Proposed Collection; Comment Request, 96566-96568 [2016-31651]
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96566
Federal Register / Vol. 81, No. 251 / Friday, December 30, 2016 / Notices
Forms for Endorsements, Certificates of
Insurance and Other Evidence of Bodily
Injury and Property Damage (BI&PD)
Liability and Cargo Liability Financial
Responsibility
BMC–85, entitled ‘‘Broker’s or Freight
Forwarder’s Trust Fund Agreement
Under 49 U.S.C. 13906 or Notice of
Cancellation of the Agreement,’’ can be
used to cancel prior filings.
Forms BMC–91 and BMC–91X,
entitled ‘‘Motor Carrier Automobile
Bodily Injury and Property Damage
Liability Certificate of Insurance,’’ and
Form BMC–82, entitled ‘‘Motor Carrier
Bodily Injury Liability and Property
Damage Liability Surety Bond Under 49
U.S.C. 13906,’’ provide evidence of the
required coverage for bodily injury and
property damage (BI & PD) liability. A
Form BMC–91X filing is required when
a carrier’s insurance is provided by
multiple companies instead of just one.
Form BMC–34, entitled ‘‘Household
Goods Motor Carrier Cargo Liability
Certificate of Insurance,’’ and Form
BMC–83, entitled ‘‘Household Goods
Motor Carrier Cargo Liability Surety
Bond Under 49 U.S.C. 13906,’’ establish
a carrier’s compliance with the Agency’s
cargo liability requirements. Only
household goods (HHG) motor carriers
are required to file evidence of cargo
insurance with FMCSA. 49 CFR
387.303(c). Form BMC–90, entitled
‘‘Endorsement for Motor Carrier Policies
of Insurance for Automobile Bodily
Injury and Property Damage Liability
Under Section 13906, Title 49 of the
United States Code,’’ and Form BMC–
32, entitled ‘‘Endorsement for Motor
Common Carrier Policies of Insurance
for Cargo Liability Under 49 U.S.C.
13906,’’ are executed by the insurance
company, attached to BI & PD or cargo
liability insurance policy, respectively,
and forwarded to the motor carrier or
freight forwarder.
Self-Insurance
Motor carriers can also apply to
FMCSA to self-insure BI & PD and/or
cargo liability in lieu of filing
certificates of insurance with the
FMCSA, as long as the carrier maintains
a satisfactory safety rating (see 49 CFR
387.309.) Form BMC–40 is the
application used by carriers to apply for
self-insurance authority.
Title: Financial Responsibility—
Motor Carriers, Freight Forwarders, and
Brokers.
OMB Control Number: 2126–0017.
Type of Request: Renewal of a
currently approved information
collection.
Respondents: Motor carriers, freight
forwarders, and brokers.
Estimated Number of Respondents:
183,340.
Estimated Time per Response: The
estimated average burden per response
for Form BMC–40 is 40 hours. The
estimated average burden per response
for the remaining insurance forms
(BMC–34, 35, 36, 82, 83, 84, 85, 91, and
91X) is 10 minutes per form.
Expiration Date: February 28, 2017.
Frequency of Response: Certificates of
insurance, surety bonds, and trust fund
agreements are required when the
transportation entity first registers with
FMCSA and then when such coverages
are changed or replaced by these
entities. Notices of cancellation are
required only when such certificates of
insurance, surety bonds, and trust fund
agreements are cancelled. The BMC–40
is filed only when a carrier seeks
approval from FMCSA to self-insure its
bodily injury and property damage (BI
& PD) and/or cargo liability coverage.
Estimated Total Annual Burden:
45,168 hours [2 BMC–40 filings per year
× 40 hours to complete + 270,525 filings
per year for all the other forms × 10
minutes/60 minutes to complete =
45,168].
