83_FR_14477 83 FR 14412 - BE-185: Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons

83 FR 14412 - 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 83, Issue 65 (April 4, 2018)

Page Range14412-14413
FR Document2018-06905

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). The data collected on the BE-185 survey are needed to measure U.S. trade in financial services and to analyze the impact of U.S. trade on the U.S. and foreign economies. This survey is authorized by the International Investment and Trade in Services Survey Act and by Section 5408 of the Omnibus Trade and Competitiveness Act of 1988.

Federal Register, Volume 83 Issue 65 (Wednesday, April 4, 2018) 
[Federal Register Volume 83, Number 65 (Wednesday, April 4, 2018)]
[Notices]
[Pages 14412-14413]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-06905]


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DEPARTMENT OF COMMERCE

Bureau of Economic Analysis

[Docket No. 180126086-8086-01]
RIN 0691-XC075


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.

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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 Financial Services 
Transactions between U.S. Financial Services Providers and Foreign 
Persons (BE-185). The data collected on the BE-185 survey are needed to 
measure U.S. trade

[[Page 14413]]

in financial services and to analyze the impact of U.S. trade on the 
U.S. and foreign economies. This survey is authorized by the 
International Investment and Trade in Services Survey Act and by 
Section 5408 of the Omnibus Trade and Competitiveness Act of 1988.

FOR FURTHER INFORMATION CONTACT: Christopher Stein, Chief, Services 
Surveys Branch (BE-50), Balance of Payments Division, Bureau of 
Economic Analysis, U.S. Department of Commerce, 4600 Silver Hill Road, 
Washington, DC 20233; phone (301) 278-9189; or via email at 
[email protected].

SUPPLEMENTARY INFORMATION: Through this Notice, BEA publishes the 
reporting requirements for the BE-185 survey form. As noted below, all 
entities required to respond to this mandatory survey will be contacted 
by BEA. Entities must submit the completed survey forms within 45 days 
after the end of each fiscal quarter, except for the final quarter of 
the entity's fiscal year when reports must be filed within 90 days. 
This Notice is being issued in conformance with the rule BEA issued on 
April 24, 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 at 
www.bea.gov/ssb.

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) 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 www.bea.gov/ssb and 
submitted through mail or fax. 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 entity'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, or via email at [email protected].

    Authority:  22 U.S.C. 3101-3108 and 15 U.S.C. 4908(b).

Brian C. Moyer,
Director, Bureau of Economic Analysis.
[FR Doc. 2018-06905 Filed 4-3-18; 8:45 am]
 BILLING CODE 3510-06-P

