Proposal To Collect Information on Transactions of U.S. Affiliates With Their Foreign Parents, 58578-58579 [E6-16327]

Download as PDF rwilkins on PROD1PC63 with NOTICES 58578 Federal Register / Vol. 71, No. 192 / Wednesday, October 4, 2006 / Notices supplemented by data from Federal administrative records, to measure the economic activity of more than three million establishments classified in the North American Industry Classification System (NAICS). The construction sector comprises establishments primarily engaged in the construction of buildings and other structures, additions, alterations, reconstruction, installation, and maintenance and repairs. The economic census will produce basic statistics by industry for number of establishments, value of construction work, payroll, employment, selected costs, depreciable assets, and capital expenditures. It also will yield a variety of subject statistics, including estimates of type of construction work done, kind of business activity, and other industryspecific measures. Industry statistics will be summarized for the United States and states. The economic census is the primary source of facts about the structure and functioning of the Nation’s economy and features unique industry and geographic detail. Economic census statistics serve as part of the framework for the national accounts and provides essential information for government, business, and the general public. The Economic Census covering the Construction Sector collects information from contractors of all types of construction. Among the important statistics produced by the construction sector are estimates of the value of construction work during the covered year. The Federal government uses the information from the economic census as an important part of the framework for the national accounts, input-output measures, key economic indexes, and other estimates that serve as the factual basis for economic policy-making, planning, and program administration. State and local governments rely on the economic census as a unique source of comprehensive economic statistics for small geographical areas for use in policy-making, planning, and program administration. Finally, industry, business, and the general public use data from the economic census for economic forecasts, market research, benchmarks for their own sample-based surveys, and business and financial decision making. If the economic census was not conducted, the Federal government would lose vital source data and benchmarks for the national accounts, the input-output tables, and other composite measures of economic activity. Further, the government would lose critical benchmarks for current, sample-based economic surveys and an VerDate Aug<31>2005 14:45 Oct 03, 2006 Jkt 211001 essential source of detailed, comprehensive economic information for use in policy-making and program administration. Affected Public: Business or other forprofit. Frequency: One time. Respondent’s Obligation: Mandatory. Legal Authority: Title 13 U.S.C., Sections 131 and 224. OMB Desk Officer: Brian HarrisKojetin, (202) 395–7314. Copies of the above information collection proposal can be obtained by calling or writing Diana Hynek, Departmental Paperwork Clearance Officer, (202) 482–0266, Department of Commerce, room 6625, 14th and Constitution Avenue, NW., Washington, DC 20230 (or via the Internet at dhynek@doc.gov). Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to Brian Harris-Kojetin, OMB Desk Officer either by fax (202–395– 7245) or e-mail (bharrisk@omb.eop.gov). Dated: September 28, 2006. Madeleine Clayton, Management Analyst, Office of the Chief Information Officer. [FR Doc. E6–16326 Filed 10–3–06; 8:45 am] BILLING CODE 3510–07–P DEPARTMENT OF COMMERCE Submission for OMB Review; Comment Request 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: National Oceanic and Atmospheric Administration (NOAA). Title: Vessel Monitoring Program for the Pacific Coast Groundfish Fishery. Form Number(s): None. OMB Approval Number: 0648–0478. Type of Request: Regular submission. Burden Hours: 7,890. Number of