The Department of Commerce will submit to the Office of Management and Budget (OMB) for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act (44 U.S.C. Chapter 35).
Agency: Bureau of Economic Analysis (BEA), Commerce.
Title: Quarterly Survey of Foreign Direct Investment in the United States—Transactions of U.S. Affiliate with Foreign Parent.
OMB Control Number: 0608-0009.
Form Number: BE-605.
Type of Request: Regular submission.
Number of Responses: 16,000 annually.
Average Hours Per Response: One hour is the average, but may vary considerably among respondents because of differences in company size and complexity.
Estimated Total Annual Burden Hours: 16,000.
Needs and Uses: The Quarterly Survey of Foreign Direct Investment in the United States—Transactions of U.S. Affiliate with Foreign Parent (BE-605) is a sample survey that collects data on transactions and positions between foreign-owned U.S. business enterprises and their “affiliated foreign groups” (i.e., their foreign parents and foreign affiliates of their foreign parents). The sample data are used to derive universe estimates in nonbenchmark years from similar data reported in the BE-12, Benchmark Survey of Foreign Direct Investment in the United States, which is conducted every five years. The data are used in the preparation of the U.S. international transactions, national income and product, and input-output accounts and the net international investment position of the United States. The data are needed to measure the size and economic significance of foreign direct investment in the United States, measure changes in such investment, and assess its impact on the U.S. economy.
Affected Public: Businesses or other for-profit organizations.
Respondent's Obligation: Mandatory.Start Printed Page 4537
This information collection request may be viewed at www.reginfo.gov. Follow the instructions to view Department of Commerce collections currently under review by OMB.
Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to OIRA Submission@omb.eop.gov or fax to (202) 395-5806.
Dated: January 22, 2015.
Management Analyst, Office of the Chief Information Officer.
[FR Doc. 2015-01462 Filed 1-27-15; 8:45 am]
BILLING CODE 3510-06-P