Public Comments Invited: You are
asked to comment on any aspect of this
information collection, including: (1)
Whether the proposed collection is
necessary for the performance of
FMCSA’s functions; (2) the accuracy of
the estimated burden; (3) ways for
FMCSA to enhance the quality,
usefulness, and clarity of the collected
information; and (4) ways that the
burden could be minimized without
reducing the quality of the collected
information. The agency will summarize
or include your comments in the request
Requirement To Obtain Surety Bond or
Trust Fund Agreement
srobinson on DSK5SPTVN1PROD with NOTICES
Form BMC–84, entitled ‘‘Broker’s or
Freight Forwarder’s Surety Bond Under
49 U.S.C. 13906,’’ and Form BMC–85,
entitled ‘‘Broker’s or Freight
Forwarder’s Trust Fund Agreement
Under 49 U.S.C. 13906 or Notice of
Cancellation of the Agreement,’’ are
filed by brokers or freight forwarders to
comply with the requirement that they
must have a $75,000 surety bond or
trust fund agreement in effect before
FMCSA will issue property broker or
freight forwarder operating authority
registration.
Cancellation of Prior Filings
Form BMC–35, entitled ‘‘Notice of
Cancellation Motor Carrier Insurance
under 49 U.S.C. 13906,’’ Form BMC–36,
entitled ‘‘Motor Carrier and Broker’s
Surety Bonds under 49 U.S.C. 13906
Notice of Cancellation,’’ and Form
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for OMB’s clearance of this information
collection.
Issued on: December 23, 2016.
G. Kelly Regal,
Associate Administrator for Office of
Research and Information Technology.
[FR Doc. 2016–31701 Filed 12–29–16; 8:45 am]
BILLING CODE 4910–EX–P
DEPARTMENT OF THE TREASURY
Proposed Collection; Comment
Request
Departmental Offices, Treasury.
Notice and request for
comments.
AGENCY:
ACTION:
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 for
2017 of a currently approved
information collection that is 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 the revision of
the Treasury International Capital (TIC)
Form SHL/SHLA.
DATES: Written comments should be
received on or before February 28, 2017
to be assured of consideration.
ADDRESSES: Direct all written comments
to Dwight Wolkow, International
Portfolio Investment Data Systems,
Department of the Treasury, Room 5422
MT, 1500 Pennsylvania Avenue NW.,
Washington, DC 20220. In view of
possible delays in mail delivery, you
may also wish to send a copy to Mr.
Wolkow by email
(comments2TIC@do.treas.gov) or FAX
(202–622–2009). Mr. Wolkow can also
be reached by telephone (202–622–
1276).
FOR FURTHER INFORMATION CONTACT:
Copies of the proposed form and
instructions are available at Part II of the
Treasury International Capital (TIC)
Forms Web page ‘‘Forms SHL/SHLA &
SHC/SHCA’’, at: https://
www.treasury.gov/resource-center/datachart-center/tic/Pages/forms-sh.aspx.
Requests for additional information
should be directed to Mr. Wolkow.
SUPPLEMENTARY INFORMATION:
Title: Treasury International Capital
(TIC) Form SHL/SHLA, ‘‘ForeignResidents’ Holdings of U.S. Securities,
including Selected Money Market
Instruments’’.
OMB Control Number: 1505–0123.
Abstract: This form collects foreignresidents’ holdings of U.S. securities.
SUMMARY:
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srobinson on DSK5SPTVN1PROD with NOTICES
Federal Register / Vol. 81, No. 251 / Friday, December 30, 2016 / Notices
These data are used by the U.S.