Respondents: 723. Average Hours per Response: 4 hours to install a VMS; 4 hours per year to maintain a VMS; 5 seconds for an automated position report; 5 minutes to complete and fax a check-in report or to complete an exemption report; 4 minutes for a declaration report. Needs and Uses: The National Oceanic and Atmospheric Administration (NOAA) has established large irregularly-based rockfish conservation areas off the coasts of PO 00000 Frm 00003 Fmt 4703 Sfmt 4703 Washington, Oregon, and California. In order to allow fishing in or near these areas that does not threaten the conservation objectives, NOAA needs methods to effectively enforce restrictions on the location of fishing and the gear used. NOAA requires certain vessels to install a vessel monitoring system (VMS) that automatically gives hourly position reports. Inactive vessels or vessels fishing outside the monitored area can request an exemption from the automatic reporting requirement. Certain vessels would also be required to declare what gear will be used. Affected Public: Business or other forprofit organizations; individuals or households. Frequency: On occasion. Respondent’s Obligation: Mandatory. OMB Desk Officer: David Rostker, (202) 395–3897. Copies of the above information collection proposal can be obtained by calling or writing Diana Hynek, Departmental Paperwork Clearance Officer, (202) 482–0266, Department of Commerce, Room 6625, 14th and Constitution Avenue, NW., Washington, DC 20230 (or via the Internet at dHynek@doc.gov). Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to David Rostker, OMB Desk Officer, fax number (202) 395–7285, or David_Rostker@omb.eop.gov. Dated: September 28, 2006. Gwellnar Banks, Management Analyst, Office of the Chief Information Officer. [FR Doc. E6–16328 Filed 10–3–06; 8:45 am] BILLING CODE 3510–22–P DEPARTMENT OF COMMERCE Bureau of Economic Analysis Proposal To Collect Information on Transactions of U.S. Affiliates With Their Foreign Parents ACTION: Proposed collection; comment request. SUMMARY: The Department of Commerce, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). E:\FR\FM\04OCN1.SGM 04OCN1 Federal Register / Vol. 71, No. 192 / Wednesday, October 4, 2006 / Notices Written comments must be submitted on or before 5 p.m., December 4, 2006. ADDRESSES: Direct all written comments to Diana Hynek, Departmental Paperwork Clearance Officer, Department of Commerce, Room 6625, 14th and Constitution Avenue, NW., Washington, DC 20230 (or e-mail dhynek@doc.gov). DATES: FOR FURTHER INFORMATION CONTACT: Obie G. Whichard, Chief, International Investment Division, (BE–50), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230; phone (202) 606–9890 (or e-mail obie.whichard@bea.gov). SUPPLEMENTARY INFORMATION: rwilkins on PROD1PC63 with NOTICES I. Abstract The Transactions of U.S. Affiliates, Except a U.S. Banking Affiliate, with Foreign Parent (Form BE–605) and Transactions of U.S. Banking Affiliate with Foreign Parent (Form BE–605 Bank) obtain quarterly sample 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 data collected are used in the preparation of the U.S. international transactions accounts, national income and product accounts, and input-output accounts. The data are needed to measure the amount of foreign direct investment in the United States, monitor changes in such investment, assess its impact on the U.S. and foreign economies and, based upon this assessment, make informed policy decisions regarding foreign direct investment in the United States. BEA proposes the following changes to the survey to reduce respondent burden: (1) Redesign Form BE–605 to incorporate all instructions into the form, placing them, for the most part, on the pages facing the items to be reported; convert the most complicated instructions into separate line item questions; and, to further clarify the reporting requirements, include illustrative diagrams adjacent to questions pertaining to the ownership structure of the U.S. business enterprise and its affiliated foreign groups. (2) Delete questions from Form BE–605 and BE–605 Bank requesting