OMB is approving
the revised forms sent by BEA on Wed 7/9/2008 as shown in the OIRA
Review/Edit ICR Package section.
Inventory as of this Action
Requested
Previously Approved
07/31/2011
36 Months From Approved
6,000
0
0
1,000
0
0
0
0
0
BEA needs information on international
travel expenditures by method of payment in order to improve the
travel component of the US international transactions accounts.
These data will be used in conjunction with data on credit card
transactions to estimate travel expenditures by US travelers abroad
and by foreign travelers in the US. Respondents are US and foreign
travelers that are passing through US international airports upon
completion of their travel abroad and in the US,
respectively.
EO: EO
10033 Name/Subject of EO: Bretton Woods Agreements Act
The survey of international
travel expenditures is authorized by the Bretton Woods Agreements
Act, Section 8, and E.O. 10033, as amended. The Act allows the
Commerce Department to collect the data necessary to produce the
U.S. international transactions accounts, which are part of the
U.S. obligations to the International Monetary Fund. The Bureau of
Economic Analysis (BEA) produces the International Transactions
Accounts (ITAs) of the United States. These accounts provide a
comprehensive and detailed view of economic transactions between
the United States and other countries. In addition, they provide
input into other estimates throughout BEA, contributing
particularly to the National Income and Product Accounts. They are
used extensively by both government and private organizations for
national and international economic policy formulation and for
analytical purposes. The services transactions accounts are
contained within the current account of the ITAs and are divided
into several major categories. Travel is a major component of trade
in services in the ITAs, accounting for over 20 percent of both
exports and imports of services in 2006. BEA has identified
weaknesses in the data covering travel expenditures. The
information collection is necessary for improving the quality of
the travel component of the ITAs. BEA seeks to improve the quality
of these important estimates by using data on credit card
transactions to form the core of the travel estimates. Because
these data would be based on business records and account for a
large portion of travel expenditures, their use would greatly
improve the accuracy of the travel estimates. In order to create
universe estimates of travel using credit card data, a survey of
international travelers (U.S. travelers abroad and foreign visitors
to the United States) is needed to estimate those transactions
involving other means of payment. This survey of travelers is the
subject of this supporting statement. The survey will ask U.S. and
foreign travelers passing through U.S. international airports upon
completion of their trip to report their expenditures by method of
payment. The method of combining data from business records with an
efficient statistical survey of travelers will be a major
improvement to the travel estimates.
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.