Submission for OMB Review; Comment Request, 48415 [2018-20787]
Download as PDF
<![CDATA[
daltland on DSKBBV9HB2PROD with NOTICES
Federal Register / Vol. 83, No. 186 / Tuesday, September 25, 2018 / Notices
Number of Responses: 2,200 annually
(550 filed each quarter; 515 reporting
mandatory or voluntary data, and 35
that would not report data).
Average Hours per Response: 9 hours
is the average for those reporting data
and one hour is the average for those
filing an exemption, but hours may vary
considerably among respondents
because of differences in company size
and complexity.
Estimated Total Annual Burden
Hours: 18,680.
Needs and Uses: The Quarterly
Survey of Insurance Transactions by
U.S. Insurance Companies with Foreign
Persons (BE–45) is one of BEA’s primary
data sources for its estimates of
insurance services exports and imports.
A U.S. insurance company must report
if it had transactions with foreign
persons, in any of the data items
covered by the survey, that exceeded $8
million (positive or negative) in the
prior calendar year, or are expected to
exceed that amount during the current
calendar year.
The data are needed to monitor U.S.
trade in insurance services, to analyze
the impact of these cross-border services
on the U.S. and foreign economies, to
compile and improve the U.S. economic
accounts, to support U.S. commercial
policy on trade in services, to conduct
trade promotion, and to improve the
ability of U.S. businesses to identify and
evaluate market opportunities. The data
are used in estimating the insurance
services component of the U.S.
international transactions accounts
(ITAs) and national income and product
accounts (NIPAs).
The Bureau of Economic Analysis
(BEA) is implementing one change to
the data collected on the BE–45 survey,
beginning with reporting for first quarter
2019, which will allow BEA to improve
the accuracy of our quarterly statistics
on insurance services exports and
imports.
Schedule B of the BE–45 survey,
which currently collects annual data on
primary insurance premiums and losses,
reinsurance losses, and auxiliary
insurance services receipts and
payments, on a mandatory basis in the
fourth quarter of the year, will now be
collected on a mandatory basis every
quarter.
BEA estimates the proposed changes,
being implemented beginning with
reporting for first quarter 2019, will
increase the average number of hours
per response from 8 hours to 9 hours for
those reporting data. The reporting
thresholds of the current BE–45 survey
will be retained. The effort to keep
current reporting thresholds unchanged
is intended to minimize respondent
VerDate Sep<11>2014
17:40 Sep 24, 2018
Jkt 244001
burden while considering the needs of
data users. Existing language in the
instructions and definitions will be
reviewed and adjusted as necessary to
clarify survey requirements.
Affected Public: Businesses or other
for-profit organizations.
Frequency: Quarterly.
Respondent’s Obligation: Mandatory.
OMB Desk Officer: Robert Sivinski,
(202) 395–1205.
This information collection request
may be viewed at https://
www.reginfo.gov/public/. Follow the
instructions to view Department of
Commerce collections currently under
review by OMB.
Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to OIRA_Submission@
omb.eop.gov.
Sheleen Dumas,
Departmental Lead PRA Officer, Office of
Chief Information Officer.
[FR Doc. 2018–20783 Filed 9–24–18; 8:45 am]
BILLING CODE 3510–06–P
DEPARTMENT OF COMMERCE
Bureau of Economic Analysis
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: Bureau of Economic Analysis
(BEA), Department of Commerce.
Title: Quarterly Survey of Financial
Services Transactions between U.S.
Financial Services Providers and
Foreign Persons.
OMB Control Number: 0608–0065.
Form Number: BE–185.
Type of Request: Regular submission.
Number of Responses: 2,860 annually
(715 filed each quarter; 580 reporting
mandatory data, and 135 that would file
other responses).
Average Hours per Response: 10
hours is the average for those reporting
data and one hour is the average for
those filing an exemption or providing
voluntary responses, but hours may vary
considerably among respondents
because of differences in company size
and complexity.
Estimated Total Annual Burden
Hours: 23,740.
Needs and Uses: The Quarterly
Survey of Financial Services
PO 00000
Frm 00007
Fmt 4703
Sfmt 9990
48415
Transactions between U.S. Financial
Services Providers and Foreign Persons
(BE–185) is one of BEA’s primary data
sources for its estimates of financial
services exports and imports. A U.S.
financial services provider must report
if they had sales of covered services to
foreign persons that exceeded $20
million for the previous fiscal year, or
are expected to exceed that amount
during the current fiscal year, or if it
had purchases of covered services from
foreign persons that exceeded $15
million for the previous fiscal year, or
are expected to exceed that amount
during the current fiscal year.
