[Federal Register Volume 80, Number 184 (Wednesday, September 23, 2015)]
[Notices]
[Page 57335]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-24130]


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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 Pensions.
    OMB Control Number: 0607-0143.
    Form Number(s): F-10.
    Type of Request: Extension of a currently approved collection.
    Number of Respondents: 100.
    Average Hours per Response: 45 minutes.
    Burden Hours: 300.
    Needs and Uses: A small number of large retirement systems control 
over 3.3 trillion dollars in public pension assets in the financial 
markets. In the process of preparing the frame for the 2012 Census of 
Governments, 3,992 public retirement systems administered by state and 
local governments were identified. The 100 largest systems, as measured 
by the system assets, account for about 87.2 percent of the total 
assets of all systems, based on the 2012 Census of Governments. The 
Quarterly Survey of Public Pensions is used to collect data on the 
assets, revenues, and expenditures of these 100 systems enabling policy 
makers and economists to follow the changing characteristics of these 
funds. 100 units are selected in an attempt to balance timeliness, 
respondent burden, workload, and data quality. The survey provides a 
more timely subset of the data presented in the Annual Survey of 
Public-Employee Pension Systems. Both Surveys are part of the Census 
Bureau's Government Finance program.
    The U.S. Census Bureau initiated this survey in 1968 at the request 
of both the Council of Economic Advisers and the Federal Reserve Board. 
The most important information this survey provides is the quarterly 
change in composition of the securities holdings of the defined benefit 
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 
(BEA) uses these data 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, the data are used 
by a variety of government officials, academics, students, and non-
profit organizations to analyze trends in public employee retirement 
and the impact of retirement obligations on the fiscal well-being of 
state and local governments. Media that serve investment and public 
policy audiences routinely report on the quarterly data release, 
further disseminating the data.
    Affected Public: State, local or tribal government.
    Frequency: Quarterly.
    Respondent's Obligation: Voluntary.
    Legal Authority: 13 U.S.C. Sections 161 and 182.
    This information collection request may be viewed at 
www.reginfo.gov. Follow the instructions to view Department of Commerce 
collections currently under review by OMB.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to [email protected] or fax to (202) 395-5806.

Sheleen Dumas,
PRA Lead, Office of the Chief Information Officer.
[FR Doc. 2015-24130 Filed 9-22-15; 8:45 am]
 BILLING CODE 3510-07-P