[Federal Register Volume 63, Number 82 (Wednesday, April 29, 1998)] [Notices] [Page 23488] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 98-11296] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Departmental Offices; Proposed Collections; Comment Requests ACTION: Notice and request for comments. ----------------------------------------------------------------------- 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 renewed approval by the Office of Management and Budget. The Office of International Financial Analysis within the Department of the Treasury is soliciting comments concerning Treasury International Capital Form BC/BC(SA), Reporting Bank's Own Claims and Selected Claims of Broker or Dealer, on Foreigners, Denominated in Dollars; and Treasury International Capital Form BL-1/BL-1(SA), Reporting Bank's Own Liabilities, and Selected Liabilities of Broker or Dealer, to Foreigners, Denominated in Dollars. DATES: Written comments should be received on or before June 29, 1998 to be assured of consideration. ADDRESSES: Direct all written comments to Gary A. Lee, Manager, Treasury International Capital Reporting System, Department of the Treasury, Room 5452, 1500 Pennsylvania Avenue NW, Washington, DC 20220. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the forms and instructions should be directed to Gary A. Lee, Manager, Treasury International Capital Reporting System, Department of the Treasury, Room 5465, 1500 Pennsylvania Avenue NW, Washington, DC 20220, (202) 622-2270. SUPPLEMENTARY INFORMATION: Titles: Treasury International Capital Form BC/BC(SA), Reporting Bank's Own Claims and Selected Claims of Broker or Dealer, on Foreigners, Denominated in Dollars; and Treasury Capital Form BL-1/BL- 1(SA), Reporting Bank's Own Liabilities, and Selected Liabilities of Broker or Dealer, to Foreigners, Denominated in Dollars. OMB Numbers: 1505-0017 and 1505-0019. Abstracts: Forms BC/BC(SA) and BL-1/BL-1(SA) are part of the Treasury International Capital (TIC) reporting system, which is required by law (22 U.S.C. 286f; 22 U.S.C. 3103; EO 10033; 31 CFR 128), and is designed to collect timely information on international portfolio capital movements. Form BC/BC(SA) is a monthly report (with a semiannual supplement) report that covers own U.S. dollar claims of banks, other depository institutions, brokers and dealers, vis-a-vis foreign residents. Form BL-1/BL-1(SA) is a monthly report (with a semiannual supplement) that covers own U.S. dollar liabilities of banks, other depository institutions, brokers and dealers vis-a-vis foreign residents. This information is necessary for compiling the U.S. balance of payments accounts, for calculating the U.S. international investment position, and for use in formulating U.S. international financial and monetary policies. Current Actions: No changes to reporting requirements for either form are proposed at this time. Type of Review: Extensions. Affected Public: Business or other for-profit organizations. Form BL-1/BL-1(SA) (1505-0017). Estimated Number of Respondents: 825. Estimated Average Time per Respondent: Seven (7) hours per respondent per filing. Estimated Total Annual Burden Hours: 69,300 hours, based on 12 reporting periods per year. Form BC/BC(SA) (1505-0019). Estimated Number of Respondents: 900. Estimated Average Time per Respondent: Seven (7) hours per respondent per filing. Estimated Total Annual Burden Hours: 75,600 hours, based on 12 reporting periods per year. Request For Comments Comments submitted in response to this notice will be summarized and/or included in the requests for OMB approval. All comments will become a matter of public record. The public is invited to submit written comments concerning: whether Forms BC/BC(SA) and BL-1/BL-1(SA) are necessary for the proper performance of the functions of the Office, including whether the information collected has practical uses; the accuracy of the above burden estimates; ways to enhance the quality, usefulness, and clarity of the information to be collected; 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 estimates of capital or start-up costs of operation, maintenance, and purchases of services to provide information. Thomas Ashby McCown, Director, Office of International Financial Analysis. [FR Doc. 98-11296 Filed 4-28-98; 8:45 am] BILLING CODE 4810-25-M