The data are needed to monitor U.S.
trade in financial services, to analyze
the impact of these cross-border services
on the U.S. and foreign economies, to
compile and improve the U.S. economic
accounts, to support U.S. commercial
policy on trade in services, to conduct
trade promotion, and to improve the
ability of U.S. businesses to identify and
evaluate market opportunities. The data
are used in estimating the financial
services component of the U.S.
international transactions accounts
(ITAs) and national income and product
accounts (NIPAs).
The Bureau of Economic Analysis
(BEA) is not making any modifications
to the current BE–185 survey. The effort
to keep current reporting requirements
unchanged is intended to minimize
respondent burden while considering
the needs of data users. Existing
language in the instructions and
definitions will be reviewed and
adjusted as necessary to clarify survey
requirements.
Affected Public: Businesses or other
for-profit organizations.
Frequency: Quarterly.
Respondent’s Obligation: Mandatory.
OMB Desk Officer: Robert Sivinski,
(202) 395–1205.
This information collection request
may be viewed at reginfo.gov https://
www.reginfo.gov/public/. Follow the
instructions to view Department of
Commerce collections currently under
review by OMB.
Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to OIRA_Submission@
omb.eop.gov.
Sheleen Dumas,
Departmental Lead PRA Officer, Office of the
Chief Information Officer.
[FR Doc. 2018–20787 Filed 9–24–18; 8:45 am]
BILLING CODE 3510–06–P
E:\FR\FM\25SEN1.SGM
25SEN1
]]>Agencies
[Federal Register Volume 83, Number 186 (Tuesday, September 25, 2018)]
[Notices]
[Page 48415]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-20787]
-----------------------------------------------------------------------
DEPARTMENT OF COMMERCE
Bureau of Economic Analysis
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: Bureau of Economic Analysis (BEA), Department of Commerce.
Title: Quarterly Survey of Financial Services Transactions between
U.S. Financial Services Providers and Foreign Persons.
OMB Control Number: 0608-0065.
Form Number: BE-185.
Type of Request: Regular submission.
Number of Responses: 2,860 annually (715 filed each quarter; 580
reporting mandatory data, and 135 that would file other responses).
Average Hours per Response: 10 hours is the average for those
reporting data and one hour is the average for those filing an
exemption or providing voluntary responses, but hours may vary
considerably among respondents because of differences in company size
and complexity.
Estimated Total Annual Burden Hours: 23,740.
Needs and Uses: The Quarterly Survey of Financial Services
Transactions between U.S. Financial Services Providers and Foreign
Persons (BE-185) is one of BEA's primary data sources for its estimates
of financial services exports and imports. A U.S. financial services
provider must report if they had sales of covered services to foreign
persons that exceeded $20 million for the previous fiscal year, or are
expected to exceed that amount during the current fiscal year, or if it
had purchases of covered services from foreign persons that exceeded
$15 million for the previous fiscal year, or are expected to exceed
that amount during the current fiscal year.
The data are needed to monitor U.S. trade in financial services, to
analyze the impact of these cross-border services on the U.S. and
foreign economies, to compile and improve the U.S. economic accounts,
to support U.S. commercial policy on trade in services, to conduct
trade promotion, and to improve the ability of U.S. businesses to
identify and evaluate market opportunities. The data are used in
estimating the financial services component of the U.S. international
transactions accounts (ITAs) and national income and product accounts
(NIPAs).
The Bureau of Economic Analysis (BEA) is not making any
modifications to the current BE-185 survey. The effort to keep current
reporting requirements unchanged is intended to minimize respondent
burden while considering the needs of data users. Existing language in
the instructions and definitions will be reviewed and adjusted as
necessary to clarify survey requirements.
Affected Public: Businesses or other for-profit organizations.
Frequency: Quarterly.
Respondent's Obligation: Mandatory.
OMB Desk Officer: Robert Sivinski, (202) 395-1205.
This information collection request may be viewed at reginfo.gov
https://www.reginfo.gov/public/. Follow the instructions to view
Department of Commerce collections currently under review by OMB.
Written comments and recommendations for the proposed information
collection should be sent within 30 days of publication of this notice
to [email protected].
Sheleen Dumas,
Departmental Lead PRA Officer, Office of the Chief Information Officer.
[FR Doc. 2018-20787 Filed 9-24-18; 8:45 am]
BILLING CODE 3510-06-P
