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pdfOMB No. 0608-0065: Approval Expires 12/31/2015
BEA USE ONLY
Control number
BE-185
U.S. DEPARTMENT OF COMMERCE
FORM
(3-2015)
BUREAU OF ECONOMIC ANALYSIS
QUARTERLY SURVEY OF FINANCIAL SERVICES TRANSACTIONS BETWEEN U.S.
FINANCIAL SERVICES PROVIDERS AND FOREIGN PERSONS
(This report is mandatory and confidential.)
Name and address of U.S. Reporter –
Enter or correct as necessary
10001
1
10002
1
10003
1
10004
1
Complete and file this form or file electronically at http://www.bea.gov/efile.
Assistance is available via phone (202) 606–5588, M–F 8:30 A.M. – 5:00 P.M., eastern time or via e-mail at [email protected].
Please include the form name and number in all correspondences.
How to file:
Step 1. Verify or correct name and address of the U.S. Reporter named in the mailing label and complete Part 1.
Step 2.
Complete Part 2 and Schedules A and B based on the instructions given in Part 2.
Step 3.
File the completed form within 45 days after the close of each fiscal quarter (or within 90 days after
the close of the final quarter of your fiscal year).
By filing electronically at:
http://www.bea.gov/efile
e-mailing to:
[email protected]
mailing to:
U.S. Department of Commerce
Bureau of Economic Analysis
BE-50(SSB)
Washington, DC 20230
delivering to:
U.S. Department of Commerce
Bureau of Economic Analysis
BE-50(SSB)
Shipping and Receiving Section M-100
1441 L Street, NW
Washington, DC 20005
or faxing to:
(202) 606-5318
PART 1 Section A
1. Person to consult concerning questions
about this report
10005
1
Name
10006
1
Title
10007
1
10008
1
10009
1
Telephone number (
FAX number (
)
3. Certification — The undersigned official certifies that
this report has been prepared in accordance with the
applicable instructions, is complete, and is
substantially accurate except that, in accordance with
VI.G of the General Instructions, estimates may have
been prepared where the data are not available from
customary accounting records or precise data could
not be obtained without undue burden.
)
E-mail address
2. May we use e-mail to correspond with you to discuss
questions relating to this form, including questions that
may contain information about your company that you
may consider confidential? (Note: Electronic mail is not
inherently confidential. We will treat information we
receive as confidential but your e-mail is not necessarily
secure against interception by a third party.)
10010
1
1
2
Authorized official’s signature
Print or type name and title
Yes
No
Base prints black
BE-185, page 1, Pantone 3375 green, 30% tone
Date
Part 1
4. What period does this quarterly report cover?
Month Day
10011
Year
1
Beginning date .....................
Month Day
Year
2
2015
Ending date ..........................
5. Enter the 4-digit code that best describes the major activity of the U.S. Reporter from the
Summary of Industry Classifications found on pages 12 and 13 of the General Instructions.
10012
1
6. What is the primary Employer Identification Number used by the U.S. Reporter to file U.S.
income or payroll taxes?
10013
1
—
7. Was the U.S. reporter in existence during the entire reporting period?
10014
1
1
1
Yes – Skip question 8.
2
No – If purchased by another U.S. financial services provider complete 8 below. Otherwise, complete the
report for the time you were in existence and, in the space at the bottom of this page, explain why you
did not exist as a separate company for a part of the period.
8. During the reporting period identified in 4, did another U.S. financial services provider own more than 50
percent of the voting stock of the U.S. reporter named in the mailing label on page 1?
10015
1
1
1
2
Yes
Enter the name and
address of the
controlling U.S. person
or entity in the box and
please return this form according to the instructions
on page 1.
10016
10017
1
Name
1
Street
1
City
10018
2
State
3
ZIP Code
No – Continue with completion of the form.
Comments
Page 2
FORM BE-185 (3-2015)
Part 2
9. Follow the steps in the section below to determine whether you must complete the mandatory tables or
whether you are requested to complete the voluntary tables of Schedules A and B on pages 4 and 5.
Step 1
This survey covers transactions in financial services by U.S.
financial services providers. Please check a box below to
indicate which types of financial services transactions (either
sales or purchases), if any, occurred between the U.S. reporter
and foreign persons in the reporting period in item 4.
Step 2
Step 3
Sales of financial
services
Purchases of financial
services
Mark all that apply. Complete descriptions are available in
Section IV of the General Instructions.
Service
Type of Service
code
Brokerage services related to equity
transactions . . . . . . . . . . . . . . . . . . . . . .
1
20001
1
2
1
Yes
2
No
3
1
Yes
2
No
Other brokerage services . . . . . . . . . . . . .
2
20002
1
2
1
Yes
2
No
3
1
Yes
2
No
Underwriting and private placement services
3
20003
1
2
1
Yes
2
No
3
1
Yes
2
No
Financial management services . . . . . . . .
4
20004
1
2
1
Yes
2
No
3
1
Yes
2
No
Credit-related services, except credit card
services . . . . . . . . . . . . . . . . . . . . . . . . .
5
20005
1
2
1
Yes
2
No
3
1
Yes
2
No
Credit card services . . . . . . . . . . . . . . . .
6
20006
1
2
1
Yes
2
No
3
1
Yes
2
No
Financial advisory and custody services . .
7
20007
1
2
1
Yes
2
No
3
1
Yes
2
No
Securities lending services . . . . . . . . . . .
8
20008
1
2
1
Yes
2
No
3
1
Yes
2
No
Electronic funds transfer services . . . . . . .
9
20009
1
2
1
Yes
2
No
3
1
Yes
2
No
Other financial services . . . . . . . . . . . . . .
10
20010
1
2
1
Yes
2
No
3
1
Yes
2
No
10. Did the U.S. reporter have any transactions, either sales or purchases, in any of the financial
services covered by this survey? (Did you place a check next to any of the activities listed in
step 1 of question 9?)
20011
1
1
2
Yes – Report mandatory transactions in Table 1 of the appropriate schedule and voluntary transactions in
Table 2 of the appropriate schedule and return pages 1 through 5 according to the instructions on
page 1.
No – Return pages 1 through 3 according to the instructions on page 1.
11. Did your total sales of financial services marked "Yes" in Step 2 exceed $20 million in the
prior fiscal year or are they expected to exceed that amount in your current fiscal year?
20012
1
1
2
Yes – If "Yes" then reporting on Schedule A, Table 1 is mandatory for each service marked "Yes."
No – If "No" then voluntary reporting on Schedule A, Table 2 is requested for each service
marked "Yes."
12. Did your total purchases of financial services marked "Yes" in Step 3 exceed $15 million in
the prior fiscal year or are they expected to exceed that amount in your current fiscal year?
20013
1
1
2
Yes – If "Yes" then reporting is mandatory on Schedule B, Table 1 for each service marked "Yes."
No – If "No" then voluntary reporting on Schedule B, Table 2 is requested for each service
marked "Yes."
FORM BE-185 (3-2015)
Base prints black
Page 3
BE-185, page 3, Pantone 3375 green, 30% tone
SCHEDULE A — U.S. Reporter’s Sales of Financial Services to Foreign Persons
• For each service marked Yes in Step 2 of question 9, reporting is mandatory in Table 1 below.
• For additional instructions, see the General Instruction A.1.a. and A.1.b.
• Report all currency amounts in thousands of U.S. dollars. Example: If the amount is $1,555,555.00 report as 1, 556.
• Round amounts of less than $500.00 to 0.
• In the column heading for Tables 1 and 2, enter the Service Code as found in Step 1 of question 9.
• Use additional copied sheets or the attached overflow sheets as necessary.
