98-3481. Submission for OMB Review; Comment Request  

  • [Federal Register Volume 63, Number 28 (Wednesday, February 11, 1998)]
    [Notices]
    [Page 6889]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 98-3481]
    
    
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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: Direct Transactions of U.S. Reporter with Foreign Affiliate.
        Form Number(s): BE-577.
        Agency Approval Number: 0608-0004.
        Type of Request: Revision of a currently approved collection.
        Burden: 64,000 hours.
        Number of Respondents: 12,800 respondents, 4 responses each per 
    year.
        Avg Hours Per Response: 1\1/4\ hours.
        Needs and Uses: The survey collects quarterly sample data on 
    transactions and positions between U.S.-owned foreign business 
    enterprises and their U.S. parents. Universe estimates are developed 
    from the reported sample data. The data are needed to compile the U.S. 
    international transactions, input-output, and national income and 
    product accounts, and the international investment position of the 
    United States. The data are also needed to measure the economic 
    significance of U.S. direct investment abroad, measure changes in such 
    investment, and assess its importance.
        In addition, the data are needed by the Departments of Treasury, 
    State, and Commerce, the Office of the U.S. Trade Representative, and 
    the Council of Economic Advisers to carry out U.S. international 
    economic policy. They are also needed by the Federal Reserve Board in 
    the conduct of U.S. monetary policy. Such policy must be based upon an 
    informed analysis of current information on cross border transactions, 
    including transactions between U.S. affiliates and their foreign 
    parents. The data are particularly valuable to these agencies because 
    they are collected, analyzed, and published within 90 days after the 
    end of each calendar quarter, allowing data users to see the 
    consequences of changes in economic conditions almost immediately.
        Affected Public: Businesses or other for-profit institutions.
        Frequency: Quarterly.
        Respondent's Obligation: Mandatory.
        Legal Authority: Title 22 U.S.C., Sections 3101-3108, as amended.
        OMB Desk Officer: Paul Bugg, (202) 395-3093.
        Copies of the above information collection proposal can be obtained 
    by calling or writing Linda Engelmeier, DOC Forms Clearance Officer, 
    (202) 482-3272, Department of Commerce, Room 5732, 14th Street and 
    Constitution Avenue, NW, Washington, DC 20230.
        Written comments and recommendations for the proposed information 
    collection should be sent within 30 days of publication of this notice 
    to Paul Bugg, OMB Desk Officer, Room 10201, New Executive Office 
    Building, Washington, DC 20503.
    
        Dated: February 6, 1998.
    Linda Engelmeier,
    Departmental Forms Clearance Officer, Office of Management and 
    Organization.
    [FR Doc. 98-3481 Filed 2-10-98; 8:45 am]
    BILLING CODE 3510-06-P
    
    
    

Document Information

Published:
02/11/1998
Department:
Commerce Department
Entry Type:
Notice
Document Number:
98-3481
Pages:
6889-6889 (1 pages)
PDF File:
98-3481.pdf