International Services Surveys: BE-80 Benchmark Survey of Financial Services Transactions Between U.S. Financial Services Providers and Unaffiliated Foreign Persons

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This notice sets forth proposed rules relating to international service surveys to institute a new survey, the BE-80, Benchmark Survey of Financial Services Transactions Between U.S. Financial Services Providers and Unaffiliated Foreign Persons, to be conducted by the Bureau of Economic Analysis (BEA), U.S. Department of Commerce. The survey will, for the first time, collect comprehensive information on trade in financial services between U.S. financial services providers and unaffiliated foreign persons. It is intended to cover the universe of such transactions by type and by country. The information is needed to support trade policy initiatives, including trade negotiations, on financial services and to compile the U.S. balance of payments and national income and product accounts. The survey will be conducted once every 5 years under the International Investment and Trade in Services Survey Act and the Omnibus Trade and Competitiveness Act of 1988. The first survey will cover 1994.