82 FR 22163 - Proposed Collection, Comment Request
DEPARTMENT OF LABOR
Bureau of Labor Statistics Federal Register Volume 82, Issue 91 (May 12, 2017)
Bureau of Labor Statistics
Federal Register Volume 82, Issue 91 (May 12, 2017)
| Page Range | 22163-22164 | |
| FR Document | 2017-09602 |
[Federal Register Volume 82, Number 91 (Friday, May 12, 2017)] [Notices] [Pages 22163-22164] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-09602] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF LABOR Bureau of Labor Statistics Proposed Collection, Comment Request ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The Department of Labor, as part of its continuing effort to reduce paperwork and respondent burden, conducts a pre-clearance consultation program to provide the general public and Federal agencies with an opportunity to comment on proposed and/or continuing collections of information in accordance with the Paperwork Reduction Act of 1995. This program helps to ensure that requested data can be provided in the desired format, reporting burden (time and financial resources) is minimized, collection instruments are clearly understood, and the impact of collection requirements on respondents can be properly assessed. The Bureau of Labor Statistics (BLS) is soliciting comments concerning the proposed extension without change of a currently approved collection for the ``Producer Price Index'' survey. A copy of the proposed information collection request (ICR) can be obtained by contacting the individual listed below in the ADDRESSES section of this notice. DATES: Written comments must be submitted to the office listed in the ADDRESSES section of this notice on or before July 11, 2017. ADDRESSES: Send comments to Nora Kincaid, BLS Clearance Officer, Division of Management Systems, Bureau of Labor Statistics, Room 4080, 2 Massachusetts Avenue NE., Washington, DC 20212. Written comments also may be transmitted by fax to 202-691-5111 (this is not a toll free number). FOR FURTHER INFORMATION CONTACT: Nora Kincaid, BLS Clearance Officer, at 202-691-7628 (this is not a toll free number). (See ADDRESSES section.) SUPPLEMENTARY INFORMATION: I. Background The Producer Price Index (PPI), one of the Nation's leading economic indicators, is used as a measure of price movements, as an indicator of inflationary trends, for inventory valuation, and as a measure of purchasing power of the dollar at the primary-market level. It also is used for market and economic research and as a basis for escalation in long-term contracts and purchase agreements. PPI data provide a description of the magnitude and composition of price change within the economy, and serve a wide range of governmental needs. This family of indexes are closely followed, monthly statistics which are viewed as sensitive indicators of the economic environment. Price data are vital in helping both the President and Congress set fiscal-spending targets. Producer prices are monitored by the Federal Reserve Board Open Market Committee to help decide monetary policy. Federal policy-makers at the Department of Treasury and the Council of Economic Advisors utilize these statistics to help form and evaluate monetary and fiscal measures and to help interpret the general business environment. In addition, it is common to find one or more PPIs, alone or in combination with other measures, used to escalate the delivered price of goods for government purchases. In addition to governmental uses, PPI data are regularly put to use by the private sector. Private industry uses PPI data for contract price adjustment. For one particular method of tax-related Last-In- First-Out (LIFO) inventory accounting, the Internal Revenue [[Page 22164]] Service suggests that firms use PPI data for making calculations. Private businesses make extensive use of industrial-price data for planning and operations. Price trends are used to assess the condition of markets. Firms commonly compare the prices they pay for material inputs as well as prices they receive for products that they make and sell with changes in similar PPIs. Economic researchers and forecasters also put the PPI to regular use. PPIs are widely used to probe and measure the interaction of market forces. Some examples of research topics that require extensive price data include: The identification of varying price elasticities and the degree of cost pass-through in the economy, the identification of potential lead and lag structures among price changes, and the identification of prices which exert major impacts throughout market structures. II. Current Action Office of Management and Budget clearance is being sought for the PPI survey. The PPI collection is not a one-time project with an end date. The purpose of the PPI collection is to accumulate data for the ongoing, monthly publication of the PPI family of indexes. The Bureau of Labor Statistics must continue collecting data for the PPI since both policy and business planning are affected by the completeness of the description of price trends. Dollar-denominated measures of economic