U.S. Reporter’s Sales of Financial Services to Foreign Persons
REPORT IN THOUSANDS OF U.S. DOLLARS
Service code
Service code
BEA USE
ONLY
SALES TO
Foreign
affiliates
(1)
BEA USE ONLY
(3)
(2)
Foreign parent(s)
and foreign
affiliates of
foreign parent(s)
(4)
Unaffiliated
foreign
persons
Foreign
affiliates
(5)
(6)
Foreign parent(s)
and foreign
affiliates of
foreign parent(s)
(7)
Unaffiliated
foreign
persons
(8)
1
2
3
4
5
6
7
8
002 1
A1000
Table 1 –
Mandatory data —
601 2
3
4
5
6
7
8
003 1 302 2
004 1 252 2
3
4
5
6
7
8
3
4
5
6
7
8
005 1 100 2
006 1 266 2
3
4
5
6
7
8
3
4
5
6
7
8
007 1 650 2
008 1 307 2
3
4
5
6
7
8
3
4
5
6
7
8
009 1 308 2
010 1 611 2
3
4
5
6
7
8
3
4
5
6
7
8
011 1 313 2
3
4
5
6
7
8
012 1 314 2
013 1 614 2
3
4
5
6
7
8
3
4
5
6
7
8
014 1 316 2
015 1 319 2
3
4
5
6
7
8
3
4
5
6
7
8
016 1 320 2
017 1 625 2
3
4
5
6
7
8
3
4
5
6
7
8
018 1 324 2
3
4
5
6
7
8
019 1
325 2
020 1
327 2
3
3
4
4
5
5
6
6
7
7
8
8
20.
21.
021 1
2
3
4
5
6
7
8
022 1
2
3
4
5
6
7
8
22.
23.
023 1
2
3
4
5
6
7
8
024 1
2
3
4
5
6
7
8
24.
25.
26.
27.
025 1
2
3
4
5
6
7
8
026 1
2
3
4
5
6
7
8
027 1
2
3
4
5
6
7
8
028 1
2
3
4
5
6
7
8
1
2
3
4
5
6
7
8
1
2
3
4
5
6
7
8
1. Australia
2. Belgium
3. Bermuda
4. Canada
5. Cayman Islands
6. China
7. France
8. Germany
9. Hong Kong
10. Ireland
11. Italy
12. Japan
13. Luxembourg
14. Netherlands
15. Norway
16. Singapore
17. Sweden
18. Switzerland
19. United Kingdom
Other – Specify country
28. All countries,
total
29. Table 2 – Voluntary
data – Complete if total
sales for all types of
transactions are $20
million or less
annually. (See A.1.b.
of Instructions.)
001
029
709
30. If you reported data under service code 10, Other financial services, specify the major type of service:
030
BEA USE ONLY
031 1
2
3
4
5
6
8
FORM BE-185 (3-2015)
Page 4
BE-185, Page 4, Base (Black)
7
BE-185, Page 4, Pantone 3375 green, 30% tone
SCHEDULE B — U.S. Reporter’s Purchases of Financial Services from Foreign Persons
• For each service marked Yes in Step 3 of question 9, reporting is mandatory in Table 1 below.
• For additional instructions, see the General Instruction A.1.a. and A.1.b.
• Report all currency amounts in thousands of U.S. dollars. Example: If the amount is $1,555,555.00 report as 1, 556.
• Round amounts of less than $500.00 to 0.
• In the column heading for Tables 1 and 2, enter the Service Code as found in Step 1 of question 9.
• Use additional copied sheets or the attached overflow sheets as necessary.
U.S. Reporter’s Purchases of Financial Services from Foreign Persons
REPORT IN THOUSANDS OF U.S. DOLLARS
Service code
Service code
BEA USE
ONLY
PURCHASES FROM
Foreign
affiliates
(1)
BEA USE ONLY
(3)
(2)
Foreign parent(s)
and foreign
affiliates of
foreign parent(s)
(4)
Unaffiliated
foreign
persons
Foreign
affiliates
(5)
(6)
Foreign parent(s)
and foreign
affiliates of
foreign parent(s)
(7)
Unaffiliated
foreign
persons
(8)
1
2
3
4
5
6
7
8
002 1
B1000
Table 1 –
Mandatory data —
601 2
3
4
5
6
7
8
003 1 302 2
004 1 252 2
3
4
5
6
7
8
3
4
5
6
7
8
005 1 100 2
006 1 266 2
3
4
5
6
7
8
3
4
5
6
7
8
007 1 650 2
2
008 1
3
4
5
6
7
8
3
4
5
6
7
8
Germany
Hong Kong
009 1 308 2
2
010 1
3
4
5
6
7
8
3
4
5
6
7
8
Ireland
Italy
011 1 313 2
012 1 314 2
3
4
5
6
7
8
3
4
5
6
7
8
Japan
Luxembourg
Netherlands
013 1 614 2
014 1 316 2
3
4
5
6
7
8
3
4
5
6
7
8
015 1 319 2
016 1 320 2
3
4
5
6
7
8
3
4
5
6
7
8
017 1 625 2
018 1 324 2
3
4
5
6
7
8
3
4
5
6
7
8
1. Australia
2. Belgium
3. Bermuda
4. Canada
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
Cayman Islands
China
France
Norway
Singapore
Sweden
Switzerland
United Kingdom
307
611
019 1
325 2
3
4
5
6
7
8
020 1
327 2
3
4
5
6
7
8
021 1
2
3
4
5
6
7
8
022 1
2
3
4
5
6
7
8
023 1
2
3
4
5
6
7
8
024 1
2
3
4
5
6
7
8
025 1
2
3
4
5
6
7
8
026 1
2
3
4
5
6
7
8
027 1
2
3
4
5
6
7
8
028 1
2
3
4
5
6
7
8
1
2
3
4
5
6
7
8
Other – Specify country
20.
21.
22.
23.
24.
25.
26.
27.
28. All countries,
total
001
29. Table 2 – Voluntary
1
2
3
4
5
6
7
data – Complete if total
purchases for all types of
transactions are $15
million or less
annually. (See A.1.b.
of Instructions.)
029
709
30. If you reported data under transaction code 10, Other financial services, specify the major type of service:
8
030
BEA USE ONLY
031 1
2
3
4
5
6
FORM BE-185 (3-2015)
BE-185, Page 5, Base (Black)
7
8
Page 5
BE-185, Page 5, Pantone 3375 green, 30% tone
OVERFLOW SHEET FOR SCHEDULES A OR B OF FORM BE-185,
QUARTERLY SURVEY OF FINANCIAL SERVICES TRANSACTIONS BETWEEN U.S. FINANCIAL
SERVICE PROVIDERS AND FOREIGN PERSONS
Company Name _____________________________
Control Number: _____________________
Form BE-185 Schedule __ (Enter “A” or “B”)
Overflow Page #_____of _____
Service Code
____________________
BEA
USE
ONLY
Country
Service Code
Foreign affiliates
Foreign Parent(s) and
Unaffiliated foreign
_______________________
Foreign affiliates
persons
foreign affiliates of
Unaffiliated foreign
persons
and foreign affiliates
foreign parent(s)
BEA
USE ONLY
Foreign Parent(s)
of foreign parent(s)
000
1
2
3
4
5
6
7
8
01
1
2
3
4
5
6
7
8
1
2
3
4
5
6
7
8
40
1
2
3
4
5
6
7
8
41
1
2
3
4
5
6
7
8
42
1
2
3
4
5
6
7
8
43
1
2
3
4
5
6
7
8
44
1
2
3
4
5
6
7
8
45
1
2
3
4
5
6
7
8
46
1
2
3
4
5
6
7
8
47
1
2
3
4
5
6
7
8
48
1
2
3
4
5
6
7
8
49
1
2
3
4
5
6
7
8
50
1
2
3
4
5
6
7
8
51
1
2
3
4
5
6
7
8
52
1
2
3
4
5
6
7
8
53
1
2
3
4
5
6
7
8
54
1
2
3
4
5
6
7
8
55
1
2
3
4
5
6
7
8
56
1
2
3
4
5
6
7
8
57
1
2
3
4
5
6
7
8
58
1
2
3
4
5
6
7
8
59
1
2
3
4
5
6
7
8
Country total for this page
(sum of rows 39-59)
39
Note: You may use this overflow sheet if there is insufficient space on Form BE-185, Schedule A or B, to list every individual foreign
country with which you had transactions. (However, if you prefer, you may instead reproduce a copy of the appropriate schedule (s),
and enter the data for the additional foreign countries on lines 20 through 27 of the schedule (s).) The overflow sheet is also available in Microsoft Excel format. If you wish to receive a copy of the Excel file, send an email message to [email protected] with your
request and we will reply to you with the file attached to our message.
