[Federal Register Volume 64, Number 152 (Monday, August 9, 1999)]
[Notices]
[Pages 43144-43145]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-20442]
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DEPARTMENT OF COMMERCE
Bureau of Economic Analysis
Institutional Remittances to Foreign Countries--BE-40; Proposed
Collection; Comment Request
AGENCY: Bureau of Economic Analysis, Department of Commerce.
SUMMARY: The Department of Commerce, as part of its continuing effort
to reduce paperwork and respondent burden, invites the general public
and other Federal agencies to take this opportunity to comment on
proposed and/or continuing information collections, as required by the
Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)).
DATES: Written comments must be submitted on or before October 8, 1999.
ADDRESSES: Direct all written comments to Linda Engelmeier,
Departmental Forms Clearance Officer, Department of Commerce, Room
5033, 14th and Constitution Avenue, NW, Washington, DC 20230 (or via
the Internet at LE[email protected]).
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the information collection instrument and instructions should
be directed to: Michael Mann, Chief, Current Account Services Branch,
Room 8018, Bureau of Economic Analysis, U.S. Department of Commerce,
Washington, DC 20230; phone: (202) 606-9573; and fax: (202) 606-5314.
SUPPLEMENTARY INFORMATION:
I. Abstract
The Bureau of Economic Analysis is responsible for the computation
and publication of the U.S. balance of payments accounts. The
information collected in this survey is an integral part of the
``private remittances'' portion of the U.S. balance of payments
accounts. The balance of payments accounts, which are published
quarterly in the Bureau's monthly publication, the Survey of Current
Business, are one of the major statistical products of BEA.
[[Page 43145]]
The accounts provide a statistical summary of U.S. international
transactions. They are used by government and private organizations for
national and international policy formulation, and analytical studies.
Without the information collected in this survey, an integral component
of the private remittances account would be omitted. No other
Government agency collects comprehensive annual data on private
unilateral transfers of funds and commodities to foreign countries.
The survey requests information from U.S. religious, charitable,
educational, scientific, and similar organizations on the transfer of
cash grants to foreign countries and their expenditures in foreign
countries. Information is collected on a quarterly basis from
institutions transferring $1 million or more each year, and annually
for all others. Nonprofit organizations with total remittances of less
than $25,000 annually are exempt from reporting.
II. Method of Collection
Information is obtained from U.S. religious, charitable,
educational, scientific, and similar organizations who voluntarily
agree to provide data regarding transfers of cash grants to foreign
countries and their expenditures in foreign countries. Submission of
the completed report form, or computer printouts in the format of the
report form, are the most expedient and economical methods of reporting
the information.
III. Data
OMB Number: 0608-0002.
Form Number: BE-40.
Type of Review: Renewal-regular submission.
Affected Public: U.S. religious, charitable, educational,
scientific, and similar organizations which transfer cash grants to
foreign countries and their expenditures in foreign countries.
Estimated Number of Respondents: 480.
Estimated Time Per Response: 1.5 hours per annual reporter. 6.0
hours per quarterly reporter.
Estimated Time Per Response: 1.5 hours per annual reporter. 6.0
hours per quarterly reporter.
Estimated Total Annual Burden Hours: 1,521 hours.
Estimated Total Annual Cost: The estimated annual cost to the
government is $16,000. The estimated annual cost to the public is
$45,630 based on total number of hours estimated as the reporting
burden and an estimated hourly cost of $30.
Respondent's Obligation: Voluntary.
Legal Authority: Bretton Woods Agreement Act, Section 8, and E.O.
10033, as amended.
IV. Request for Comments
Comments are invited on: (a) Whether the proposed collection of
information is necessary for the proper performance of the functions of
the agency, including whether the information shall have practical
utility; (b) the accuracy of the agency's estimate of burden (including
hours and cost) of the proposed collection of information; (c) ways to
enhance the quality, utility, and clarity of the information to be
collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology.
Comments submitted in response to this notice will be summarized and/or
included in the request for OMB approval of this information
collection; they also will become a matter of public record.
Dated: August 3, 1999.
Linda Engelmeier,
Departmental Forms Clearance Officer, Office of the Chief Information
Officer.
[FR Doc. 99-20442 Filed 8-6-99; 8:45 am]
BILLING CODE 3510-EA-P