Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Manufacturers' Shipments, Inventories, and Orders (M3) Survey, 54981-54982 [2020-19476]

Download as PDF Federal Register / Vol. 85, No. 172 / Thursday, September 3, 2020 / Notices applicable, date of sale, sales price, and type of financing. The SOC provides widely used measures of construction activity, including the economic indicators Housing Starts and Housing Completions, which are from the New Residential Construction series, and New Residential Sales. The current clearance for this survey is scheduled to expire on April 30, 2021. We sample about 1,800 new buildings each month (21,600 per year). We inquire about the progress of each building multiple times until it is completed (and a sales contract is signed, if it is a single-family house that is built for sale). For single-family buildings, we conduct an average of 8 interviews and for multifamily buildings, we conduct an average of 6 interviews. The total number of interviews conducted in 2019 for singlefamily buildings is about 109,900 and for multifamily buildings is about 48,300. Each interview takes 5 minutes on average. Therefore, the total annual burden is 13,183 hours. II. Method of Collection The Census Bureau uses its field representatives to collect the data. The field representatives conduct interviews to obtain data. jbell on DSKJLSW7X2PROD with NOTICES III. Data OMB Control Number: 0607–0110. Form Number(s): SOC–QI.SF.1 and SOC–QI/MF.1. Type of Review: Regular submission, Request for an Extension, without Change, of a Currently Approved Collection. Affected Public: Individuals or households; Business or other for-profit organizations. Estimated Number of Respondents: 21,600. Estimated Time per Response: 5 minutes. Estimated Total Annual Burden Hours: 13,183. Estimated Total Annual Cost to Public: $0. (This is not the cost of respondents’ time, but the indirect costs respondents may incur for such things as purchases of specialized software or hardware needed to report, or expenditures for accounting or records maintenance services required specifically by the collection.) Respondent’s Obligation: Voluntary. Legal Authority: Title 13 U.S.C. Section 131 and 182. IV. Request for Comments We are soliciting public comments to permit the Department/Bureau to: (a) Evaluate whether the proposed information collection is necessary for VerDate Sep<11>2014 16:51 Sep 02, 2020 Jkt 250001 the proper functions of the Department, including whether the information will have practical utility; (b) Evaluate the accuracy of our estimate of the time and cost burden for this proposed collection, including the validity of the methodology and assumptions used; (c) Evaluate ways to enhance the quality, utility, and clarity of the information to be collected; and (d) Minimize the reporting burden on those who are to respond, including the use of automated collection techniques or other forms of information technology. Comments that you submit in response to this notice are a matter of public record. We will include, or summarize, each comment in our request to OMB to approve this ICR. Before including your address, phone number, email address, or other personal identifying information in your comment, you should be aware that your entire comment—including your personal identifying information—may be made publicly available at any time. While you may ask us in your comment to withhold your personal identifying information from public review, we cannot guarantee that we will be able to do so. Sheleen Dumas, Department PRA Clearance Officer, Office of the Chief Information Officer, Commerce Department. [FR Doc. 2020–19477 Filed 9–2–20; 8:45 am] BILLING CODE 3510–07–P DEPARTMENT OF COMMERCE Census Bureau Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Manufacturers’ Shipments, Inventories, and Orders (M3) Survey U.S. Census Bureau, Commerce. ACTION: Notice of information collection; request for comment. AGENCY: The Department of Commerce, in accordance with the Paperwork Reduction Act (PRA) of 1995, invites the general public and other Federal agencies to comment on proposed, and continuing information collections, which helps us assess the impact of our information collection requirements and minimize the public’s reporting burden. The purpose of this notice is to allow for 60 days of public comment on the proposed revision of the Manufacturers’ Shipments, Inventories, and Orders (M3) Survey SUMMARY: PO 00000 Frm 00005 Fmt 4703 Sfmt 4703 54981 prior to the submission of the information collection request (ICR) to OMB for approval. DATES: To ensure consideration, comments regarding this proposed information collection must be received on or before November 2, 2020. ADDRESSES: Interested persons are invited to submit written comments by email to Thomas.J.Smith@census.gov. Please reference Manufacturers’ Shipments, Inventories, and Orders (M3) Survey in the subject line of your comments. You may also submit comments, identified by Docket Number USBC–2020–0023, to the Federal eRulemaking Portal: http:// www.regulations.gov. All comments received are part of the public record. No comments will be posted to http:// www.regulations.gov for public viewing until after the comment period has closed. Comments will generally be posted without change. All Personally Identifiable Information (for example, name and address) voluntarily submitted by the commenter may be publicly accessible. Do not submit Confidential Business Information or otherwise sensitive or protected information. You may submit attachments to electronic comments in Microsoft Word, Excel, or Adobe PDF file formats. FOR FURTHER INFORMATION CONTACT: Requests for additional information or specific questions related to collection activities should be directed to Carol Aristone, U.S. Census Bureau, Economic Indicators Division, (301) 763–7062, carol.ann.aristone@census.gov. SUPPLEMENTARY INFORMATION: I. Abstract The U.S. Census Bureau plans to request a revision of the current Office of Management and Budget (OMB) clearance of the Manufacturers’ Shipments, Inventories and Orders (M3) survey. The M3 survey requests data monthly from domestic manufacturers on form M–3 (SD). Data requested are shipments, new orders, unfilled orders, total inventory, materials and supplies, work-in-process, and finished goods. The M3 survey is designed to measure current industrial activity and to provide an indication of future production commitments. The value of shipments measures the value of goods delivered during the month by domestic manufacturers. Estimates of new orders serve as an indicator of future production commitments and represent the current sales value of new orders received during the month, net of cancellations. Substantial accumulation or depletion of unfilled orders measures E:\FR\FM\03SEN1.SGM 03SEN1 