information on receipts and payments for services transactions between the U.S. business enterprise and its affiliated foreign groups. BEA will propose to include these questions on its surveys covering trade in services, beginning with the first quarter of calendar year 2007. VerDate Aug<31>2005 14:45 Oct 03, 2006 Jkt 211001 II. Method of Collection Forms BE–605 and BE–605 Bank are quarterly reports that must be filed within 30 days after the end of each quarter (45 days after the final quarter of the respondent’s fiscal year) by every U.S. business enterprise that is owned 10 percent or more by a foreign investor and that has total assets, sales or gross operating revenues, or net income (positive or negative) of over $30 million. Potential respondents are those U.S. business enterprises that were required to report in the BE–12, Benchmark Survey of Foreign Direct Investment in the United States—2002, along with those U.S. business enterprises that subsequently entered the direct investment universe. The data collected are sample data covering transactions and positions between foreign-owned U.S. business enterprises and their affiliated foreign groups. Universe estimates are developed from the reported sample data. III. Data OMB Number: 0608–0009. Form Number: BE–605/BE–605 Bank. Type of Review: Regular submission. Affected Public: Businesses or other for-profit organizations. Estimated Number of Respondents: 3,950 per quarter; 15,800 annually. Estimated Time Per Response: 1 hour. Estimated Total Annual Burden Hours: 15,800. Estimated Total Annual Cost: $632,000 (based on an estimated reporting burden of 15,800 hours and an estimated hourly cost of $40). IV. Request for Comments Comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (b) the accuracy of the agency’s estimate of the burden (including hours and cost) of the proposed collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval of this information collection; they also will become a matter of public record. PO 00000 Frm 00004 Fmt 4703 Sfmt 4703 58579 Dated: September 28, 2006. Madeleine Clayton, Management Analyst, Office of the Chief Information Officer. [FR Doc. E6–16327 Filed 10–3–06; 8:45 am] BILLING CODE 3510–06–P DEPARTMENT OF COMMERCE International Trade Administration A–570–863 Honey from the People’s Republic of China: Rescission and Final Results of Antidumping Duty New Shipper Reviews Import Administration, International Trade Administration, Department of Commerce. SUMMARY: On June 7, 2006, the U.S. Department of Commerce (the Department) published preliminary results in the new shipper reviews of the antidumping order on honey from the People’s Republic of China (PRC). Honey from the People’s Republic of China: Intent to Rescind and Preliminary Results of Antidumping Duty New Shipper Reviews, 71 FR 32923 (June 7, 2006) (NSR7 Preliminary Results). These reviews cover two exporters, Shanghai Taiside Trading Co., Ltd. (Taiside) and Wuhan Shino– Food Trade Co., Ltd. (Shino–Food). The period of review (POR) is December 1, 2004, through May 31, 2005. While we have analyzed the record and comments from interested parties, we have made no changes to the preliminary results based on these comments. However, we have made a slight change to the calculation of Taiside’s margin based on the discovery of a clerical error. For these final results, therefore, we have determined that the new shipper review for Shino–Food should be rescinded because the sale made by Shino–Food was not bona fide. We have also determined that the sale made by Taiside is bona fide and that the sale has been made below normal value. EFFECTIVE DATE: October 4, 2006. FOR FURTHER INFORMATION CONTACT: Kristina Boughton or Bobby Wong, AD/ CVD Operations, Office 9, Import Administration, International Trade Administration, U.S. Department of Commerce, 14th Street and Constitution Avenue, NW, Washington, DC 20230; telephone: (202) 482–8173 or (202) 482– 0409, respectively. SUPPLEMENTARY INFORMATION: AGENCY: Background On June 7, 2006, the Department published the preliminary results of E:\FR\FM\04OCN1.SGM 04OCN1

