[Federal Register Volume 67, Number 222 (Monday, November 18, 2002)]
[Notices]
[Pages 69593-69594]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 02-29121]
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DEPARTMENT OF THE TREASURY
Office of the Assistant Secretary for International Affairs;
Treasury International Capital (TIC) Forms BC/BC(SA), BL-1/BL-1(SA),
BL-2/BL-2(SA), BQ-1, BQ-2, and BQ-3
AGENCY: Departmental Offices, Department of the Treasury.
ACTION: Notice of reporting requirements.
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SUMMARY: By this Notice, the Department of the Treasury is informing
the public that it has revised the mandatory data collections conducted
through reporting on the Treasury International Capital (TIC) B-forms.
The revisions are effective for all reports beginning with reporting
periods ending February 28, 2003 and thereafter; until that time, the
current mandatory TIC B-forms and instructions remain in force. The
revisions include one new form, BQ-3, revised instructions, and five
revised forms: BC/BC(SA), BL-1/BL-1(SA), BL-2/BL-2(SA), BQ-1, and BQ-2.
This Notice constitutes legal notification to all United States
persons, as defined below, who meet the reporting requirements set
forth in this Notice that they must respond to, and comply with, these
data collections. United States persons who meet the reporting
requirements but who do not receive a set of the revised B-forms and
instructions should contact the Federal Reserve Bank of New York,
acting as fiscal agent for the Department of the Treasury, to obtain
copies. Additional copies of the reporting forms and instructions may
be printed from the Internet at: http://www.treas.gov/tic/forms.html.
Definition: A U.S. person is any individual, branch, partnership,
associated group, association, estate, trust, corporation, or other
organization (whether or not organized under the laws of any state),
and any government (including a foreign government, the United States
Government, a state, provincial, or local government, and any agency,
corporation, financial institution, or other entity or instrumentality
thereof, including a government-sponsored agency), who resides in the
United States or is subject to the jurisdiction of the United States.
Who must Report: U.S. persons who are (a) depository institutions,
bank holding companies, financial holding companies, or securities
brokers and dealers; and (b) whose reportable
[[Page 69594]]
amounts exceed established exemption levels must: Report on Form BC/
BC(SA) if the total of reporter's own dollar claims on all foreigners
is $50 million or more, or if the total of such claims is $25 million
or more for any individual country; report on Form BL-1/BL-1(SA) if the
total of reporter's own dollar liabilities to all foreigners is $50
million or more, or if the total of such liabilities is $25 million or
more for any individual country; report on Form BL-2/BL-2(SA) if the
total of reporter's domestic customers' dollar liabilities to all
foreigners is $50 million or more, or if the total of such liabilities
is $25 million or more for any individual country; report on Form BQ-1
if the total of reporter's domestic customers' dollar claims on all
foreigners is $50 million or more, or if the total of such claims is
$25 million or more for any individual country; report on Form BQ-2,
Part 1 if the total of foreign currency-denominated liabilities and
claims of reporter and its domestic customers vis-a-vis all foreigners
is $50 million or more, or the total of such liabilities and claims is
$25 million or more for any individual country; report on Form BQ-2,
Part 2 if the total of reporter's domestic customers' foreign currency-
denominated liabilities to all foreigners is $50 million or more; and
report on Form BQ-3 if the total of the maturities of selected own
dollar and foreign currency-denominated liabilities of the reporter
vis-a-vis all foreigners is $4,000 million or more.
What to Report: These reports collect timely information on
international portfolio capital movements vis-a-vis foreign countries
and international and regional organizations as follows: Form BC/BC(SA)
collects information on reporter's own U.S. dollar claims on
foreigners; Form BL-1/BL-1(SA) collects information on reporter's own
U.S. dollar liabilities to foreigners; Form BL-2/BL-2(SA) collects
information on U.S. dollar liabilities of reporter's domestic customers
to foreigners; Form BQ-1 collects information on U.S. dollar claims of
reporter's domestic customers on foreigners; Form BQ-2, Part 1 collects
information on liabilities and claims of reporter and on claims of
reporter's domestic customers vis-a-vis foreigners, that are
denominated in foreign currencies; Form BQ-2, Part 2 collects
information on foreign currency-denominated liabilities of reporter's
domestic customers to foreigners; and Form BQ-3 collects information on
maturities of selected U.S. dollar and foreign currency-denominated
liabilities of reporter vis-a-vis foreigners.
How to Report: Copies of the reporting forms and instructions,
which contain complete information on reporting procedures and
definitions, can be obtained by contacting the statistics unit of the
Federal Reserve Bank of New York at (212) 720-8037, email:
Patrica.Selvaggi@ny.frb.org. The mailing address is: Federal Reserve
Bank of New York, Statistics Function, 4th Floor, 33 Liberty Street,
New York, NY 10045-0001.
When to Report: Data on the revised TIC B-forms should be submitted
to the reporter's District Federal Reserve Bank, acting as fiscal agent
for the Department of the Treasury, beginning with reporting periods as
of February 28, 2003 and thereafter.
Paperwork Reduction Act Notice: These data collections have been
approved by the Office of Management and Budget (OMB) in accordance
with the Paperwork Reduction Act and assigned control numbers: 1505-
0016 for BQ-1; 1505-0017 for BC/BC(SA); 1505-0018 for BL-2/BL-2(SA),
1505-0019 for BL-1/BL-1(SA); 1505-0020 for BQ-2; and 1505-0189 for BQ-
3. An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a valid
control number assigned by OMB.
Dwight Wolkow,
Administrator, International Portfolio Investment Data Reporting
Systems.
[FR Doc. 02-29121 Filed 11-15-02; 8:45 am]
BILLING CODE 4810-25-P