GENERAL INSTRUCTIONS
Public reporting burden for this BE-185 report is estimated to average
10 hours per response. This burden includes time for reviewing
instructions, searching existing data sources, gathering and
maintaining the data needed, and completing and reviewing the
collection of information. Send comments regarding this burden
estimate to Director, Bureau of Economic Analysis (BE-1), U.S.
Department of Commerce, Washington, DC 20230; and to the Office
of Management and Budget, Paperwork Reduction Project 0608-0065,
Washington, DC 20503.
Purpose – Reports on this form are required to obtain reliable and
up-to-date information on financial services transactions between U.S.
financial services providers and foreign persons. The information will
be used to formulate U.S. international economic policy, and to
analyze the impact of that policy and the policies of foreign countries,
on such international transactions. The data will also be used in
compiling the U.S. international transactions accounts and national
income and product accounts.
Authority – This survey is authorized by the International Investment
and Trade in Services Survey Act (P.L. 94-472, 90 Stat. 2059, 22 U.S.C.
3101-3108, as amended), and by Section 5408 of the Omnibus Trade
and Competitiveness Act of 1988 (P.L. 100-418, 15 U.S.C. 4908(b)).
Regulations for the survey may be found in 15 CFR Part 801. The
survey has been approved by the Office of Management and Budget
under the Paperwork Reduction Act (44 U.S.C. 3501, et seq).
Penalties – Whoever fails to report may be subject to a civil penalty
of not less that $2,500, and not more than $32,500, and to injunctive
relief commanding such person to comply, or both. These civil
penalties are subject to inflationary adjustments. Those adjustments
are found in 15 CFR 6.4. Whoever willfully fails to report shall be
fined not more than $10,000 and, if an individual, may be
imprisoned for not more than one year, or both. Any officer,
director, employee, or agent of any corporation who knowingly
participates in such violations, upon conviction, may be punished by
a like fine, imprisonment, or both. (See 22 U.S.C. 3105.) Notwithstanding the above, a U.S. person is not subject to any penalty for
failure to report if a valid Office of Management and Budget (OMB)
control number is not displayed on the form. The control number
for Form BE-185 (0608-0065) is displayed at the top of page 1.
Confidentiality – The International Investment and Trade in Services
Survey Act provides that your report to this Bureau is CONFIDENTIAL
and may be used only for analytical and statistical purposes. Without
your prior written permission, the information filed in your report
CANNOT be presented in a manner that allows it to be individually
identified. Your report CANNOT be used for purposes of taxation,
investigation, or regulation. Copies retained in your files are immune
from legal process.
I. WHO MUST REPORT AND GENERAL COVERAGE
A. Who must report
1. Mandatory and voluntary reporting
a. Mandatory reporting – A BE-185 report is required from
each U.S. person that:
(1) is a financial services provider or intermediary (see I.B.1. of
these Instructions), or whose consolidated U.S. enterprise
includes a separately organized subsidiary, or part, that is a
financial services provider or intermediary; and
(2)(a) had receipts from foreign persons in all financial services
combined (see V. of these Instructions) in excess of
$20,000,000 for the previous fiscal year, or for which
receipts are expected to exceed that amount in the current
fiscal year.
(2)(b) had payments to foreign persons in all financial services
combined in excess of $15,000,000 for the previous fiscal
year or for which payments are expected to exceed that
amount the current fiscal year.
The $20,000,000 (receipts) and the $15,000,000 (payments)
thresholds should be applied to financial services transactions with
foreign persons by all parts of the consolidated U.S. enterprise that
are financial services providers or intermediaries. Because these
thresholds apply separately to sales and purchases, mandatory
reporting may apply only to sales, only to purchases, or to both.
Determining whether a U.S. financial services provider or
intermediary is subject to mandatory reporting may be based on the
judgement of knowledgeable persons in a company who can
identify reportable transactions with a reasonable degree of
certainty, without conducting a detailed records search.
Page 6
Complete Parts 1 and 2 of the form and the mandatory tables of
the applicable schedule(s). Enter the total amounts of transactions
applicable to a particular schedule in the appropriate column(s) on
line 27 of the schedule. Distribute these amounts to the foreign
country(ies) involved in the transaction(s) on lines 1–26.
b. Voluntary reporting – If your covered sales (see IV. of these
Instructions) were $20,000,000 or less, or if your covered
purchases were $15,000,000 or less during your previous fiscal
year and are expected to be below these amounts for the
current fiscal year, you are requested to provide an estimate of
the total for the quarterly period covered by this form for each
type of service. Provision of this information is voluntary. The
estimates may be judgmental. Because these thresholds apply
separately to sales and purchases, voluntary reporting may
apply only to sales, only to purchases, or to both.
If you elect to file voluntarily, complete the voluntary table(s) of
the appropriate schedule(s). You may voluntarily report either,
(1) estimated totals by type of service only on line 28 (Table 2)
of Schedule A and/or Schedule B; or (2) totals by type of service
and a breakout by country on lines 1–27 (Table 1) in the
mandatory table of the appropriate schedule(s).
c. Exemption – The $20,000,000 and $15,000,000 exemption
levels for mandatory reporting are based upon total financial
services sold to, or purchased from, foreign persons by all parts
of the consolidated U.S. enterprise that are financial services
providers or intermediaries combined, regardless of the number
of subsidiaries or parts of the enterprise filing separate BE-185
forms.
2. Consolidation – A U.S. enterprise may file a single Form BE-185
covering combined (total) financial services transactions
(purchases and sales) of all its subsidiaries, and parts, that are
financial services providers or intermediaries, or it may file
separate reports for its separately organized financial services
subsidiaries and parts. However, regardless of the number of
subsidiaries or parts of the enterprise filing separate BE-185
forms, the reporting criteria must be applied with reference to the
total transactions of the consolidated U.S. enterprise, as described
above.
B. General Coverage
1. Definition of financial services provider – The definition
of financial services providers used for this survey is identical
in coverage to Sector 52 — Finance and insurance, and
holding companies from Sector 55 of the North American
Industry Classification System United States, 2007.
For example, companies and/or subsidiaries and other
separable parts of companies in the following industries are
regarded as financial services providers: depository credit
intermediation and related activities (including commercial
banking, bank holding companies, financial holding
companies, savings institutions, check cashing, and debit
card issuing); nondepository credit intermediation (including
credit card issuing, sales financing, and consumer lending);
securities, commodity contracts, and other financial
investments and related activities (including security and
commodity futures brokers, dealers, exchanges, traders,
underwriters, investment bankers, and providers of securities
custody services); insurance carriers and related activities
(including agents, brokers, and services providers);
investment advisors and managers and funds, trusts, and
other financial vehicles (including mutual funds, pension
funds, real estate investment trusts, investors, stock
quotation services, etc.).
Filing options for holding companies that own only
nonfinancial subsidiaries:
• You may report your purchases of financial services from
foreign persons on Form BE-185; or
• You may report such purchases on Forms BE-120 and BE-125,
Benchmark and Quarterly Surveys of Transactions in Selected
Services and Intangible Assets with Foreign Persons.
In either case, sales of financial services to foreign persons
must be reported on Form BE-185 if they are expected to
exceed $20 million in the current fiscal year or exceeded that
amount in the previous fiscal year.
