Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Manufacturers' Shipments, Inventories, and Orders Survey, 73457-73458 [2020-25457]

Download as PDF khammond on DSKJM1Z7X2PROD with NOTICES Federal Register / Vol. 85, No. 223 / Wednesday, November 18, 2020 / Notices period. This notice allows for an additional 30 days for public comments. Agency: U.S. Census Bureau. Title: Survey of Housing Starts, Sales, and Completions (SOC). OMB Control Number: 0607–0110. Form Number(s): SOC–QI/SF.1 and SOC–QI/MF.1. Type of Request: Regular submission, Request for an Extension, without Change, of a Currently Approved Collection. Number of Respondents: 21,600. (We collect data for approximately 21,600 new buildings a year. A builder or owner may be contacted several times based on how long the construction project takes. We estimate the average number of times we need to contact the builder or owner is 7.3239 times. Therefore, the total number of responses annually is 158,196.) Average Hours per Response: 5 minutes. Burden Hours: 13,183. Needs and Uses: The U.S. Census Bureau is requesting an extension of the currently approved collection for the Survey of Housing Starts, Sales, and Completions, otherwise known as the Survey of Construction (SOC). Government agencies and private companies use statistics from SOC to monitor and evaluate the large and dynamic housing construction industry. Data for two principal economic indicators are produced from the SOC: New Residential Construction (housing starts and housing completions) and New Residential Sales. In addition, a number of other statistical series are produced, including extensive information on the physical characteristics of new residential buildings, and indexes measuring rates of inflation in the price of new buildings. These statistics are based on a sample of residential buildings in permit-issuing places and a road canvass in a sample of land areas not covered by building permit systems. Census Bureau field representatives (FRs) mail forms SOC–QI/SF.1 and SOC–QI/MF.1 to new respondents to complete. A few days later, the FRs either call or visit the respondents to enter their survey responses into a laptop computer using the Computer Assisted Personal Interviewing (CAPI) software formatted for the SOC–QI/SF.1 and SOC–QI/MF.1 forms. The respondents are home builders, real estate agents, rental agents, or new homeowners of sampled residential buildings. FRs contact respondents multiple times based on the number of projects in the sample and the number of months required to complete the project. VerDate Sep<11>2014 17:59 Nov 17, 2020 Jkt 253001 The Census Bureau uses the information collected in the SOC to publish estimates of the number of new residential housing units started, under construction, completed, and the number of new houses sold and for sale. The Census Bureau also publishes many financial and physical characteristics of new housing units. Government agencies use these statistics to evaluate economic policy, measure progress towards the national housing goal, make policy decisions, and formulate legislation. For example, the Board of Governors of the Federal Reserve System uses data from this survey to evaluate the effect of interest rates. The Bureau of Economic Analysis uses the data in developing the Gross Domestic Product (GDP). The private sector uses the information for estimating the demand for building materials and the many products used in new housing and to schedule production, distribution, and sales efforts. The financial community uses the data to estimate the demand for short-term (construction loans) and long-term (mortgages) borrowing. Affected Public: Individuals or households; Business or other for-profit organizations. Frequency: Monthly. Respondent’s Obligation: Voluntary. Legal Authority: Title 13, United States Code, Sections 131 and 182. This information collection request may be viewed at www.reginfo.gov. Follow the instructions to view the Department of Commerce collections currently under review by OMB. Written comments and recommendations for the proposed information collection should be submitted within 30 days of the publication of this notice on the following website www.reginfo.gov/ public/do/PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function and entering either the title of the collection or the OMB Control Number 0607–0110. Sheleen Dumas, Department PRA Clearance Officer, Office of the Chief Information Officer, Commerce Department. [FR Doc. 2020–25407 Filed 11–17–20; 8:45 am] BILLING CODE 3510–07–P PO 00000 Frm 00003 Fmt 4703 Sfmt 4703 73457 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 Survey The Department of Commerce will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. We invite 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. Public comments were previously requested via the Federal Register on September 3, 2020 during a 60-day comment period. This notice allows for an additional 30 days for public comments. Agency: Census Bureau. Title: Manufacturers’ Shipments, Inventories, and Orders (M3) Survey. OMB Control Number: 0607–0008. Form Number(s): M–3(SD). Type of Request: Regular submission, Request for a Revision of a Currently Approved Collection. Number of Respondents: 5,000. Average Hours per Response: 20 minutes. Burden Hours: 20,000. Needs and Uses: The U.S. Census Bureau is requesting a revision of the currently approved collection for the Manufacturers’ Shipments, Inventories, and Orders (M3) survey. This survey collects monthly data from domestic manufacturers on Form M–3 (SD), which is mailed at the end of each month. Data requested are shipments, new orders, unfilled orders, and inventories by stage of fabrication. It is currently the only survey that provides broad-based monthly statistical data on the economic conditions in the domestic manufacturing sector. The 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 E:\FR\FM\18NON1.SGM 18NON1 khammond on DSKJM1Z7X2PROD with NOTICES 73458 Federal Register / Vol. 85, No. 223 / Wednesday, November 18, 2020 / Notices or depletion of backlogs of unfilled orders measures excess (or deficient) demand for manufactured products. The level of inventories, especially in relation to shipments, is frequently used to monitor the business cycle. The M3 survey has been conducted monthly by the U.S. Census Bureau since 1957. The Advance Report on Durable Goods, Manufacturers’ Shipments, Inventories and Orders is an advance snapshot of the current value of manufacturing in the U.S. It is available about 18 working days after each month. The M3 survey also produces