[Federal Register Volume 61, Number 46 (Thursday, March 7, 1996)]
[Notices]
[Pages 9222-9223]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5558]



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

[[Page 9223]]


DEPARTMENT OF TRANSPORTATION
Maritime Administration
OMB No.: 2133-0005


Information Collection Available for Public Comments and 
Recommendations

ACTION: Notice and request for comments.

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

SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this 
notice announces the intention of Maritime Administration (MARAD) to 
request approval of changes to a currently approved information 
collection.

DATES: Comments should be submitted on or before May 6, 1996.

FOR FURTHER INFORMATION CONTACT: Richard J. McDonnell, Director, Office 
of Financial Approvals, Maritime Administration, MAR-580, Room 8114, 
400 Seventh Street, SW., Washington, DC 20590. Telephone: 202-366-5861 
or fax 202-366-7901. Copies of this collection can also be obtained 
from that office.

SUPPLEMENTARY INFORMATION:
    Title of Collection: Uniform Financial Reporting Requirements.
    Type of Request: Approval of changes to a currently approved 
information collection.
    OMB Control Number: 2133-0005.
    Form Number: MA-172.
    Expiration Date of Approval: September 30, 1999.
    Summary of Collection of Information: A form MA-172 consists of a 
balance sheet, an income statement, schedules of debt and equipment, 
and listings of company officers, stockholders, and related parties. In 
order to reduce the burden of the current information collection, the 
MA-172 would be reduced in scope and number of schedules. The 
information in the MA-172 is integral to conventional financial records 
generally kept by all businesses, but is supplemental to their 
financial statements prepared periodically. Therefore, much of the form 
can be satisfied by the information found in the financial statements 
audited by certified public accountants and can be substituted by 
copies of the published data or listings from the company records. 
Thus, the time required to complete a MA-172 can be reduced to an 
efficient gathering of existing documents.
    Need and Use of the Information: MARAD administers financial 
assistance programs promoting the U.S. merchant marine. This 
information collection is in compliance with those program regulations 
requiring financial reporting used in reviews and analyses to determine 
compliance with contractual requirements and to evaluate industry 
financial trends.
    Description of Respondents: Various ship-building and ship-owning 
companies which choose to participate in the Maritime Administration's 
loan guarantee and operating support programs.
    Annual Responses: Presently, 95 participants respond semiannually. 
The number of participants has stabilized after a long period of 
reduction with approximately the same number of new participants 
replacing withdrawing participants. This situation is expected to 
continue indefinitely.
    Annual Burden: Presently, the total annual burden is 2,375 hours 
for 190 responses, 12 hours per response. The total hours should 
decrease when the changes covered by this request for comments are 
implemented. Commenters are requested to include their estimates for 
completing the revised MA-172 information collection.
    Comments: Send all comments regarding this information collection 
to Richard J. McDonnell, Department of Transportation, Maritime 
Administration, MAR-580, Room 8114, 400 Seventh Street, SW., 
Washington, DC 20590. Send comments regarding whether this information 
collection is necessary for proper performance of the function of the 
agency and will have practical utility, accuracy of the burden 
estimate, ways to minimize this burden, and ways to enhance quality, 
utility, and clarity of the information to be collected.


    By Order of the Maritime Administrator.

    Dated: March 4, 1996.
Edmund T. Sommer, Jr.,
Assistant Secretary.
[FR Doc. 96-5558 Filed 3-6-96; 8:45 am]
BILLING CODE 4910-81-P