14412 Federal Register / Vol. 83, No. 65 / Wednesday, April 4, 2018 / Notices Paperwork Reduction Act Notice FOR FURTHER INFORMATION CONTACT: phone to BEA at (301) 278–9303 or by This data collection has been Christopher Stein, Chief, Services sending an email to be-30help@bea.gov. Surveys Branch (BE–50), Balance of When To Report: Reports are due to approved by the Office of Management Payments Division, Bureau of Economic BEA 45 days after the end of each and Budget (OMB) in accordance with Analysis, U.S. Department of calendar quarter. the Paperwork Reduction Act and Commerce, 4600 Silver Hill Road, Paperwork Reduction Act Notice assigned control number 0608–0004. An Washington, DC 20233; phone (301) agency may not conduct or sponsor, and This data collection has been 278–9189; or via email at a person is not required to respond to, approved by the Office of Management Christopher.Stein@bea.gov. a collection of information unless it and Budget (OMB) in accordance with displays a valid control number SUPPLEMENTARY INFORMATION: Through this Notice, BEA publishes the reporting the Paperwork Reduction Act and assigned by OMB. Public reporting assigned control number 0608–0011. An burden for this collection of information requirements for the BE–30 survey form. As noted below, all entities required to agency may not conduct or sponsor, and is estimated to average 1 hour per a person is not required to respond to, response. Additional information respond to this mandatory survey will be contacted by BEA. Entities must a collection of information unless it regarding this burden estimate may be displays a valid control number viewed at www.reginfo.gov; under the submit the completed survey forms within 45 days after the end of each assigned by OMB. Public reporting Information Collection Review tab, click burden for this collection of information on ‘‘Search’’ and use the above OMB calendar quarter. This Notice is being issued in conformance with the rule is estimated to average 4 hours per control number to search for the current response. Additional information BEA issued on April 24, 2012 (77 FR survey instrument. Send comments regarding this burden estimate may be 24373), establishing guidelines for regarding this burden estimate to viewed at www.reginfo.gov; under the collecting data on international trade in Director, Bureau of Economic Analysis Information Collection Review tab, click services and direct investment through (BE–1), U.S. Department of Commerce, on ‘‘Search’’ and use the above OMB notices, rather than through rulemaking. 4600 Silver Hill Rd., Washington, DC control number to search for the current Additional information about BEA’s 20233; and to the Office of Management survey instrument. Send comments collection of data on international trade and Budget, Paperwork Reduction regarding this burden estimate to in services and direct investment can be Project 0608–0004, 725 17th Street NW, Director, Bureau of Economic Analysis found in the 2012 rule, the International Washington, DC 20503, or via email at (BE–1), U.S. Department of Commerce, Investment and Trade in Services OIRA_Submission@omb.eop.gov. Survey Act (22 U.S.C. 3101 et seq.), and 4600 Silver Hill Rd., Washington, DC Authority: 22 U.S.C. 3101–3108. 15 CFR part 801. Survey data on 20233; and to the Office of Management international trade in services and direct and Budget, Paperwork Reduction Brian C. Moyer, investment that are not collected Project 0608–0011, 725 17th Street NW, Director, Bureau of Economic Analysis. Washington, DC 20503, or via email at pursuant to the 2012 rule are described [FR Doc. 2018–06904 Filed 4–3–18; 8:45 am] OIRA_Submission@omb.eop.gov. separately in 15 CFR part 801. The BE– BILLING CODE 3510–06–P 30 survey form and instructions are Authority: 22 U.S.C. 3101–3108. available at www.bea.gov/ssb. Brian C. Moyer, DEPARTMENT OF COMMERCE Reporting Director, Bureau of Economic Analysis. Notice of specific reporting [FR Doc. 2018–06902 Filed 4–3–18; 8:45 am] Bureau of Economic Analysis requirements, including who is to BILLING CODE 3510–06–P report, the information to be reported, [Docket No. 180129089–8089–01] the manner of reporting, and the time RIN 0691–XC077 and place of filing reports, will be DEPARTMENT OF COMMERCE mailed to those required to complete BE–30: Quarterly Survey of Ocean this survey. Bureau of Economic Analysis Freight Revenues and Foreign Who Must Report: (a) Reports are [Docket No. 180126086–8086–01] Expenses of U.S. Carriers required from U.S. ocean carriers that had total reportable revenues or total RIN 0691–XC075 AGENCY: Bureau of Economic Analysis, reportable expenses that were $500,000 Commerce. BE–185: Quarterly Survey of Financial or more during the prior year, or are Services Transactions Between U.S. ACTION: Notice of reporting expected to be $500,000 or more during Financial Services Providers and requirements. the current year. (b) Entities required to report will be Foreign Persons SUMMARY: By this Notice, the Bureau of contacted individually by BEA. Entities AGENCY: Bureau of Economic Analysis, Economic Analysis (BEA), Department not contacted by BEA have no reporting Commerce. of Commerce, is informing the public responsibilities. ACTION: Notice of reporting that it is conducting the mandatory What To Report: The survey collects requirements. survey titled Quarterly Survey of Ocean information on U.S. ocean freight Freight Revenues and Foreign Expenses carriers’ foreign revenues and expenses. SUMMARY: By this Notice, the Bureau of of U.S. Carriers (BE–30). The data How To Report: Reports can be filed Economic Analysis (BEA), Department collected on the BE–30 survey are using BEA’s electronic reporting system of Commerce, is informing the public amozie on DSK30RV082PROD with NOTICES needed to measure U.S. trade in at www.bea.gov/efile. Copies of the that it is conducting the mandatory transport services and to analyze the survey forms and instructions, which survey titled Quarterly Survey of impact of U.S. trade on the U.S. and contain complete information on Financial Services Transactions foreign economies. This survey is reporting procedures and definitions, between U.S. Financial Services authorized by the International can be downloaded from www.bea.gov/ Providers and Foreign Persons (BE– Investment and Trade in Services ssb and submitted through mail or fax. 185). The data collected on the BE–185 Survey Act. Form BE–30 inquiries can be made by survey are needed to measure U.S. trade VerDate Sep<11>2014 18:12 Apr 03, 2018 Jkt 244001 PO 00000 Frm 00003 Fmt 4703 Sfmt 4703 E:\FR\FM\04APN1.SGM 04APN1