the Full Report on Manufacturers’ Shipments, Inventories and Orders. This report details information on the durable goods industries, and also includes the nondurable goods industries. In addition, the Full Report captures late receipts, and is available about 23 working days after each month. Beginning in 2021, the U.S. Census Bureau will be accelerating the non-durable manufacturing data in the advance high-level total manufacturing estimates for shipments and inventories. This additional data release will provide data users with early access to total manufacturing estimates, giving an early snapshot of the direction of this critical indicator. Prior to releasing the advance total manufacturing data, the U.S. Census Bureau submitted a memo of exception to the Office of Management and Budget. The advance statistics for shipments and inventories will be released at the same time as the Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders. The notice in the Federal Register on September 3, 2020 (Volume 85, No. 172, Pages 54981–54982) announcing our plans to submit this request included information on the possible upcoming collection of a new module of business expectation. At this time, research and testing for an uncertainty pilot collection is still underway; once any concrete timeline is determined, a request for this additional module will be submitted. The M3 survey provides an essential component of the current economic indicators needed for assessing the evolving status of the economy and formulating economic policy. The Office of Information and Regulatory Affairs (OIRA), Office of Management and Budget (OMB) has designated this survey as a principal federal economic indicator. The shipments and inventories data are essential inputs to the gross domestic product (GDP), while the orders data are direct inputs to The Conference Board Leading Economic Index (LEI), which is a composite index VerDate Sep<11>2014 17:59 Nov 17, 2020 Jkt 253001 of ten key elements designed to monitor the business cycle (https:// www.conference-board.org/data/ bcicountry.cfm?cid=1). The GDP and the LEI would be incomplete without these data. Orders for durable goods are an important leading economic indicator. Businesses and consumers generally place orders for durable goods when they are confident the economy is improving. A durable goods report showing an increase in orders is a sign that the economy is trending upwards. Durable goods orders tell investors what to expect from the manufacturing sector, a major component of the economy. The M3 survey also provides valuable and timely domestic manufacturing data for economic planning and analysis to business firms, trade associations, research and consulting agencies, and academia. The data are used for analyzing shortand long-term trends, both in the manufacturing sector and as related to other sectors of the economy. The data on value of shipments, especially when adjusted for change in inventories, measure current levels of production. New orders figures serve as an indicator of future production commitments. Changes in the level of unfilled orders, because of excess or shortfall of new orders compared with shipments, are used to measure the excess (or deficiency) in the demand for manufactured products. Changes in the level of inventories and the relation of these to shipments are used to project future movements in manufacturing activity. These statistics are valuable for analysts of business cycle conditions, including members of the Council of Economic Advisers (CEA), the Bureau of Economic Analysis (BEA), the Federal Reserve Board (FRB), the Department of the Treasury, The Conference Board, business firms, trade associations, private research and consulting agencies, and the academic community. Affected Public: Business or other forprofit organizations. Frequency: Monthly. Respondent’s Obligation: Voluntary. Legal Authority: Title 13, United States Code, Sections 131, 182, and 193. This information collection request may be viewed at www.reginfo.gov. Follow the instructions to view the Department of Commerce collections currently under review by OMB. Written comments and recommendations for the proposed information collection should be submitted within 30 days of the publication of this notice on the following website www.reginfo.gov/ public/do/PRAMain. Find this particular information collection by PO 00000 Frm 00004 Fmt 4703 Sfmt 4703 selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function and entering either the title of the collection or the OMB Control Number 0607–0008. Sheleen Dumas, Department PRA Clearance Officer, Office of the Chief Information Officer, Commerce Department. [FR Doc. 2020–25457 Filed 11–17–20; 8:45 am] BILLING CODE 3510–07–P DEPARTMENT OF COMMERCE Foreign-Trade Zones Board [S–202–2020] Foreign-Trade Zone 18—San Jose, California; Application for Subzone Expansion; Lam Research Corporation; Fremont, California An application has been submitted to the Foreign-Trade Zones (FTZ) Board by the City of San Jose, grantee of FTZ 18, requesting an expansion of Subzone 18F on behalf of Lam Research Corporation in Fremont, California. The application was submitted pursuant to the provisions of the Foreign-Trade Zones Act, as amended (19 U.S.C. 81a–81u), and the regulations of the FTZ Board (15 CFR part 400). It was formally docketed on November 12, 2020. Subzone 18F consists of the following sites: Site 1 (29.28 acres)—4650 Cushing Parkway, Fremont, Alameda County; Site 4 (14.82 acres)—1 and 101 Portola Avenue, Livermore, Alameda County; Site 5 (7.3 acres)—7364 Marathon Drive and 7150 Patterson Pass Road, Unit G, Livermore, Alameda County; Site 7 (0.91 acres)—6757 Las Positas Road, Livermore, Alameda County; Site 8 (0.44 acres)—7888 Marathon Drive, Livermore, Alameda County; Site 9 (1.6 acres)—41707 Christy Street, Fremont, Alameda County; Site 11 (1.19 acres)— 4050 Starboard Drive, Fremont, Alameda County; Site 12 (0.98 acres)— 7650 Marathon Drive, Livermore, Alameda County; Site 13 (3.49 acres)— 6551 West Schulte Road, Tracy, San Joaquin County; Site 14 (8.56 acres)— 1201 Voyager Street, Livermore, Alameda County; and, Site 15 (2.77 acres)—20427 Corsair Boulevard, Hayward, Alameda County. The applicant is now requesting authority to expand the subzone to include an additional site (3.62 acres) located at 4405 Cushing Parkway, Fremont, Alameda County, which would be designated as Site 16. The expanded subzone would be subject to the existing activation limit of FTZ 18. In accordance with the FTZ Board’s regulations, Qahira El-Amin of the FTZ E:\FR\FM\18NON1.SGM 18NON1

