[Federal Register Volume 61, Number 46 (Thursday, March 7, 1996)]
[Notices]
[Pages 9222-9223]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5558]
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[[Page 9223]]
DEPARTMENT OF TRANSPORTATION
Maritime Administration
OMB No.: 2133-0005
Information Collection Available for Public Comments and
Recommendations
ACTION: Notice and request for comments.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this
notice announces the intention of Maritime Administration (MARAD) to
request approval of changes to a currently approved information
collection.
DATES: Comments should be submitted on or before May 6, 1996.
FOR FURTHER INFORMATION CONTACT: Richard J. McDonnell, Director, Office
of Financial Approvals, Maritime Administration, MAR-580, Room 8114,
400 Seventh Street, SW., Washington, DC 20590. Telephone: 202-366-5861
or fax 202-366-7901. Copies of this collection can also be obtained
from that office.
SUPPLEMENTARY INFORMATION:
Title of Collection: Uniform Financial Reporting Requirements.
Type of Request: Approval of changes to a currently approved
information collection.
OMB Control Number: 2133-0005.
Form Number: MA-172.
Expiration Date of Approval: September 30, 1999.
Summary of Collection of Information: A form MA-172 consists of a
balance sheet, an income statement, schedules of debt and equipment,
and listings of company officers, stockholders, and related parties. In
order to reduce the burden of the current information collection, the
MA-172 would be reduced in scope and number of schedules. The
information in the MA-172 is integral to conventional financial records
generally kept by all businesses, but is supplemental to their
financial statements prepared periodically. Therefore, much of the form
can be satisfied by the information found in the financial statements
audited by certified public accountants and can be substituted by
copies of the published data or listings from the company records.
Thus, the time required to complete a MA-172 can be reduced to an
efficient gathering of existing documents.
Need and Use of the Information: MARAD administers financial
assistance programs promoting the U.S. merchant marine. This
information collection is in compliance with those program regulations
requiring financial reporting used in reviews and analyses to determine
compliance with contractual requirements and to evaluate industry
financial trends.
Description of Respondents: Various ship-building and ship-owning
companies which choose to participate in the Maritime Administration's
loan guarantee and operating support programs.
Annual Responses: Presently, 95 participants respond semiannually.
The number of participants has stabilized after a long period of
reduction with approximately the same number of new participants
replacing withdrawing participants. This situation is expected to
continue indefinitely.
Annual Burden: Presently, the total annual burden is 2,375 hours
for 190 responses, 12 hours per response. The total hours should
decrease when the changes covered by this request for comments are
implemented. Commenters are requested to include their estimates for
completing the revised MA-172 information collection.
Comments: Send all comments regarding this information collection
to Richard J. McDonnell, Department of Transportation, Maritime
Administration, MAR-580, Room 8114, 400 Seventh Street, SW.,
Washington, DC 20590. Send comments regarding whether this information
collection is necessary for proper performance of the function of the
agency and will have practical utility, accuracy of the burden
estimate, ways to minimize this burden, and ways to enhance quality,
utility, and clarity of the information to be collected.
By Order of the Maritime Administrator.
Dated: March 4, 1996.
Edmund T. Sommer, Jr.,
Assistant Secretary.
[FR Doc. 96-5558 Filed 3-6-96; 8:45 am]
BILLING CODE 4910-81-P
