[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