[Federal Register Volume 77, Number 25 (Tuesday, February 7, 2012)]
[Notices]
[Page 6057]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-2684]


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DEPARTMENT OF COMMERCE


Submission for OMB Review; Comment Request

    The Department of Commerce will submit 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).
    Title: Quarterly Survey of Foreign Direct Investment in the United 
States--Transactions of U.S. Affiliate with Foreign Parent.
    OMB Control Number: 0608-0009.
    Form Number(s): BE-605.
    Type of Request: Regular submission.
    Number of Responses: 16,000 annually.
    Average Hours per Response: One hour is the average, but may vary 
considerably among respondents because of differences in company size 
and complexity.
    Estimated Total Annual Burden Hours: 16,000.
    Needs and Uses: The Quarterly Survey of Foreign Direct Investment 
in the United States--Transactions of U.S. Affiliate with Foreign 
Parent (BE-605) is a sample survey that collects data on transactions 
and positions between foreign-owned U.S. business enterprises and their 
``affiliated foreign groups'' (i.e., their foreign parents and foreign 
affiliates of their foreign parents). The sample data are used to 
derive universe estimates in nonbenchmark years from similar data 
reported in the BE-12, Benchmark Survey of Foreign Direct Investment in 
the United States, which is conducted every five years. The data are 
used in the preparation of the U.S. international transactions, 
national income and product, and input-output accounts and the net 
international investment position of the United States. The data are 
needed to measure the size and economic significance of foreign direct 
investment in the United States, measure changes in such investment, 
and assess its impact on the U.S. economy.
    The Bureau of Economic Analysis (BEA) proposes the following 
changes to the survey: (1) The deletion of a check-box question that 
asks respondents whether they plan to expand their operation with a new 
facility (this information is no longer needed); and (2) design 
improvements to the survey form.
    Form BE-605 is a quarterly report that must be filed within 30 days 
after the end of each quarter (45 days after the final quarter of the 
respondent's fiscal year) by every U.S. business enterprise that is 
owned 10 percent or more by a foreign investor and that has total 
assets, sales or gross operating revenues, or net income (positive or 
negative) of over $60 million.
    As an alternative to filing paper forms, BEA will offer an 
electronic filing option, its eFile system, for use in reporting on 
Form BE-605. For more information about eFile, go to www.bea.gov/efile.
    Potential respondents are those U.S. business enterprises that were 
required to report in the BE-12, Benchmark Survey of Foreign Direct 
Investment in the United States--2007, along with those U.S. business 
enterprises that subsequently entered the direct investment universe. 
The data collected are sample data covering transactions and positions 
between foreign-owned U.S. business enterprises and their affiliated 
foreign groups. Universe estimates are developed from the reported 
sample data.
    Affected Public: Business or other for-profit organizations.
    Frequency: Quarterly.
    Respondent's Obligation: Mandatory.
    OMB Desk Officer: Paul Bugg, (202) 395-3093.
    Copies of the above information collection proposal can be obtained 
by calling or writing Jennifer Jessup, Departmental Paperwork Clearance 
Officer, (202) 482-0336, Department of Commerce, Room 6616, 14th and 
Constitution Avenue NW., Washington, DC 20230, or via email at 
[email protected].
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to Paul Bugg, OMB Desk Officer, FAX number (202) 395-7245, or via email 
at [email protected].

    Dated: February 2, 2012.
Glenna Mickelson,
Management Analyst, Office of Chief Information Officer.
[FR Doc. 2012-2684 Filed 2-6-12; 8:45 am]
BILLING CODE 3510-06-P