[Federal Register Volume 75, Number 164 (Wednesday, August 25, 2010)]
[Notices]
[Page 52307]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-21093]


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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: Institutional Remittances to Foreign Countries.
    OMB Control Number: 0608-0002.
    Form Number(s): BE-40.
    Type of Request: Regular submission.
    Number of Respondents: 1,220.
    Average Hours per Response: 1.5 hours quarterly for 103 respondents 
and 1.5 hours annually for 1,117 respondents.
    Burden Hours: 2,294.
    Needs and Uses: The Institutional Remittances to Foreign Countries 
Survey (Form BE-40) is used by The Bureau of Economic Analysis (BEA) 
for the compilation of the U.S. international transactions accounts 
(ITAs), which it publishes quarterly in news releases, on its Web site, 
and in its monthly journal, the Survey of Current Business. These 
accounts provide a statistical summary of all U.S. international 
transactions and, as such, are one of the major statistical products of 
BEA. In addition, they provide input into other U.S. economic measures 
and accounts, contributing particularly to the National Income and 
Product Accounts. The ITAs are used extensively by both government and 
private organizations for national and international economic policy 
formulation and for analytical purposes. The information collected in 
this survey is used to develop the ``private remittances'' portion of 
the ITAs.
    The survey requests information from U.S. religious, charitable, 
educational, scientific, and similar organizations on transfers to 
foreign residents and organizations and their expenditures in foreign 
countries. The information is collected quarterly from organizations 
remitting $1 million or more each year, and annually for organizations 
remitting at least $100,000 but less than $1 million each year. 
Organizations with remittances of less than $100,000 in the year 
covered by the report are exempt from reporting. The survey is 
voluntary.
    Without this information, an integral component of the ITAs would 
be omitted. No other Government agency collects comprehensive 
quarterly/annual data on institutional remittances to foreign 
countries.
    Affected Public: Not-for-profit institutions.
    Frequency: Quarterly.
    Respondent's Obligation: Voluntary.
    OMB Desk Officer: Paul Bugg, (202) 395-3093.
    Copies of the above information collection proposal can be obtained 
by calling or writing Diana Hynek, Departmental Paperwork Clearance 
Officer, (202) 482-0266, Department of Commerce, Room 6616, 14th and 
Constitution Avenue, NW., Washington, DC 20230 (or via the Internet at 
<a href="/cdn-cgi/l/email-protection#fa9eb283949f91ba9e9599d49d958c"><span class="__cf_email__" data-cfemail="7b1f3302151e103b1f1418551c140d">[email protected]</span></a>).
    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 the 
Internet at <a href="/cdn-cgi/l/email-protection#bfcfddcad8d8ffd0d2dd91dad0cf91d8d0c9"><span class="__cf_email__" data-cfemail="116173647676517e7c733f747e613f767e67">[email protected]</span></a>.

    Dated: August 20, 2010.
Glenna Mickelson,
Management Analyst, Office of the Chief Information Officer.
[FR Doc. 2010-21093 Filed 8-24-10; 8:45 am]
BILLING CODE 3510-06-P


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