Government in the formulation of
international financial and monetary
policies, and for the computation of the
U.S. balance of payments accounts and
of the U.S. international investment
position. These data are also used to
provide information to the public and to
meet international reporting
commitments. The data collection
includes large benchmark surveys
conducted every five years, and smaller
annual surveys conducted in the nonbenchmark years. The data collected
under an annual survey are used in
conjunction with the results of the
preceding benchmark survey to make
economy-wide estimates for that nonbenchmark year. Currently, the
determination of who must report in the
annual surveys is based primarily on the
data submitted during the preceding
benchmark survey. The data requested
in the annual survey will generally be
the same as requested in the preceding
benchmark report. Form SHL is used for
the benchmark survey of all significant
U.S.-resident custodians and U.S.resident issuers of securities regarding
foreign-residents’ holdings of U.S.
securities. In non-benchmark years,
Form SHLA is used for the annual
surveys of primarily the largest U.S.resident custodians and issuers.
Current Actions: No changes in the
forms/schedules will be made from the
previous survey that was conducted as
of June 30, 2016. The proposed changes
in the instructions are:
(1) In ‘‘Consolidation Rules’’ (section
II.B in the instructions) the first
sentence is expanded to list out
separately ‘‘Intermediate Holding
Companies’’ (IHCs), which are defined
by Regulation YY, 12 CFR 252, to clarify
that IHCs should follow the same
consolidation rules that are applicable
to Bank Holding Companies (BHCs),
Financial Holding Companies (FHCs),
and Savings and Loan Holding
Companies.
(2) In ‘‘Funds and Related Equity
Ownership’’ (section III.E in the
instructions) the illustrative list of fund
types in the second paragraph is
expanded to list out separately ‘‘private
funds’’, where ‘‘private funds’’ refers to
the same class of financial entities that
must report to the Securities and
Exchange Commission as private funds
on Form PF.
(3) In ‘‘Funds and Related Equity
Ownership’’ (section III.E in the
instructions) the last section, ‘‘Direct
Investment exception for private funds’’,
is new, to explain that in TIC reports as
of 01 January 2017 and afterwards,
investments in private funds, or
between the entities of a private fund,
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19:18 Dec 29, 2016
Jkt 241001
are included in TIC surveys regardless
of ownership share if they meet BOTH
of the following two criteria: (i) The
private fund does not own, directly or
indirectly through another business
enterprise, an ‘‘operating company’’—
i.e., a business enterprise that is not a
private fund or a holding company—in
which the foreign parent owns at least
10 percent of the voting interest; and (ii)
If the private fund is owned indirectly
(through one or more other U.S.
business enterprises), so there are no
‘‘operating companies’’ between the
foreign parent and the indirectly owned
private fund.
(4) In ‘‘Stripped Securities’’ (section
III.G in the instructions) the next to last
sentence in the second paragraph is
revised and reads ‘‘In addition, all
‘teddy bears’ (TBRs), ‘tigers’ (TIGRs),
‘cats’ (CATS) and ‘cougars’ (COUGRs)
should also be classified as U.S.
Treasury securities.’’
(5) In ‘‘DIRECT INVESTMENT’’
(section III.I in the instructions) the next
to last sentence is new, refers to
proposed change (3) above, and reads
‘‘Also, certain cross-border investments
by or into private funds where these
investments do not involve operating
companies (companies that are not other
private funds or holding companies)
should be reported as portfolio
investment on TIC reports rather than
on BEA reports as direct Investment (see
section III.F).’’
(6) In the ‘‘Line-by-Line Instructions
for Schedule 1’’ (section IV in the
instructions), the reporter type 5 in line
8 is expanded, refers to proposed
change (1) above, and reads ‘‘5 = Other
Financial Organizations (including
BHC, FHC & IHC)’’.
(7) In the ‘‘Line-by-Line Instructions
for Schedule 1’’ (section IV in the
instructions), the phrase in parentheses
in line 20 is clarified and reads
‘‘(records with Schedule 2, Item 18 =
security types 1, 2, 3, or 4)’’.
(8) In the ‘‘Line-by-Line Instructions
for Schedule 1’’ (section IV in the
instructions), the phrase in parentheses
in line 21 is clarified and reads
‘‘(records with Schedule 2, Item 19 =
security types 5, 6, 7, 8, 9, 10, or 11)’’.