jbell on DSKJLSW7X2PROD with NOTICES 54982 Federal Register / Vol. 85, No. 172 / Thursday, September 3, 2020 / Notices excess or deficient demand for manufactured products. The level of inventories, especially in relation to shipments, is frequently used to monitor the business cycle, by calculating the inventories to sales ratio. In general, a low ratio indicates strong shipments. A high ratio indicates weaker shipments or accumulation of inventories in stock. Starting in 2021, we may ask for additional data on the electronic instrument on a temporary quarterly basis to address a new module of business expectations. The new question will not be added to the paper M–3 (SD) form. Respondents will be divided into three subsamples; once a quarter, each subsample will be asked for a one year ahead estimate with five points and corresponding probabilities. For the April 2021 reporting period, selected M3 respondents would see a question similar, but possibly not identical, to the following drafted question: • Looking ahead to April 2022, what is the approximate dollar value of net shipments, manufactured in the U.S. you would anticipate during that month for this reporting unit, and what likelihood do you assign to that value? Leading indicators and forwardlooking measures such as forecasts and projections are highly valued for their ability to help decision-makers, businesses, and individuals plan and adjust policies if necessary. To reduce respondent burden, companies will receive the supplemental question once per quarter asking for the expectation of net shipments looking twelve months ahead; expectations will be reported at the same level as they report for the rest of the instrument. Responses to this question will provide a better understanding of business uncertainty and insight on future business activity. Initially, this pilot collection will request data for twelve months with the possibility of continuing collection for an additional twelve months. Additionally, in 2021, we plan to accelerate the nondurable manufacturing estimates to the same time as the Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders to create an advance high-level report of total manufacturing. Currently, the Advance report on Durable goods is available approximately 18 working days after each month, with the Full report available approximately 23 working days after each month. Accelerating the nondurable release would provide data users with early access to total manufacturing estimates ahead of the Full report, giving them an early snapshot of the direction of this critical VerDate Sep<11>2014 16:51 Sep 02, 2020 Jkt 250001 indicator. Prior to releasing this advance total manufacturing data, we will submit a memo of exception to the Office of Management and Budget. II. Method of Collection Respondents may submit data on form via mail, fax, or via the internet. We send emails and make telephone calls to respondents to remind them to report on time. personal identifying information—may be made publicly available at any time. While you may ask us in your comment to withhold your personal identifying information from public review, we cannot guarantee that we will be able to do so. Sheleen Dumas, Department PRA Clearance Officer, Office of the Chief Information Officer, Commerce Department. III. Data [FR Doc. 2020–19476 Filed 9–2–20; 8:45 am] OMB Control Number: 0607–0008. Form Number(s): M–3 (SD). Type of Review: Regular submission, Request for a Revision of a Currently Approved Collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 5,000 respondents filing a total of 60,000 reports a year. Estimated Time per Response: 22 minutes. Estimated Total Annual Burden Hours: 22,000. Estimated Total Annual Cost to Public: $0. (This is not the cost of respondents’ time, but the indirect costs respondents may incur for such things as purchases of specialized software or hardware needed to report, or expenditures for accounting or records maintenance services required specifically by the collection.) Respondent’s Obligation: Voluntary. Legal Authority: Title 13 U.S.C. Section 131, 182, and 193. BILLING CODE 3510–07–P IV. Request for Comments We are soliciting public comments to permit the Department/Bureau to: (a) Evaluate whether the proposed information collection is necessary for the proper functions of the Department, including whether the information will have practical utility; (b) Evaluate the accuracy of our estimate of the time and cost burden for this proposed collection, including the validity of the methodology and assumptions used; (c) Evaluate ways to enhance the quality, utility, and clarity of the information to be collected; and (d) Minimize the reporting burden on those who are to respond, including the use of automated collection techniques or other forms of information technology. Comments that you submit in response to this notice are a matter of public record. We will include, or summarize, each comment in our request to OMB to approve this ICR. Before including your address, phone number, email address, or other personal identifying information in your comment, you should be aware that your entire comment—including your PO 00000 Frm 00006 Fmt 4703 Sfmt 4703 DEPARTMENT OF COMMERCE Bureau of Industry and Security [Docket No. 200827–0226] RIN 0694–XC064 Effectiveness of Licensing Procedures for Agricultural Commodities to Cuba Bureau of Industry and Security, Commerce. ACTION: Request for comments. AGENCY: The Bureau of Industry and Security (BIS) is requesting public comments on the effectiveness of its licensing procedures as defined in the Export Administration Regulations for the export of agricultural commodities to Cuba. BIS will include a description of these comments in its biennial report to the Congress, as required by the Trade Sanctions Reform and Export Enhancement Act of 2000, as amended (TSRA). DATES: Comments must be received by October 5, 2020. ADDRESSES: Federal rulemaking portal: http://www.regulations.gov—you can find this notice by searching on its regulations.gov docket number, which is BIS–2020–0028. All comments (including any personally identifying information) will be made available for public inspection and copying. By mail or delivery to Regulatory Policy Division, Bureau of Industry and Security, U.S. Department of Commerce, Room 2099B, 14th Street and Pennsylvania Avenue NW, Washington, DC 20230. Refer to RIN 0694–XC064. FOR FURTHER INFORMATION CONTACT: Mark Salinas, Office of Nonproliferation and Treaty Compliance, Telephone: (202) 482–4252. Additional information on BIS procedures and previous biennial reports under TSRA is available at http://www.bis.doc.gov/ index.php/policy-guidance/countryguidance/sanctioned-destinations/13policy-guidance/country-guidance/426reports-to-congress. Copies of these SUMMARY: E:\FR\FM\03SEN1.SGM 03SEN1