BE-185 Instructions (3-2015)
GENERAL INSTRUCTIONS – Continued
2. Clarification of general coverage, including
special situations
a. Report purchases or sales in the periods when they occur or are
charged (that is, in the period when the provider of the service
recognizes or performs the services), whether expensed by the
purchaser of the service in that accounting period, amortized
over several accounting periods, or included in expenses in a
subsequent accounting period. For example, report payments of
credit-related fees (and payments of securities brokerage
commissions) in the period when credit related (securities
brokerage) services are charged, whether or not the charge for
the service is included in the purchaser’s expenses for that
particular accounting period. See IV. of these Instructions for an
explanation of what measures should be applied in determining
whether you are subject to the BE-185 survey’s mandatory
reporting requirements for a given type of service.
b. Report covered transactions regardless of whether the service
was performed in the United States or abroad. Please note
that the reporting requirements are determined by whom the
transactions are with and not by where the services are
performed or the location of the buyer and seller at the time
of the transaction. Thus, reportable transactions may include
those conducted over the Internet or other networks (for
example, brokerage or financial advisory services sold to
foreign persons over the Internet).
c. When a sale or purchase consists of services that are
commingled or bundled (i.e., the different types of services are
not separately billed), you should unbundle the transaction
whenever possible. When the transaction cannot be
unbundled, it should be classified based upon whichever
service accounts for the largest share of its value. However, do
not unbundle the transaction if the services are billed together
because they are integral parts of the same transaction (for
example, if the fee for financial management services includes
payment for custody and other services that are regarded as
integral parts of financial management services).
II. DEFINITIONS
A. Services mean economic activities whose outputs are other
than tangible goods. This term includes, but is not limited to,
banking, other financial services, insurance, transportation,
communications and data processing, retail and wholesale trade,
advertising, accounting, construction, design, engineering,
management, consulting, real estate, professional services,
entertainment, education, and health care.
B. Financial services include trading, issuing, dealing,
underwriting, lending, custody, etc., of financial instruments;
financial advisory or management services; credit card services;
credit-related services (including establishing, maintaining, or
arranging credits, letters of credit, lines of credit, mortgages, etc.);
financial rating services; electronic funds transfer services;
insurance services; etc. These services typically are performed by
firms classified in Sector 52 – Finance and Insurance and holding
companies from Sector 55 of the North American Industry
Classification System United States, 2007 (see I.B.1.). Some types
of financial services are not covered on this survey. See IV. of the
Instructions for a list of financial services that are covered, and
see V. of the Instructions for a list of financial services that are
not covered on this survey.
C. U.S. reporter means a U.S. person filing a report in this survey.
On Form BE-185, the U.S. Reporter may be either the consolidated
U.S. enterprise or one or more financial services subsidiary or
part of a consolidated U.S. enterprise reporting separately.
D. Consolidated U.S. enterprise means (i) a U.S. financial
services provider, (ii) any U.S. corporation, proceeding up the
financial services provider’s ownership chain, that owns more
than 50 percent of the voting securities of the corporation
below it, and (iii) any U.S. corporation, proceeding down the
ownership chain(s) of each of these corporations, whose voting
securities are more than 50 percent owned by the U.S.
corporation above it.
E. United States, when used in a geographic sense, means the
several States, the District of Columbia, the Commonwealth of
Puerto Rico, and all territories and possessions of the United
States.
BE-185 Instructions (3-2015)
F. Foreign, when used in a geographic sense, means that which is
situated outside the United States or which belongs to or is
characteristic of a country other than the United States.
G. Person means any individual, branch, partnership, associated
group, association, estate, trust, corporation, or other
organization (whether or not organized under the laws of any
State), and any government (including a foreign government,
the United States Government, a State or local government,
and any agency, corporation, financial institution, or other
entity or instrumentality thereof, including a government
sponsored agency).
1. United States person means any person resident in
the United States or subject to the jurisdiction of the
United States.
2. Foreign person means any person resident outside the
United States or subject to the jurisdiction of a country
other than the United States.
H. Unaffiliated foreign person means, with respect to a given
U.S. person, any foreign person that is not an affiliated foreign
person as defined in paragraph I. below.
I. Affiliated foreign person means with respect to a given U.S.
person, (i) a foreign affiliate of which the U.S. person is the U.S.
parent, or (ii) the foreign parent or other member of the affiliated
foreign group of which the U.S. person is a U.S. affiliate.
J. Affiliate means a business enterprise located in one country that
is directly or indirectly owned or controlled by a person of another
country to the extent of 10 percent or more of its voting stock for
an incorporated business or an equivalent interest for an
unincorporated business, including a branch.
1. Foreign affiliate means an affiliate located outside the
United States in which a U.S. person has direct investment.
2. U.S. affiliate means an affiliate located in the United States
in which a foreign person has direct investment.
3. Foreign affiliate of a foreign parent means, with reference to a given U.S. affiliate, any member of the affiliated
foreign group owning the U.S. affiliate that is not a foreign
parent of the U.S. affiliate.
K. Business enterprise means any organization, association,
branch, or venture which exists for profitmaking purposes or to
otherwise secure economic advantage, and any ownership of any
real estate. (A business enterprise is a "person" within the
definition in paragraph G. above.)
L. Direct investment means the ownership or control, directly or
indirectly, by one person of 10 percent or more of the voting stock
of an incorporated business enterprise or an equivalent interest in
an unincorporated business enterprise.
M. Parent means a person of one country who, directly or indirectly,
owns or controls 10 percent or more of the voting securities of an
incorporated business enterprise, or an equivalent ownership
interest in an unincorporated business enterprise, that is located
outside the country.
1. U.S. parent means the U.S. person that has direct investment
in a foreign business enterprise, including a branch.
2. Foreign parent means the first person outside the United
States that has direct investment in a U.S. business enterprise,
including a branch.
N. Affiliated foreign group means (i) the foreign parent, (ii) any
foreign person, proceeding up the foreign parent’s ownership
chain, that owns more than 50 percent of the person below it up
to and including that person which is not owned more than 50
percent by another foreign person, and (iii) any foreign person,
proceeding down the ownership chain(s) of each of these
members, that is owned more than 50 percent by the person
above it.
O. Country means, for purposes of this survey, the country of
location of the foreign person with whom a transaction has
occurred.
Page 7
GENERAL INSTRUCTIONS – Continued
III. OTHER INSTRUCTIONS
A. Differentiating between U.S. and foreign persons
In II.G.2. of these Instructions, a "foreign person" is defined as any
person resident outside the United States or subject to the jurisdiction of a country other than the United States. Persons that
reside or expect to reside for 1 year or more in a foreign country
are considered to be foreign persons. International
organizations are considered to be foreign persons whether they
are based in the United States (such as the International
Monetary Fund, Inter-American Development Bank, United
Nations, World Bank, and the Organization of American States) or
abroad.
Use the following procedure to identify financial services
transactions with foreign persons:
1. Billing records or mailing address information to identify the
country of the foreign person(s) – report receipts and
payments with a given foreign country, or international
organization, if the billing records or mailing address identify
that foreign country as the location of the foreign person that
was a party to the transaction.
2. IRS Form W-8, Certificate of Foreign Status filed by
foreign persons, and IRS Form W-9, Request for
Taxpayer Identification Number and Certification (filed by
U.S. persons).
3. Any other available information on residency of persons with
whom you have sold or purchased financial services.
NOTE: Steps 2 and 3 above may be necessary when foreign
customers provide billing addresses of U.S. agents or other
locations of convenience in the United States.
B. Who must report a transaction when an intermediary is
involved
Financial services transactions between a U.S. person and a
foreign person are frequently arranged by, billed through, or
otherwise facilitated by, a financial services provider or
intermediary. The intermediary may be U.S. or foreign, and may
be affiliated or unaffiliated with the U.S., or the foreign, person.
The U.S. financial services provider or intermediary that directly
deals with a foreign person, and not the U.S. customer of the
intermediary, is typically responsible for reporting the transaction
on this survey.
