[Federal Register Volume 77, Number 79 (Tuesday, April 24, 2012)]
[Notices]
[Page 24458]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-9734]


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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 Financial Report (QFR) Program.
    OMB Control Number: 0607-0432.
    Form Number(s): QFR-200(MT), QFR-201(MG), QFR-300(S).
    Type of Request: Revision of a currently approved collection.
    Burden Hours: 115,111.
    Number of Respondents: 12,574.
    Average Hours per Response: 2 hours and 17 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 the manufacturing, mining, wholesale trade, retail trade, 
information, and professional, scientific, and technical services 
(except legal) sectors. 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.
    The QFR is planning to expand the scope of collection to include, 
along with corporations currently surveyed, additional service sectors. 
The expanded collection will include the real estate and rental and 
leasing (except lessors of nonfinancial intangible assets), 
administrative and support and waste management and remediation 
services, health care and social assistance, and accommodation and food 
services. We plan to begin collecting data for these service sectors 
beginning with the collection of data for fourth quarter of 2012. 
Services represent the largest block of industries in the Gross 
Domestic Product (GDP), about 55 percent of the economy. By expanding 
into these four service sectors, the QFR program can begin providing 
statistics on the financial results and position for important parts of 
the economy for which no current and systematically collected data are 
now 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 the QFR-300 (S) Long Form 
(services).
    Affected Public: Business or other for-profit.
    Frequency: Quarterly.
    Respondent's Obligation: Mandatory.
    Legal Authority: Title 13 U.S.C., 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 Jennifer Jessup, Departmental Paperwork Clearance 
Officer, (202) 482-0336, Department of Commerce, Room 6616, 14th and 
Constitution Avenue NW., Washington, DC 20230 (or via the Internet at 
<a href="/cdn-cgi/l/email-protection#0862626d7b7b7d78486c676b266f677e"><span class="__cf_email__" data-cfemail="553f3f302626202515313a367b323a23">[email protected]</span></a>).
    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 email (<a href="/cdn-cgi/l/email-protection#02606a6370706b7169426d6f602c676d722c656d74"><span class="__cf_email__" data-cfemail="fd9f959c8f8f948e96bd92909fd398928dd39a928b">[email protected]</span></a>).

    Dated: April 17, 2012.
Glenna Mickelson,
Management Analyst, Office of the Chief Information Officer.
[FR Doc. 2012-9734 Filed 4-23-12; 8:45 am]
BILLING CODE 3510-07-P


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