Quarterly Financial Report (QFR)

Forms and Documents

Document Name	Status
Form QFR-200(MT) Quarterly Financial Report (QFR) Form	Modified
QFR_30dayfrn_published.pdf Supplementary Document	2021-04-15
Attachment E - Title 13 Relevant Sections.pdf Supplementary Document	2021-04-12
QFR_SupportingStatementB_032421.docx Supporting Statement B	2021-04-12
QFR_SupportingStatementA_032421.docx Supporting Statement A	2021-04-12

IC Document Collections

IC ID	Document Title	Status
37150	Quarterly Financial Report (QFR) Form	Modified

ICR Details

OMB Control No: 0607-0432	ICR Reference No: 202104-0607-002
Status: Received in OIRA	Previous ICR Reference No: 201908-0607-002
Agency/Subagency: DOC/CENSUS	Agency Tracking No:
Title: Quarterly Financial Report (QFR)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 04/15/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	10/31/2021
Responses	35,148	33,680
Time Burden (Hours)	84,686	80,786
Cost Burden (Dollars)	0	0

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Abstract: 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.

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Authorizing Statute(s): US Code: 13 USC 91
   PL: Pub.L. 114 - 72 2
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 6863	01/25/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 19872	04/15/2021
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

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

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ICR Summary of Burden

	Total Request	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	35,148	33,680	0	0	1,468	0
Annual Time Burden (Hours)	84,686	80,786	0	0	3,900	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The increase associated with the QFR long forms is due to increased current estimate of active corporations for the manufacturing, mining, trade, and selected service companies. The increase associated with the QFR short form is due increased current estimate of active manufacturing corporations.

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Annual Cost to Federal Government: $5,000,000

Does this IC contain surveys, censuses, or employ statistical methods? Yes Part B of Supporting Statement

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 04/15/2021

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