(9) In the ‘‘Line-by-Line Instructions
for Schedule 1’’ (section IV in the
instructions), the phrase in parentheses
in line 22 is clarified and reads
‘‘(records with Schedule 2, Item 19 =
security type 5, 6, 7, 8, 9, 10, or 11)’’.
(10) In the ‘‘Line-by-Line Instructions
for Schedule 1’’ (section IV in the
instructions), the phrase in parentheses
in line 23 is clarified and reads
‘‘(records with Schedule 2, Item 20 =
security type 12)’’.
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(11) In the ‘‘Line-by-Line Instructions
for Schedule 2’’ (section V in the
instructions), the fifth type of issuer in
line 11 is expanded, refers to proposed
change (1) above, and reads ‘‘Enter ‘‘5’’
if the security was issued by all other
financial organizations (including BHC,
FHC and IHC).’’.
(12) In the ‘‘Line-by-Line Instructions
for Schedule 2’’ (section V in the
instructions), the note for ‘‘Type 11’’ in
line 12 is expanded, refers to proposed
change (4) above, and reads ‘‘Type 11
should include all debt other than assetbacked securities that is not covered in
types 5–10, including U.S. Treasury
bills, TBRs, TIGRs, CATS and
COUGRs.’’
(13) In ‘‘Appendix E: List of Currency
Codes’’, some names and/or symbols
have been changed/updated, for
example Romania, Serbia, Sudan,
Turkey, Turkmenistan, Venezuela, and
Zambia.
(14) In ‘‘Funds and Related Equity
Ownership’’ (section III.E in the
instructions), under the subsection
‘‘Reporting guidelines for Hedge Funds
and other alternative investments’’, the
list of legal entities is expanded to
include fund ‘‘administrators’’.
(15) The exemption level (the
threshold for reporting) for filing
schedules 2 and 3 for a benchmark
survey is increased from $100 million to
$200 million.
(16) Some clarifications may be made
in other parts of the instructions.
The changes will improve overall
survey reporting.
Type of Review: Revision of a
currently approved data collections.
Affected Public: Business/Financial
Institutions.
Form: TIC SHL/SHLA, Schedules 1
and 2 (1505–0123).
Estimated Number of Respondents:
An annual average (over five years) of
206, but this varies widely from about
590 in benchmark years (once every five
years) to about 110 in 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, it is
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Federal Register / Vol. 81, No. 251 / Friday, December 30, 2016 / Notices
estimated that the largest custodians of
securities will require 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. The
exemption level for custodians and for
end-investors is the holding of less than
$200 million in reportable U.S.
securities owned by foreign residents.
The exemption level applies only in
benchmark years.
Estimated Total Annual Burden
Hours: An annual average (over five
years) of 33,720 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 of International Affairs within the
Department of the Treasury, including
whether the information collected 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 requested; and
(e) estimates of capital or start-up costs
of operation, maintenance and purchase
of services to provide the information
requested.
Dwight Wolkow,
Administrator, International Portfolio
Investment Data Systems.
[FR Doc. 2016–31651 Filed 12–29–16; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
srobinson on DSK5SPTVN1PROD with NOTICES
December 27, 2016.
The Department of the Treasury will
submit the following information
collection requests to the Office of
Management and Budget (OMB) for
review and clearance in accordance
with the Paperwork Reduction Act of
1995, Public Law 104–13, on or after the
date of publication of this notice.
DATES: Comments should be received on
or before January 30, 2017 to be assured
of consideration.
ADDRESSES: Send comments regarding
the burden estimates, or any other
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19:18 Dec 29, 2016
Jkt 241001
aspect of the information collections,
including suggestions for reducing the
burden, to (1) Office of Information and
Regulatory Affairs, Office of
Management and Budget, Attention:
Desk Officer for Treasury, New
Executive Office Building, Room 10235,
Washington, DC 20503, or email at
OIRA_Submission@OMB.EOP.gov and
(2) Treasury PRA Clearance Officer,
1750 Pennsylvania Ave. NW., Suite
8142, Washington, DC 20220, or email
at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained by emailing PRA@treasury.gov,
calling (202) 622–0934, or viewing the
entire information collection request at
www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Control Number: 1545–0008.
