Agency Form Under Review by the Office of Management and Budget

DEPARTMENT OF COMMERCE

Agency Form Under Review by the Office of Management and Budget

DOC has submitted 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: Bureau of the Census.

Title: Annual Capital Expenditures Survey

Form Number(s): ACE-1, ACE-2.

Agency Approval Number: none.

Type of Request: New collection.

Burden: 108,500 hours.

Number of Respondents: 45,000.

Avg Hours Per Response: 2 hours 25 minutes.

Needs and Uses: A major concern of economic policymakers is the

adequacy of investment in plant and equipment. Much of the current data

on investment are estimates for broad categories of capital

expenditures with very little or no detail about the investing

industries. Census is proposing a new annual data collection to provide

detail on capital expenditures needed for estimating the national

income and product accounts, estimating productivity of U.S.

industries, evaluating fiscal and monetary policy, and conducting

research using capital expenditures data. In 1991 we conducted a pilot

survey under OMB number 0607-0737 to examine the basic survey design,

forms and content, and survey processing system. We also conducted a

response analysis designed to detect major errors in the forms and

obtain respondents' reactions to individual survey items. We then

collected 1992 data in a preliminary survey with an expanded panel in

order to further test the processing system and survey design. We now

plan to collect 1993 data in a full-scale survey. This request is for

clearance of the full-scale survey. This request if for clearance of

the full-scale survey which includes refinements from the previous

efforts.

Affected Public: Businesses or other for-profit institutions, non-

profit institutions, small businesses or organizations.

Frequency: Annually.

Respondent's Obligation: Mandatory.

OMB Desk Officer: Maria Gonzalez, (202) 395-7313.

Copies of the above information collection proposal can be obtained

by calling or writing Edward Michals, DOC Forms Clearance Officer,

(202) 482-3271, Department of Commerce, room 5312, 14th and

Constitution Avenue, NW, Washington, DC 20230.

Written comments and recommendations for the proposed information

collection should be sent to Maria Gonzalez, OMB Desk Officer, room

3208, New Executive Office Building, Washington, DC 20503.

Dated: February 24, 1994.

Edward Michals,

Departmental Forms Clearance Officer, Office of Management and

Organization.

[FR Doc. 94-4619 Filed 2-28-94; 8:45 am]

BILLING CODE 3510-07-F