Transactions of U.S.Affiliate With Foreign Parent, and Transactions of U.S. Banking Affiliate With Foreign Parent

Forms and Documents

Document Name	Status
Form BE-605BANK Transactions of U.S.Affiliate With Foreign Parent, and Transactions of U.S. Banking Affiliate With Foreign Parent Form	Modified
SupportingstatementB.doc Supporting Statement B	2006-12-11
Supporting Statement A for Form BE.doc Supporting Statement A	2006-12-11

IC Document Collections

IC ID	Document Title	Status
3692	Transactions of U.S.Affiliate With Foreign Parent, and Transactions of U.S. Banking Affiliate With Foreign Parent Form	Modified

ICR Details

OMB Control No: 0608-0009	ICR Reference No: 200612-0608-004
Status: Historical Active	Previous ICR Reference No: 200510-0608-001
Agency/Subagency: DOC/EASA	Agency Tracking No: 200712-0608-004
Title: Transactions of U.S.Affiliate With Foreign Parent, and Transactions of U.S. Banking Affiliate With Foreign Parent
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/09/2007
	Date Received in OIRA: 12/21/2006
Terms of Clearance: The Bureau of Economic Analysis will request a no material/nonsubstantive change to a currently approved collection through ROCIS as soon as it modifies and finalizes the complete set of IC forms/documents for the Transactions of U.S.Affiliate With Foreign Parent, and Transactions of U.S. Banking Affiliate With Foreign Parent and before they are used to collect information from the public. The documents approved for this ICR are those with the latest date for each individual document type.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2010	36 Months From Approved	11/30/2008
Responses	15,800	0	15,800
Time Burden (Hours)	15,800	0	19,750
Cost Burden (Dollars)	0	0	0

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Abstract: Secures data on transactions between U.S. business enterprises and their affiliated foreign groups needed to compile U.S. international transactions, input-output, and national income and product accounts and the international investment position of the United States. The data are also needed to measure the size and economic significance of foreign investment in the U.S., measure changes in such investment, and assess its impact on the U.S. and foreign economies.

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Authorizing Statute(s): PL: Pub.L. 94 - 472 3101-3108 Name of Law: International Investment and trade in Services survey Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 58578	10/04/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 75498	12/15/2006
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Transactions of U.S.Affiliate With Foreign Parent, and Transactions of U.S. Banking Affiliate With Foreign Parent	BE-605, BE-605BANK	Transactions of a U.S. Banking affiliate with Foreign Parent ,   Transactions of a U.S. Affiliate, Except a U.S. Banking Affiliate, with Foreign Parent

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	15,800	15,800	0	0	0	0
Annual Time Burden (Hours)	15,800	19,750	0	-3,950	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Changing Forms

Short Statement: Delete questions from Form BE-605 and BE-605 Bank requesting information on receipts and payments for services transactions between the U.S. business enterprise and its affiliated foreign groups. BEA has proposed to include these questions on its surveys covering trade in services, beginning with the first quarter of calendar year 2007.

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Annual Cost to Federal Government: $950,000

Does this IC contain surveys, censuses, or employ statistical methods? Yes Part B of Supporting Statement

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/21/2006

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