81 FR 19131 - BE-150: Quarterly Survey of Payment Card and Bank Card Transactions Related to International Travel

DEPARTMENT OF COMMERCE
Bureau of Economic Analysis

Federal Register Volume 81, Issue 64 (April 4, 2016)

By this Notice, the Bureau of Economic Analysis (BEA), Department of Commerce, is informing the public that it is conducting the mandatory survey titled Quarterly Survey of Payment Card and Bank Card Transactions Related to International Travel (BE-150). This survey is authorized by the International Investment and Trade in Services Survey Act.

[Federal Register Volume 81, Number 64 (Monday, April 4, 2016)]
[Notices]
[Pages 19131-19132]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-07474]


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DEPARTMENT OF COMMERCE

Bureau of Economic Analysis

[Docket No. 160304197-6197-01]
RIN 0691-XC045


BE-150: Quarterly Survey of Payment Card and Bank Card 
Transactions Related to International Travel

AGENCY: Bureau of Economic Analysis, Commerce.

ACTION: Notice of reporting requirements.

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SUMMARY: By this Notice, the Bureau of Economic Analysis (BEA), 
Department of Commerce, is informing the public that it is conducting 
the mandatory survey titled Quarterly Survey of Payment Card and Bank 
Card Transactions Related to International Travel (BE-150). This survey 
is authorized by the International Investment and Trade in Services 
Survey Act.

SUPPLEMENTARY INFORMATION: This Notice constitutes legal notification 
to all U.S. persons (defined below) who meet the reporting requirements 
set forth in this Notice that they must respond to, and comply with, 
the BE-150. Reports are due 45 days after the end of each calendar 
quarter. This notice is being issued in conformance with the rule BEA 
issued in 2012 (77 FR 24373) establishing guidelines for collecting 
data on international trade in services and direct investment through 
notices, rather than through rulemaking. Additional information about 
BEA's collection of data on international trade in services and direct 
investment can be found in the 2012 rule, the International Investment 
and Trade in Services Survey Act (22 U.S.C. 3101 et seq.), and 15 CFR 
part 801. Survey data on international trade in services and direct 
investment that are not collected pursuant to the 2012 rule are 
described separately in 15 CFR part 801. The BE-150 survey forms and 
instructions are available on the BEA Web site at www.bea.gov/ssb.

Definitions

    (a) 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 U.S. Government, a 
State or local government, and any agency, corporation, financial 
institution, or other entity or instrumentality thereof, including a 
government-sponsored agency).
    (b) U.S. person means any person resident in the United States or 
subject to the jurisdiction of the United States.
    (c) United States, when used in a geographic sense, means the 50 
States, the District of Columbia, the Commonwealth of Puerto Rico, and 
all territories and possessions of the United States.
    (d) Foreign person means any person resident outside the United 
States or subject to the jurisdiction of a country other than the 
United States.

Reporting

    Notice of specific reporting requirements, including who is to 
report, the information to be reported, the manner of reporting, and 
the time and place of filing reports, will be mailed to those required 
to complete this survey.
    Who Must Report: (a) U.S. credit card companies and personal 
identification number (PIN)-based debit network companies that process 
payment and bank card transactions between U.S. cardholders and foreign 
businesses and between foreign cardholders and U.S. businesses.
    (b) Entities required to report will be contacted individually by 
BEA. Entities not contacted by BEA have no reporting responsibilities.
    What To Report: The survey collects information on the credit, 
debit, charge, automated teller machine (ATM), and point of sale 
transactions of U.S. persons traveling abroad and foreign persons 
traveling in the United States.
    How To Report: Reports can be filed using BEA's electronic 
reporting system at www.bea.gov/efile. Copies of the survey forms and 
instructions, which contain complete information on reporting 
procedures and definitions, can be downloaded from the BEA Web site 
given above. Form BE-150 inquiries can be made by phone to BEA at (202) 
606-5588 or by sending an email to [email protected].
    When To Report: Reports are due to BEA 45 days after the end of 
each calendar quarter.

Paperwork Reduction Act Notice

    This data collection has been approved by the Office of Management 
and Budget (OMB) in accordance with the Paperwork Reduction Act and 
assigned control number 0608-0072. An agency may not conduct or 
sponsor, and a person is not required to respond to, a collection of 
information unless it displays a valid control number assigned by OMB. 
Public reporting burden for this collection of information is estimated 
to average 16 hours per response. Additional information regarding this 
burden estimate may be viewed at www.reginfo.gov; under the Information 
Collection Review tab, click on ``Search'' and use the above OMB 
control number to search for the current survey instrument. 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 
0608-0072, Washington, DC 20503.


[[Page 19132]]


    Authority: 22 U.S.C. 3101-3108.

Brian C. Moyer,
Director, Bureau of Economic Analysis.
[FR Doc. 2016-07474 Filed 4-1-16; 8:45 am]
 BILLING CODE 3510-06-P