[Federal Register Volume 76, Number 181 (Monday, September 19, 2011)]
[Notices]
[Page 58085]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-23873]
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DEPARTMENT OF THE TREASURY
Proposed Collections; Comment Requests
AGENCY: Departmental Offices; Department of the Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork burdens, invites the general public and
other Federal agencies to comment on revisions of two information
collections that are proposed for approval by the Office of Management
and Budget. The Office of International Affairs within the Department
of the Treasury is soliciting comments concerning Treasury
International Capital (TIC) Form BC, Report of U.S. Dollar Claims of
Depository Institutions, Brokers, and Dealers on Foreigners; and
Treasury International Capital (TIC) Form BL-1, Report of U.S. Dollar
Liabilities of Depository Institutions, Brokers, and Dealers to
Foreigners.
DATES: Written comments should be received on or before November 18,
2011 to be assured of consideration.
ADDRESSES: Direct all written comments to Dwight Wolkow, International
Portfolio Investment Data Systems, Department of the Treasury, Room
5422, 1500 Pennsylvania Avenue, NW., Washington, DC 20220. In view of
possible delays in mail delivery, please also notify Mr. Wolkow by e-
mail ([email protected]), fax (202-622-2009) or telephone (202-
622-1276).
FOR FURTHER INFORMATION CONTACT: Copies of the proposed forms and
instructions are available on the Treasury's TIC Forms Web page,
http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms.aspx. Requests for additional information should be directed to
Mr. Wolkow.
SUPPLEMENTARY INFORMATION:
Titles: Treasury International Capital Form BC, Report of U.S.
Dollar Claims of Depository Institutions, Brokers, and Dealers on
Foreigners; and Treasury Capital Form BL-1, Report of U.S. Dollar
Liabilities of Depository Institutions, Brokers, and Dealers to
Foreigners.
OMB Control Numbers: 1505-0017 and 1505-0019.
Abstracts: Forms BC and BL-1 are part of the Treasury International
Capital (TIC) reporting system, which is required by law (22 U.S.C.
286f; 22 U.S.C. 3103; E.O. 10033; 31 CFR 128) for the purpose of
providing timely information on international portfolio capital
movements. Form BC is a monthly report that covers own U.S. dollar
claims of banks, other depository institutions, brokers and dealers
vis-[agrave]-vis foreign residents. Form BL-1 is a monthly report that
covers own U.S. dollar liabilities of banks, other depository
institutions, brokers and dealers vis-[agrave]-vis foreign residents.
This information is necessary for compiling the U.S. balance of
payments accounts and the U.S. international investment position, and
for formulating U.S. international financial and monetary policies.
Current Actions: None.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Form BC (1505-0017)
Estimated Number of Respondents: 302.
Estimated Average Time per Respondent: Nine and nine/tenths (9.9)
hours per respondent per filing. This average time varies from 18 hours
for the approximately 30 major data reporters to 9 hours for the other
reporters.
Estimated Total Annual Burden Hours: 35,860 hours, based on 12
reporting periods per year.
Form BL-1 (1505-0019)
Estimated Number of Respondents: 348.
Estimated Average Time per Respondent: Seven and one/tenth (7.1)
hours per respondent per filing. This average time varies from 13 hours
for the approximately 30 major data reporters to 6.5 hours for the
other reporters.
Estimated Total Annual Burden Hours: 29,485 hours, based on 12
reporting periods per year.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for Office of
Management and Budget approval. All comments will become a matter of
public record. The public is invited to submit written comments
concerning: (a) Whether Forms BC and BL-1 are necessary for the proper
performance of the functions of the Office, including whether the
information will have practical uses; (b) the accuracy of the above
estimate of the burdens; (c) ways to enhance the quality, usefulness
and clarity of the information to be collected; (d) ways to minimize
the reporting and/or recordkeeping burdens on respondents, including
the use of information technologies to automate the collection of the
data; and (e) estimates of capital or start-up costs of operation,
maintenance and purchase of services to provide information.
Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. 2011-23873 Filed 9-16-11; 8:45 am]
BILLING CODE 4810-25-P