Use the following guidelines to determine who should report
data on payments of brokerage fees and commissions (service
codes 1 and 2) in cases where more than one U.S. financial
services provider is involved in or knowledgeable about the
transaction.
• Where a U.S. broker is involved in the transaction, the broker
should report the data on payments of brokerage commissions.
• If a U.S. broker is not involved, a U.S. financial manager,
such as a fund or investment manager, involved in the
transaction should report the data.
• Where neither a U.S. broker nor a U.S. manager is involved
in the transaction, a U.S. custodian should report; this would
be the case, for example, where the principal uses a foreign
(rather than a U.S.) financial manager, but a U.S. custodian.
(In this case, the custodian may wish to contact the principal
to determine which of its financial managers are foreign
persons.)
• If the custodian does not have or cannot obtain the
information needed to report, then the U.S. principal, or its
paying agent, should report the data; the U.S. principal must
make the determination of whether it or its paying agent is
responsible for reporting.
Respondents may deviate from these guidelines by agreement
among themselves. Please confer with one another to assure
that the data reported on payments of brokerage commissions
are neither omitted from all BE-185 reports, resulting in
undercounting of data, nor reported on more than one BE-185
report, resulting in duplication.
Page 8
C. Distinguishing between affiliated and unaffiliated
transactions
For purposes of reporting on this survey, it is necessary to
distinguish between transactions between affiliated U.S. and
foreign persons, and transactions between unaffiliated U.S. and
foreign persons. An unaffiliated foreign person is a foreign person
that is neither the foreign affiliate nor the foreign parent (or other
member of the affiliated foreign group) of the consolidated U.S.
enterprise filing Form BE-185. (See II.H., I., J., M., and N. in these
Instructions.)
Transactions with unaffiliated foreign persons by or through a
foreign activity of a U.S. person that is not a foreign affiliate of
the U.S. person are deemed to be direct transactions of the U.S.
person. Report such direct transactions in this survey.
If a U.S. person’s foreign activity or operation is incorporated
abroad, it is a foreign affiliate.
If a U.S. person’s foreign activity or operation is NOT
incorporated abroad, its status is based on the weight of the
evidence when the following factors are considered.
An unincorporated foreign activity or operation generally WOULD
NOT be considered a foreign affiliate if it:
1. conducts business abroad only for the U.S. person’s account
and not for its own account;
2. has no separate financial statements (including an income
statement and balance sheet);
3. receives funds to cover its expenses only from the
U.S. person;
4. is not subject to foreign income taxes; and
5. has limited physical assets, or employees, permanently
located abroad.
Criteria for determining which U.S. activities do or do not
constitute a U.S. affiliate of a foreign person are parallel to
those listed above.
This survey covers U.S. persons’ direct transactions, both sales
and purchases, with affiliated and unaffiliated foreign persons.
Examples of affiliated transactions are:
1. A transaction between a U.S. person (U.S. parent) and its
foreign affiliate.
2. A transaction between a U.S. person (U.S. affiliate) and its
foreign parent(s) or member(s) of the affiliated foreign
group(s).
Examples of unaffiliated transactions are:
1. A transaction between a U.S. person and an unaffiliated
foreign person.
2. A transaction between one U.S. person and another U.S.
person’s foreign affiliate. Such a transaction is reportable by
the first U.S. person.
Examples of transactions that are not reportable are:
1. A transaction between a U.S. affiliate of a foreign parent and
another U.S. person.
2. A transaction between a U.S. parent’s foreign affiliate and
another foreign person.
Under the Treasury International Capital reporting system, the
Department of the Treasury conducts mandatory surveys on the
international financial position of the United States and on
movements of portfolio investment capital between the United
States and foreign countries that may give rise to financial services
transactions. Inquiries about these surveys should be directed to the
Federal Reserve Bank of New York (as fiscal agent for the Treasury
Department) at (212) 720–6357.
BE-185 Instructions (3-2015)
GENERAL INSTRUCTIONS – Continued
IV. SERVICES COVERED
This survey covers receipts (Schedule A of Form BE-185) and
payments (Schedule B) of fees, commissions, and other charges for
the following types of financial services:
1. Brokerage services related to equity transactions – Report
on Schedule A your receipts of commissions and fees (inclusive
of taxes and stamp duties) directly from foreign customers for
executing orders to purchase or sell securities. Report on
Schedule B your payments of commissions and fees directly to
foreign brokers for executing your or your customers’ equities
orders. Include brokerage transactions with foreign persons
conducted over the Internet and Electronic-communications
networks.
Do not report income where you were a dealer or other principal
who was at risk of incurring a loss on the financial instruments
rather than acting solely as the broker. For example, exclude
income from marking positions to market and inherent earnings
from dealer markups on buy and sell transactions (i.e., bid/ask
price spreads in dealing in securities).
2. Other brokerage services – Report on Schedule A your receipts
of commissions and fees (inclusive of taxes and stamp duties)
directly from foreign customers for executing orders to purchase
or sell options, futures, and other financial instruments. Also
include fees and commissions on brokering foreign currencies.
Report on Schedule B your payments of commissions and fees
directly to foreign brokers for executing your, or your customers’
orders related to options, futures or other financial instruments.
Include brokerage transactions with foreign persons conducted
over the Internet and Electronic-communications networks.
Report origination fees in connection with the over-the-counter
derivative financial instruments only if the fees are separately
identified in transaction documentation issued by the dealers in
the instruments to the customers, and are not considered
undifferentiated components of overall trading or marketmaking
gains.
Do not report income where you were a dealer or other principal
who was at risk of incurring a loss on the financial instruments
rather than acting solely as the broker. For example, exclude
income from marking positions to market and inherent earnings
from dealer markups on buy and sell transactions (i.e., bid/ask
price spreads in dealing in bonds, foreign currencies, and other
financial instruments).
Report brokerage commissions for arranging a joint venture in
service number 10, Other financial services. Report multi-currency
conversion fees of credit card companies in service number 6,
Credit card services.
Do not report fees for commodity or merchandise brokerage
services, real estate brokerages, and business services brokerage
because they are not considered to be financial services (as
opposed to fees for purchasing or selling commodity futures and
other financial instruments that are reportable on this survey).
3. Underwriting and private placement services – Report in
underwriting services your earnings from buying and reselling
an entire or substantial portion of newly issued securities.
Report on Schedule A as negative receipts your losses from
purchasing securities from a foreign person (issuer or lead
underwriter) and reselling them at a lower price. (This is the
only financial service category where negative amounts may be
reported.)
Also report fees you received from an issuer of securities for
privately placing its securities, or fees that you paid to a foreign
person who privately placed your securities, including fees on
dealer-placed commercial paper. Do not report earnings from
buying and selling (i.e., trading) commercial paper or other
securities for your own account, because they are not
considered to be financial services.
Where you are lead underwriter, report separately your receipts of
underwriting fees and payments of selling concessions and other
expenses. Report on Schedule A your underwriting fees, before
deduction of selling concessions paid to other members of the
syndicate, according to the country of the person (issuer) from
whom you purchased the securities. Report on Schedule B your
selling concessions and reimbursements for expenses paid by you
to foreign members of the syndicate based upon the country(ies)
of the foreign syndicate members receiving these sums.
BE-185 Instructions (3-2015)
Where you are a syndicate member other than the lead
underwriter, report on Schedule A selling concessions received
by you based upon the country of the lead underwriter.
Report payments of underwriting fees (on Schedule B) by an
issuer of securities as;
The estimated gross proceeds to the foreign lead underwriter
from the sale to the public of the securities – base this
estimate on the number of units of securities sold times the
per unit public offer price
Minus
The net proceeds received by the issuer from the foreign lead
underwriter.
Classify these payments according to the country of the foreign
lead underwriter.
