82 FR 10739 - BE-185: Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons
DEPARTMENT OF COMMERCE
Bureau of Economic Analysis Federal Register Volume 82, Issue 30 (February 15, 2017)
Bureau of Economic Analysis
Federal Register Volume 82, Issue 30 (February 15, 2017)
| Page Range | 10739-10740 | |
| FR Document | 2017-03058 |
[Federal Register Volume 82, Number 30 (Wednesday, February 15, 2017)] [Notices] [Pages 10739-10740] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-03058] ----------------------------------------------------------------------- DEPARTMENT OF COMMERCE Bureau of Economic Analysis [Docket No. 170112071-7096-01] RIN 0691-XC064 BE-185: Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons AGENCY: Bureau of Economic Analysis, Commerce. ACTION: Notice of reporting requirements. ----------------------------------------------------------------------- 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 Financial Services Transactions between U.S. Financial Services Providers and Foreign Persons (BE-185). This survey is authorized by the International Investment and Trade in Services Survey Act and by Section [[Page 10740]] 5408 of the Omnibus Trade and Competitiveness Act of 1988. SUPPLEMENTARY INFORMATION: The purpose of this Notice is to notify all U.S. persons who meet the reporting requirements set forth in this Notice that they must respond to, and comply with, the BE-185. Reports are due 45 days after the end of each fiscal quarter, except for the final quarter of the U.S. person's fiscal year when reports must be filed within 90 days. 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, and by Section 5408 of the Omnibus Trade and Competitiveness Act of 1988 (Pub. L. 100-418, 15 U.S.C. 4908(b). 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-185 survey form and instructions are available on the BEA Web site at www.bea.gov/ssb. Reporting Who Must Report: (a) Reports are required from each U.S. person who had sales of covered financial services to foreign persons that exceeded $20 million during the previous fiscal year, or are expected to exceed that amount during the current fiscal year; or had purchases of covered financial services from foreign persons that exceeded $15 million during the previous fiscal year, or are expected to exceed that amount during the current fiscal year. Because the thresholds are applied separately to sales and purchases, the reporting requirements may apply only to sales, only to purchases, or to both. (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 transactions in the covered financial services between U.S. financial services providers and foreign persons. 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-185 inquiries can be made by phone to BEA at (301) 278-9303 or by sending an email to [email protected]. When To Report: Reports are due to BEA 45 days after the end of each fiscal quarter, except for the final quarter of the reporter's fiscal year when reports must be filed within 90 days. 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 0608-0065. 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 10 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, 4600 Silver Hill Rd., Washington, DC 20233; and to the Office of Management and Budget, Paperwork Reduction Project 0608-0065, 725 17th Street NW., Washington, DC 20503. Authority: 22 U.S.C. 3101-3108 and 15 U.S.C. 4908(b). Brian C. Moyer, Director, Bureau of Economic Analysis. [FR Doc. 2017-03058 Filed 2-14-17; 8:45 am] BILLING CODE 3510-06-P
![Federal Register / Vol. 82, No. 30 / Wednesday, February 15, 2017 / Notices 10739
When To Report: Reports are due to SUPPLEMENTARY INFORMATION: The When To Report: Reports are due to
BEA 60 days after the end of each purpose of this Notice is to notify all BEA 30 days after the close of each
calendar quarter, or 90 days after the U.S. persons who meet the reporting calendar or fiscal quarter; 45 days if the
close of the calendar year. requirements set forth in this Notice that report is for the final quarter of the
they must respond to, and comply with, financial reporting year.
