[Federal Register Volume 68, Number 155 (Tuesday, August 12, 2003)]
[Notices]
[Pages 47907-47908]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-20495]


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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 (BEA), Commerce.
    Title: Direct Transactions of U.S. Reporter with Foreign Affiliate.
    Form Number(s): BE-577.
    Agency Approval Number: 0608-0004.
    Type of Request: Extension of a currently approved collection 
without any change in the substance or in the method of collection.
    Burden: 67,500 hours.
    Number of Respondents: 13,500 respondents, 4 responses each per 
year.
    Avg Hours Per Response: 1\1/4\ hours.
    Needs and Uses: The survey obtains quarterly sample data on 
transactions and positions between U.S.-owned foreign business 
enterprises and their U.S. parent companies. The survey is a cut-off 
sample survey that covers all foreign affiliates above a size-exemption 
level. The sample data are used to derive universe estimates in 
nonbenchmark years by extrapolating forward similar data reported in 
the BE-10, Benchmark Survey of U.S. Direct Investment Abroad, which is 
taken

[[Page 47908]]

every five years. The data are used in the preparation of the U.S. 
international transactions accounts, the input-output accounts, the 
national income and product accounts, and the international investment 
position of the United States. The data are needed to measure the size 
and economic significance of direct investment abroad, measure changes 
in such investment, and assess its impact on the U.S. and foreign 
economies.
    The data from the survey are primarily intended as general purpose 
statistics. They should be readily available to answer any number of 
research and policy questions related to U.S. direct investment abroad. 
In addition, the data are needed by Government agencies that are 
responsible for the conduct of U.S. international economic policy. Such 
policy must be based on an informed analysis of current information on 
the transactions of U.S. parent companies and their foreign affiliates. 
The data are particularly valuable to these agencies because they are 
collected, analyzed, and published within 65 days after the end of each 
calendar quarter, allowing data users to see the consequences of 
changes in economic conditions very soon after they occur.
    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.
    You may obtain copies of the above information collection proposal 
by calling or writing Diana Hynek, Departmental Paperwork Clearance 
Officer, Office of the Chief Information Officer, Department of 
Commerce, Room 6625, 14th Street and Constitution Avenue, NW., 
Washington, DC 20230, or via the Internet at [email protected], ((202) 
482-0266).
    Send comments on the proposed information collection within 30 days 
of publication of this notice to Paul Bugg, OMB Desk Officer, via the 
Internet at [email protected] or by fax at (202) 395-7245.

    Dated: August 6, 2003.
Madeleine Clayton,
Management Analyst, Office of the Chief Information Officer.
[FR Doc. 03-20495 Filed 8-11-03; 8:45 am]
BILLING CODE 3510-06-P