Notice2021-20945
Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Services Surveys: BE-185, Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons
Primary source
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Published
September 27, 2021
Issuing agencies
Commerce DepartmentEconomic Analysis Bureau
Full Text
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<title>Federal Register, Volume 86 Issue 184 (Monday, September 27, 2021)</title>
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[Federal Register Volume 86, Number 184 (Monday, September 27, 2021)]
[Notices]
[Page 53277]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-20945]
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DEPARTMENT OF COMMERCE
Bureau of Economic Analysis
Agency Information Collection Activities; Submission to the
Office of Management and Budget (OMB) for Review and Approval; Comment
Request; Services Surveys: BE-185, Quarterly Survey of Financial
Services Transactions Between U.S. Financial Services Providers and
Foreign Persons
The Department of Commerce will submit the following information
collection request to the Office of Management and Budget (OMB) for
review and clearance, in accordance with the Paperwork Reduction Act of
1995 (PRA), on or after the date of publication of this notice. We
invite the general public and other Federal agencies to comment on
proposed and continuing information collections, which helps us assess
the impact of our information collection requirements and minimize the
public's reporting burden. Public comments were previously requested
via the Federal Register on May 26, 2021, during a 60-day comment
period. This notice allows for an additional 30 days for public
comments.
Agency: Bureau of Economic Analysis, Department of Commerce.
Title: Quarterly Survey of Transactions between U.S. Financial
Services Providers and Foreign Persons.
OMB Control Number: 0608-0065.
Form Number(s): BE-185.
Type of Request: Regular submission, extension of a current
information collection.
Number of Respondents: 2,860 annually (715 filed each quarter; 580
reporting mandatory data, and 135 that would file exemption claims or
voluntary responses).
Average Hours per Response: 10 hours is the average for those
reporting data and one hour is the average for those filing an
exemption claim. Hours may vary considerably among respondents because
of differences in company size and complexity.
Burden Hours: 24,140 hours annually.
Needs and Uses: The data are needed to monitor U.S. trade in
financial services, to analyze the impact of these cross-border
services 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 trade in financial services component of the
U.S. international transactions accounts (ITAs) and national income and
product accounts (NIPAs).
Affected Public: Business or other for-profit organizations.
Frequency: Quarterly.
Respondent's Obligation: Mandatory.
Legal Authority: International Investment and Trade in Services
Survey Act (Pub. L. 94-472, 22 U.S.C. 3101-3108, as amended), and
Section 5408 of the Omnibus Trade and Competitiveness Act of 1988.
This information collection request may be viewed at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>. 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 submitted within 30 days of the publication of
this notice on the following website <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>.
Find this particular information collection by selecting ``Currently
under 30-day Review--Open for Public Comments'' or by using the search
function and entering either the title of the collection or the OMB
Control Number 0608-0065.
Sheleen Dumas,
Department PRA Clearance Officer, Office of the Chief Information
Officer, Commerce Department.
[FR Doc. 2021-20945 Filed 9-24-21; 8:45 am]
BILLING CODE 3510-06-P
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