Departmental Offices; Proposed Collections; Comment Requests, 42409-42410 [05-14463]

Download as PDF Federal Register / Vol. 70, No. 140 / Friday, July 22, 2005 / Notices (202–622–1207) or telephone (202–622– 1276). FOR FURTHER INFORMATION CONTACT: Copies of the proposed forms and instructions are available on the Treasury’s TIC Web page for forms, https://www.treas.gov/tic/forms.html. Requests for additional information should be directed to Mr. Wolkow. SUPPLEMENTARY INFORMATION: Title: Treasury International Capital Form CQ–1, Financial Liabilities to, and Claims on, Foreigners; and Treasury International Capital Form CQ–2, Commercial Liabilities to, and Claims on, Unaffiliated Foreigners. OMB Number: 1505–0024. Abstract: Forms CQ–1 and CQ–2 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. Forms CQ–1 and CQ–2 are quarterly reports filed by nonbanking and non-securities broker and dealer enterprises in the U.S. to report their international portfolio transactions with unaffiliated foreigners. This information is necessary for compiling the U.S. balance of payments accounts and the U.S. international investment position, and for use in formulating U.S. international financial and monetary policies. Current Actions: (a) In Form CQ–1, eliminate section B, which captures foreign affiliate positions of insurance underwriting subsidiaries and financial intermediaries; (b) For Form CQ–2, shorten the submission date for filing from 45 days to no later than 30 calendar days following the report as-of date. This action is necessary to make that information timely enough for use with all other quarterly TIC data; (c) The list for reporting the location of foreign counterparties on all TIC reporting forms will be increased to a total of roughly 245 countries and other areas. This longer list is essentially the same as the lists used for years in the TIC benchmark and annual reports, and thus will establish a uniform list of countries/areas consistent across all TIC reporting forms. Comments from TIC respondents indicate that their modern computerized database systems can easily produce all TIC reports for this longer list of countries/areas. This change will apply to the monthly and quarterly B-forms, C-forms, Form D and Form S and will allow the semiannual B-forms to be eliminated (see action b below). This action is expected to result in an overall reduction in burden for TIC respondents as a whole, as well as VerDate jul<14>2003 19:28 Jul 21, 2005 Jkt 205001 satisfying Treasury’s need for more timely information on a larger number of countries. Comments from TIC respondents indicate that the combination of the longer uniform country list and the virtual elimination of rows for ‘‘other countries’’ will reduce significantly the total burden from all TIC reports, including the burdens of cross-checking information, responding to inquiries from data compilers, and making revisions to data reports; and (d) these changes will be effective beginning with the reports as of June 30, 2006. Type of Review: Revision of a currently approved collection. Affected Public: Business or other forprofit organizations. Forms CQ–1 and CQ–2 (1505–0024). Estimated Number of Respondents: 400. Estimated Average Time per Respondent: Four and one/quarter (4.25) hours per respondent per filing. This average time varies from 4.5 hours for the approximately 190 CQ–1 respondents to 4.0 hours for the approximately 210 CQ–2 respondents. Estimated Total Annual Burden Hours: 6,800 hours, based on 4 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 Forms CQ–1 and CQ–2 are 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. 05–14462 Filed 7–21–05; 8:45 am] BILLING CODE 4810–25–P PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 42409 DEPARTMENT OF THE TREASURY Departmental Offices; Proposed Collections; Comment Requests Notice and request for comments. ACTION: 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 (TIC) Form BQ–3, Report of Maturities of Selected Liabilities of Depository Institutions, Brokers and Dealers to Foreigners. DATES: Written comments should be received on or before September 20, 2005 to be assured of consideration. ADDRESSES: Direct all written comments to Dwight Wolkow, International Portfolio Investment Data Systems, Department of the Treasury, Room 4410–1440NYA, 1500 Pennsylvania Avenue NW., Washington DC 20220. In view of possible delays in mail delivery, please also notify Mr. Wolkow by e-mail (dwight.wolkow@do.treas.gov), FAX (202–622–1207) 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, https://www.treas.gov/tic/forms.html. Requests for additional information should be directed to Mr. Wolkow. SUPPLEMENTARY INFORMATION: Titles: Treasury International Capital Form BQ–3, Report of Maturities of Selected Liabilities of Depository Institutions, Brokers and Dealers to Foreigners. OMB Control Number: 1505–0189. Abstract: Form BQ–3 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. Form BQ–3 is a quarterly report designed to capture, by instrument and on an aggregate basis, remaining maturities of all U.S. dollar and foreign currency liabilities (excluding securities) of U.S. resident banks, other depository institutions, brokers and dealers vis-a-vis foreign residents. This information is necessary for meeting