[Federal Register Volume 79, Number 9 (Tuesday, January 14, 2014)]
[Notices]
[Pages 2508-2509]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-00509]
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DEPARTMENT OF THE TREASURY
Departmental Offices; Proposed Collection; Comment Request
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 an information collection that is
due for extension approval by the Office of Management and Budget. The
Office of International Affairs within the Department of the Treasury
is soliciting comments concerning the collection of data for the Annual
Report of Foreign-Residents' Holdings of U.S. Securities, including
Selected Money Market Instruments. The next such collection, which is a
benchmark survey, is to be conducted as of June 30, 2014.
DATES: Written comments should be received on or before March 17, 2014
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
email ([email protected]), FAX (202-622-2009) or telephone
(202-622-1276).
FOR FURTHER INFORMATION CONTACT: Copies of the proposed forms and
instructions are unchanged from the previous survey that was conducted
as of June 30, 2013 (Form SHLA(2013)), except that the ``who must
report'' section of the instructions is designed for a benchmark
survey. Forms and instruction are available on the Treasury's TIC Web
page for ``Forms SHL/SHLA & SHC/SHCA'' (Part I.A), at: http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms-sh.aspx. Requests for additional information should be directed to Mr.
Wolkow.
SUPPLEMENTARY INFORMATION:
Title: Treasury Department Form SHLA/SHL, Foreign-Residents'
Holdings of U.S. Securities, including Selected Money Market
Instruments.
OMB Number: 1505-0123
Abstract: These forms are used to conduct annual surveys of
holdings by foreign-residents of U.S. securities for portfolio
investment purposes. These data are used by the U.S. Government in the
formulation of international and financial policies and for the
computation of the U.S. balance of payments accounts and the U.S.
international investment position. These data will also be used to
provide information to the public and to meet international reporting
commitments.
The benchmark survey (Form SHL) is conducted once every five years,
and requires reporting by all significant U.S.-resident custodians and
U.S.-resident security issuers. In non-benchmark years an annual survey
(Form SHLA) is conducted, and requires reports primarily from the very
largest U.S.-resident custodians and issuers. The data requested will
be the same in Form SHL and, during the four succeeding years, in Form
SHLA. The determination of who must report in the annual surveys (SHLA)
will be based upon the securities data submitted during the previous
benchmark survey. The data collected under the annual surveys (SHLA)
will be used in conjunction with the results of the previous benchmark
survey to compute economy-wide estimates for the non-benchmark years.
Current Actions: No changes in the forms or instructions will be
made from the previous survey that was conducted as of June 30, 2013,
except that the ``who must report'' section of the instructions is
designed for a benchmark survey.
Type of Review: Extension of a currently approved collection.
Affected Public: Business/Financial Institutions.
Forms: TDF SHLA, Schedule 1 and Schedule 2 (1505-0123); TDF SHL,
Schedule 1 and Schedule 2 (1505-0123).
Estimated Number of Respondents: An annual average (over five
years) of 191, but this varies widely from about 540 in benchmark years
(once every five years) to about 104 in each of the other years (four
out of every five years).
Estimated Average Time per Respondent: an annual average (over five
years) of about 168 hours, but this will vary widely from respondent to
respondent. (a) In the year of a benchmark survey, which is conducted
once every five years, it is estimated that exempt respondents will
require an average of 17 hours; for custodians of securities, the
estimate is a total of 321 hours on average, but this figure will vary
widely for individual custodians; and for issuers of securities that
have data to report and are not custodians, the estimate is 61 hours on
average. (b) In a non-benchmark year, which occurs four years out of
every five years, for the largest custodians of securities, the
estimate is a total of 486 hours on average; and for the largest
issuers of securities that have data to report and are not custodians,
the estimate is 110 hours on average.
Estimated Total Annual Burden Hours: An annual average (over five
years) of 32,060 hours.
Frequency of Response: Annual.
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 the Survey is necessary for the proper
performance of the functions of the Office, including whether the
information collected has practical uses; (b) the accuracy of the above
burden estimates; (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,
[[Page 2509]]
maintenance and purchases of services to provide information.
Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. 2014-00509 Filed 1-13-14; 8:45 am]
BILLING CODE 4810-25-P