97-26560. Submission For OMB Review; Comment Request

[Federal Register Volume 62, Number 194 (Tuesday, October 7, 1997)]
[Notices]
[Pages 52321-52322]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-26560]


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DEPARTMENT OF COMMERCE


Submission For OMB Review; Comment Request

    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: Bureau of Economic Analysis.
    Title: Benchmark Survey of Foreign Direct Investment in the United 
States--1997.
    Form: BE-12(LF), BE-12(SF), BE-12 Bank, BE-12(X).
    Agency Approval Number: 0608-0042.
    Type of Request: Reinstatement, with change, of a previously 
approved collection for which approval has expired.
    Burden: 245,000 hours.
    Number of respondents: 11,000.
    Avg Hours Per Response: 22 hours.
    Needs and Uses: The purpose of the benchmark survey is to obtain 
enterprise-level data on the amount, types, and financial and operating 
characteristics of foreign direct investment in the United States. The 
data from the survey will be used to measure the economic significance 
of such investment and to analyze its effects on the U.S. economy. They 
will also be used in formulating, and assessing the impact of, U.S. 
policy on foreign direct investment.
    The data from the survey will provide benchmarks for deriving 
current universe estimates of direct investment from sample data 
collected in other BEA surveys in nonbenchmark years. In particular, 
they will serve as benchmarks for the quarterly direct investment 
estimates included in the U.S. international transactions and national 
income and product accounts, and for annual estimates of the foreign 
direct investment position in the United States and of the operations 
of the U.S. affiliates of foreign companies. Data from the benchmark 
survey are used by BEA to compute U.S. affiliates' gross product or 
value added, which is used to measure U.S. affiliates' share of U.S. 
gross domestic product and to evaluate affiliates' profitability and 
productivity. Data on employment by affiliates are used to link 
enterprise-level data on foreign-owned companies collected in the 
benchmark survey to establishment-level data for the same companies 
collected by the Census Bureau.
    The benchmark survey data also serve as general purpose statistics 
and, as such, are used to answer a wide variety of research and policy 
questions. International organizations--including the United Nations, 
International Monetary Fund, and Organization for Economic Cooperation 
and Development--use the data to help assess the impact of direct 
investment on the U.S. and foreign economies. Numerous private 
researchers--including researchers affiliated with the National Bureau 
of Economic Research--also use the data.
    Affected Public: Businesses or other for-profit institutions.
    Frequency: Quinquennial.
    Respondent's Obligation: Mandatory.
    Legal Authority: Title 22 U.S.C., Sections 3101-3108, as amended.
    OMB Desk Officer: Paul Bugg, [phone].
    Copies of the above information collection proposal can be obtained 
by calling or writing Linda Engelmeier, DOC Forms Clearance Officer, 
[phone], Department of Commerce, Room 5327, 14th and 
Constitution Avenue, NW, Washington, DC 20230.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of this notice to Paul Bugg, 
OMB Desk Officer, Room 10201, New Executive Office Building, 
Washington, DC 20503.


[[Page 52322]]


    Dated: October 2, 1997.
Linda Engelmeier,
Departmental Forms Clearance Officer, Office of Management and 
Organization.
[FR Doc. 97-26560 Filed 10-6-97; 8:45 am]
BILLING CODE 3510-06-P