Federal Register: December 22, 1998 (Volume 63, Number 245)NoticesPage 70752From the Federal Register Online via GPO Access [wais.access.gpo.gov]

DOCID:fr22de98-34

DEPARTMENT OF COMMERCE

Submission For OMB Review; Comment Request

DOC has submitted 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.

Title: Annual Survey of Foreign Direct Investment in the United States.

Form Number(s): BE-15(LF), BE-15(SF), BE-15 Supplement C.

Agency Approval Number: 0608-0034.

Type of Request: Reinstatement, with change, of a previously approved collection for which approval has expired.

Burden: 128,000 hours.

Number of Respondents: 4,975.

Avg Hours Per Response: 26 hours.

Needs and Uses: The annual survey collects enterprise-level data on the financial and operating characteristics of U.S. companies that are foreign-owned. Data from the survey are used to derive universe estimates covering all foreign-owned U.S. companies. The data are needed to measure the economic significance of, and monitor changes in, foreign direct investment in the United States, and to analyze its effect on the U.S. economy. They will also be used in formulating, and assessing the impact of, U.S. policy on foreign direct investment.

Affected Public: Businesses or other for-profit institutions.

Frequency: Annually (except years in which a BE-12 benchmark survey is taken).

Respondent's Obligation: Mandatory.

Legal Authority: Title 22 U.S.C., Sections 3101-3108, as amended.

OMB Desk Officer: Paul Bugg, (202) 395-3093.

Copies of the above information collection proposal can be obtained by calling or writing Linda Engelmeier, DOC Forms Clearance Officer, (202) 482-3272, Department of Commerce, Room 5327, 14th Street and Constitution Avenue, NW, Washington, DC 20230.

Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to Paul Bugg, OMB Desk Officer, Room 10201, New Executive Office Building, Washington, DC 20503.

Dated: December 15, 1998. Madeleine Clayton, Management Analyst, Office of the Chief Information Officer.

FR Doc. 98-33768Filed12-21-98; 8:45 amBILLING CODE 3510-06-P