[Federal Register Volume 66, Number 98 (Monday, May 21, 2001)]
[Notices]
[Pages 27936-27937]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-12672]


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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: U.S. Census Bureau.
    Title: Quarterly Financial Reports (QFR) Program.
    Form Number(s): QFR-101(MG), 101A(MG), 102(TR), 103(NB).
    Agency Approval Number: 0607-0432.
    Type of Request: Extension of a currently approved collection.
    Burden: 77,708 hours.
    Number of Respondents: 13,125.
    Avg Hours Per Response: 2 hours and 3 minutes.
    Needs and Uses: The QFR Program has published up-to-date aggregate 
statistics on the financial results and position of U.S. corporations 
since 1947. It is a principal economic indicator that also provides 
financial data essential to calculation of key U.S. Government measures 
of national economic performance. The importance of this data 
collection is reflected by the granting of specific authority to 
conduct the program in Title 13 of the United States Code, Section 91, 
which requires that financial statistics of business operations be 
collected and published quarterly. Public Law 105-252 extended the 
authority of the Secretary of Commerce to conduct the QFR Program under 
Section 91 through September 30, 2005.
    The QFR is scheduled to convert to the North American Industry 
Classification System (NAICS) in April 2002 with the publication of the 
fourth quarter 2001 data. With the adoption of the NAICS, a number of 
industries currently covered by QFR under the Standard Industrial 
Classification (SIC) system will be out of scope. Specifically, QFR 
will no longer collect

[[Page 27937]]

data from companies primarily engaged in Publishing and Printing, 
except Commercial Printing; Logging; and Eating and Drinking Places. 
Publishing and Printing was moved to the NAICS Information sector; 
Logging to the Agriculture, Forestry; Fishing, and Hunting sector; 
Eating and Drinking Places to the Accommodation and Food Services 
sector. This request is for extension of the current OMB approval.
    Affected Public: Businesses or other for-profit organizations.
    Frequency: Quarterly and annually.
    Respondent's Obligation: Mandatory.
    Legal Authority: Title 13 USC, Section 91; P.L. 105-252.
    OMB Desk Officer: Susan Schechter, (202) 395-5103.
    Copies of the above information collection proposal can be obtained 
by calling or writing Madeleine Clayton, Departmental Paperwork 
Clearance Officer, (202) 482-3129, Department of Commerce, room 6086, 
14th and Constitution Avenue, NW, Washington, DC 20230 (or via the 
Internet at [email protected]).
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to Susan Schechter, OMB Desk Officer, room 10201, New Executive Office 
Building, Washington, DC 20503.

    Dated: May 15, 2001.
Madeleine Clayton,
Departmental Paperwork Clearance Officer, Office of the Chief 
Information Officer.
[FR Doc. 01-12672 Filed 5-18-01; 8:45 am]
BILLING CODE 3510-07-U