[Federal Register Volume 76, Number 181 (Monday, September 19, 2011)]
[Notices]
[Pages 58083-58084]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-23878]
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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 an information
collection 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 BL-2, Report by Depository
Institutions, Brokers and Dealers of Customers' U.S. Dollar Liabilities
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 webpage, 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 BL-2, Report by
Depository Institutions, Brokers and Dealers of Customers' U.S. Dollar
Liabilities to Foreigners.
OMB Control Number: 1505-0018.
Abstract: Form BL-2 is 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) and is designed to collect timely
information on international portfolio capital movements. Form BL-2 is
a monthly report filed by banks, other depository institutions, brokers
and dealers that covers their U.S. customers' dollar liabilities 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 BL-2 (1505-0018).
Estimated Number of Respondents: 80.
Estimated Average Time per Respondent: eight and three/tenths (8.3)
hours per respondent per filing. This average time varies from 12 hours
for
[[Page 58084]]
the approximately 30 major data reporters to 6 hours for the other
reporters.
Estimated Total Annual Burden Hours: 7,920 hours, based on twelve
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 Form BL-2 is 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 record keeping 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. 2011-23878 Filed 9-16-11; 8:45 am]
BILLING CODE 4810-25-P