Report fees or commissions received by, or paid to,
intermediaries that arrange the sale of securities (including
mutual funds shares) they do not themselves own as brokerage
services (under service number 1) rather than as underwriting
services.
4. Financial management services – Report services in which the
provider of the service has the authority to direct the use or
investment of funds or other assets. Report fee income from (to)
foreign persons for managing or administering financial
portfolios, such as cash, securities, futures, and other financial
instruments or assets, if you (they) have this authority. Report
the fees under service number 7, Financial advisory and custody
services, if a U.S. or foreign person has input into the decisionmaking process but does not have this authority. Report these
fees whether or not the assets are in the custody of the manager
or in the custody of another U.S. or foreign person whom the
manager directs. Report fees from actively managed accounts
(where research and market timing skills are also provided) and
fees from passively managed, or indexed, accounts.
U.S. persons (including trustees and fiduciaries with management
authority) should report on Schedule A their fees from managing
foreign commodity pools, mutual funds, hedge funds, trusts
(including trusts containing mortgages), etc., (which are
considered foreign persons). Do not report fees from managing
U.S. mutual funds, hedge funds, trusts (including trusts
containing mortgages), etc., (which are considered U.S. persons)
unless the management fee is charged directly to a foreign
investor, owner, beneficiary, maker, etc., of the U.S. mutual fund,
hedge fund, or trust rather than charged to the U.S. mutual fund,
etc., itself.
Report under service number 7, Financial advisory and custody
services, receipts from and payments to foreign persons
(including foreign-based custodians or subcustodians) for
managing the custody or safekeeping of securities.
Foreign participation in U.S. futures markets frequently occurs
indirectly, by foreign persons investing directly in a foreign
commodity pool that, in turn, invests directly in the U.S. futures
market. Foreign commodity pools may be organized by U.S.
commodity pool operators (CPO’s), such as U.S. brokerage
institutions. U.S. CPO’s report on Schedule A fees from managing
foreign commodity pools, including additional management fees
received based upon positive returns. Exclude gains and losses to
principal amounts you have invested in the pool; in this case,
your earnings are considered to be capital gains, which are not
covered on Schedules A and B. (Similar guidelines pertain to the
earnings of U.S. persons who manage foreign hedge funds; i.e.,
report management fees including additional fees based on
positive returns, but do not report gains or losses to principal
amounts invested in the funds.)
Do not report receipts (payments) of your foreign affiliates from
(to) foreign persons. For example, where your foreign affiliate
manages foreign assets, do not report the management fee paid
by foreign clients to your foreign affiliate because the fee was not
received by the U.S. reporter from a foreign person. (See III. of
the Instructions for a discussion of foreign activities of a U.S.
person that constitute a foreign affiliate.) Similarly, do not report
fees paid by you to, or received by you from, a U.S. affiliate of a
foreign person.
Do not report funding for foreign sales promotion and
representative offices in this survey. Report such funding on
Form BE-120 or BE-125.
Page 9
GENERAL INSTRUCTIONS – Continued
5. Credit-related services, except card services – Report fees
received from or paid to foreign persons, including fees paid
directly and fees that are withheld or deducted from the
proceeds for:
• Credit-related or lending-related services, such as fees
for renegotiating debt terms and fees for establishing/
originating, maintaining, accepting or arranging standby
letters of credit
• Commercial and similar letters of credit
• Letters of indemnity
• Lines of credit
• Participations in acceptances
• Mortgages
• Credit facilities
• Reimbursement commissions for honoring import letters of
credit (ILC’s), and of discrepancy fees for financial services
provided when goods imported under ILC’s do not fully meet
specifications
Listed below are the major types of credit card services sold to or
purchased from foreign persons. The credit card company must
report separately total receipts and payments through the system
it controls or monitors. Total receipts (or total payments) of credit
card services are the sum of receipts (or payments) from all of
these services combined.
• Transaction and service fees received from or paid to foreign
acquirers and issuers
• Interchange received from foreign acquirers or paid to foreign
issuers
• Discount (including interchange and overhead assessments,
reimbursements for telecommunication services, etc.) received
from or paid to foreign acquirers and issuers
• Payments to foreign issuers, acquirers, or merchants under
guarantees to protect them from losses from a default in the
processing network
• Fees you received from foreign issuers for credit authorization
services
• Fees you received from foreign issuers for listing lost or stolen
credit card numbers in warning bulletins or on electronic files
• Factoring services
• Resignation assessments or membership fees received from foreign
issuers and acquirers
• Issuing financial guarantees and loan commitments (to make
or purchase loans)
• Multi-currency conversion fees received from foreign issuers or paid
to foreign acquirers, processing centers, or issuers
• Arranging or entering into financial lease contracts
Independent issuers, acquirers, and processors must report credit
card services that are conducted outside the system controlled or
monitored by the credit card companies. Such transactions may
include annual dues and other fees received by issuers from
cardholders, payments to processors by independent issuers and
acquirers, and any interchange reimbursements that do not go
through the credit card system.
• Credit-related services received by, or paid to, note issuance
facilities (NIF’s)
Do not report underwriting fees on notes issued by NIF’s
(these should be reported under service number 3,
underwriting services). Also, do not report interest received
or paid, including discounts and premiums on notes
purchased or sold.
If you are a member of a loan syndicate, or of loan participations
other than syndicates, report fees received and paid for organizing,
managing, or participating in the operation. Do not report the sale
of assets (i.e., of parts or shares in the syndicated loan), because
these are not financial services. Where you have collected a fee
from a foreign person on a loan syndication and passed through a
portion of the fee to foreign syndicate members, report the total
fee you received on Schedule A and report the portion of the fee
you passed through on Schedule B. Borrowers under loan
syndicates or loan participations other than syndicates should
report payments of fees according to the country of the lead
manager of the syndicate.
Report payments of credit-related fees in the accounting period in
which the fee is assessed by the provider of credit-related services,
whether included in expenses for that particular accounting period
or amortized over several accounting periods.
If compensating balances are reflected in the cost of credit-related
services, report the (net) amount received or paid for credit-related
services after credit for the value of the compensating balances. Do
not report the value of the compensating balance to the bank (in
the form of foregone interest expense). If the bank returns some
portion of its savings to its customers in the form of a credit
against other financial services provided, the amount to report for
the other financial services provided should be the reduced charge
after consideration of this credit.
6. Credit card services – Report all cross-border receipts and
payments for credit card services, whether paid separately or in
the form of a discount from face or par value.
U.S. credit card companies must report specified transactions in
which they themselves engage with foreign persons, as well as
specified transactions of their independent issuers or acquirers
with foreign persons. To avoid duplication, their independent
credit card issuers and acquirers are exempt from reporting data
on these credit card services.
Page 10
Do not report receipts or payments for credit card enhancements,
such as travel insurance, extended warranties, and discounts on
tour packages or other purchases.
7. Financial advisory and custody services – Report receipts
from and payments to foreign persons (including foreign-based
custodians or subcustodians) for managing the custody or
safekeeping of securities. Include the following:
• Financial advisory services on mergers and acquisitions
• Investment newsletters or investment advice
• Commodity trading advisory services
• Proxy voting advisory services
• Custody services (including payments and settlements services
such as mortgage servicing services)
• Other advisory and custody services provided by U.S. or foreign
persons who have no discretion, or who have very limited
discretion, to act independently from instructions provided by the
investor or another principal
Include services with foreign persons conducted over the Internet.
Exclude services where you are at risk of incurring a loss, such as
underwriting services (service number 3).
U.S. issuers of American Depositary Receipts (ADR’s) and
American Depositary Shares (ADS’s) – Report on Schedule B your
payments to foreign correspondent institutions for holding the
securities backing the ADR’s and ADS’s. U.S. issuers of ADS’s
should also report, on Schedule A, any receipts of sponsorship
fees from foreign persons.
Do not report fees received from or paid to a U.S. subsidiary (or
U.S. affiliate) of a foreign person, because, under balance of
payments conventions, these are considered U.S., not foreign,
persons.