Agencies

[Federal Register Volume 85, Number 172 (Thursday, September 3, 2020)]
[Notices]
[Pages 54981-54982]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-19476]


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DEPARTMENT OF COMMERCE

Census Bureau


Agency Information Collection Activities; Submission to the 
Office of Management and Budget (OMB) for Review and Approval; Comment 
Request; Manufacturers' Shipments, Inventories, and Orders (M3) Survey

AGENCY: U.S. Census Bureau, Commerce.

ACTION: Notice of information collection; request for comment.

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

SUMMARY: The Department of Commerce, in accordance with the Paperwork 
Reduction Act (PRA) of 1995, invites the general public and other 
Federal agencies to comment on proposed, and continuing information 
collections, which helps us assess the impact of our information 
collection requirements and minimize the public's reporting burden. The 
purpose of this notice is to allow for 60 days of public comment on the 
proposed revision of the Manufacturers' Shipments, Inventories, and 
Orders (M3) Survey prior to the submission of the information 
collection request (ICR) to OMB for approval.

DATES: To ensure consideration, comments regarding this proposed 
information collection must be received on or before November 2, 2020.

ADDRESSES: Interested persons are invited to submit written comments by 
email to [email protected]. Please reference Manufacturers' 
Shipments, Inventories, and Orders (M3) Survey in the subject line of 
your comments. You may also submit comments, identified by Docket 
Number USBC-2020-0023, to the Federal e-Rulemaking Portal: http://www.regulations.gov. All comments received are part of the public 
record. No comments will be posted to http://www.regulations.gov for 
public viewing until after the comment period has closed. Comments will 
generally be posted without change. All Personally Identifiable 
Information (for example, name and address) voluntarily submitted by 
the commenter may be publicly accessible. Do not submit Confidential 
Business Information or otherwise sensitive or protected information. 
You may submit attachments to electronic comments in Microsoft Word, 
Excel, or Adobe PDF file formats.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
specific questions related to collection activities should be directed 
to Carol Aristone, U.S. Census Bureau, Economic Indicators Division, 
(301) 763-7062, [email protected].

