Quarterly Financial Report (QFR)

ICR 201905-0607-001

OMB: 0607-0432

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Justification for No Material/Nonsubstantive Change
2019-05-03
Supporting Statement B
2018-07-12
Supporting Statement A
2018-07-12
IC Document Collections
IC ID
Document
Title
Status
37150 Modified
ICR Details
0607-0432 201905-0607-001
Historical Active 201807-0607-001
DOC/CENSUS
Quarterly Financial Report (QFR)
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved with change 06/03/2019
Retrieve Notice of Action (NOA) 05/09/2019
The Census Bureau will continue work toward improving the response rate for the Quarterly Financial Report (QFR) and will provide a report on the efforts they have undertaken and their effects when it submits its next QFR ICR.
  Inventory as of this Action Requested Previously Approved
10/31/2021 10/31/2021 10/31/2021
33,680 0 49,004
80,786 0 107,462
0 0 0

The QFR is the best source of timely financial data for gauging quarterly performance of the non-regulated, domestic corporate sector. Users include: Commerce Department (Gross Domestic Product), Federal Reserve Board (Flow of Funds), The Bureau of Land Management, and the Council of Economic Advisers. The data are collected from a sample of manufacturing, mining, trade, and selected service corporations.

PL: Pub.L. 114 - 72 2 Name of Law: null
   US Code: 13 USC 91 Name of Law: null
  
None

Not associated with rulemaking

  83 FR 8650 02/28/2018
83 FR 34824 07/23/2018
Yes

1
IC Title Form No. Form Name
Quarterly Financial Report (QFR) QFR-201(MG), QFR-300(S), QFR-200(MT) Quarterly Financial Report ,   Quarterly Financial Report ,   Quarterly Financial Report

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 33,680 49,004 0 -15,324 0 0
Annual Time Burden (Hours) 80,786 107,462 0 -26,676 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
The QFR plans to raise the certainty asset cutoff to limit the increasing sample size. In addition, QFR will remove the two smallest strata, 03 and 07, which means the survey will sample companies with assets of $5,000,000 and over instead of $250,000 and over. These changes are necessary because while the economy has continued to grow, the asset and receipt levels used to determine stratum classification have remained fixed. In addition, budget constraints have made the increasing number of companies difficult for staff to review. Implementing the Certainty Sample Improvement will also reduce respondent burden. Removing the smaller strata will reduce respondent burden as well and could improve the overall Unit Response Rate (URR) for QFR.

$5,000,000
Yes Part B of Supporting Statement
    No
    No
No
No
No
Uncollected
Brandi Maxson 301 763-7405

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
05/09/2019


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