In accordance with 5 USC 1320, OMB approves the "BE-11C Survey of U.S. Direct Investment Abroad," subject to three conditions. First, the exemption level for reporting on the BE-11C form be set at 20% ownership in a foreign affiliate with assets over $10 million. Second, if the U.S. Reporter owns between 10% and 20% of a foreign affiliate and the assets of the affiliate exceed $100 million, the U.S. Reporter shall report, for 1987 only, data on assets, sales, and net income. Third, BEA shall evaluate the time it takes to assemble and present the data collected from this survey, and report back to OMB by September 1st, 1988 on what steps have been taken to ensure more timely publication of the data.
Inventory as of this Action
Requested
Previously Approved
07/31/1990
07/31/1990
07/31/1987
1,220
0
2,100
80,900
0
80,500
0
0
0
SECURES DATA ON CURRENT OPERATION OF U.S. PARENT COMPANIES AND THEIR FOREIGN AFFILIATE INCLUDING BALANCE SHEETS, INCOME STATEMENTS, TRADE, AND EMPLOYMENT, WI EMPHASIS ON SERVICES. REQUIRED FOR THE PREPARATION AND ANALYSIS OF U.S. INTERNATIONAL INVESTMENT, FOR USE IN REPRESENTING THE U.S. IN INTERNATIONAL FOR A AND IN BILATERAL NEGOTIATIONS WITH FOREIGN COUNTRIES, AND TO OTHERWISE ASSIST IN THE DEVELOPMENT AND
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.