Agencies

[Federal Register Volume 71, Number 192 (Wednesday, October 4, 2006)]
[Notices]
[Pages 58578-58579]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-16327]


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DEPARTMENT OF COMMERCE

Bureau of Economic Analysis


Proposal To Collect Information on Transactions of U.S. 
Affiliates With Their Foreign Parents

ACTION: Proposed collection; comment request.

-----------------------------------------------------------------------

SUMMARY: The Department of Commerce, as part of its continuing effort 
to reduce paperwork and respondent burden, invites the general public 
and other Federal agencies to comment on proposed and/or continuing 
information collections, as required by the Paperwork Reduction Act of 
1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)).

[[Page 58579]]


DATES: Written comments must be submitted on or before 5 p.m., December 
4, 2006.

ADDRESSES: Direct all written comments to Diana Hynek, Departmental 
Paperwork Clearance Officer, Department of Commerce, Room 6625, 14th 
and Constitution Avenue, NW., Washington, DC 20230 (or e-mail 
dhynek@doc.gov).

FOR FURTHER INFORMATION CONTACT: Obie G. Whichard, Chief, International 
Investment Division, (BE-50), Bureau of Economic Analysis, U.S. 
Department of Commerce, Washington, DC 20230; phone (202) 606-9890 (or 
e-mail obie.whichard@bea.gov).

SUPPLEMENTARY INFORMATION:

I. Abstract

    The Transactions of U.S. Affiliates, Except a U.S. Banking 
Affiliate, with Foreign Parent (Form BE-605) and Transactions of U.S. 
Banking Affiliate with Foreign Parent (Form BE-605 Bank) obtain 
quarterly sample 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 data collected are used in the preparation of the U.S. 
international transactions accounts, national income and product 
accounts, and input-output accounts. The data are needed to measure the 
amount of foreign direct investment in the United States, monitor 
changes in such investment, assess its impact on the U.S. and foreign 
economies and, based upon this assessment, make informed policy 
decisions regarding foreign direct investment in the United States.
    BEA proposes the following changes to the survey to reduce 
respondent burden: (1) Redesign Form BE-605 to incorporate all 
instructions into the form, placing them, for the most part, on the 
pages facing the items to be reported; convert the most complicated 
instructions into separate line item questions; and, to further clarify 
the reporting requirements, include illustrative diagrams adjacent to 
questions pertaining to the ownership structure of the U.S. business 
enterprise and its affiliated foreign groups. (2) Delete questions from 
Form BE-605 and BE-605 Bank requesting information on receipts and 
payments for services transactions between the U.S. business enterprise 
and its affiliated foreign groups. BEA will propose to include these 
questions on its surveys covering trade in services, beginning with the 
first quarter of calendar year 2007.

II. Method of Collection

    Forms BE-605 and BE-605 Bank are quarterly reports that must be 
filed within 30 days after the end of each quarter (45 days after the 
final quarter of the respondent's fiscal year) by every U.S. business 
enterprise that is owned 10 percent or more by a foreign investor and 
that has total assets, sales or gross operating revenues, or net income 
(positive or negative) of over $30 million. Potential respondents are 
those U.S. business enterprises that were required to report in the BE-
12, Benchmark Survey of Foreign Direct Investment in the United 
States--2002, along with those U.S. business enterprises that 
subsequently entered the direct investment universe. The data collected 
are sample data covering transactions and positions between foreign-
owned U.S. business enterprises and their affiliated foreign groups. 
Universe estimates are developed from the reported sample data.

III. Data

    OMB Number: 0608-0009.
    Form Number: BE-605/BE-605 Bank.
    Type of Review: Regular submission.
    Affected Public: Businesses or other for-profit organizations.
    Estimated Number of Respondents: 3,950 per quarter; 15,800 
annually.
    Estimated Time Per Response: 1 hour.
    Estimated Total Annual Burden Hours: 15,800.
    Estimated Total Annual Cost: $632,000 (based on an estimated 
reporting burden of 15,800 hours and an estimated hourly cost of $40).

IV. Request for Comments

    Comments are invited on: (a) Whether the proposed collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information will have practical 
utility; (b) the accuracy of the agency's estimate of the burden 
(including hours and cost) of the proposed collection of information; 
(c) ways to enhance the quality, utility, and clarity of the 
information to be collected; and (d) ways to minimize the burden of the 
collection of information on respondents, including through the use of 
automated collection techniques or other forms of information 
technology.
    Comments submitted in response to this notice will be summarized 
and/or included in the request for OMB approval of this information 
collection; they also will become a matter of public record.

    Dated: September 28, 2006.
Madeleine Clayton,
Management Analyst, Office of the Chief Information Officer.
[FR Doc. E6-16327 Filed 10-3-06; 8:45 am]
BILLING CODE 3510-06-P