[Federal Register Volume 76, Number 181 (Monday, September 19, 2011)]
[Notices]
[Page 58087]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-23883]
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DEPARTMENT OF THE TREASURY
Proposed Collection; Comment Request
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-1, Report by Depository Institutions,
Brokers and Dealers of Their Domestic Customers' U.S. Dollar Claims on
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:
Title: Treasury International Capital Form BQ-1. Report by
Depository Institutions, Brokers and Dealers of Customers' U.S. Dollar
Claims on Foreigners.
OMB Control Number: 1505-0016.
Abstract: Form BQ-1 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. This
quarterly report filed by depository institutions, brokers and dealers
covers their U.S.-resident customers' dollar claims on 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 BQ-1 (1505-0016).
Estimated Number of Respondents: 77.
Estimated Average Time per Respondent: Three and one/tenth (3.1)
hours per respondent per filing. This average time varies from 4.5
hours for the approximately 30 major data reporters to 2.3 hours for
the other reporters.
Estimated Total Annual Burden Hours: 965 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 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-1 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. 2011-23883 Filed 9-16-11; 8:45 am]
BILLING CODE 4810-25-P