[Federal Register Volume 81, Number 64 (Monday, April 4, 2016)]
[Notices]
[Pages 19131-19132]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-07474]
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DEPARTMENT OF COMMERCE
Bureau of Economic Analysis
[Docket No. 160304197-6197-01]
RIN 0691-XC045
BE-150: Quarterly Survey of Payment Card and Bank Card
Transactions Related to International Travel
AGENCY: Bureau of Economic Analysis, Commerce.
ACTION: Notice of reporting requirements.
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SUMMARY: By this Notice, the Bureau of Economic Analysis (BEA),
Department of Commerce, is informing the public that it is conducting
the mandatory survey titled Quarterly Survey of Payment Card and Bank
Card Transactions Related to International Travel (BE-150). This survey
is authorized by the International Investment and Trade in Services
Survey Act.
SUPPLEMENTARY INFORMATION: This Notice constitutes legal notification
to all U.S. persons (defined below) who meet the reporting requirements
set forth in this Notice that they must respond to, and comply with,
the BE-150. Reports are due 45 days after the end of each calendar
quarter. This notice is being issued in conformance with the rule BEA
issued in 2012 (77 FR 24373) establishing guidelines for collecting
data on international trade in services and direct investment through
notices, rather than through rulemaking. Additional information about
BEA's collection of data on international trade in services and direct
investment can be found in the 2012 rule, the International Investment
and Trade in Services Survey Act (22 U.S.C. 3101 et seq.), and 15 CFR
part 801. Survey data on international trade in services and direct
investment that are not collected pursuant to the 2012 rule are
described separately in 15 CFR part 801. The BE-150 survey forms and
instructions are available on the BEA Web site at www.bea.gov/ssb.
Definitions
(a) Person means any individual, branch, partnership, associated
group, association, estate, trust, corporation, or other organization
(whether or not organized under the laws of any State), and any
government (including a foreign government, the U.S. Government, a
State or local government, and any agency, corporation, financial
institution, or other entity or instrumentality thereof, including a
government-sponsored agency).
(b) U.S. person means any person resident in the United States or
subject to the jurisdiction of the United States.
(c) United States, when used in a geographic sense, means the 50
States, the District of Columbia, the Commonwealth of Puerto Rico, and
all territories and possessions of the United States.
(d) Foreign person means any person resident outside the United
States or subject to the jurisdiction of a country other than the
United States.
Reporting
Notice of specific reporting requirements, including who is to
report, the information to be reported, the manner of reporting, and
the time and place of filing reports, will be mailed to those required
to complete this survey.
Who Must Report: (a) U.S. credit card companies and personal
identification number (PIN)-based debit network companies that process
payment and bank card transactions between U.S. cardholders and foreign
businesses and between foreign cardholders and U.S. businesses.
(b) Entities required to report will be contacted individually by
BEA. Entities not contacted by BEA have no reporting responsibilities.
What To Report: The survey collects information on the credit,
debit, charge, automated teller machine (ATM), and point of sale
transactions of U.S. persons traveling abroad and foreign persons
traveling in the United States.
How To Report: Reports can be filed using BEA's electronic
reporting system at www.bea.gov/efile. Copies of the survey forms and
instructions, which contain complete information on reporting
procedures and definitions, can be downloaded from the BEA Web site
given above. Form BE-150 inquiries can be made by phone to BEA at (202)
606-5588 or by sending an email to [email protected].
When To Report: Reports are due to BEA 45 days after the end of
each calendar quarter.
Paperwork Reduction Act Notice
This data collection has been approved by the Office of Management
and Budget (OMB) in accordance with the Paperwork Reduction Act and
assigned control number 0608-0072. An agency may not conduct or
sponsor, and a person is not required to respond to, a collection of
information unless it displays a valid control number assigned by OMB.
Public reporting burden for this collection of information is estimated
to average 16 hours per response. Additional information regarding this
burden estimate may be viewed at www.reginfo.gov; under the Information
Collection Review tab, click on ``Search'' and use the above OMB
control number to search for the current survey instrument. Send
comments regarding this burden estimate to Director, Bureau of Economic
Analysis (BE-1), U.S. Department of Commerce, Washington, DC 20230; and
to the Office of Management and Budget, Paperwork Reduction Project
0608-0072, Washington, DC 20503.
[[Page 19132]]
Authority: 22 U.S.C. 3101-3108.
Brian C. Moyer,
Director, Bureau of Economic Analysis.
[FR Doc. 2016-07474 Filed 4-1-16; 8:45 am]
BILLING CODE 3510-06-P