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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
0608-0009
ICR Reference No:
200612-0608-004
Status:
Historical Active
Previous ICR Reference No:
200510-0608-001
Agency/Subagency:
DOC/EASA
Agency Tracking No:
200712-0608-004
Title:
Transactions of U.S.Affiliate With Foreign Parent, and Transactions of U.S. Banking Affiliate With Foreign Parent
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
02/09/2007
Retrieve Notice of Action (NOA)
Date Received in OIRA:
12/21/2006
Terms of Clearance:
The Bureau of Economic Analysis will request a no material/nonsubstantive change to a currently approved collection through ROCIS as soon as it modifies and finalizes the complete set of IC forms/documents for the Transactions of U.S.Affiliate With Foreign Parent, and Transactions of U.S. Banking Affiliate With Foreign Parent and before they are used to collect information from the public. The documents approved for this ICR are those with the latest date for each individual document type.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
02/28/2010
36 Months From Approved
11/30/2008
Responses
15,800
0
15,800
Time Burden (Hours)
15,800
0
19,750
Cost Burden (Dollars)
0
0
0
Abstract:
Secures data on transactions between U.S. business enterprises and their affiliated foreign groups needed to compile 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 size and economic significance of foreign investment in the U.S., measure changes in such investment, and assess its impact on the U.S. and foreign economies.
Authorizing Statute(s):
PL:
Pub.L. 94 - 472 3101-3108
Name of Law: International Investment and trade in Services survey Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
71 FR 58578
10/04/2006
30-day Notice:
Federal Register Citation:
Citation Date:
71 FR 75498
12/15/2006
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Transactions of U.S.Affiliate With Foreign Parent, and Transactions of U.S. Banking Affiliate With Foreign Parent
BE-605, BE-605BANK
Transactions of a U.S. Affiliate, Except a U.S. Banking Affiliate, with Foreign Parent
,
Transactions of a U.S. Banking affiliate with Foreign Parent
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
15,800
15,800
0
0
0
0
Annual Time Burden (Hours)
15,800
19,750
0
-3,950
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
Yes
Burden Reduction Due to:
Changing Forms
Short Statement:
Delete questions from Form BE-605 and BE-605 Bank requesting information on receipts and payments for services transactions between the U.S. business enterprise and its affiliated foreign groups. BEA has proposed to include these questions on its surveys covering trade in services, beginning with the first quarter of calendar year 2007.
Annual Cost to Federal Government:
$950,000
Does this IC contain surveys, censuses, or employ statistical methods?
Yes
Part B of Supporting Statement
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
Uncollected
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
Uncollected
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
Uncollected
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Obie Whichard 202 606-9890 obie.whichard@bea.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
12/21/2006
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