BE-185 Instructions (3-2015)
GENERAL INSTRUCTIONS – Continued
Where you do have complete (or substantially complete)
discretion to act independently from instructions provided by
investors or other principals, report your receipts under service
number 4, Financial management services. Where you are an
investor or principal, and a foreign person has complete (or
substantially complete) discretion to act independently on your
behalf, report your payments under service number 4.
8. Securities lending services – U.S. securities lenders and
borrowers, and their agents, should report amounts received
directly from, or paid directly to, foreign persons, for lending or
borrowing securities. Report fees received by or paid to
principals or agents for arranging loan terms and conditions,
monitoring the value of collateral, providing guarantees against
default, and providing other securities lending services. Report
rebates received or paid on "borrow versus cash transactions."
Do not report amounts received from, or paid to, foreign persons
by a U.S. or foreign agent upon the default of a customer,
because such payments are not considered to be for financial
services. Do not report interest under repurchase or reverse
repurchase agreements, because interest is not reportable
(although, as mentioned, rebates are reportable) on this form.
9. Electronic funds transfer services – Report fees for the
electronic funds transfers of money or financial assets received
directly from, or paid directly to, foreign persons. Include
payments to SWIFT, in Belgium.
10. Other financial services (Specify primary type(s) on line 29 of
the appropriate schedule.) – Report the total amount of fees
you received from or paid to foreign persons for all other
financial services combined. Report the type(s) of service(s)
accounting for the largest share of the data being reported on
line 29 provided at the bottom of the schedules. Examples of
services that may be reported under this category include:
• Asset pricing services
• Security exchange listing fees
• Demand deposit fees
• Securities rating services
• Check processing fees
• Mutual fund exit fees, load charges 12b–1 service fees, and
hedge fund exit fees
• Security redemption or transfer services
• ATM network services
• Securities or futures clearing and settling services
• Brokerage services not covered above, such as for arranging
joint ventures
Do not report real estate brokerage fees (real estate services),
business brokerage fees (business services), and commodity or
merchandise brokerage fees (wholesale or retail trade services),
because these are not considered financial services.
V. TYPES OF FINANCIAL SERVICES EXCLUDED
FROM COVERAGE
Do not report the following types of financial services on this
survey:
A. Stock quotation and financial information services –
These are instead covered by Form BE-120 or BE-125, under
data base and other information services.
B. Insurance premiums and losses, and commissions on
insurance – These are covered on other BEA forms. (See
BEA’s web site www.bea.gov/bea/surveys for information on
whom to call regarding these forms.) Charges at the
individual policy level also are not covered.
C. Annuity purchases and payments to annuitants –
Annuity purchases and payments to annuitants are not
covered. Also, charges at the individual policy level, including
insurance company fees on variable annuities, are not
covered.
D. Pension fund contributions and benefits – Pension fund
contributions and pension benefits are not covered. However,
U.S. pension funds may engage in other financial services
transactions that are reportable on this form, including
payments of brokerage commissions and fees for investment
management or financial advisory services to foreign persons.
E. Interest and dividend receipts and payments – Under
balance of payments conventions, interest and dividends are
considered to be investment income rather than income from
services, and are therefore not covered by this survey.
F. Premiums and other proceeds from writing (selling)
options, forwards, futures, and swaps – Premiums from
writing options, and fees and other proceeds from writing
forwards, futures, and swaps are not covered. (However,
explicit brokerage commissions on transactions in these
financial instruments are covered under service number 2,
Other brokerage services.)
G. Earnings of principals from buying and selling (including
dealing, trading, holding, or arbitrage) of financial
instruments, except foreign currency exchange
transactions – Under balance of payments conventions, these
types of earnings are considered to be "capital gains" (i.e.,
earnings that are not from current production) rather than
payments for financial services, and are therefore not covered.
However, underwriting is considered to be a financial service,
and is covered under service number 3.
H. Foreign currency exchange transactions – Bid/ask price
spreads and trading profits on currency exchange transactions
are not covered. However, explicit commissions paid to
currency exchange brokers are covered under service
number 2, Other brokerage services.
I.
Bond transactions – Bid/ask price spreads and trading profits
on bond transactions are not covered. However, explicit
commissions paid to bond brokers are covered under service
number 2, Other brokerage services.
Note that some types of financial services are not covered on this
form. See V. of the Instructions for a list of types of financial
services not to be reported.
BE-185 Instructions (3-2015)
Page 11
GENERAL INSTRUCTIONS – Continued
VI. REPORTING PROCEDURES
A. Due date – A completed form is due within 45 days, after the
close of each fiscal year quarter, except the final quarter of the
fiscal or calendar year, when the report is due within 90 days after
the close of the quarter.
B. Extension – Requests for an extension of the reporting deadline will not
normally be granted. However, in a hardship case, a written request for
an extension will be considered if it is received at least 15 days before
the due date. You may Fax the request to (202) 606–5318 or e-mail the
request to [email protected]. BEA will provide a written response
to such a request.
C. Assistance and additional copies of the forms – Phone
(202) 606–5588 between 8:30 a.m. and 5:00 p.m., eastern time
for assistance. Copies of our forms are also available on BEA’s
web site: www.bea.gov/bea/surveys/iussurv.htm.
D. Original and file copies – File a single original copy of each form. Please
use the copy with the address label if such a labeled copy has been provided.
Companies that elect to file separate reports for their separately organized
financial services subsidiaries or parts must file a separate original copy of the
form for each separate subsidiary or part. In addition, retain a copy of each
report in your files to facilitate resolution of problems; these copies should be
retained by the U.S. Reporter for a period of not less than three years beyond
the original due date.
Page 12
E. Where to send the report – Send reports filed by mail
through the U.S. Postal Service to:
U.S. Department of Commerce
Bureau of Economic Analysis
BE-50(SSB)
Washington, DC 20230
Send reports filed by direct private express delivery to:
U.S. Department of Commerce
Bureau of Economic Analysis
BE-50(SSB)
Shipping and Receiving Section M-100
1441 L Street, NW
Washington, DC 20005
Fax reports to: (202) 606-5318
To file a report electronically see our web site
at www.bea.gov/efile for details.
F. Estimates – If actual figures are not available, supply
estimates and label them as such. When data items cannot be fully
subdivided as required, report totals and an estimated
breakdown of the totals.