performance, such as Gross Domestic Product, require accurate price data in order to convert nominal to constant-dollar values. Inflation- free national income accounting figures are vital to fiscal and monetary policy-makers when setting objectives and targets. It is conservatively estimated that hundreds-of-billions of dollars' worth of contracts and purchase agreements employ PPIs as part of price- adjustment clauses. Failure to calculate data would tend to extend the time frame required for accurate recognition of and appropriate adaptation to economic events. III. Desired Focus of Comments The Bureau of Labor Statistics is particularly interested in comments that:Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility. Evaluate the accuracy of the agency's estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used. Enhance the quality, utility, and clarity of the information to be collected. Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submissions of responses. Type of Review: Extension without change of a currently approved collection. Agency: Bureau of Labor Statistics. Title: Producer Price Index Survey. OMB Number: 1220-0008. Affected Public: Private Sector. ---------------------------------------------------------------------------------------------------------------- Average time Estimated Form Total Frequency Total per response total burden respondents responses (minutes) (hours) ---------------------------------------------------------------------------------------------------------------- BLS 1810A, A1, B, C, C1, and 5,836 once.............. 5,836 120 11,672 E. BLS 473P.................... 20,600 monthly........... * 1,122,000 5 93,500 ----------------------------------------------------------------------------------- Totals.................. 26,436 .................. 1,127,836 .............. 105,172 ---------------------------------------------------------------------------------------------------------------- * For monthly repricing, PPI requests repricing of 93,500 items each month. Total Burden Cost (capital/startup): $0. Total Burden Cost (operating/maintenance): $0. Comments submitted in response to this notice will be summarized and/or included in the request for Office of Management and Budget approval of the information collection request; they also will become a matter of public record. Signed at Washington, DC, this 19th day of April 2017. Kimberley D. Hill, Chief, Division of Management Systems, Bureau of Labor Statistics. [FR Doc. 2017-09602 Filed 5-11-17; 8:45 am] BILLING CODE 4510-24-P
![Federal Register / Vol. 82, No. 91 / Friday, May 12, 2017 / Notices 22163
categories: Expirations of sentence, NPS–1B(T) form. Data collection collection for the ‘‘Producer Price
commutations, other conditional conducted in 2019 and 2020 will Index’’ survey. A copy of the proposed
releases, probations, supervised require each respondent to spend an information collection request (ICR) can
mandatory releases, paroles, other average of 6.5 total hours to respond to be obtained by contacting the individual
conditional releases, deaths by cause, the NPS–1B form. 5 respondents, each listed below in the ADDRESSES section of
AWOLs, escapes, transfers to other taking an average of 2 hours to respond this notice.
jurisdictions, and releases to appeal or to the NPS–1B(T) form. The burden DATES: Written comments must be
bond; estimates are based on feedback from submitted to the office listed in the
(e) Number of inmates under respondents, and the burden for data ADDRESSES section of this notice on or
jurisdiction on December 31 by race and collected in 2019 and 2020 remains the before July 11, 2017.
Hispanic origin; same as the previous clearance. The ADDRESSES: Send comments to Nora
(f) Number of inmates under physical burden for data collected in 2018 Kincaid, BLS Clearance Officer,
custody on December 31 classified as increased due to the addition of Division of Management Systems,
non-citizens of the U.S. with maximum questions disaggregating the number of Bureau of Labor Statistics, Room 4080,
sentences of more than one year, one non-citizen in custody by sentence 2 Massachusetts Avenue NE.,
year or less; and unsentenced inmates; length and the source of these data. Washington, DC 20212. Written
(g) Number of inmates under physical 6. An estimate of the total public
comments also may be transmitted by
custody who are under 18 years of age; burden (in hours) associated with the
fax to 202–691–5111 (this is not a toll
(h) Testing of incoming inmates for collection: There is an estimated 1,050
free number).
HIV; and HIV infection and AIDS cases total burden hours associated with this
on December 31; and FOR FURTHER INFORMATION CONTACT:
collection for the three years of data
(i) The aggregated rated, operational, collection, or approximately 350 hours Nora Kincaid, BLS Clearance Officer, at
and/or design capacities, by sex, of the for each year. 202–691–7628 (this is not a toll free
state/BOP’s correctional facilities at If additional information is required number). (See ADDRESSES section.)