Federal Register / Vol. 83, No. 65 / Wednesday, April 4, 2018 / Notices 14413 in financial services and to analyze the purchases of covered financial services Authority: 22 U.S.C. 3101–3108 and 15 impact of U.S. trade on the U.S. and from foreign persons that exceeded $15 U.S.C. 4908(b). foreign economies. This survey is million during the previous fiscal year, Brian C. Moyer, authorized by the International or are expected to exceed that amount Director, Bureau of Economic Analysis. Investment and Trade in Services during the current fiscal year. Because [FR Doc. 2018–06905 Filed 4–3–18; 8:45 am] Survey Act and by Section 5408 of the the thresholds are applied separately to BILLING CODE 3510–06–P Omnibus Trade and Competitiveness sales and purchases, the reporting Act of 1988. requirements may apply only to sales, FOR FURTHER INFORMATION CONTACT: only to purchases, or to both. DEPARTMENT OF COMMERCE Christopher Stein, Chief, Services (b) Entities required to report will be Surveys Branch (BE–50), Balance of Bureau of Economic Analysis contacted individually by BEA. Entities Payments Division, Bureau of Economic not contacted by BEA have no reporting [Docket No. 180125074–8074–01] Analysis, U.S. Department of responsibilities. RIN 0691–XC072 Commerce, 4600 Silver Hill Road, Washington, DC 20233; phone (301) What To Report: The survey collects 278–9189; or via email at information on transactions in the BE–11: Annual Survey of U.S. Direct Christopher.Stein@bea.gov. covered financial services between U.S. Investment Abroad SUPPLEMENTARY INFORMATION: Through financial services providers and foreign AGENCY: Bureau of Economic Analysis, this Notice, BEA publishes the reporting persons. Commerce. requirements for the BE–185 survey How To Report: Reports can be filed ACTION: Notice of reporting form. As noted below, all entities using BEA’s electronic reporting system requirements. required to respond to this mandatory at www.bea.gov/efile. Copies of the survey will be contacted by BEA. SUMMARY: By this Notice, the Bureau of survey forms and instructions, which Entities must submit the completed Economic Analysis (BEA), Department contain complete information on survey forms within 45 days after the of Commerce, is informing the public reporting procedures and definitions, that it is conducting the mandatory end of each fiscal quarter, except for the can be downloaded from www.bea.gov/ final quarter of the entity’s fiscal year survey titled Annual Survey of U.S. ssb and submitted through mail or fax. Direct Investment Abroad (BE–11). The when reports must be filed within 90 Form BE–185 inquiries can be made by days. This Notice is being issued in data collected through the BE–11 survey phone to BEA at (301) 278–9303 or by are needed to measure the size and conformance with the rule BEA issued sending an email to be-185help@ on April 24, 2012 (77 FR 24373), economic significance of U.S. direct bea.gov. investment abroad and its impact on the establishing guidelines for collecting data on international trade in services When To Report: Reports are due to U.S. and foreign economies. This survey and direct investment through notices, BEA 45 days after the end of each fiscal is authorized by the International rather than through rulemaking. quarter, except for the final quarter of Investment and Trade in Services Additional information about BEA’s the entity’s fiscal year when reports Survey Act. collection of data on international trade must be filed within 90 days. FOR FURTHER INFORMATION CONTACT: in services and direct investment can be Ricardo Limés, Chief, Multinational Paperwork Reduction Act Notice Operations Branch (BE–49), Bureau of found in the 