Fed Keeps Tabs: Currency Flow Surveys Get Three-Year Extension
Published Date: 12/8/2025
Notice
Summary
The Federal Reserve is extending and updating its U.S. Currency Program Surveys for three more years, starting January 7, 2026. This affects banks and businesses that provide currency data, helping the Fed keep track of money quality and flow. No big cost changes are expected, but the updates will keep the surveys fresh and useful.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
New Short-Form Surveys Added
The Board established two new short-form collections: Short-form Currency Program Surveys (FR 3054f) with an estimated 5,000 respondents and Short-form Currency Education Usability Surveys (FR 3054g) with an estimated 4,000 respondents. Each short-form response is estimated at 0.5 hours on average, contributing to the stated total estimated change in burden of 37,525 and total estimated annual burden hours of 58.650.
Long-Form Surveys Renamed and Redesigned
The Board revised long-form collections by renaming Ad Hoc Currency Surveys (FR 3054a) and Currency Education Usability Survey (FR 3054e) to long-form versions, increasing average hours per response for those long forms (for example, FR 3054c and FR 3054d have estimated durations of 30 hours), and adjusting respondent counts and frequencies (e.g., FR 3054a proposed to decrease respondents but increase frequency; FR 3054d corrected to fewer respondents and longer meeting durations).
FR 3054 Extended and Approved
The Federal Reserve approved a three-year extension, with revisions, of the United States Currency Program Surveys (FR 3054), OMB control number 7100-0332. The revisions take effect January 7, 2026 and keep the Board's currency data collections authorized for the extended period.
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