Prior to the commencement of the Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and 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
2,700
0
2,500
22,500
0
16,900
0
0
0
This survey will be used in monitoring U.S. exports and imports of financial services, analyzing their impact on the U.S. and foreign economies, compiling the international transactions, national income and product, and input-output accounts on the United States, supporting U.S. international trade policy on financial services, assessing U.S. competitiveness in international trade in financial services, and improving the ability of U.S. businesses to identify and evaluate market opportunities.
The estimated change in the burden hours is an increase of 5,600 hours. This is an adjustment caused by 1) an increase, from 1,600 to 2,200, in the estimated number of mandatory respondents meeting the (unchanged) requirements for filing on an annual basis and 2) a decrease, from 900 to 500, in other responses per year. The average burden level remains at 10 hours per mandatory response and 1 hour per other responses. The new estimated annual respondent burden is 22,500 hours.
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.
Form BE-185 Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons (Private Sector Mandatory)
BE-185 support sttmt section B Version 3.doc
Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons (Private Sector Mandatory)