget, New Executive Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Regulatory Counsel, 202-
898-3767, [email protected], MB-3128, Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: The FDIC is requesting OMB approval for the 
following collection of information:
    Title: FDIC National Survey of Unbanked and Underbanked Households.
    OMB Number: 3064-0215.
    Frequency of Response: Once.
    Affected Public: Individuals residing in U.S. Households.
    Estimated Number of Respondents: 40,000.
    Average Time per Response: 9 minutes (0.15 hours) per respondent.
    Estimated Total Annual Burden: 6,000 hours.
    General Description of Collection: The FDIC is committed to 
expanding Americans' access to safe, secure, and affordable banking 
services, which is integral to the FDIC's mission of maintaining the 
stability of and public confidence in the U.S. financial system. The 
FDIC National Survey of Unbanked and Underbanked Households (Household 
Survey) is one contribution to this end. The Household Survey is also a 
key component of the FDIC's compliance 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 collects information on bank account ownership 
which provides a factual basis for measuring the number and percentage 
of households that are unbanked. The Household Survey is the only 
population-representative survey conducted at the national level that 
provides state-level estimates of the size and characteristics of 
unbanked households for all 50 states and the District of Columbia. The 
Household Survey also collects information from unbanked households 
about the reasons that they do not have a bank account and their 
interest in having a bank account. Increasingly, financial products and 
services are provided by nonbanks, many through the use of a mobile 
phone app. Households are selecting different combinations of bank and 
nonbank financial products and services to meet their core financial 
needs. Consequently, the Household Survey collects information on 
whether and how households use a wide range of bank and nonbank 
financial products and services.
    To obtain this information, the FDIC partners with the U.S. Census 
Bureau, which administers the Household Survey supplement (FDIC 
Supplement) to households that participate in the Current Population 
Survey (CPS). The supplement has been administered every other year 
since January 2009. The previous survey questionnaires and survey 
results can be accessed through the following link: https://fdic.gov/analysis/household-survey.
    Consistent with the statutory mandate to conduct the surveys on an 
ongoing basis, the FDIC already has in place arrangements for 
conducting the eighth Household Survey as a supplement to the June 2023 
CPS. Prior to finalizing the 2023 survey questionnaire, 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. Interested 
members of the public may obtain a copy of the proposed survey 
questionnaire on the following web page: https://www.fdic.gov/resources/regulations/federal-register-publications/2023/2023-household-survey-questionnaire.pdf.

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 collections, 
including the validity of the methodology and assumptions used; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. All 
comments will become a matter of public record.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on November 7, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-24642 Filed 11-10-22; 8:45 am]
BILLING CODE 6714-01-P
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