Type of Review: Revision of a
currently approved collection.
Title: Wage and Tax Statements W–2/
W–3 Series.
Abstract: Section 6051 of the Internal
Revenue Code requires employers to
furnish income and withholding
statements to employees and to the IRS.
Employers report income and
withholding information on Form W–2.
Forms W–2AS, W–2GU, and W–2VI are
variations of the W–2 for use in U.S.
possessions. The W–3 series forms
transmit W–2 series forms to SSA for
processing. The W–2C and W–3C series
are used to correct previously filed
forms.
Forms: W–2VI, W–3, W–3C, W–3CPR,
W–3PR, W–2GU, W–2, W–2C, W–2AS,
W–3SS.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 1.
OMB Control Number: 1545–0754.
Type of Review: Extension without
change of a currently approved
collection.
Title: Form Substantiation of
Charitable Contributions- TD 8002.
Abstract: Congress intended that the
IRS prescribe rules and requirements to
assure substantiation and verification of
charitable contributions. The
regulations serve these purposes.
Affected Public: Individuals or
Households.
Estimated Total Annual Burden
Hours: 2,158,000.
OMB Control Number: 1545–1212.
Type of Review: Extension without
change of a currently approved
collection.
Title: Form 706–QDT—U.S. Estate
Tax Return for Qualified Domestic
Trusts.
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Form: 706–QDT.
Abstract: Form 706–QDT is used by
the trustee or the designated filer to
compute and report the Federal estate
tax imposed on qualified domestic
trusts by C section 2056A. IRS uses the
information to enforce this tax and to
verify that the tax has been properly
computed.
Affected Public: Individuals or
Households.
Estimated Total Annual Burden
Hours: 357.
OMB Control Number: 1545–1578.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–106542–98 (TD 9032)
(Final), Election to Treat Trust as Part of
an Estate.
Abstract: REG–106542–98 (TD 9032)
and Rev. Proc. 98–13 relate to an
election to have certain revocable trusts
treated and taxed as part of an estate,
and provides the procedures and
requirements for making the section 645
election.
Affected Public: Individual or
Households.
Estimated Total Annual Burden
Hours: 5,000.
OMB Control Number: 1545–1748.
Type of Review: Extension without a
change of a currently approved
collection.
Title: Changes in Accounting
Periods—REG–106917–99 (TD 8669/
Final).
Abstract: Section 1.441–2(b)(1)
requires certain taxpayers to file
statements on their federal income tax
returns to notify the Commissioner of
the taxpayers’ election to adopt a 52–53
week taxable year. Section 1.442–1(b)(4)
provides that certain taxpayers must
establish books and records that clearly
reflect income for the short period
involved when changing their taxable
year to a fiscal taxable year. Section
1.442–1(d) requires a newly married
husband or wife to file a statement with
their short period return when changing
to the other spouse’s taxable year.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 500.
OMB Control Number: 1545–1877.
Type of Review: Extension without
change of a currently approved
collection.
Title: Average Area Purchase Price
Safe Harbors and Nationwide Purchase
Prices under section 143—Revenue
Procedure 2004–18.
Abstract: Revenue Procedure 2004–18
provides issuers of qualified mortgage
bonds, as defined in section 143(a) of
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]]>Agencies
[Federal Register Volume 81, Number 251 (Friday, December 30, 2016)]
[Notices]
[Pages 96566-96568]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-31651]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Proposed Collection; Comment Request
AGENCY: Departmental Offices, Treasury.
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 revisions for 2017 of a currently
approved information collection that is 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
the revision of the Treasury International Capital (TIC) Form SHL/SHLA.
