[Federal Register Volume 74, Number 85 (Tuesday, May 5, 2009)]
[Notices]
[Page 20671]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-10249]


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 Notices
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 This section of the FEDERAL REGISTER contains documents other than rules 
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  Federal Register / Vol. 74, No. 85 / Tuesday, May 5, 2009 / Notices  

[[Page 20671]]



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 Financial Report.
    Form Number(s): QFR-200(MT), QFR-300(S), QFR-201(MG).
    OMB Control Number: 0607-0432.
    Type of Request: Revision of a currently approved collection.
    Burden Hours: 92,268.
    Number of Respondents: 10,707.
    Average Hours per Response: 2 hours and 9 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. The program currently collects and publishes financial data 
for manufacturing, mining, wholesale and retail trade corporations. The 
survey is a principal economic indicator that 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 109-79, section 91 extended the authority of the 
Secretary of Commerce to conduct the QFR program through September 30, 
2015.
    This request is for a revision of the currently approved 
collection. The change from the previous QFR authorization is to 
collect data for selected services industries beginning with data for 
the third quarter of 2009. The proposed expansion includes all 3-digit 
industries in the Information sector, and all 4-digit industries, with 
the exception of legal services, in the Professional, Scientific, and 
Technical Services sector. The services sector is the largest sector in 
the Gross Domestic Product (GDP), representing about 55 percent of the 
economy. By expanding to selected service industries, the QFR program 
can begin providing statistics on the financial results and position 
for important parts of the services sector for which no data are 
currently available.
    The survey forms used to conduct the QFR are: QFR-200 (MT) Long 
Form (manufacturing, mining, wholesale trade, and retail trade); QFR-
201 (MG) Short Form (manufacturing); and a new form, QFR-300 (S) Long 
Form (services). The QFR-200 (MT) and QFR-201 (MG) have been updated to 
improve usability for respondents.
    The primary purpose of the QFR is to provide timely, accurate data 
on business financial conditions for use by Government and private-
sector organizations and individuals.
    Affected Public: Business or other for-profit.
    Frequency: Quarterly.
    Respondent's Obligation: Mandatory.
    Legal Authority: Title 13 U.S.C., section 91; Public Law 109-79, 
section 91.
    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 7845, 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 Brian Harris-Kojetin, OMB Desk Officer either by fax (202-395-7245) 
or e-mail ([email protected]).

    Dated: April 29, 2009.
Glenna Mickelson,
Management Analyst, Office of the Chief Information Officer.
[FR Doc. E9-10249 Filed 5-4-09; 8:45 am]
BILLING CODE 3510-07-P