Agencies

[Federal Register Volume 85, Number 223 (Wednesday, November 18, 2020)]
[Notices]
[Pages 73457-73458]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-25457]


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

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 Survey

    The Department of Commerce will submit the following information 
collection request to the Office of Management and Budget (OMB) for 
review and clearance in accordance with the Paperwork Reduction Act of 
1995, on or after the date of publication of this notice. We invite 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. Public comments were previously requested via the 
Federal Register on September 3, 2020 during a 60-day comment period. 
This notice allows for an additional 30 days for public comments.
    Agency: Census Bureau.
    Title: Manufacturers' Shipments, Inventories, and Orders (M3) 
Survey.
    OMB Control Number: 0607-0008.
    Form Number(s): M-3(SD).
    Type of Request: Regular submission, Request for a Revision of a 
Currently Approved Collection.
    Number of Respondents: 5,000.
    Average Hours per Response: 20 minutes.
    Burden Hours: 20,000.
    Needs and Uses: The U.S. Census Bureau is requesting a revision of 
the currently approved collection for the Manufacturers' Shipments, 
Inventories, and Orders (M3) survey. This survey collects monthly data 
from domestic manufacturers on Form M-3 (SD), which is mailed at the 
end of each month. Data requested are shipments, new orders, unfilled 
orders, and inventories by stage of fabrication. It is currently the 
only survey that provides broad-based monthly statistical data on the 
economic conditions in the domestic manufacturing sector. The 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

