Proposed Information Collection; Comment Request; Survey: Institutional Remittances to Foreign Countries, 22101-22102 [2010-9647]

Agencies

• DEPARTMENT OF COMMERCE
• Bureau of Economic Analysis
• Economic Analysis Bureau

[Federal Register Volume 75, Number 80 (Tuesday, April 27, 2010)]
[Notices]
[Pages 22101-22102]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-9647]


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DEPARTMENT OF COMMERCE

Bureau of Economic Analysis


Proposed Information Collection; Comment Request; Survey: 
Institutional Remittances to Foreign Countries

ACTION: Notice.

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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)).

DATES: Written comments must be submitted on or before June 28, 2010. 
June 25, 2010

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 via e-mail at 
dHynek@doc.gov.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the information collection instrument and instructions should 
be directed to Robert Becker, Current Account Services Branch, Balance 
of Payments Division, (BE-58), Bureau of Economic Analysis, U.S. 
Department of Commerce, Washington, DC 20230; phone: (202) 606-9576; 
fax: (202) 606-5314; or via e-mail at robert.becker@bea.gov.

SUPPLEMENTARY INFORMATION: 

I. Abstract

    The Institutional Remittances to Foreign Countries Survey (Form BE-
40) is used by the Bureau of Economic Analysis (BEA) for compiling the 
U.S. international transactions accounts (ITAs), which BEA publishes 
quarterly in news releases, on its Web site, and in its monthly 
journal, the Survey of Current Business. These accounts provide a 
statistical summary of all U.S. international transactions and are a 
principal federal economic indicator. In addition, they provide data 
for other U.S. economic measures and accounts, contributing 
particularly to the National Income and Product Accounts. The ITAs are 
used extensively by both government and private organizations for 
national and international economic policy formulation and for 
analytical purposes. The information collected in this survey is used 
to develop the ``private remittances'' portion of the ITAs. Without 
this information, an integral component of the ITAs would be omitted. 
No other government agency collects comprehensive quarterly data on 
institutional remittances of funds to foreign counties. There are no 
changes proposed to the form or instructions.
    Potential respondents are U.S. religious, charitable, educational, 
scientific and similar organizations that voluntarily agree to provide 
data regarding transfers to foreign residents and organizations and 
their expenditures in foreign countries.

II. Method of Collection

    Survey forms are mailed to potential respondents in January of each 
year; respondents expected to file on a quarterly basis are sent 
multiple copies. Quarterly reports are due 30 days after the close of 
each calendar or fiscal quarter and annual reports are due 90 days 
after the close of the calendar or fiscal year.
    The information is collected quarterly from organizations remitting 
$1 million or more each year and annually for organizations remitting 
at least $100,000 but less than $1 million each year. Organizations 
with remittances of less than $100,000 in the year covered by the 
report are exempt from reporting.

III. Data

    OMB Control Number: 0608-0002.
    Form Number: BE-40.
    Type of Review: Regular submission.
    Affected Public: Not-for-profit institutions.
    Estimated Number of Respondents: 1,220.
    Estimated Time per Response: 1 hour, 30 minutes.
    Estimated Total Annual Burden Hours: 2,294.
    Estimated Total Annual Cost to Public: $0.
    Respondent's Obligation: Voluntary.
    Legal Authority: Bretton Woods Agreement Act, Section 8, and E.O. 
10033, as amended.

[[Page 22102]]

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: April 21, 2010.
Glenna Mickelson,
Management Analyst, Office of Chief Information Officer.
[FR Doc. 2010-9647 Filed 4-26-10; 8:45 am]
BILLING CODE 3510-06-P