[Federal Register Volume 64, Number 196 (Tuesday, October 12, 1999)] [Notices] [Pages 55231-55232] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 99-26499] ----------------------------------------------------------------------- DEPARTMENT OF COMMERCE Census Bureau Quarterly Survey of the Finances of Public-Employee Retirement Systems
Action
Proposed collection; comment request.
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Summary
The Department of Commerce, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)).
Dates
Written comments must be submitted on or before December 13, 1999.
Addresses
Direct all written comments to Linda Engelmeier, Departmental Forms Clearance Officer, Department of Commerce, Room 5027, 14th and Constitution Avenue, NW, Washington, DC 20230 (or via the Internet at LEngelme@doc.gov).
For Further Information Contact
Requests for additional information or copies of the information collection instrument(s) and instructions should be directed to Russell Price, Acting Chief, Finance Branch, Governments Division, U.S. Bureau of the Census, Washington, DC 20233- 6800 (301-457-1488).
Supplementary Information
I. Abstract
This quarterly survey was initiated by the Census Bureau in 1968 at the request of both the Council of Economic Advisors and the Federal Reserve Board. It gathers data on the assets of the 102 largest state and local government public-employee retirement systems. These systems hold over $1.5 trillion in assets, which represent approximately 80 percent of all state and local government public employee retirement system assets. These important data are used by the Federal Reserve Board to track the public sector portion of the flow of funds accounts. The Bureau of Economic Analysis uses the data on corporate stock holdings to estimate dividends received by State and local government public employee retirement systems. These estimates, in turn, are used as a component in developing the national income and product accounts. In our planned submission for review of this collection, we will request an extension of the expiration date and will
make minor formatting changes to the data collection instrument.
II. Method of Collection
This is a mail canvass survey. Responses are screened manually and then entered on a microcomputer. No statistical methods are used to calculate the data. In those rare instances when we are not able to obtain a response, estimates are made for nonrespondents by using: A. Historical data for the same system. B. Latest available annual data. C. Estimates received by telephone calls to respondents.
III. Data
OMB Number: 0607-0143. Form Number: F-10. Type of Review: Regular. Affected Public: State and local governments. Estimated Number of Respondents: 102. Estimated Time Per Response: 1 hour. Estimated Total Annual Burden Hours: 408 hours. Estimated Total Annual Cost: The estimated cost to the respondents is $7,156. Respondent's Obligation: Voluntary. Legal Authority: Title 13 U.S.C., Section 182.
IV. Request for Comments
Comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency's estimate of the burden (including hours and cost) of the proposed collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval of this information collection; they also will become a matter of public record.
Dated: October 6, 1999. Linda Engelmeier, Departmental Forms Clearance Officer, Office of the Chief Information Officer. [FR Doc. 99-26499 Filed 10-8-99; 8:45 am] BILLING CODE 3510-07-P