Agency Form Under Review by the Office of Management and Budget

DEPARTMENT OF COMMERCE

Agency Form Under Review by the Office of Management and Budget

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: Direct Transactions of U.S. Reporter with Foreign Affiliate.

Agency Approval Number: 0608-0004.

Type of Request: Revision of a currently approved collection.

Burden: 46,000 hours.

Number of Respondents: 10,000 hours.

Avg Hours Per Response: 1.15 minutes.

Needs and Uses: This survey is a sample survey that collects

current data on transactions and positions between U.S. parent

companies and their foreign affiliates. The survey is mandated by

Congress to provide a factual framework for addressing the concerns of

policymakers and the general public about the effects of direct

investment abroad on the U.S. and foreign economies. The sample data

are used to carry forward similar data reported in the benchmark

survey, or census, of U.S. direct investment abroad in order to derive

universe estimates in nonbenchmark years. The data are needed to record

the size of U.S. direct investment abroad, measure changes in such

investment, and assess its impact. They are also required for compiling

the balance of payments, international investment position, and

national income and product accounts of the United States.

Affected Public: Businesses or other for-profit institutions.

Frequency: Quarterly.

Respondent's Obligation: Mandatory.

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

Copies of the above information collection proposal can be obtained

by calling or writing Gerald Tache, DOC Forms Clearance Officer, (202)

482-3271, Department of Commerce, room 5312, 14th and Constitution

Avenue, NW, Washington, DC 20230.

Written comments and recommendations for the proposed information

collection should be sent to Paul Bugg, OMB Desk Officer, Room 10201,

New Executive Office Building, Washington, DC 20503.

Dated: November 22, 1994.

Gerald Tache,

Departmental Forms Clearance Officer, Office of Management and

Organization.

[FR Doc. 94-29295 Filed 11-28-94; 8:45 am]

BILLING CODE 3510-CW-F