[Federal Register Volume 81, Number 149 (Wednesday, August 3, 2016)]
[Notices]
[Page 51182]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-18309]


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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), Commerce.
    Title: Quarterly Survey of U.S. Direct Investment Abroad--
Transactions of U.S. Reporter with Foreign Affiliate.
    OMB Control Number: 0608-0004.
    Form Number: BE-577.
    Type of Request: Regular submission.
    Number of Respondents: 2,090 U.S. parents filing for 16,720 foreign 
affiliates per quarter, 66,880 annually.
    Average Hours per Response: 1 hour is the average, but may vary 
considerably among respondents because of differences in company 
structure and complexity.
    Estimated Total Annual Burden Hours: 66,880.
    Needs and Uses: The Quarterly Survey of U.S. Direct Investment 
Abroad--Transactions of U.S. Reporter with Foreign Affiliate (Form BE-
577)--obtains quarterly data on transactions and positions between 
U.S.-owned foreign business enterprises and their U.S. parents. The 
survey is a sample survey that covers all foreign affiliates above a 
size-exemption level. The sample data are used to derive universe 
estimates in nonbenchmark years from similar data reported in the BE-
10, Benchmark Survey of U.S. Direct Investment Abroad, which is 
conducted 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. BEA's publications make the data available to answer any 
number of research and policy questions related to U.S. direct 
investment abroad.
    Affected Public: Businesses or other for-profit organizations.
    Frequency: Quarterly.
    Respondent's Obligation: Mandatory.
    This information collection request may be viewed at 
www.reginfo.gov. Follow the instructions to view Department of Commerce 
collections currently under review by OMB.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to OIRA [email protected] or fax to (202) 395-5806.

    Dated: July 28, 2016.
Glenna Mickelson,
Management Analyst, Office of the Chief Information Officer.
[FR Doc. 2016-18309 Filed 8-2-16; 8:45 am]
 BILLING CODE 3510-06-P