Intermittent Survey of Businesses

OMB Control No: 7100-0302	ICR Reference No: 201309-7100-004
Status: Historical Active	Previous ICR Reference No: 201006-7100-002
Agency/Subagency: FRS	Agency Tracking No: FR 1374
Title: Intermittent Survey of Businesses
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/04/2014
Retrieve Notice of Action (NOA)	Date Received in OIRA: 02/04/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2017	36 Months From Approved	03/31/2014
Responses	7,300	0	820
Time Burden (Hours)	1,825	0	205
Cost Burden (Dollars)	0	0	0

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Abstract: The survey data are used by the Federal Reserve to gather information that is specifically tailored to the Federal Reserve's policy and operational responsibilities. There are two parts to this event-generated survey. First, the Federal Reserve Banks survey business contacts as economic developments warrant. The frequency and content of the questions, as well as the entities contacted, vary depending on developments in the economy. Second, the Board surveys business contacts inquiring about current business conditions.

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Authorizing Statute(s): US Code: 12 USC 225a and 263 Name of Law: Federal Reserve Act    US Code: 5 USC 552(b)(4) Name of Law: Freedom of Information Act

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 45193	07/26/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 62016	10/11/2013
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title Form No. Form Name Intermittent Survey of Businesses- Reserve Bank Intermittent Survey of Businesses - Board

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ICR Summary of Burden

	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	7,300	820	0	6,480	0	0
Annual Time Burden (Hours)	1,825	205	0	1,620	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The Federal Reserve proposes to increase the permitted number of respondents for the Reserve Bank part of the survey from 240 to 2,400 (an average of 200 per Reserve Bank). Reserve Banks are not required to increase their respondent count, and it is anticipated that a Bank's respondent count will vary both with the nature of the questions asked and the means used to collect responses (e.g., telephone versus online survey tools). The Board part of the survey would remain unchanged.

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Annual Cost to Federal Government: $135,225

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Lois Lawrence 202-452-2984 [email protected]

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Common Form ICR:  No

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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:
		(a) It is necessary for the proper performance of agency functions;
		(b) It avoids unnecessary duplication;
		(c) It reduces burden on small entities;
		(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
		(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
		(f) It indicates the retention periods for recordkeeping requirements;
		(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
			(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;
		(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
		(i) It uses effective and efficient statistical survey methodology (if applicable); and
		(j) It makes appropriate use of information technology.
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.
Certification Date: 02/04/2014

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