Paperwork Reduction Act Notice the BE–605. Reports are due 30 days
Paperwork Reduction Act Notice
This data collection has been after the close of each calendar or fiscal
approved by the Office of Management quarter; 45 days if the report is for the This data collection has been
and Budget (OMB) in accordance with final quarter of the financial reporting approved by the Office of Management
the Paperwork Reduction Act and year. This Notice is being issued in and Budget (OMB) in accordance with
assigned control number 0608–0066. An conformance with the rule BEA issued the Paperwork Reduction Act and
agency may not conduct or sponsor, and in 2012 (77 FR 24373) establishing assigned control number 0608–0009. An
a person is not required to respond to, guidelines for collecting data on agency may not conduct or sponsor, and
a collection of information unless it international trade in services and direct a person is not required to respond to,
displays a valid control number investment through notices, rather than a collection of information unless it
assigned by OMB. Public reporting through rulemaking. Additional displays a valid control number
burden for this collection of information information about BEA’s collection of assigned by OMB. Public reporting
is estimated to average 8 hours per data on international trade in services burden for this collection of information
response. Additional information and direct investment can be found in is estimated to average 1 hour per
regarding this burden estimate may be the 2012 rule, the International response. Additional information
viewed at www.reginfo.gov; under the Investment and Trade in Services regarding this burden estimate may be
Information Collection Review tab, click Survey Act (22 U.S.C. 3101 et seq.), and viewed at www.reginfo.gov; under the
on ‘‘Search’’ and use the above OMB 15 CFR part 801. Survey data on Information Collection Review tab, click
control number to search for the current international trade in services and direct on ‘‘Search’’ and use the above OMB
survey instrument. Send comments investment that are not collected control number to search for the current
regarding this burden estimate to pursuant to the 2012 rule are described survey instrument. Send comments
Director, Bureau of Economic Analysis separately in 15 CFR part 801. The BE– regarding this burden estimate to
(BE–1), U.S. Department of Commerce, 605 survey forms and instructions are Director, Bureau of Economic Analysis
4600 Silver Hill Rd., Washington, DC available on the BEA Web site at (BE–1), U.S. Department of Commerce,
20233; and to the Office of Management www.bea.gov/fdi. 4600 Silver Hill Rd., Washington, DC
and Budget, Paperwork Reduction 20233; and to the Office of Management
Reporting
Project 0608–0066, 725 17th Street NW., and Budget, Paperwork Reduction
Washington, DC 20503. Notice of specific reporting Project 0608–0009, 725 17th Street NW.,
requirements, including who is to Washington, DC 20503.
Authority: 22 U.S.C. 3101–3108. report, the information to be reported, Authority: 22 U.S.C. 3101–3108.
Brian C. Moyer, the manner of reporting, and the time
Director, Bureau of Economic Analysis. and place of filing reports, will be Brian C. Moyer,
[FR Doc. 2017–03059 Filed 2–14–17; 8:45 am]
mailed to those required to complete Director, Bureau of Economic Analysis.
this survey. [FR Doc. 2017–03057 Filed 2–14–17; 8:45 am]
BILLING CODE 3510–06–P
Who Must Report: (a) Reports are BILLING CODE 3510–06–P
required from each U.S. business
DEPARTMENT OF COMMERCE enterprise in which a foreign person has
a direct and/or indirect ownership DEPARTMENT OF COMMERCE
Bureau of Economic Analysis interest of at least 10 percent of the
voting stock in an incorporated business Bureau of Economic Analysis
[Docket No. 170112073–7073–01] enterprise, or an equivalent interest in [Docket No. 170112071–7096–01]
RIN 0691–XC066
an unincorporated business enterprise,
and that meets the additional conditions RIN 0691–XC064
BE–605: Quarterly Survey of Foreign detailed in Form BE–605.
(b) Entities required to report will be BE–185: Quarterly Survey of Financial
Direct Investment in the United Services Transactions Between U.S.
States—Transactions of U.S. Affiliate contacted individually by BEA. Entities
not contacted by BEA have no reporting Financial Services Providers and
With Foreign Parent Foreign Persons
responsibilities.
AGENCY: Bureau of Economic Analysis, What To Report: The survey collects AGENCY: Bureau of Economic Analysis,
Commerce. information on transactions between Commerce.
ACTION: Notice of reporting parent companies and their affiliates ACTION: Notice of reporting
requirements. and on direct investment positions requirements.
(stocks).