2012 rule, the International Investment and Trade in Services This data collection has been Economic Analysis, U.S. Department of Survey Act (22 U.S.C. 3101 et seq.), and approved by the Office of Management Commerce, 4600 Silver Hill Road, 15 CFR part 801, and by Section 5408 and Budget (OMB) in accordance with Washington, DC 20233; phone (301) of the Omnibus Trade and 278–9659; or via email at the Paperwork Reduction Act and Competitiveness Act of 1988 (Pub. L. Ricardo.Limes@bea.gov. assigned control number 0608–0065. An 100–418, 15 U.S.C. 4908(b)). Survey SUPPLEMENTARY INFORMATION: BEA agency may not conduct or sponsor, and data on international trade in services a person is not required to respond to, publishes the reporting requirements for and direct investment that are not the BE–11 survey form. As noted below, a collection of information unless it collected pursuant to the 2012 rule are all entities required to respond to this displays a valid control number described separately in 15 CFR part 801. mandatory survey will be contacted by assigned by OMB. Public reporting The BE–185 survey form and BEA. A completed report covering the burden for this collection of information entity’s fiscal year ending during the instructions are available at is estimated to average 10 hours per previous calendar year is due by May www.bea.gov/ssb. response. Additional information 31. This Notice is being issued in Reporting regarding this burden estimate may be conformance with the rule BEA issued Notice of specific reporting viewed at www.reginfo.gov; under the on April 24, 2012 (77 FR 24373), requirements, including who is to Information Collection Review tab, click establishing guidelines for collecting report, the information to be reported, on ‘‘Search’’ and use the above OMB data on international trade in services the manner of reporting, and the time control number to search for the current and direct investment through notices, and place of filing reports, will be survey instrument. Send comments rather than through rulemaking. mailed to those required to complete regarding this burden estimate to Additional information about BEA’s this survey. Director, Bureau of Economic Analysis collection of data on international trade amozie on DSK30RV082PROD with NOTICES Who Must Report: (a) Reports are (BE–1), U.S. Department of Commerce, in services and direct investment can be required from each U.S. person who had 4600 Silver Hill Rd., Washington, DC found in the 2012 rule, the International sales of covered financial services to 20233; and to the Office of Management Investment and Trade in Services foreign persons that exceeded $20 and Budget, Paperwork Reduction Survey Act (22 U.S.C. 3101 et seq.), and million during the previous fiscal year, Project 0608–0065, 725 17th Street NW, 15 CFR part 801. Survey data on or are expected to exceed that amount Washington, DC 20503, or via email at international trade in services and direct during the current fiscal year; or had OIRA_Submission@omb.eop.gov. investment that are not collected VerDate Sep<11>2014 18:12 Apr 03, 2018 Jkt 244001 PO 00000 Frm 00004 Fmt 4703 Sfmt 4703 E:\FR\FM\04APN1.SGM 04APN1


Document Created: 2018-11-01 09:11:46
Document Modified: 2018-11-01 09:11:46
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice of reporting requirements.
ContactChristopher Stein, Chief, Services Surveys Branch (BE-50), Balance of Payments Division, Bureau of Economic Analysis, U.S. Department of Commerce, 4600 Silver Hill Road, Washington, DC 20233; phone (301) 278-9189; or via email at [email protected]
FR Citation83 FR 14412 
RIN Number0691-XC07
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