Quarterly Survey of Transactions in Selected Services and Intangible Assets with Foreign Persons

ICR 201207-0608-001

OMB: 0608-0067

Federal Form Document

ICR Details
0608-0067 201207-0608-001
Historical Active 200910-0608-002
DOC/EASA 200707-0608-125
Quarterly Survey of Transactions in Selected Services and Intangible Assets with Foreign Persons
Extension without change of a currently approved collection   No
Regular
Approved without change 10/21/2012
Retrieve Notice of Action (NOA) 08/23/2012
Prior to the commencement of the Quarterly Survey of Transactions in Selected Services and Intangible Assets with Foreign Persons survey form distribution, the Bureau of Economic Analysis (BEA) shall provide on its Internet site prominent links to a complete set of finalized survey forms, including instructions and cover letters.
  Inventory as of this Action Requested Previously Approved
10/31/2015 36 Months From Approved 12/31/2012
8,000 0 8,800
98,000 0 98,800
0 0 0

This survey will obtain quarterly sample data on transactions between U.S. and foreign persons in intangible assets and services transactions. The data are needed, among other purposes, to support U.S. trade policy initiatives, including trade negotiations, and to compile the U.S. international transactions and the national income and product accounts.

PL: Pub.L. 94 - 472 3101-3108 Name of Law: International Investment and Trade in Services Survey Act
  
None

Not associated with rulemaking

  77 FR 25959 05/02/2012
77 FR 50083 08/20/2012
No

  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 8,000 8,800 0 0 -800 0
Annual Time Burden (Hours) 98,000 98,800 0 0 -800 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The estimated change in the burden hours is a decrease of 800 hours. This is an adjustment caused by a decrease, from 2,800 to 2,000, in the estimated number of other respondents meeting the (unchanged) requirements for filing on an annual basis. The average burden level remains at 16 hours per mandatory response and 1 hour per other responses. The new estimated annual respondent burden is 98,000 hours.

$1,239,200
Yes Part B of Supporting Statement
No
No
No
No
Uncollected
Christopher Emond 202 606-9826 [email protected]

  No

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.
08/23/2012


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