[[Page 73458]]

or depletion of backlogs of unfilled orders measures excess (or 
deficient) demand for manufactured products. The level of inventories, 
especially in relation to shipments, is frequently used to monitor the 
business cycle.
    The M3 survey has been conducted monthly by the U.S. Census Bureau 
since 1957. The Advance Report on Durable Goods, Manufacturers' 
Shipments, Inventories and Orders is an advance snapshot of the current 
value of manufacturing in the U.S. It is available about 18 working 
days after each month. The M3 survey also produces the Full Report on 
Manufacturers' Shipments, Inventories and Orders. This report details 
information on the durable goods industries, and also includes the non-
durable goods industries. In addition, the Full Report captures late 
receipts, and is available about 23 working days after each month. 
Beginning in 2021, the U.S. Census Bureau will be accelerating the non-
durable manufacturing data in the advance high-level total 
manufacturing estimates for shipments and inventories. This additional 
data release will provide data users with early access to total 
manufacturing estimates, giving an early snapshot of the direction of 
this critical indicator. Prior to releasing the advance total 
manufacturing data, the U.S. Census Bureau submitted a memo of 
exception to the Office of Management and Budget. The advance 
statistics for shipments and inventories will be released at the same 
time as the Advance Report on Durable Goods Manufacturers' Shipments, 
Inventories and Orders.
    The notice in the Federal Register on September 3, 2020 (Volume 85, 
No. 172, Pages 54981-54982) announcing our plans to submit this request 
included information on the possible upcoming collection of a new 
module of business expectation. At this time, research and testing for 
an uncertainty pilot collection is still underway; once any concrete 
timeline is determined, a request for this additional module will be 
submitted.
    The M3 survey provides an essential component of the current 
economic indicators needed for assessing the evolving status of the 
economy and formulating economic policy. The Office of Information and 
Regulatory Affairs (OIRA), Office of Management and Budget (OMB) has 
designated this survey as a principal federal economic indicator. The 
shipments and inventories data are essential inputs to the gross 
domestic product (GDP), while the orders data are direct inputs to The 
Conference Board Leading Economic Index (LEI), which is a composite 
index of ten key elements designed to monitor the business cycle 
(https://www.conference-board.org/data/bcicountry.cfm?cid=1). The GDP 
and the LEI would be incomplete without these data. Orders for durable 
goods are an important leading economic indicator. Businesses and 
consumers generally place orders for durable goods when they are 
confident the economy is improving. A durable goods report showing an 
increase in orders is a sign that the economy is trending upwards. 
Durable goods orders tell investors what to expect from the 
manufacturing sector, a major component of the economy. The M3 survey 
also provides valuable and timely domestic manufacturing data for 
economic planning and analysis to business firms, trade associations, 
research and consulting agencies, and academia.
    The data are used for analyzing short- and long-term trends, both 
in the manufacturing sector and as related to other sectors of the 
economy. The data on value of shipments, especially when adjusted for 
change in inventories, measure current levels of production. New orders 
figures serve as an indicator of future production commitments. Changes 
in the level of unfilled orders, because of excess or shortfall of new 
orders compared with shipments, are used to measure the excess (or 
deficiency) in the demand for manufactured products. Changes in the 
level of inventories and the relation of these to shipments are used to 
project future movements in manufacturing activity. These statistics 
are valuable for analysts of business cycle conditions, including 
members of the Council of Economic Advisers (CEA), the Bureau of 
Economic Analysis (BEA), the Federal Reserve Board (FRB), the 
Department of the Treasury, The Conference Board, business firms, trade 
associations, private research and consulting agencies, and the 
academic community.
    Affected Public: Business or other for-profit organizations.
    Frequency: Monthly.
    Respondent's Obligation: Voluntary.
    Legal Authority: Title 13, United States Code, Sections 131, 182, 
and 193.
    This information collection request may be viewed at 
www.reginfo.gov. Follow the instructions to view the Department of 
Commerce collections currently under review by OMB.
    Written comments and recommendations for the proposed information 
collection should be submitted within 30 days of the publication of 
this notice on the following website www.reginfo.gov/public/do/PRAMain. 
Find this particular information collection by selecting ``Currently 
under 30-day Review--Open for Public Comments'' or by using the search 
function and entering either the title of the collection or the OMB 
Control Number 0607-0008.

Sheleen Dumas,
Department PRA Clearance Officer, Office of the Chief Information 
Officer, Commerce Department.
[FR Doc. 2020-25457 Filed 11-17-20; 8:45 am]
BILLING CODE 3510-07-P