BE-185 Instructions (3-2015)
SUMMARY OF INDUSTRY CLASSIFICATIONS
AGRICULTURE, FORESTRY, FISHING,
AND HUNTING
1110
1120
1130
1140
1150
Crop production
Animal production
Forestry and logging
Fishing, hunting, and trapping
Support activities for agriculture and
forestry
MINING, QUARRYING, AND OIL AND
GAS EXTRACTION
2111
2121
2123
2124
2125
2126
2127
2132
Oil and gas extraction
Coal
Nonmetallic minerals
Iron ores
Gold and silver ores
Copper, nickel, lead, and zinc ores
Other metal ores
Support activities for oil and
gas operations
2133 Support activities for mining, except
for oil and gas operations
UTILITIES
2211 Electric power generation,
transmission, and distribution
2212 Natural gas distribution
2213 Water, sewage, and other systems
CONSTRUCTION
2360 Construction of buildings
2370 Heavy and civil engineering
construction
2380 Specialty trade contractors
MANUFACTURING
3111
3112
3113
3114
3115
3116
3117
3118
3119
3121
3122
3130
3140
3150
3160
3210
3221
3222
3231
3242
3243
3244
3251
3252
Animal foods
Grain and oilseed milling
Sugar and confectionery products
Fruit and vegetable preserving and
specialty foods
Dairy products
Meat products
Seafood product preparation
and packaging
Bakeries and tortillas
Other food products
Beverages
Tobacco
Textile mills
Textile product mills
Apparel
Leather and allied products
Wood products
Pulp, paper, and paperboard mills
Converted paper products
Printing and related support activities
Integrated petroleum refining and
extraction
Petroleum refining without extraction
Asphalt and other petroleum and
coal products
Basic chemicals
Resins, synthetic rubbers, and
artificial and synthetic fibers and
filaments
BE-185 Instructions (3-2015)
3253 Pesticides, fertilizers, and other
agricultural chemicals
3254 Pharmaceuticals and medicines
3255 Paints, coatings, and adhesives
3256 Soap, cleaning compounds, and
toilet preparations
3259 Other chemical products and
preparations
3261 Plastics products
3262 Rubber products
3271 Clay products and refractories
3272 Glass and glass products
3273 Cement and concrete products
3274 Lime and gypsum products
3279 Other nonmetallic mineral products
3311 Iron and steel mills and ferroalloys
3312 Steel products from purchased steel
3313 Alumina and aluminum production
and processing
3314 Nonferrous metal (except aluminum)
production and processing
3315 Foundries
3321 Forging and stamping
3322 Cutlery and handtools
3323 Architectural and structural metals
3324 Boilers, tanks, and shipping
containers
3325 Hardware
3326 Spring and wire products
3327 Machine shops; turned products; and
screws, nuts, and bolts
3328 Coating, engraving, heat treating,
and allied activities
3329 Other fabricated metal products
3331 Agriculture, construction, and mining
machinery
3332 Industrial machinery
3333 Commercial and service industry
machinery
3334 Ventilation, heating, air-conditioning,
and commercial refrigeration
equipment
3335 Metalworking machinery
3336 Engines, turbines, and power
transmission equipment
3339 Other general purpose machinery
3341 Computer and peripheral equipment
3342 Communications equipment
3343 Audio and video equipment
3344 Semiconductors and other electronic
components
3345 Navigational, measuring,
electromedical, and control
instruments
3346 Manufacturing and reproducing
magnetic and optical media
3351 Electric lighting equipment
3352 Household appliances
3353 Electrical equipment
3359 Other electrical equipment and
components
3361 Motor vehicles
3362 Motor vehicle bodies and trailers
3363 Motor vehicle parts
3364 Aerospace products and parts
3365 Railroad rolling stock
3366 Ship and boat building
3369 Other transportation equipment
3370 Furniture and related products
3391 Medical equipment and supplies
3399 Other miscellaneous manufacturing
WHOLESALE TRADE
MERCHANT WHOLESALERS, DURABLE
GOODS
4231 Motor vehicles and motor vehicle
parts and supplies merchant
wholesalers
4232 Furniture and home furnishing
merchant wholesalers
4233 Lumber and other construction
materials merchant wholesalers
4234 Professional and commercial
equipment and supplies merchant
wholesalers
4235 Metal and mineral (except
petroleum) merchant wholesalers
4236 Electrical and electronic goods
merchant wholesalers
4237 Hardware, and plumbing and heating
equipment and supplies merchant
wholesalers
4238 Machinery, equipment, and supplies
merchant wholesalers
4239 Miscellaneous durable goods
merchant wholesalers
MERCHANT WHOLESALERS,
NONDURABLE GOODS
4241 Paper and paper product merchant
wholesalers
4242 Drugs and druggists’ sundries
merchant wholesalers
4243 Apparel, piece goods, and notions
merchant wholesalers
4244 Grocery and related product
merchant wholesalers
4245 Farm product raw material merchant
wholesalers
4246 Chemical and allied products
merchant wholesalers
4247 Petroleum and petroleum products
merchant wholesalers
4248 Beer, wine, and distilled alcoholic
beverage merchant wholesalers
4249 Miscellaneous nondurable goods
merchant wholesalers
ELECTRONIC MARKETS AND AGENTS
AND BROKERS
4251 Wholesale electronic markets and
agents and brokers
RETAIL TRADE
4410 Motor vehicle and parts dealers
4420 Furniture and home furnishings
stores
4431 Electronics and appliance stores
4440 Building material and garden
equipment and supplies dealers
4450 Food and beverage stores
4461 Health and personal care stores
4471 Gasoline stations
4480 Clothing and clothing accessories
stores
4510 Sporting goods, hobby, book, and
music stores
4520 General merchandise stores
Page 13
SUMMARY OF INDUSTRY CLASSIFICATIONS – Continued
4530 Miscellaneous store retailers
4540 Nonstore retailers
TRANSPORTATION AND
WAREHOUSING
4810
4821
4833
4839
4840
4850
4863
4868
4870
4880
4920
4932
4939
Air transportation
Rail transportation
Petroleum tanker operations
Other water transportation
Truck transportation
Transit and ground passenger
transportation
Pipeline transportation of crude oil,
refined petroleum products, and
natural gas
Other pipeline transportation
Scenic and sightseeing
transportation
Support activities for transportation
Couriers and messengers
Petroleum storage for hire
Other warehousing and storage
INFORMATION
5111 Newspaper, periodical, book, and
directory publishers
5112 Software publishers
5121 Motion picture and video industries
5122 Sound recording industries
5151 Radio and television broadcasting
5152 Cable and other subscription
programming
5171 Wired telecommunications carriers
5172 Wireless telecommunications carriers
(except satellite)
5174 Satellite telecommunications
5179 Other telecommunications
5182 Data processing, hosting, and
related services
5191 Other information services
FINANCE AND INSURANCE
5221 Depository credit intermediation
(Banking)
5223 Activities related to credit
intermediation
5224 Nondepository credit intermediation
5229 Nondepository branches and
agencies
5231 Securities and commodity contracts
intermediation and brokerage
5238 Other financial investment activities
and exchanges
5242 Agencies, brokerages, and other
insurance related activities
5243 Insurance carriers, except life
insurance carriers
5249 Life insurance carriers
5252 Funds, trusts, and other financial
vehicles
REAL ESTATE AND RENTAL AND
LEASING
5310 Real estate
5321 Automotive equipment rental and
leasing
5329 Other rental and leasing services
5331 Lessors of nonfinancial intangible
assets (except copyrighted works)
PROFESSIONAL, SCIENTIFIC, AND
TECHNICAL SERVICES
5411 Legal services
5412 Accounting, tax preparation,
bookkeeping, and payroll services
5413 Architectural, engineering, and
related services
5414 Specialized design services
5415 Computer systems design and
related services
5416 Management, scientific, and
technical consulting services
5417 Scientific research and development
services
5418 Advertising, public relations, and
related services
5419 Other professional, scientific, and
technical services
MANAGEMENT OF COMPANIES AND
ENTERPRISES
5512 Holding companies, except
bankholding companies
5513 Corporate, subsidiary, and regional
management offices
ADMINISTRATIVE AND SUPPORT AND
WASTE MANAGEMENT AND
REMEDIATION SERVICES
5611
5612
5613
5614
5615
5616
5617
5619
5620
Office administrative services
Facilities support services
Employment services
Business support services
Travel arrangement and reservation
services
Investigation and security services
Services to buildings and dwellings
Other support services
Waste management and remediation
services
EDUCATIONAL SERVICES
6110 Educational services
HEALTH CARE AND SOCIAL
ASSISTANCE
6210
6220
6230
6240
Ambulatory health care services
Hospitals
Nursing and residential care facilities
Social assistance services
ARTS, ENTERTAINMENT, AND
RECREATION
7110 Performing arts, spectator sports,
and related industries
7121 Museums, historical sites, and
similar institutions
7130 Amusement, gambling, and
recreation industries
ACCOMMODATION AND FOOD
SERVICES
7210 Accommodation
7220 Food services and drinking places
OTHER SERVICES
8110 Repair and maintenance
8120 Personal and laundry services
8130 Religious, grantmaking, civic,
professional, and similar
organizations
PUBLIC ADMINISTRATION
9200 Public administration
Page 14
BE-185 Instructions (3-2015)
| File Type | application/pdf |
| File Title | untitled |
| File Modified | 2015-09-30 |
| File Created | 2011-12-05 |