[Federal Register Volume 80, Number 202 (Tuesday, October 20, 2015)]
[Notices]
[Page 63503]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-26495]
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DEPARTMENT OF COMMERCE
Submission for OMB Review; Comment Request
The Department of Commerce will submit 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: Bureau of Economic Analysis (BEA), Department of Commerce.
Title: Quarterly Survey of Financial Services Transactions between
U.S. Financial Services Providers and Foreign Persons.
OMB Control Number: 0608-0065.
Form Number: BE-185.
Type of Request: Regular submission.
Number of Responses: 2,700 annually (675 filed each quarter; 550
reporting mandatory data, and 125 that would file other responses).
Average Hours per Response: 10 hours is the average for those
reporting data and 1 hour is the average for those not reporting data
or providing voluntary responses, but hours may vary considerably among
respondents because of differences in company size and complexity.
Estimated Total Annual Burden Hours: 22,500.
Needs and Uses: The Quarterly Survey of Financial Services
Transactions between U.S. Financial Services Providers and Foreign
Persons (BE-185) is a survey that collects data from U.S. financial
services providers that engage in covered transactions with foreign
persons in financial services. A U.S. person must report if it had
sales of covered services to foreign persons that exceeded $20 million
for the previous fiscal year, or are expected to exceed that amount
during the current fiscal year, or if it had purchases of covered
services from foreign persons that exceeded $15 million for the
previous fiscal year, or are expected to exceed that amount during the
current fiscal year.
The data collected on the survey are needed to monitor U.S. trade
in services, to analyze the impact of U.S. trade on the U.S. and
foreign economies, to compile and improve the U.S. economic accounts,
to support U.S. commercial policy on trade in services, to conduct
trade promotion, and to improve the ability of U.S. businesses to
identify and evaluate market opportunities. The data are used in
estimating the financial services component of the U.S. international
transactions accounts and national income and product accounts.
The Bureau of Economic Analysis (BEA) is proposing no additions and
modifications to the current BE-185 survey. The effort to keep current
reporting requirements unchanged is intended to minimize respondent
burden while considering the needs of data users. Existing language in
the instructions and definitions will be reviewed and adjusted as
necessary to clarify survey requirements.
Affected Public: Businesses or other for-profit organizations.
Frequency: Quarterly.
Respondent's Obligation: Mandatory.
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 sent within 30 days of publication of this notice
to OIRA [email protected] or faxed to (202) 395-5806.
Dated: October 14, 2015.
Glenna Mickelson,
Management Analyst, Office of the Chief Information Officer.
[FR Doc. 2015-26495 Filed 10-19-15; 8:45 am]
BILLING CODE 3510-06-P