Proposed Collection, Comment Request, 4011-4012 [E8-1063]

Download as PDF Federal Register / Vol. 73, No. 15 / Wednesday, January 23, 2008 / Notices VII. Agency Contacts For further information regarding this SGA, please contact Ariam Ferro, Grants Management Specialist, Division of Federal Assistance, at (202) 693–3968 (This is not a toll-free number). Applicants should fax all technical questions to (202) 693–2705 and must specifically address the fax to the attention of Ariam Ferro and should include SGA/DFA PY 07–07, a contact name, fax and phone number. This announcement is being made available on the ETA Web site at https://www.doleta.gov/sga/sga.cfm and at https://www.grants.gov. Part VIII. Resources and Other Information Resources for the Applicant. DOL maintains a number of web-based resources that may be of assistance to applicants. The webpage for the ETA’s Business Relations Group (https:// www.doleta.gov/BRG) is a valuable source of background on the HGJTI. America’s Service Locator (https:// www.servicelocator.org) provides a directory of our nation’s One-Stop Career Centers. Applicants are encouraged to review ‘‘Understanding the Department of Labor Solicitation for Grant Applications and How to Write an Effective Proposal’’ (https://www/ dol.gov/cfbci/sgabrochure.htm). For a basic understanding of the grants process and basic responsibilities of receiving Federal grant support, please see ‘‘Guidance for Faith-Based and Community Organizations on Partnering with the Federal Government (https:// www.fbci.gov). ebenthall on PROD1PC69 with NOTICES Other Information OMB Information Collection No. 1205– 0458 Expires September 30, 2009 According to the Paperwork Reduction Act of 1995, no persons are required to respond to a collection of information unless such collection displays a valid OMB control number. Public reporting burden for this collection of information is estimated to average 20 hours per response, including time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. Send comments regarding the burden estimated or any other aspect of this collection of information, including suggestions for reducing this burden, to the U.S. Department of Labor, the OMB Desk Officer for ETA, Office of Management and Budget, Room 10235, Washington, DC 20503. Please do not VerDate Aug<31>2005 15:17 Jan 22, 2008 Jkt 214001 return the completed application to the Omb. Send it to the sponsoring agency as specified in this solicitation. This information is being collected for the purpose of awarding a grant. The information collected through this SGA will be used by DOL to ensure that grants are awarded to the applicant best suited to perform the functions of the grant. Submission of this information is required in order for the applicant to be considered for award of this grant. Unless otherwise specifically noted in this announcement, information submitted in the respondent’s application is not considered to be confidential. Signed at Washington, DC, this 15th day of January, 2008. Eric D. Luetkenhaus, Grant Officer, Employment and Training Administration. [FR Doc. E8–1061 Filed 1–22–08; 8:45 am] BILLING CODE 4510–FN–P 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 (PRA95) [44 U.S.C. 3506(c) (2)(A)]. 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 March 24, 2008. ADDRESSES: Send comments to Amy A. Hobby, BLS Clearance Officer, Division PO 00000 Frm 00091 Fmt 4703 Sfmt 4703 4011 of Management Systems, Bureau of Labor Statistics, Room 4080, 2 Massachusetts Avenue, NE., Washington, DC 20212, 202–691–7628. (This is not a toll free number.) FOR FURTHER INFORMATION CONTACT: Amy A. Hobby, BLS Clearance Officer, 202–691–7628. (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. Producer Price Index 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 fiscalspending 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 escalation. For one particular method of tax-related Last-InFirst-Out (LIFO) inventory accounting, the Internal Revenue Service suggests that firms use PPI data for making calculations. Private businesses make extensive use of industrial price data for planning and operation. 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 E:\FR\FM\23JAN1.SGM 23JAN1 4012 Federal Register / Vol. 73, No. 15 / Wednesday, January 23, 2008 / Notices extensive price data include: The identification of varying price elasticities and the degree of cost passthrough 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 Producer Price Index 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. Dollardenominated measures of economic performance, such as Gross Domestic Product, require accurate price data in order to convert nominal to constantdollar 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 hundredsof-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. Total respondents Form Frequency • 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. Total responses Average time per response (min) Estimated total burden (hours) BLS 1810A, A1, B, C, C1, and E ........................................... BLS 473P ............................................................................... 6,294 26,250 once ............ monthly ........ 6,294 1,260,000 120 18 12,588 378,000 Totals ............................................................................... 32,544 ..................... 1,266,294 ........................ 390,588 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 16th day of January 2008. Cathy Kazanowski, Chief, Division of Management Systems, Bureau of Labor Statistics. [FR Doc. E8–1063 Filed 1–22–08; 8:45 am] BILLING CODE 4510–24–P NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [Notice 08–008] NASA Advisory Council; Meeting National Aeronautics and Space Administration. ACTION: Notice of meeting. ebenthall on PROD1PC69 with NOTICES AGENCY: SUMMARY: In accordance with the Federal Advisory Committee Act, Public Law 92–463, as amended, the National VerDate Aug<31>2005 15:17 Jan 22, 2008 Jkt 214001 Aeronautics and Space Administration announces a meeting of the NASA Advisory Council. The agenda for the meeting includes updates from each of the Council committees, including discussion and deliberation of potential recommendations. The Council Committees address NASA interests in the following areas: Aeronautics, Audit and Finance, Space Exploration, Human Capital, Science, and Space Operations. DATES: Thursday, February 7, 2008, 9:15 a.m.–5 p.m. ADDRESSES: National Aeronautics and Space Administration, 300 E Street, SW., Rooms 3P44/3P50, James E. Webb Memorial Auditorium (overflow room), NASA Headquarters, Washington, DC 20546. FOR FURTHER INFORMATION CONTACT: Mr. Paul A. Iademarco, Designated Federal Official, National Aeronautics and Space Administration, Washington, DC 20546, 202/358–1318. SUPPLEMENTARY INFORMATION: The meeting will be open to the public up to the seating capacity of the rooms with additional seating capacity in the James E. Webb Auditorium. It is imperative that the meeting be held on this date to accommodate the scheduling priorities of the key participants. Attendees will PO 00000 Frm 00092 Fmt 4703 Sfmt 4703 be required to sign a register and to comply with NASA security requirements, including the presentation of a valid picture ID, before receiving an access badge. All attendees will need to provide the following information to receive an access badge: Full name; gender; date/place of birth; citizenship; employer/affiliation information (name of institution, address, county, phone) and title/ position. Foreign Nationals will need to provide the following additional information; visa/green card information (number, type, expiration date). To expedite admittance, attendees can provide their identifying information in advance by contacting Ms. Marla K. King via e-mail at marla.k.king@nasa.gov or by telephone at (202) 358–1148. Persons with disabilities who require assistance should indicate this. Dated:January 15, 2008. P. Diane Rausch, Advisory Committee Management Officer, National Aeronautics and Space Administration [FR Doc. E8–1070 Filed 1–22–08; 8:45 am] BILLING CODE 7510–13–P E:\FR\FM\23JAN1.SGM 23JAN1