SUPPLEMENTARY INFORMATION:

I. Abstract

    The U.S. Census Bureau plans to request a revision of the current 
Office of Management and Budget (OMB) clearance of the Manufacturers' 
Shipments, Inventories and Orders (M3) survey. The M3 survey requests 
data monthly from domestic manufacturers on form M-3 (SD). Data 
requested are shipments, new orders, unfilled orders, total inventory, 
materials and supplies, work-in-process, and finished goods.
    The M3 survey is designed to measure current industrial activity 
and to provide an indication of future production commitments. The 
value of shipments measures the value of goods delivered during the 
month by domestic manufacturers. Estimates of new orders serve as an 
indicator of future production commitments and represent the current 
sales value of new orders received during the month, net of 
cancellations. Substantial accumulation or depletion of unfilled orders 
measures

[[Page 54982]]

excess or deficient demand for manufactured products. The level of 
inventories, especially in relation to shipments, is frequently used to 
monitor the business cycle, by calculating the inventories to sales 
ratio. In general, a low ratio indicates strong shipments. A high ratio 
indicates weaker shipments or accumulation of inventories in stock.
    Starting in 2021, we may ask for additional data on the electronic 
instrument on a temporary quarterly basis to address a new module of 
business expectations. The new question will not be added to the paper 
M-3 (SD) form. Respondents will be divided into three subsamples; once 
a quarter, each subsample will be asked for a one year ahead estimate 
with five points and corresponding probabilities. For the April 2021 
reporting period, selected M3 respondents would see a question similar, 
but possibly not identical, to the following drafted question:
     Looking ahead to April 2022, what is the approximate 
dollar value of net shipments, manufactured in the U.S. you would 
anticipate during that month for this reporting unit, and what 
likelihood do you assign to that value?
    Leading indicators and forward-looking measures such as forecasts 
and projections are highly valued for their ability to help decision-
makers, businesses, and individuals plan and adjust policies if 
necessary. To reduce respondent burden, companies will receive the 
supplemental question once per quarter asking for the expectation of 
net shipments looking twelve months ahead; expectations will be 
reported at the same level as they report for the rest of the 
instrument. Responses to this question will provide a better 
understanding of business uncertainty and insight on future business 
activity. Initially, this pilot collection will request data for twelve 
months with the possibility of continuing collection for an additional 
twelve months. Additionally, in 2021, we plan to accelerate the 
nondurable manufacturing estimates to the same time as the Advance 
Report on Durable Goods Manufacturers' Shipments, Inventories and 
Orders to create an advance high-level report of total manufacturing. 
Currently, the Advance report on Durable goods is available 
approximately 18 working days after each month, with the Full report 
available approximately 23 working days after each month. Accelerating 
the nondurable release would provide data users with early access to 
total manufacturing estimates ahead of the Full report, giving them an 
early snapshot of the direction of this critical indicator. Prior to 
releasing this advance total manufacturing data, we will submit a memo 
of exception to the Office of Management and Budget.

II. Method of Collection

    Respondents may submit data on form via mail, fax, or via the 
internet. We send emails and make telephone calls to respondents to 
remind them to report on time.

III. Data

    OMB Control Number: 0607-0008.
    Form Number(s): M-3 (SD).
    Type of Review: Regular submission, Request for a Revision of a 
Currently Approved Collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 5,000 respondents filing a total 
of 60,000 reports a year.
    Estimated Time per Response: 22 minutes.
    Estimated Total Annual Burden Hours: 22,000.
    Estimated Total Annual Cost to Public: $0. (This is not the cost of 
respondents' time, but the indirect costs respondents may incur for 
such things as purchases of specialized software or hardware needed to 
report, or expenditures for accounting or records maintenance services 
required specifically by the collection.)
    Respondent's Obligation: Voluntary.
    Legal Authority: Title 13 U.S.C. Section 131, 182, and 193.

IV. Request for Comments

    We are soliciting public comments to permit the Department/Bureau 
to: (a) Evaluate whether the proposed information collection is 
necessary for the proper functions of the Department, including whether 
the information will have practical utility; (b) Evaluate the accuracy 
of our estimate of the time and cost burden for this proposed 
collection, including the validity of the methodology and assumptions 
used; (c) Evaluate ways to enhance the quality, utility, and clarity of 
the information to be collected; and (d) Minimize the reporting burden 
on those who are to respond, including the use of automated collection 
techniques or other forms of information technology.
    Comments that you submit in response to this notice are a matter of 
public record. We will include, or summarize, each comment in our 
request to OMB to approve this ICR. Before including your address, 
phone number, email address, or other personal identifying information 
in your comment, you should be aware that your entire comment--
including your personal identifying information--may be made publicly 
available at any time. While you may ask us in your comment to withhold 
your personal identifying information from public review, we cannot 
guarantee that we will be able to do so.

Sheleen Dumas,
Department PRA Clearance Officer, Office of the Chief Information 
Officer, Commerce Department.
[FR Doc. 2020-19476 Filed 9-2-20; 8:45 am]
BILLING CODE 3510-07-P