year-end. contact: Melody Braswell, Department SUPPLEMENTARY INFORMATION:
For the NPS–1B(T) form, five central Clearance Officer, United States I. Background
reporters from the U.S. Territories and Department of Justice, Justice
Commonwealths of Guam, Puerto Rico, Management Division, Policy and The Producer Price Index (PPI), one of
the Northern Mariana Islands, the Virgin Planning Staff, Two Constitution the Nation’s leading economic
Islands, and American Samoa will be Square, 145 N Street NE., 3E.405A, indicators, is used as a measure of price
asked to provide information for the Washington, DC 20530. movements, as an indicator of
following categories for the calendar inflationary trends, for inventory
Dated: May 9, 2017. valuation, and as a measure of
year just ended, and, if available, for the
Melody Braswell, purchasing power of the dollar at the
previous calendar year:
(a) As of December 31, the number of Department Clearance Officer for PRA, U.S. primary-market level. It also is used for
Department of Justice. market and economic research and as a
male and female inmates within their
[FR Doc. 2017–09651 Filed 5–11–17; 8:45 am] basis for escalation in long-term
custody and under their jurisdiction
with maximum sentences of more than BILLING CODE 4410–18–P contracts and purchase agreements.
one year, one year or less; and PPI data provide a description of the
unsentenced inmates; and an magnitude and composition of price
assessment of the completeness of these DEPARTMENT OF LABOR change within the economy, and serve
counts (complete, partial, or estimated) a wide range of governmental needs.
(b) The number of inmates under Bureau of Labor Statistics This family of indexes are closely
jurisdiction on December 31 but in the followed, monthly statistics which are
Proposed Collection, Comment viewed as sensitive indicators of the
custody of facilities operated by other Request
jurisdictions’ authorities solely to economic environment. Price data are
reduce prison overcrowding; ACTION: Notice. vital in helping both the President and
(c) Number of inmates under Congress set fiscal-spending targets.
jurisdiction on December 31 by race and SUMMARY: The Department of Labor, as Producer prices are monitored by the
Hispanic origin; part of its continuing effort to reduce Federal Reserve Board Open Market
(d) The aggregated rated, operational, paperwork and respondent burden, Committee to help decide monetary
and/or design capacities, by sex, of the conducts a pre-clearance consultation policy. Federal policy-makers at the
territory’s/Commonwealth’s correctional program to provide the general public Department of Treasury and the Council
facilities at year-end. and Federal agencies with an of Economic Advisors utilize these
The Bureau of Justice Statistics uses opportunity to comment on proposed statistics to help form and evaluate
this information in published reports and/or continuing collections of monetary and fiscal measures and to
and for the U.S. Congress, Executive information in accordance with the help interpret the general business
Office of the President, practitioners, Paperwork Reduction Act of 1995. This environment. In addition, it is common
researchers, students, the media, and program helps to ensure that requested to find one or more PPIs, alone or in
others interested in criminal justice data can be provided in the desired combination with other measures, used
statistics. format, reporting burden (time and to escalate the delivered price of goods
5. An estimate of the total number of financial resources) is minimized, for government purchases.
mstockstill on DSK30JT082PROD with NOTICES
respondents and the amount of time collection instruments are clearly In addition to governmental uses, PPI
estimated for an average respondent to understood, and the impact of collection data are regularly put to use by the
respond: During data collection in 2018, requirements on respondents can be private sector. Private industry uses PPI
51 respondents will each take an properly assessed. The Bureau of Labor data for contract price adjustment. For
average of 7 hours to complete the NPS– Statistics (BLS) is soliciting comments one particular method of tax-related
1B and 5 respondents will each taking concerning the proposed extension Last-In-First-Out (LIFO) inventory
an average of 2 hours to respond to the without change of a currently approved accounting, the Internal Revenue
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![22164 Federal Register / Vol. 82, No. 91 / Friday, May 12, 2017 / Notices
Service suggests that firms use PPI data of the PPI collection is to accumulate for the proper performance of the
for making calculations. Private data for the ongoing, monthly functions of the agency, including
businesses make extensive use of publication of the PPI family of indexes. whether the information will have
industrial-price data for planning and The Bureau of Labor Statistics must practical utility.
operations. Price trends are used to continue collecting data for the PPI • Evaluate the accuracy of the
assess the condition of markets. Firms since both policy and business planning agency’s estimate of the burden of the
commonly compare the prices they pay are affected by the completeness of the proposed collection of information,
for material inputs as well as prices they description of price trends. Dollar- including the validity of the
receive for products that they make and denominated measures of economic methodology and assumptions used.
