[Federal Register Volume 78, Number 32 (Friday, February 15, 2013)]
[Notices]
[Page 11141]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-03607]


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DEPARTMENT OF COMMERCE

Bureau of Economic Analysis

[Docket No. 130103005-3005-01]
XRIN 0691-XC002


BE-577: Quarterly Survey of U.S. Direct Investment Abroad-- 
Direct Transactions of U.S. Reporter With Foreign Affiliate

AGENCY: Bureau of Economic Analysis, Commerce.

ACTION: Notice of reporting requirements.

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SUMMARY: By this Notice, the Bureau of Economic Analysis, Department of 
Commerce, is informing the public that it is conducting the mandatory 
surveys titled BE-577, Quarterly Survey of U.S. Direct Investment 
Abroad--Direct Transactions of U.S. Reporter with Foreign Affiliate. 
This survey is authorized by the International Investment and Trade in 
Services Survey Act.

SUPPLEMENTARY INFORMATION: This Notice constitutes legal notification 
to all United States persons (defined below) who meet the reporting 
requirements set forth in this Notice that they must respond to, and 
comply with, the surveys. Reports are due 30 days after the close of 
each calendar or fiscal quarter end; 45 days if the report is for the 
final quarter of the financial reporting year. The BE-577 survey forms 
and instructions are available on the BEA Web site at www.bea.gov/internationallindex.htm#surveys.

Definitions

    (a) United States, when used in a geographic sense, means the 50 
States, the District of Columbia, the Commonwealth of Puerto Rico, and 
all territories and possessions of the United States.
    (b) Foreign when used in a geographic sense, means that which is 
situated outside the United States or which belongs to or is 
characteristic of a country other than the United States.
    (c) Person means any individual, branch, partnership, associated 
group, association, estate, trust, corporation, or other organization 
(whether or not organized under the laws of any State), and any 
government (including a foreign government, the United States 
Government, a State or local government, and any agency, corporation, 
financial institution, or other entity or instrumentality thereof, 
including a government-sponsored agency).
    (d) Business enterprise means any organization, association, 
branch, or venture that exists for profit making purposes or to 
otherwise secure economic advantage, and any ownership of any real 
estate.

Who Must Report

    (a) The quarterly Form BE-577 is required from each U.S. person 
that has a direct and/or indirect ownership interest of at least 10 
percent of the voting stock in an incorporated foreign business 
enterprise or an equivalent interest in an unincorporated foreign 
business enterprise and that meets the additional conditions detailed 
in Form BE-577.
    (b) Entities required to report will be contacted individually by 
the Bureau of Economic Analysis (BEA). Entities not contacted by BEA 
have no reporting responsibilities.
    What To Report: The survey collects information on transactions 
between parent companies and their affiliates and on direct investment 
positions (stocks).
    How To Report: Reports can be filed using BEA's electronic 
reporting system at www.bea.gov/efile. Copies of the survey forms and 
instructions, which contain complete information on reporting 
procedures and definitions, may be obtained at the BEA Web site given 
above. Form BE-577 inquiries can be made by phone to (202) 606-5557 or 
by sending an email to [email protected].
    When To Report: Reports are due to BEA 30 days after the close of 
each calendar or fiscal quarter; 45 days if the report is for the final 
quarter of the financial reporting year.
    Paperwork Reduction Act Notice: This data collection has been 
approved by the Office of Management and Budget (OMB) in accordance 
with the Paperwork Reduction Act and assigned control number 0608-0004. 
An agency may not conduct or sponsor, and a person is not required to 
respond to, a collection of information unless it displays a valid 
control number assigned by OMB. Public reporting burden for these 
collections of information are estimated to average 1 hour per 
response. Send comments regarding this burden estimate to Director, 
Bureau of Economic Analysis (BE-1), U.S. Department of Commerce, 
Washington DC 20230; and to the Office of Management and Budget, 
Paperwork Reductions Project 0608-0004, Washington DC 20503.

    Authority: 22U.S.C. 3101-3108.

J. Steven Landefeld,
Director, Bureau of Economic Analysis.
[FR Doc. 2013-03607 Filed 2-14-13; 8:45 am]
BILLING CODE 3510-06-P