DATES: Written comments should be received on or before February 28,
2017 to be assured of consideration.
ADDRESSES: Direct all written comments to Dwight Wolkow, International
Portfolio Investment Data Systems, Department of the Treasury, Room
5422 MT, 1500 Pennsylvania Avenue NW., Washington, DC 20220. In view of
possible delays in mail delivery, you may also wish to send a copy to
Mr. Wolkow by email (comments2TIC@do.treas.gov) or FAX (202-622-2009).
Mr. Wolkow can also be reached by telephone (202-622-1276).
FOR FURTHER INFORMATION CONTACT: Copies of the proposed form and
instructions are available at Part II of the Treasury International
Capital (TIC) Forms Web page ``Forms SHL/SHLA & SHC/SHCA'', at: https://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 International Capital (TIC) Form SHL/SHLA,
``Foreign-Residents' Holdings of U.S. Securities, including Selected
Money Market Instruments''.
OMB Control Number: 1505-0123.
Abstract: This form collects foreign-residents' holdings of U.S.
securities.
[[Page 96567]]
These data are used by the U.S. Government in the formulation of
international financial and monetary policies, and for the computation
of the U.S. balance of payments accounts and of the U.S. international
investment position. These data are also used to provide information to
the public and to meet international reporting commitments. The data
collection includes large benchmark surveys conducted every five years,
and smaller annual surveys conducted in the non-benchmark years. The
data collected under an annual survey are used in conjunction with the
results of the preceding benchmark survey to make economy-wide
estimates for that non-benchmark year. Currently, the determination of
who must report in the annual surveys is based primarily on the data
submitted during the preceding benchmark survey. The data requested in
the annual survey will generally be the same as requested in the
preceding benchmark report. Form SHL is used for the benchmark survey
of all significant U.S.-resident custodians and U.S.-resident issuers
of securities regarding foreign-residents' holdings of U.S. securities.
In non-benchmark years, Form SHLA is used for the annual surveys of
primarily the largest U.S.-resident custodians and issuers.
Current Actions: No changes in the forms/schedules will be made
from the previous survey that was conducted as of June 30, 2016. The
proposed changes in the instructions are:
(1) In ``Consolidation Rules'' (section II.B in the instructions)
the first sentence is expanded to list out separately ``Intermediate
Holding Companies'' (IHCs), which are defined by Regulation YY, 12 CFR
252, to clarify that IHCs should follow the same consolidation rules
that are applicable to Bank Holding Companies (BHCs), Financial Holding
Companies (FHCs), and Savings and Loan Holding Companies.
(2) In ``Funds and Related Equity Ownership'' (section III.E in the
instructions) the illustrative list of fund types in the second
paragraph is expanded to list out separately ``private funds'', where
``private funds'' refers to the same class of financial entities that
must report to the Securities and Exchange Commission as private funds
on Form PF.
(3) In ``Funds and Related Equity Ownership'' (section III.E in the
instructions) the last section, ``Direct Investment exception for
private funds'', is new, to explain that in TIC reports as of 01
January 2017 and afterwards, investments in private funds, or between
the entities of a private fund, are included in TIC surveys regardless
of ownership share if they meet BOTH of the following two criteria: (i)
The private fund does not own, directly or indirectly through another
business enterprise, an ``operating company''--i.e., a business
enterprise that is not a private fund or a holding company--in which
the foreign parent owns at least 10 percent of the voting interest; and
(ii) If the private fund is owned indirectly (through one or more other
U.S. business enterprises), so there are no ``operating companies''
between the foreign parent and the indirectly owned private fund.
(4) In ``Stripped Securities'' (section III.G in the instructions)
the next to last sentence in the second paragraph is revised and reads
``In addition, all `teddy bears' (TBRs), `tigers' (TIGRs), `cats'
(CATS) and `cougars' (COUGRs) should also be classified as U.S.
Treasury securities.''
