Notice2024-26165
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
November 12, 2024
Issuing agencies
Commerce DepartmentEconomic Analysis Bureau
Full Text
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<title>Federal Register, Volume 89 Issue 218 (Tuesday, November 12, 2024)</title>
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[Federal Register Volume 89, Number 218 (Tuesday, November 12, 2024)]
[Notices]
[Page 88952]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-26165]
[[Page 88952]]
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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 August 5, 2024, 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 Financial Services 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.
Estimated Number of Respondents: 2,860 annually (715 filed each
quarter; 580 reporting mandatory data, and 135 that would file
exemption claims or voluntary responses).
Estimated Time per Response: 10 hours is the average for the 715
respondents filing mandatory data and 1 hour for those filing an
exemption claim or voluntary response. Hours may vary considerably
among respondents because of differences in company size and
complexity.
Estimated Total Annual Burden Hours: 23,740.
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).
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,
Departmental PRA Clearance Officer, Office of the Under Secretary of
Economic Affairs, Commerce Department.
[FR Doc. 2024-26165 Filed 11-8-24; 8:45 am]
BILLING CODE 3510-06-P
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