[Federal Register Volume 61, Number 196 (Tuesday, October 8, 1996)]
[Notices]
[Pages 52773-52774]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-25669]


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DEPARTMENT OF COMMERCE

Bureau of the Census


Quarterly Survey of the Finances of Public Employee Retirement 
Systems

ACTION: Proposed agency information collection activity; Comment 
request.

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SUMMARY: The Department of Commerce, as part of its continuing effort 
to reduce paperwork and respondent burden, invites the general public 
and other Federal agencies to take this opportunity to comment on 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)).

DATES: Written comments must be submitted on or before December 9, 
1996.

ADDRESSES: Direct all written comments to Linda Engelmeier, Acting 
Departmental Forms Clearance Officer, Department of Commerce, Room 
5327, 14th and Constitution Avenue, NW, Washington, DC 20230.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the information collection instrument(s) and instructions 
should be directed to William C. Hulcher, Bureau of the Census, 
Governments Division, Washington, DC 20233-6800, (301) 457-1502.

SUPPLEMENTARY INFORMATION:

I. Abstract

    This quarterly survey was initiated by the Bureau of the Census at 
the request of both the Council of Economic Advisors and the Federal 
Reserve Board. It gathers data on the assets of the 104 largest State 
and local government public employee retirement systems. These systems 
hold over three quarters of a trillion dollars in assets, which 
represents approximately 80 percent of all State and Local government 
public employee retirement system assets.

[[Page 52774]]

These important data are used by the Federal Reserve Board to track the 
public sector portion of the flow of funds accounts. The Bureau of 
Economic Analysis uses the data on corporate stock holdings to estimate 
dividends received by State and local government public employee 
retirement systems. These estimates, in turn, are used as a component 
in developing the national income and product accounts.

II. Method of Collection

    This a mail canvass survey. Responses are screened manually and 
then entered on a microcomputer. No statistical methods are used to 
calculate the data. If those rare instances do occur when we are not 
able to obtain a response, estimates are made for nonrespondents by 
using:

A. Historical data for the same system
B. Latest available annual data
C. Estimates received by telephone calls to respondents

III. Data

    OMB Number: 0607-0143.
    Form Number: F-10.
    Type of Review: Regular.
    Affected Public: State and local governments.
    Estimated Number of Respondents: 104.
    Estimated Time Per Response: 1 hour.
    Estimated Total Annual Burden Hours: 416 hours.
    Estimated Total Annual Cost: The estimated cost to the respondents 
is $6,252.48.The estimated cost to the Federal Government is contained 
in the Annual Surveys of State and Local Government Finance. In total, 
these cost an estimated $2.8 million during FY 1996.
    Respondent's Obligation: Voluntary.
    Legal Authority: Title 13 U.S.C., Section 182.

IV. Request for Comments

    Comments are invited on: (a) Whether the proposed collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information shall have practical 
utility; (b) the accuracy of the agency's estimate of the burden 
(including hours and cost) of the proposed collection of information; 
(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.
    Comments submitted in response to this notice will be summarized 
and/or included in the request for OMB approval of this information 
collection; they also will become a matter of public record.

    Dated: October 2, 1996.
Linda Engelmeier,
Acting Departmental Forms Clearance Officer, Office of Management and 
Organization.
[FR Doc. 96-25669 Filed 10-7-96; 8:45 am]
BILLING CODE 3510-07-P