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[Federal Register Volume 90, Number 7 (Monday, January 13, 2025)]
[Notices]
[Pages 2699-2700]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-00502]

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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0215]

Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The FDIC, as part of its obligations under the Paperwork 
Reduction Act of 1995, invites the public and other Federal agencies to 
take this opportunity to comment on the request to renew the existing 
information collections described below (OMB Control No. 3064-0215). 
The notice of proposed renewal for this information collection was 
previously published in the Federal Register on October 25, 2024, 
allowing for a 60-day comment period.

DATES: Comments must be submitted on or before February 12, 2025.

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 a.m. and 5 p.m.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to www.reginfo.gov/public/do/PRAMain. Find this particular information 
collection by selecting ``Currently under 30-day Review--Open for 
Public Comments'' or by using the search function.

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 
Household Survey is one avenue by which the FDIC responds to a 
congressional mandate contained in section 7 of the Federal Deposit 
Insurance Reform Conforming Amendments Act of 2005 (Reform Act) (Pub. 
L. 109-173) 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

[[Page 2700]]

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. It 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.
    Nonbank financial companies are playing an increasingly important 
role in the provision of financial products and services in the U.S., 
and households may use a variety of bank and nonbank financial products 
and services to meet their 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 under an FDIC-sponsored 
supplement to its Current Population Survey (CPS). The Household Survey 
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 ninth Household Survey as a supplement to the June 2025 
CPS. Prior to finalizing the 2025 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/federal-register-publications/2025-fdic-national-survey-unbanked-and-underbanked-households-draft.

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, 
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 January 7, 2025.
Debra A. Decker,
Executive Secretary.
[FR Doc. 2025-00502 Filed 1-10-25; 8:45 am]
BILLING CODE 6714-01-P
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