[Federal Register Volume 73, Number 199 (Tuesday, October 14, 2008)]
[Notices]
[Pages 60674-60675]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-24225]


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DEPARTMENT OF COMMERCE


Submission for OMB Review; Comment Request

    The Department of Commerce will submit 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 Survey of Public Employee Retirement Systems.
    OMB Control Number: 0607-0143.
    Form Number(s): F-10.
    Type of Request: Revision of a currently approved collection.
    Burden Hours: 300.
    Number of Respondents: 100.
    Average Hours per Response: 45 minutes.
    Needs and Uses: Over 2.9 trillion dollars in public-employee 
retirement system assets in the financial markets are controlled by a 
small number of large systems. The 2002 Census of Governments 
identified 2,670 state and local government administered public-
employee retirement systems. The 100 largest systems, as measured by 
the system assets, account for about 90 percent of the total assets of 
all systems. This form is used to collect financial data from these 100 
systems for policy makers and economists to follow the changing 
characteristics of these funds.
    This survey was initiated by the Census Bureau at the request of 
both the Council of Economic Advisors and the Federal Reserve Board. 
The most important information this survey provides is the quarterly 
change in composition of the securities holdings of the public employee 
retirement systems component of the economy. The Federal Reserve Board 
uses these data to track the public sector portion of the flow of funds 
accounts. The Bureau of Economic Analysis uses the quarterly retirement 
information on corporate stock holdings to estimate dividends received 
by state and local government retirement systems that, in turn, are 
used in preparing the national income and product accounts. 
Additionally, these data are a significant part of the information base 
needed to analyze investment trends and help in the formulation of 
governmental economic policies and investment decisions.
    A minor revision is being made to clarify part A.4. Earnings on 
investments. The statement, `The net of gains and losses on the sale of 
investments is reported at 4c' was removed; and the statement `Include 
both realized + unrealized gains (losses)' was added to part A.4.c. Net 
gain or loss on investments.
    Affected Public: State, local or Tribal government.
    Frequency: Quarterly.
    Respondent's Obligation: Voluntary.
    Legal Authority: Title 13 U.S.C., Section 182.
    OMB Desk Officer: Brian Harris-Kojetin, (202) 395-7314.
    Copies of the above information collection proposal can be obtained 
by calling or writing Diana Hynek, Departmental Paperwork Clearance 
Officer, (202) 482-0266, Department of Commerce, Room 6625, 14th and 
Constitution Avenue, NW., Washington, DC 20230 (or via the Internet at 
[email protected]).

[[Page 60675]]

    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to Brian Harris-Kojetin, OMB Desk Officer either by fax (202-395-7245) 
or e-mail ([email protected]).

    Dated: October 7, 2008.
Gwellnar Banks,
Management Analyst, Office of the Chief Information Officer.
 [FR Doc. E8-24225 Filed 10-10-08; 8:45 am]
BILLING CODE 3510-07-P