SUMMARY: By this Notice, the Bureau of How To Report: Reports can be filed SUMMARY: By this Notice, the Bureau of
Economic Analysis (BEA), Department using BEA’s electronic reporting system Economic Analysis (BEA), Department
of Commerce, is informing the public at www.bea.gov/efile. Copies of the of Commerce, is informing the public
that it is conducting the mandatory survey form and instructions, which that it is conducting the mandatory
mstockstill on DSK3G9T082PROD with NOTICES
survey titled Quarterly Survey of contain complete information on survey titled Quarterly Survey of
Foreign Direct Investment in the United reporting procedures and definitions, Financial Services Transactions
States—Transactions of U.S. Affiliate can be downloaded from the BEA Web between U.S. Financial Services
with Foreign Parent (BE–605). This site given above. Form BE–605 inquiries Providers and Foreign Persons (BE–
survey is authorized by the International can be made by phone to (301) 278– 185). This survey is authorized by the
Investment and Trade in Services 9422 or by sending an email to be605@ International Investment and Trade in
Survey Act. bea.gov. Services Survey Act and by Section
VerDate Sep<11>2014 18:44 Feb 14, 2017 Jkt 241001 PO 00000 Frm 00006 Fmt 4703 Sfmt 4703 E:\FR\FM\15FEN1.SGM 15FEN1](https://thefederalregister.org/doc/82_FR_10769/page/1.svg)
![10740 Federal Register / Vol. 82, No. 30 / Wednesday, February 15, 2017 / Notices
5408 of the Omnibus Trade and site given above. Form BE–185 inquiries Intellectual Property with Foreign
Competitiveness Act of 1988. can be made by phone to BEA at (301) Persons (BE–125). This survey is
SUPPLEMENTARY INFORMATION: The 278–9303 or by sending an email to be- authorized by the International
purpose of this Notice is to notify all 185help@bea.gov. Investment and Trade in Services
U.S. persons who meet the reporting When To Report: Reports are due to Survey Act.
requirements set forth in this Notice that BEA 45 days after the end of each fiscal SUPPLEMENTARY INFORMATION: The
they must respond to, and comply with, quarter, except for the final quarter of purpose of this Notice is to notify all
the BE–185. Reports are due 45 days the reporter’s fiscal year when reports U.S. persons who meet the reporting
after the end of each fiscal quarter, must be filed within 90 days. requirements set forth in this Notice that
except for the final quarter of the U.S. Paperwork Reduction Act Notice they must respond to, and comply with,
person’s fiscal year when reports must the BE–125. Reports are due 45 days
be filed within 90 days. This notice is This data collection has been
after the end of each fiscal quarter
being issued in conformance with the approved by the Office of Management
except for the final quarter. After the
rule BEA issued in 2012 (77 FR 24373) and Budget (OMB) in accordance with
end of fiscal year of the U.S. person,
establishing guidelines for collecting the Paperwork Reduction Act and
reports must be filed within 90 days.
data on international trade in services assigned control number 0608–0065. An
This Notice is being issued in
and direct investment through notices, agency may not conduct or sponsor, and
conformance with the rule BEA issued
rather than through rulemaking. a person is not required to respond to,
in 2012 (77 FR 24373) establishing
Additional information about BEA’s a collection of information unless it
guidelines for collecting data on
collection of data on international trade displays a valid control number
international trade in services and direct
in services and direct investment can be assigned by OMB. Public reporting
investment through notices, rather than
found in the 2012 rule, the International burden for this collection of information
through rulemaking. Additional
Investment and Trade in Services is estimated to average 10 hours per
information about BEA’s collection of
Survey Act (22 U.S.C. 3101 et seq.), and response. Additional information
data on international trade in services
15 CFR part 801, and by Section 5408 regarding this burden estimate may be
and direct investment can be found in
of the Omnibus Trade and viewed at www.reginfo.gov; under the
the 2012 rule, the International
Competitiveness Act of 1988 (Pub. L. Information Collection Review tab, click
Investment and Trade in Services
100–418, 15 U.S.C. 4908(b). Survey data on ‘‘Search’’ and use the above OMB
Survey Act (22 U.S.C. 3101 et seq.), and
on international trade in services and control number to search for the current
15 CFR part 801. Survey data on
direct investment that are not collected survey instrument. Send comments
international trade in services and direct
pursuant to the 2012 rule are described regarding this burden estimate to
investment that are not collected
separately in 15 CFR part 801. The BE– Director, Bureau of Economic Analysis
pursuant to the 2012 rule are described
185 survey form and instructions are (BE–1), U.S. Department of Commerce,
separately in 15 CFR part 801. The BE–
available on the BEA Web site at 4600 Silver Hill Rd., Washington, DC
125 survey form and instructions are
www.bea.gov/ssb. 20233; and to the Office of Management
available on the BEA Web site at
and Budget, Paperwork Reduction
Reporting www.bea.gov/ssb.
