[Federal Register Volume 76, Number 181 (Monday, September 19, 2011)]
[Notices]
[Pages 58084-58085]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-23882]
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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 Form BQ-2, Part 1: Report of Foreign Currency
Liabilities to, and Claims on, Foreigners of Depository Institutions,
Brokers and Dealers, and Their Domestic Customers' Foreign Currency
Claims on Foreigners; Part 2: Report of Their Domestic Customers'
Foreign Currency 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 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 BQ-2, Part 1: Report of
Foreign Currency Liabilities to, and Claims on, Foreigners of
Depository Institutions, Brokers and Dealers, and Their Domestic
Customers' Foreign Currency Claims on Foreigners; Part 2: Report of
Their Domestic Customers' Foreign Currency Liabilities to Foreigners.
OMB Control Number: 1505-0020.
Abstract: Form BQ-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 part 128) and is designed to collect
timely information on international portfolio capital movements. Form
BQ-2 is a quarterly report that covers the liabilities to, and claims
on, foreigners of banks, other depository institutions, brokers and
dealers, and their domestic customers' claims and liabilities with
foreigners, where all claims and liabilities are denominated in foreign
currencies. 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 BQ-2 (1505-0020)
Estimated Number of Respondents: 149.
Estimated Average Time per Respondent: Six and six/tenths (6.6)
hours per respondent per filing. This average time varies from 11 hours
for the approximately 30 major reporters to 5.5 hours for the other
reporters.
Estimated Total Annual Burden Hours: 3,940 hours, based on four
reporting periods per year.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the
[[Page 58085]]
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 BQ-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 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. 2011-23882 Filed 9-16-11; 8:45 am]
BILLING CODE 4810-25-P