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: U.S. Census Bureau.
Title: Monthly Wholesale Trade Survey.
Form Number(s): SM-42(00).
Agency Approval Number: 0607-0190.
Type of Request: Extension of a currently approved collection.
Burden: 5,320 hours.
Number of Respondents: 3,800.
Avg Hours Per Response: 7 minutes.
Needs and Uses: The U.S. Census Bureau requests a three-year extension of the current OMB approval of the Monthly Wholesale Trade Survey (MWTS). The MWTS canvasses firms primarily engaged in merchant wholesale trade that are located in the United States. This survey provides the only continuous measures of monthly wholesale sales, end-of-month inventories, method of inventory valuation, and inventories/sales ratios. The sales and inventory estimates produced from the MWTS provide current trends of economic activity by kind of business for the United States. Also, the estimates compiled from this survey provide valuable information for economic policy decisions by the government and are widely used by private businesses, trade organizations, professional associations, and other business research and analysis organizations.
The estimates produced by the MWTS are critical to the accurate measurement of total economic activity of the United States. The estimates of sales made by wholesale locations represent only merchant wholesalers who take title to goods bought for resale to other companies. Wholesalers normally sell to industrial distributors, retail operations, cooperatives, and other businesses. The sales estimates include sales made on credit as well as on a cash basis, but exclude receipts from sales taxes and interest charges from credit sales.
The estimates of merchandise inventories represent all merchandise held in wholesale locations, warehouses, and offices, as well as goods held by others for sale on consignment or in transit for distribution to wholesale establishments. The estimates of merchandise inventories exclude fixtures and supplies not for resale, as well as merchandise held on consignment which are owned by others. Inventories are an important component in the Bureau of Economic Analysis's (BEA) calculation of the investment portion of the Gross Domestic Product (GDP).
Affected Public: Businesses or other for-profit, Federal Government, State, local or Tribal Governments.
Respondent's Obligation: Voluntary.
Legal Authority: Title 13 U.S.C., Section 182.
OMB Desk Officer: Susan Schechter, (202) 395-5103.
Copies of the above information collection proposal can be obtained by calling or writing Madeleine Clayton, Departmental Paperwork Clearance Officer, (202)482-3129, Department of Commerce, room 6608, 14th and Constitution Avenue, NW., Washington, DC 20230 (or via the Internet at firstname.lastname@example.org).
Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to Susan Schechter, OMB Desk Officer, room 10201, New Executive Office Building, Washington, DC 20503.Start Signature
Dated: June 4, 2002.
Departmental Paperwork Clearance Officer, Office of the Chief Information Officer.
[FR Doc. 02-14428 Filed 6-7-02; 8:45 am]
BILLING CODE 3510-07-P