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[Federal Register Volume 62, Number 237 (Wednesday, December 10, 1997)]
[Notices]
[Pages 65061-65062]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-32283]

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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.
    Title: Transactions of U.S. Affiliate, Except A U.S.Banking 
Affiliate, with Foreign Parent (BE-605); and Transactions of U.S. 
Banking Affiliate with Foreign Parent (BE-605 Bank).
    Form Number(s): BE-605, BE-605 Bank.
    Agency Approval Number: 0608-0009.
    Type of Request: Revision of a currently approved collection.
    Burden: 19,750 hours.
    Number of Respondents: 3,950 respondents, 4 responses each per 
year.
    Avg Hours Per Response: 1\1/4\ hours.
    Needs and Uses: The survey collects quarterly sample data on 
transactions and positions between foreign-owned U.S. business 
enterprises and their foreign parents. Universe estimates are developed 
from the reported sample data. The data are needed to compile the

[[Page 65062]]

U.S. international transactions and national income and product 
accounts, and the international investment position of the United 
States. The data are also needed to measure the economic significance 
of foreign direct investment in the United States, measure changes in 
such investment, and assess its importance.
    In addition, the data are needed by the Council of Economic 
Advisors, the Federal Reserve Board, and the Treasury Department in the 
conduct of U.S. international monetary policy. Such policy must be 
based upon an informed analysis of current information on cross border 
transactions, including transactions between U.S. affiliates and their 
foreign parents. The data are particularly valuable to these agencies 
because they are collected, analyzed, and published within 90 days 
after the end of each calendar quarter, allowing data users to see the 
consequences of changes in economic conditions almost immediately.
    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.
    Copies of the above information collection proposal can be obtained 
by calling or writing Linda Engelmeier, DOC Forms Clearance Officer, 
(202) 482-3272, Department of Commerce, Room 5327, 14th Street and 
Constitution Avenue, NW, Washington, DC 20230.
    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, Room 10201, New Executive Office 
Building, Washington, DC 20503.

    Dated: December 4, 1997.
Linda Engelmeier,
Departmental Forms Clearance Officer, Office of Management and 
Organization.
[FR Doc. 97-32283 Filed 12-9-97; 8:45 am]
BILLING CODE 3510-06-P
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