Agency Form Under Review by the Office of Management and Budget (OMB)

DEPARTMENT OF COMMERCE

Agency Form Under Review by the Office of Management and Budget

(OMB)

DOC has submitted to 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: Industry Classification Questionnaire.

Form Number: Agency--BE-507; OMB--0608-0032.

Type of Request: Extension of a currently approved collection.

Burden: 600 respondents; 1 response per respondent per year; 300

reporting hours.

Average Hours per Response: \1/2\ hour.

Needs and Uses: The survey is required in order to classify, by

industry, information collected on related forms for U.S. direct

investment abroad (i.e., Forms BE-577, BE-133B, and BE-133C). These

data are needed, by country and industry, for compiling the quarterly

direct investment estimates included in the U.S. international

transactions and gross national product accounts, for annual estimates

of the U.S. direct investment position abroad, and for semi-annual

estimates of property, plant, and equipment expenditures of majority-

owned foreign affiliates. They are also needed to measure the economic

significance of U.S. direct investment abroad, monitor changes in such

investments, analyze its effect on the U.S. and foreign economies, and

based upon this assessment, make informed policy decisions regarding

U.S. investment abroad.

Affected Public: Business or other for-profit institutions.

Frequency: On occasion.

Respondent's Obligation: Mandatory.

OMB Desk Officer: Paul Bugg, 395-3093.

Copies of the above information collection proposal can be obtained

by calling or writing DOC Clearance Officer, Edward Michals, (202) 482-

3271, Department of Commerce, room H5310, 14th Street 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 3228,

New Executive Office Building, Washington, DC 20503.

Dated: February 28, 1994.

Edward Michals,

Departmental Clearance Officer, Office of Management and Organization.

[FR Doc. 94-4906 Filed 3-2-94; 8:45 am]

BILLING CODE 3510-CW-M