[Federal Register Volume 62, Number 120 (Monday, June 23, 1997)]
[Notices]
[Pages 33827-33828]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-16312]


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DEPARTMENT OF COMMERCE


Submission for OMB Review; Comment Request

    DOC has submitted to the Office of Management and Budget (OMB) for 
clearance the following proposal for collection of information under 
the provisions of the Paperwork Reduction Act (44 U.S.C. chapter 35).
    Agency: Bureau of the Census.
    Title: Quarterly Financial Reports (QFR).
    Form Number(s): QFR-101(MG), QFR-101A(MG), QFR-102(TR), QFR-
103(NB).
    Agency Approval Number: 0607-0432.
    Type of Request: Revision of a currently approved collection.
    Burden: 79,524 hours.
    Number of Respondents: 13,450.
    Avg. Hours Per Response: 2.034 hours.
    Needs and Uses: The QFR program is a principal economic indicator 
that also provides financial data essential to calculation of key 
government measures of national economic performance. The QFR program 
provides timely, accurate data on business financial conditions for 
gauging quarterly performance of the nonregulated, domestic corporate 
sector for use by government and private-sector organizations and 
individuals. Primary users of QFR data are governmental organizations 
charged with economic policymaking responsibilities. Other data users 
include foreign countries, universities, financial analysts, unions, 
trade associations, public libraries, banking institutions, and U.S. 
and foreign corporations.
    The Bureau of the Census requests approval to revise three of four 
data collection forms it uses in its Quarterly

[[Page 33828]]

Financial Report (QFR) Program. QFR Forms QFR-101(MG)--long form, QFR-
102(TR)--long form, and QFR-101A(MG)--short form are being revised. 
Form QFR-103(NB)--Nature of Business Report will not be revised. The 
purpose of these revisions is to bring the data collection forms up-to-
date from an accounting and financial statement presentation viewpoint 
and to provide more meaningful data to users. These forms have not been 
substantially revised since their introduction in 1973.
    Affected Public: Business or other for-profit.
    Frequency: Quarterly (QFR-101, 101A and 102); Annually (QFR-103).
    Respondent's Obligation: Mandatory.
    Legal Authority: Title 13 USC, Section 91.
    OMB Desk Officer: Jerry Coffey, (202) 395-7314.
    Copies of the above information collection proposal can be obtained 
by calling or writing Linda Engelmeier, DOC Forms Clearance Officer, 
(202) 482-3272, Department of Commerce, room 5312, 14th and 
Constitution Avenue, NW., Washington, DC 20230.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to Jerry Coffey, OMB Desk Officer, room 10201, New Executive Office 
Building, Washington, DC 20503.

    Dated: June 17, 1997.
Madeleine Clayton,
Management Analyst, Office of Management and Organization.
[FR Doc. 97-16312 Filed 6-20-97; 8:45 am
BILLING CODE 3510-07-P