Agencies

[Federal Register Volume 73, Number 15 (Wednesday, January 23, 2008)]
[Notices]
[Pages 4011-4012]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-1063]


-----------------------------------------------------------------------

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 (PRA95) [44 U.S.C. 3506(c) (2)(A)]. 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 March 24, 2008.

ADDRESSES: Send comments to Amy A. Hobby, BLS Clearance Officer, 
Division of Management Systems, Bureau of Labor Statistics, Room 4080, 
2 Massachusetts Avenue, NE., Washington, DC 20212, 202-691-7628. (This 
is not a toll free number.)

FOR FURTHER INFORMATION CONTACT: Amy A. Hobby, BLS Clearance Officer, 
202-691-7628. (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.
    Producer Price Index 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 
escalation. For one particular method of tax-related Last-In-First-Out 
(LIFO) inventory accounting, the Internal Revenue Service suggests that 
firms use PPI data for making calculations. Private businesses make 
extensive use of industrial price data for planning and operation. 
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

[[Page 4012]]

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 
Producer Price Index 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         (min)          (hours)
----------------------------------------------------------------------------------------------------------------
BLS 1810A, A1, B, C, C1, and            6,294  once.............           6,294             120          12,588
 E.
BLS 473P.....................          26,250  monthly..........       1,260,000              18         378,000
                              ----------------------------------------------------------------------------------
    Totals...................          32,544  .................       1,266,294  ..............         390,588
----------------------------------------------------------------------------------------------------------------

    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 16th day of January 2008.
Cathy Kazanowski,
Chief, Division of Management Systems, Bureau of Labor Statistics.
 [FR Doc. E8-1063 Filed 1-22-08; 8:45 am]
BILLING CODE 4510-24-P