Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons

ICR 201207-0608-002

OMB: 0608-0065

Federal Form Document

ICR Details
0608-0065 201207-0608-002
Historical Active 200910-0608-003
DOC/EASA 200707-0608-185
Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons
Extension without change of a currently approved collection   No
Regular
Approved without change 10/21/2012
Retrieve Notice of Action (NOA) 08/23/2012
Prior to the commencement of the Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons survey form distribution, the Bureau of Economic Analysis (BEA) shall provide on its Internet site prominent links to a complete set of finalized survey forms, including instructions and cover letters.
  Inventory as of this Action Requested Previously Approved
10/31/2015 36 Months From Approved 12/31/2012
2,700 0 2,500
22,500 0 16,900
0 0 0

This survey will be used in monitoring U.S. exports and imports of financial services, analyzing their impact on the U.S. and foreign economies, compiling the international transactions, national income and product, and input-output accounts on the United States, supporting U.S. international trade policy on financial services, assessing U.S. competitiveness in international trade in financial services, and improving the ability of U.S. businesses to identify and evaluate market opportunities.

PL: Pub.L. 94 - 472 22 U.S.C. 3101-3108 Name of Law: International Investment and Trade in Services Survey Act
  
None

Not associated with rulemaking

  77 FR 27021 05/08/2012
77 FR 50082 08/20/2012
No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 2,700 2,500 0 0 200 0
Annual Time Burden (Hours) 22,500 16,900 0 0 5,600 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The estimated change in the burden hours is an increase of 5,600 hours. This is an adjustment caused by 1) an increase, from 1,600 to 2,200, in the estimated number of mandatory respondents meeting the (unchanged) requirements for filing on an annual basis and 2) a decrease, from 900 to 500, in other responses per year. The average burden level remains at 10 hours per mandatory response and 1 hour per other responses. The new estimated annual respondent burden is 22,500 hours.

$375,000
Yes Part B of Supporting Statement
No
No
No
No
Uncollected
Christopher Emond 202 606-9826 christopher.emond@bea.gov

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
08/23/2012


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