BE-185: Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons, 4835-4836 [2022-01835]

Download as PDF Federal Register / Vol. 87, No. 20 / Monday, January 31, 2022 / Notices phone to BEA at (301) 278–9261 or by sending an email to be577@bea.gov. When To Report: Reports are due to BEA 30 days after the close of each calendar or fiscal quarter, or 45 days if the report is for the final quarter of the financial reporting year. 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 0608–0004. 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 1 hour 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 Ricardo Limes, Chief, Direct Transactions and Positions Branch (BE– 49), via email at Ricardo.Limes@bea.gov; and to the Office of Management and Budget, Paperwork Reduction Project 0608–0004, via email at OIRA_ Submission@omb.eop.gov. (Authority: 22 U.S.C. 3101–3108.) Paul W. Farello, Associate Director for International Economics, Bureau of Economic Analysis. [FR Doc. 2022–01836 Filed 1–28–22; 8:45 am] BILLING CODE 3510–06–P DEPARTMENT OF COMMERCE Bureau of Economic Analysis [Docket No. 220119–0027] RIN 0691–XC129 BE–185: Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons Bureau of Economic Analysis, Commerce. ACTION: Notice of reporting requirements. khammond on DSKJM1Z7X2PROD with NOTICES AGENCY: 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– SUMMARY: VerDate Sep<11>2014 17:38 Jan 28, 2022 Jkt 256001 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. FOR FURTHER INFORMATION CONTACT: Christopher Stein, Chief, Services Surveys Branch, Balance of Payments Division, via phone at (301) 278–9189 or via email at Christopher.Stein@bea.gov. 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 30 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 45 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 (Public Law 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 combined reportable sales of 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 combined reportable purchases of financial services from PO 00000 Frm 00004 Fmt 4703 Sfmt 4703 4835 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. See BE– 185 survey form for more details. (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 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 be-185help@ bea.gov. When To Report: Reports are due to BEA 30 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 45 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 Christopher Stein, Chief, Services Surveys Branch, Balance of Payments Division, via email at Christopher.Stein@bea.gov; and to the Office of Management and Budget, Paperwork Reduction Project 0608– 0065, via email at OIRA_Submission@ omb.eop.gov. E:\FR\FM\31JAN1.SGM 31JAN1 4836 Federal Register / Vol. 87, No. 20 / Monday, January 31, 2022 / Notices (Authority: 22 U.S.C. 3101–3108 and 15 U.S.C. 4908(b)) Investment and Trade in Services Survey Act (22 U.S.C. 3101 et seq.), and 15 CFR part 801. 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– 605 survey forms and instructions are available at www.bea.gov/fdi. Paul W. Farello, Associate Director for International Economics, Bureau of Economic Analysis. [FR Doc. 2022–01835 Filed 1–28–22; 8:45 am] BILLING CODE 3510–06–P DEPARTMENT OF COMMERCE Bureau of Economic Analysis [Docket No. 220119–0029] RIN 0691–XC131 BE–605: Quarterly Survey of Foreign Direct Investment in the United States—Transactions of U.S. Affiliate With Foreign Parent Bureau of Economic Analysis, Commerce. ACTION: Notice of reporting requirements. AGENCY: 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 Foreign Direct Investment in the United States—Transactions of U.S. Affiliate with Foreign Parent (BE–605). The data collected on the BE–605 survey are needed to measure the size and economic significance of foreign direct investment in the United States and its impact on the U.S. economy. This survey is authorized by the International Investment and Trade in Services Survey Act. FOR FURTHER INFORMATION CONTACT: Ricardo Limes, Chief, Direct Transactions and Positions Branch (BE– 49), via phone (301) 278–9659 or via email at Ricardo.Limes@bea.gov. SUPPLEMENTARY INFORMATION: Through this Notice, BEA publishes the reporting requirements for the BE–605 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 30 days after the end of each calendar or fiscal quarter, or within 45 days if the report is for the final quarter of the financial reporting year. 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 khammond on DSKJM1Z7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 17:38 Jan 28, 2022 Jkt 256001 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. business enterprise in which a foreign person has a direct and/or indirect ownership interest of at least 10 percent of the voting stock in an incorporated business enterprise, or an equivalent interest in an unincorporated business enterprise, and that meets the additional conditions detailed in Form BE–605. (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 between parent companies and their affiliates and on direct investment positions (stocks). How To Report: Reports can be filed using BEA’s electronic reporting system at www.bea.gov/efile. Copies of the survey form and instructions, which contain complete information on reporting procedures and definitions, can be downloaded from www.bea.gov/ fdi and submitted through mail or fax. Form BE–605 inquiries can be made by phone to BEA at (301) 278–9422 or by sending an email to be605@bea.gov. When To Report: Reports are due to BEA 30 days after the close of each calendar or fiscal quarter, or 45 days if the report is for the final quarter of the financial reporting year. 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 0608–0009. 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 1 hour per response. Additional information regarding this burden estimate may be PO 00000 Frm 00005 Fmt 4703 Sfmt 4703 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 Ricardo Limes, Chief, Direct Transactions and Positions Branch (BE– 49), via email at Ricardo.Limes@bea.gov; and to the Office of Management and Budget, Paperwork Reduction Project 0608–0009, via email at OIRA_ Submission@omb.eop.gov. (Authority: 22 U.S.C. 3101–3108.) Paul W. Farello, Associate Director for International Economics, Bureau of Economic Analysis. [FR Doc. 2022–01837 Filed 1–28–22; 8:45 am] BILLING CODE 3510–06–P DEPARTMENT OF COMMERCE Bureau of Economic Analysis [Docket No. 220119–0026] RIN 0691–XC128 BE–125: Quarterly Survey of Transactions in Selected Services and Intellectual Property With Foreign Persons Bureau of Economic Analysis, Commerce. ACTION: Notice of reporting requirements. AGENCY: 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 Transactions in Selected Services and Intellectual Property with Foreign Persons (BE–125). The data collected on the BE–125 survey are needed to measure U.S. trade in 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. FOR FURTHER INFORMATION CONTACT: Christopher Stein, Chief, Services Surveys Branch, Balance of Payments Division, via phone at (301) 278–9189 or via email at Christopher.Stein@bea.gov. SUPPLEMENTARY INFORMATION: Through this Notice, BEA publishes the reporting requirements for the BE–125 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 30 days after the end of each fiscal quarter, except for the final quarter of the entity’s fiscal year SUMMARY: E:\FR\FM\31JAN1.SGM 31JAN1

Agencies

[Federal Register Volume 87, Number 20 (Monday, January 31, 2022)]
[Notices]
[Pages 4835-4836]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-01835]


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

DEPARTMENT OF COMMERCE

Bureau of Economic Analysis

[Docket No. 220119-0027]
RIN 0691-XC129


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.

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

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 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, Balance of Payments Division, via phone at (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 30 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 45 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 (Public Law 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 combined reportable sales of 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 
combined reportable purchases of 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. See BE-185 survey form for more details.
    (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 
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 30 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 45 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 Christopher Stein, Chief, 
Services Surveys Branch, Balance of Payments Division, via email at 
[email protected]; and to the Office of Management and Budget, 
Paperwork Reduction Project 0608-0065, via email at 
[email protected].


[[Page 4836]]


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

Paul W. Farello,
Associate Director for International Economics, Bureau of Economic 
Analysis.
[FR Doc. 2022-01835 Filed 1-28-22; 8:45 am]
BILLING CODE 3510-06-P