Proposed Information Collection; Comment Request; Institutional Remittances to Foreign Countries, 38011 [2013-15054]

Agencies

• DEPARTMENT OF COMMERCE

[Federal Register Volume 78, Number 122 (Tuesday, June 25, 2013)]
[Notices]
[Page 38011]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-15054]


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

DEPARTMENT OF COMMERCE

Bureau of Economic Analysis


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

AGENCY: Bureau of Economic Analysis, Commerce.

ACTION: Notice.

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

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.

DATES: Written comments must be submitted on or before 5 p.m. August 
26, 2013.

ADDRESSES: Direct all written comments to Jennifer Jessup, Departmental 
Paperwork Clearance Officer, Department of Commerce, Room 6616, 14th 
and Constitution Avenue NW., Washington, DC 20230, or via email at 
jjessup@doc.gov.

FOR FURTHER INFORMATION CONTACT: Direct requests for additional 
information or copies of the survey and instructions to Mark Xu, Chief, 
Special Surveys Branch, Balance of Payments Division, (BE-50), Bureau 
of Economic Analysis, U.S. Department of Commerce, Washington, DC 
20230; phone: (202) 606-9826; fax: (202) 606-5318; or via email at 
mark.xu@bea.gov.

SUPPLEMENTARY INFORMATION:

I. Abstract

    Form BE-40, Institutional Remittances to Foreign Countries, obtains 
data from U.S. nonprofit organizations whose remittances were $100,000 
or more for the previous year or are expected to meet or exceed that 
amount during the current year. The data 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. Potential respondents are U.S. religious, charitable, 
educational, scientific and similar nonprofit organizations that 
voluntarily agree to provide data on their transfers to foreign 
residents and organizations and on their expenditures in foreign 
countries.
    The data collected are cut-off sample data. The Bureau of Economic 
Analysis (BEA) estimates data for non-respondents.
    The data are needed by BEA for compiling the U.S. international 
transactions accounts (ITAs), which BEA publishes quarterly. 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 countries. 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 survey form is reformatted to better facilitate survey 
responses. No changes are proposed for the data collected or for 
exemption levels.

II. Method of Collection

    The surveys are sent to the respondents by U.S. mail; the surveys 
are also available from the BEA Web site. Respondents return the 
surveys one of four ways: U.S. mail, electronically using BEA's 
electronic collection system (eFile), fax, or email.

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 Responses: 100 each quarter for quarterly 
respondents and 277 for annual respondents; 677 total responses 
annually.
    Estimated Time per Response: 1 hour, 30 minutes.
    Estimated Total Annual Burden Hours: 1,015.5.
    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.

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: June 19, 2013.
Glenna Mickelson,
Management Analyst, Office of Chief Information Officer.
[FR Doc. 2013-15054 Filed 6-24-13; 8:45 am]
BILLING CODE 3510-06-P