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.
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.
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.