[Federal Register Volume 64, Number 196 (Tuesday, October 12, 1999)]
[Notices]
[Pages 55231-55232]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-26499]


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

DEPARTMENT OF COMMERCE

Census Bureau


Quarterly Survey of the Finances of Public-Employee Retirement 
Systems

ACTION: Proposed collection; comment request.

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

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 13, 
1999.

ADDRESSES: Direct all written comments to Linda Engelmeier, 
Departmental Forms Clearance Officer, Department of Commerce, Room 
5027, 14th and Constitution Avenue, NW, Washington, DC 20230 (or via 
the Internet at LE[email protected]).

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the information collection instrument(s) and instructions 
should be directed to Russell Price, Acting Chief, Finance Branch, 
Governments Division, U.S. Bureau of the Census, Washington, DC 20233-
6800 (301-457-1488).

SUPPLEMENTARY INFORMATION:

I. Abstract

    This quarterly survey was initiated by the Census Bureau in 1968 at 
the request of both the Council of Economic Advisors and the Federal 
Reserve Board. It gathers data on the assets of the 102 largest state 
and local government public-employee retirement systems. These systems 
hold over $1.5 trillion in assets, which represent approximately 80 
percent of all state and local government public employee retirement 
system assets.
    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.
    In our planned submission for review of this collection, we will 
request an extension of the expiration date and will

[[Page 55232]]

make minor formatting changes to the data collection instrument.

II. Method of Collection

    This is a mail canvass survey. Responses are screened manually and 
then entered on a microcomputer. No statistical methods are used to 
calculate the data. In those rare instances 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: 102.
    Estimated Time Per Response: 1 hour.
    Estimated Total Annual Burden Hours: 408 hours.
    Estimated Total Annual Cost: The estimated cost to the respondents 
is $7,156.
    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 6, 1999.
Linda Engelmeier,
Departmental Forms Clearance Officer, Office of the Chief Information 
Officer.
[FR Doc. 99-26499 Filed 10-8-99; 8:45 am]
BILLING CODE 3510-07-P