Professional Documents
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71238 Federal Register / Vol. 70, No. 227 / Monday, November 28, 2005 / Rules and Regulations
Points, dated September 1, 2005, and will bring the BE–11 forms and related 11B(LF), BE–11B(SF), or BE–11C is not
effective September 15, 2005, is instructions into conformity with the required.
amended as follows: 2004 BE–10, Benchmark Survey of U.S. In addition to the changes in reporting
Direct Investment Abroad. criteria mentioned above, BEA is
Paragraph 6007—Offshore Airspace Areas. introducing a statistical sampling
DATES: This final rule will be effective
* * * * * December 28, 2005. procedure that utilizes a new BE–
11B(EZ) form. This form provides a few
Norton Sound Low, AK [Amended] FOR FURTHER INFORMATION CONTACT: Obie basic indicators for non-sample foreign
That airspace extending upward from G. Whichard, Chief, International affiliates that can be used as a basis for
1,200 MSL within a 45-mile radius of the Investment Division (BE–50), Bureau of estimating data that otherwise would
Deering Airport, Alaska, and airspace Economic Analysis, U.S. Department of
extending upward from 14,500 feet MSL
have to be reported on the lengthier BE–
Commerce, Washington, DC 20230; 11B(LF) and BE–11B(SF) forms.
within an area bounded by a line beginning
at Lat. 59°59′57″ N., long. 168°00′08″ W.; to
phone (202) 606–9890 or e-mail BEA is introducing a few changes to
Lat. 62°35′00″ N., long. 175°00′00″ W.; to Lat. (obie.whichard@bea.gov). the report forms themselves. BEA is
65°00′00″ N., long. 168°58′23″ W.; to Lat. SUPPLEMENTARY INFORMATION: In the adding questions to the BE–11A form,
68°00′00″ N., long. 168°58′23″ W.; to a point
August 22, 2005, Federal Register, 70 BE–11B(LF) form, and BE–11B(SF) form
12 miles offshore at Lat. 68°00′00″ N.; thence to bring the annual survey into
by a line 12 miles from and parallel to the FR 48920–48923, BEA published a
notice of proposed rulemaking setting conformity with the BE–10 benchmark
shoreline to Lat. 56°42′59″ N., long. survey. BEA is collecting detail on: (1)
160°00′00″ W.; to Lat. 58°06′57″ N., long. forth revised reporting requirements for
the BE–11, Annual Survey of U.S. Direct The broad occupational structure of
160°00′00″ W.; to Lat. 57°45′57″ N., long.
161°46′08″ W.; to the point of beginning, Investment Abroad. No comments on employment, (2) premiums earned and
excluding that portion that lies within Class claims paid by U.S. Reporters and
the proposed rule were received. Thus,
E airspace above 14,500 feet MSL, Federal foreign affiliates operating in the
the proposed rule is adopted without
airways and the Nome and Kotzebue, AK, insurance industry, and (3) goods
change. This final rule amends 15 CFR
Class E airspace areas. purchased for resale for U.S. Reporters
806.14 to set forth the reporting
* * * * * and foreign affiliates operating in the
requirements for the BE–11, Annual
wholesale and retail trade industries. In
Issued in Washington, DC, on November Survey of U.S. Direct Investment
17, 2005.
addition, BEA is expanding the
Abroad.
ownership section on the BE–11B(LF)
Edith V. Parish,
Description of Changes and (SF) forms to include components
Manager, Airspace and Rules. that are collected on the benchmark
[FR Doc. 05–23306 Filed 11–25–05; 8:45 am] The BE–11, Annual Survey of U.S. survey and to add a retained earnings
BILLING CODE 4910–13–P
Direct Investment Abroad, is a reconciliation section on the BE–
mandatory survey and is conducted 11B(LF) form similar to that on the
annually by BEA under the benchmark survey.
DEPARTMENT OF COMMERCE International Investment and Trade in
Services Survey Act (22 U.S.C. 3101– Survey Background
Bureau of Economic Analysis 3108), hereinafter, the Act. BEA will The Bureau of Economic Analysis
send the survey to potential respondents (BEA), U.S. Department of Commerce,
15 CFR Part 806 in March of each year; responses will be will conduct the survey under the
due by May 31. International Investment and Trade in
[Docket No. 050726200–5305–2]
This final rule: (1) Increases the Services Survey Act (22 U.S.C. 3101–
RIN 0691–AA58 exemption level for reporting on the 3108), hereinafter, the Act. Section 4(a)
BE–11B(SF) form and BE–11C form of the Act requires that with respect to
Direct Investment Surveys: BE–11, from $30 million to $40 million; (2) United States direct investment abroad,
Annual Survey of U.S. Direct increases the exemption level for the President shall, to the extent he
Investment Abroad reporting on the BE–11B(LF) form from deems necessary and feasible, conduct a
AGENCY: Bureau of Economic Analysis, $100 million to $150 million; and (3) regular data collection program to
Commerce. increases the exemption level for secure current information on
ACTION: Final rule.
reporting only selected items on Form international financial flows and other
BE–11A from $100 million to $150 information related to international
SUMMARY: This final rule amends million. In addition to certain investment and trade in services,
regulations of the U.S. Department of identification items, U.S. Reporters with including (but not limited to) such
Commerce, Bureau of Economic total assets, sales or gross operating information as may be necessary for
Analysis (BEA), for the BE–11, Annual revenues, and net income (loss) less computing and analyzing the United
Survey of U.S. Direct Investment than or equal to $150 million report States balance of payments, the
Abroad. only selected items on the BE–11A employment and taxes of United States
The BE–11 survey is conducted report. In conjunction with the increase parents and affiliates, and the
annually and is a sample survey that in the exemption level for reporting on international investment and trade in
obtains financial and operating data Forms BE–11B(SF) and BE–11C, a services position of the United States.
covering the overall operations of schedule on Form BE–11A is introduced In Section 3 of Executive Order
nonbank U.S. parent companies and for reporting a few data items for 11961, the President delegated authority
their nonbank foreign affiliates. To affiliates with assets, sales, and net granted under the Act as concerns direct
address the current needs of data users income between $10 million and $40 investment to the Secretary of
while at the same time keeping the million that were established or Commerce, who has redelegated it to
respondent burden as low as possible, acquired during the year. The foreign BEA. The annual survey of U.S. direct
BEA is modifying, adding, or deleting affiliate exemption level is the level of investment abroad is a sample survey
items on the survey forms and in the a foreign affiliate’s assets, sales, or net that provides a variety of measures of
reporting criteria. Most of the changes income below which a Form BE– the overall operations of U.S. parent
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