sell with changes in similar PPIs. performance, such as Gross Domestic
Economic researchers and forecasters Product, require accurate price data in • Enhance the quality, utility, and
also put the PPI to regular use. PPIs are order to convert nominal to constant- clarity of the information to be
widely used to probe and measure the dollar values. Inflation-free national collected.
interaction of market forces. Some income accounting figures are vital to • Minimize the burden of the
examples of research topics that require fiscal and monetary policy-makers when collection of information on those who
extensive price data include: The setting objectives and targets. It is are to respond, including through the
identification of varying price conservatively estimated that hundreds- use of appropriate automated,
elasticities and the degree of cost pass- of-billions of dollars’ worth of contracts electronic, mechanical, or other
through in the economy, the and purchase agreements employ PPIs technological collection techniques or
identification of potential lead and lag as part of price-adjustment clauses. other forms of information technology,
structures among price changes, and the Failure to calculate data would tend to e.g., permitting electronic submissions
identification of prices which exert extend the time frame required for of responses.
major impacts throughout market accurate recognition of and appropriate
Type of Review: Extension without
structures. adaptation to economic events.
change of a currently approved
II. Current Action III. Desired Focus of Comments collection.
Office of Management and Budget The Bureau of Labor Statistics is Agency: Bureau of Labor Statistics.
clearance is being sought for the PPI particularly interested in comments Title: Producer Price Index Survey.
survey. that:
The PPI collection is not a one-time • Evaluate whether the proposed OMB Number: 1220–0008.
project with an end date. The purpose collection of information is necessary Affected Public: Private Sector.
Average Estimated
Total Total time per total
Form Frequency
respondents responses response burden
(minutes) (hours)
BLS 1810A, A1, B, C, C1, and E ........................................ 5,836 once ............... 5,836 120 11,672
BLS 473P ............................................................................ 20,600 monthly .......... * 1,122,000 5 93,500
Totals ............................................................................ 26,436 ........................ 1,127,836 ........................ 105,172
* For monthly repricing, PPI requests repricing of 93,500 items each month.
Total Burden Cost (capital/startup): NATIONAL FOUNDATION ON THE by 5:00 p.m. on the dates specified
$0. ARTS AND THE HUMANITIES below.
Total Burden Cost (operating/ ADDRESSES: The meetings will be held at
National Endowment for the
maintenance): $0. Constitution Center at 400 7th Street
Humanities
Comments submitted in response to SW., Washington, DC 20506, unless
this notice will be summarized and/or Meetings of Humanities Panel otherwise indicated.
included in the request for Office of FOR FURTHER INFORMATION CONTACT:
Management and Budget approval of the AGENCY: National Endowment for the Elizabeth Voyatzis, Committee
Humanities, National Foundation on the Management Officer, 400 7th Street
information collection request; they also
Arts and the Humanities. SW., Room 4060, Washington, DC
will become a matter of public record.
ACTION: Notice of meetings. 20506; (202) 606–8322; evoyatzis@
Signed at Washington, DC, this 19th day of neh.gov.
April 2017. SUMMARY: The National Endowment for SUPPLEMENTARY INFORMATION: Pursuant
Kimberley D. Hill, the Humanities will hold six meetings to section 10(a)(2) of the Federal
Chief, Division of Management Systems, of the Humanities Panel, a federal Advisory Committee Act (5 U.S.C.
Bureau of Labor Statistics. advisory committee, during June, 2017. App.), notice is hereby given of the
[FR Doc. 2017–09602 Filed 5–11–17; 8:45 am] The purpose of the meetings is for panel following meetings:
review, discussion, evaluation, and 1. Date: June 26, 2017.
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BILLING CODE 4510–24–P
recommendation of applications for This meeting will discuss
financial assistance under the National applications on the subjects of the
Foundation on the Arts and Humanities Classics, Philosophy, Religion, and
Act of 1965. European History, for NEH-Mellon
DATES: See SUPPLEMENTARY INFORMATION Fellowships for Digital Publication,
section for meeting dates. The meetings submitted to the Division of Research
will open at 8:30 a.m. and will adjourn Programs.
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Document Created: 2017-05-12 01:09:33
Document Modified: 2017-05-12 01:09:33
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice. | |
| Dates | Written comments must be submitted to the office listed in the | |
| Contact | Nora Kincaid, BLS Clearance Officer, | |
| FR Citation | 82 FR 22163 |
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