Project 0608–0065, 725 17th Street NW.,
Who Must Report: (a) Reports are Washington, DC 20503. Reporting
required from each U.S. person who had Authority: 22 U.S.C. 3101–3108 and 15
sales of covered financial services to Notice of specific reporting
U.S.C. 4908(b). requirements, including who is to
foreign persons that exceeded $20
million during the previous fiscal year, Brian C. Moyer, report, the information to be reported,
or are expected to exceed that amount Director, Bureau of Economic Analysis. the manner of reporting, and the time
during the current fiscal year; or had [FR Doc. 2017–03058 Filed 2–14–17; 8:45 am]
and place of filing reports, will be
purchases of covered financial services mailed to those required to complete
BILLING CODE 3510–06–P
from foreign persons that exceeded $15 this survey.
million during the previous fiscal year, Who Must Report: (a) Reports are
or are expected to exceed that amount DEPARTMENT OF COMMERCE required from each U.S. person who had
during the current fiscal year. Because sales of covered services or intellectual
the thresholds are applied separately to Bureau of Economic Analysis property to foreign persons that
sales and purchases, the reporting exceeded $6 million during the prior
[Docket No. 170112069–7093–01]
requirements may apply only to sales, fiscal year, or are expected to exceed
only to purchases, or to both. RIN 0691–XC062 that amount during the current fiscal
(b) Entities required to report will be year; or had purchases of covered
contacted individually by BEA. Entities BE–125: Quarterly Survey of services or intellectual property from
not contacted by BEA have no reporting Transactions in Selected Services and foreign persons that exceeded $4
responsibilities. Intellectual Property With Foreign million during the prior fiscal year, or
What To Report: The survey collects Persons are expected to exceed that amount
information on transactions in the AGENCY: Bureau of Economic Analysis, during the current fiscal year. Because
covered financial services between U.S. Commerce. the thresholds are applied separately to
financial services providers and foreign ACTION: Notice of reporting
sales and purchases, the reporting
persons. requirements may apply only to sales,
mstockstill on DSK3G9T082PROD with NOTICES
requirements.
How To Report: Reports can be filed only to purchases, or to both.
using BEA’s electronic reporting system SUMMARY: By this Notice, the Bureau of (b) Entities required to report will be
at www.bea.gov/efile. Copies of the Economic Analysis (BEA), Department contacted individually by BEA. Entities
survey forms and instructions, which of Commerce, is informing the public not contacted by BEA have no reporting
contain complete information on that it is conducting the mandatory responsibilities.
reporting procedures and definitions, survey titled Quarterly Survey of What To Report: The survey collects
can be downloaded from the BEA Web Transactions in Selected Services and information on U.S. international trade
VerDate Sep<11>2014 18:44 Feb 14, 2017 Jkt 241001 PO 00000 Frm 00007 Fmt 4703 Sfmt 4703 E:\FR\FM\15FEN1.SGM 15FEN1](https://thefederalregister.org/doc/82_FR_10769/page/2.svg)
Document Created: 2017-02-15 00:55:14
Document Modified: 2017-02-15 00:55:14
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice of reporting requirements. | |
| FR Citation | 82 FR 10739 | |
| RIN Number | 0691-XC06 |
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