(5) In ``DIRECT INVESTMENT'' (section III.I in the instructions)
the next to last sentence is new, refers to proposed change (3) above,
and reads ``Also, certain cross-border investments by or into private
funds where these investments do not involve operating companies
(companies that are not other private funds or holding companies)
should be reported as portfolio investment on TIC reports rather than
on BEA reports as direct Investment (see section III.F).''
(6) In the ``Line-by-Line Instructions for Schedule 1'' (section IV
in the instructions), the reporter type 5 in line 8 is expanded, refers
to proposed change (1) above, and reads ``5 = Other Financial
Organizations (including BHC, FHC & IHC)''.
(7) In the ``Line-by-Line Instructions for Schedule 1'' (section IV
in the instructions), the phrase in parentheses in line 20 is clarified
and reads ``(records with Schedule 2, Item 18 = security types 1, 2, 3,
or 4)''.
(8) In the ``Line-by-Line Instructions for Schedule 1'' (section IV
in the instructions), the phrase in parentheses in line 21 is clarified
and reads ``(records with Schedule 2, Item 19 = security types 5, 6, 7,
8, 9, 10, or 11)''.
(9) In the ``Line-by-Line Instructions for Schedule 1'' (section IV
in the instructions), the phrase in parentheses in line 22 is clarified
and reads ``(records with Schedule 2, Item 19 = security type 5, 6, 7,
8, 9, 10, or 11)''.
(10) In the ``Line-by-Line Instructions for Schedule 1'' (section
IV in the instructions), the phrase in parentheses in line 23 is
clarified and reads ``(records with Schedule 2, Item 20 = security type
12)''.
(11) In the ``Line-by-Line Instructions for Schedule 2'' (section V
in the instructions), the fifth type of issuer in line 11 is expanded,
refers to proposed change (1) above, and reads ``Enter ``5'' if the
security was issued by all other financial organizations (including
BHC, FHC and IHC).''.
(12) In the ``Line-by-Line Instructions for Schedule 2'' (section V
in the instructions), the note for ``Type 11'' in line 12 is expanded,
refers to proposed change (4) above, and reads ``Type 11 should include
all debt other than asset-backed securities that is not covered in
types 5-10, including U.S. Treasury bills, TBRs, TIGRs, CATS and
COUGRs.''
(13) In ``Appendix E: List of Currency Codes'', some names and/or
symbols have been changed/updated, for example Romania, Serbia, Sudan,
Turkey, Turkmenistan, Venezuela, and Zambia.
(14) In ``Funds and Related Equity Ownership'' (section III.E in
the instructions), under the subsection ``Reporting guidelines for
Hedge Funds and other alternative investments'', the list of legal
entities is expanded to include fund ``administrators''.
(15) The exemption level (the threshold for reporting) for filing
schedules 2 and 3 for a benchmark survey is increased from $100 million
to $200 million.
(16) Some clarifications may be made in other parts of the
instructions.
The changes will improve overall survey reporting.
Type of Review: Revision of a currently approved data collections.
Affected Public: Business/Financial Institutions.
Form: TIC SHL/SHLA, Schedules 1 and 2 (1505-0123).
Estimated Number of Respondents: An annual average (over five
years) of 206, but this varies widely from about 590 in benchmark years
(once every five years) to about 110 in 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, it is
[[Page 96568]]
estimated that the largest custodians of securities will require 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. The exemption level for custodians
and for end-investors is the holding of less than $200 million in
reportable U.S. securities owned by foreign residents. The exemption
level applies only in benchmark years.
Estimated Total Annual Burden Hours: An annual average (over five
years) of 33,720 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 of International Affairs
within the Department of the Treasury, including whether the
information collected 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 requested; and (e) estimates of capital or
start-up costs of operation, maintenance and purchase of services to
provide the information requested.
Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. 2016-31651 Filed 12-29-16; 8:45 am]
BILLING CODE 4810-25-P