international data reporting E:\FR\FM\22JYN1.SGM 22JYN1 42410 Federal Register / Vol. 70, No. 140 / Friday, July 22, 2005 / Notices standards and for formulating U.S. international financial and monetary policies. Current Actions: (a) The list for reporting the location of foreign counterparties on all TIC reporting forms will be increased to a total of roughly 245 countries and other areas. This longer list is essentially the same as the lists used for years in the TIC benchmark and annual reports, and thus will establish a uniform list of countries/areas consistent across all TIC reporting forms. Comments from TIC respondents indicate that their modern computerized database systems can easily produce all TIC reports for this longer list of countries/areas. This change will apply to the monthly and quarterly B-forms, C-forms, Form D and Form S and will allow the semiannual B-forms to be eliminated (see action b below). This action is expected to result in an overall reduction in burden for TIC respondents as a whole, as well as satisfying Treasury’s need for more timely information on a larger number of countries. Comments from TIC respondents indicate that the combination of the longer uniform country list and the virtual elimination of rows for ‘‘other countries’’ will reduce significantly the total burden from all TIC reports, including the burdens of cross-checking information, responding to inquiries from data compilers, and making revisions to data reports; (b) the semiannual reports BC(SA), BL–1(SA) and BL–2(SA) will be eliminated. These reports for about 130 countries/areas will be made unnecessary by action (a) above; and (c) these changes will be effective beginning with the reports as of June 30, 2006. Type of Review: Revision of a currently approved collection. Affected Public: Business or other forprofit organizations. Form BQ–3 (1505–0189) Estimated Number of Respondents: 55. Estimated Average Time per Respondent: Four (4) hours per respondent per filing. Estimated Total Annual Burden Hours: 880 hours, based on 4 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–3 is necessary for the proper performance of the functions of the Office, including whether the VerDate jul<14>2003 19:28 Jul 21, 2005 Jkt 205001 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. 05–14463 Filed 7–21–05; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Departmental Offices; Proposed Collections; Comment Requests Notice and request for comments. ACTION: 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, Dealers, and Their Domestic Customers; Part 2: Report of Customers’ Foreign Currency Liabilities to Foreigners. DATES: Written comments should be received on or before September 20, 2005 to be assured of consideration. ADDRESSES: Direct all written comments to Dwight Wolkow, International Portfolio Investment Data Systems, Department of the Treasury, Room 4410–1440NYA, 1500 Pennsylvania Avenue NW., Washington DC 20220. In view of possible delays in mail delivery, please also notify Mr. Wolkow by e-mail (dwight.wolkow@do.treas.gov), FAX (202–622–1207) 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, https://www.treas.gov/tic/forms.html. Requests for additional information should be directed to Mr. Wolkow. SUPPLEMENTARY INFORMATION: PO 00000 Frm 00112 Fmt 4703 Sfmt 4703 Titles: Treasury International Capital Form BQ–2, Part 1: Report of Foreign Currency Liabilities to, and Claims on, Foreigners of Depository Institutions, Brokers, Dealers, and Their Domestic Customers; Part 2: Report of 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 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 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: (a) The list for reporting the location of foreign counterparties on all TIC reporting forms will be increased to a total of roughly 245 countries and other areas. This longer list is essentially the same as the lists used for years in the TIC benchmark and annual reports, and thus will establish a uniform list of countries/areas consistent across all TIC reporting forms. Comments from TIC respondents indicate that their modern computerized database systems can easily produce all TIC reports for this longer list of countries/areas. This change will apply to the monthly and quarterly B-forms, C-forms, Form D and Form S and will allow the semiannual B-forms to be eliminated (see action b below). This action is expected to result in an overall reduction in burden for TIC respondents as a whole, as well as satisfying Treasury’s need for more timely information on a larger number of countries. Comments from TIC respondents indicate that the combination of the longer uniform country list and the virtual elimination of rows for ‘‘other countries’’ will reduce significantly the total burden from all TIC reports, including the burdens of cross-checking information, responding to inquiries from data compilers, and making revisions to data reports; (b) The semiannual reports BC(SA), BL–1(SA) and BL–2(SA) will be eliminated. These reports for about 130 countries/areas will be made unnecessary by action (a) above; and (c) these changes will be effective E:\FR\FM\22JYN1.SGM 22JYN1

Agencies

[Federal Register Volume 70, Number 140 (Friday, July 22, 2005)]
[Notices]
[Pages 42409-42410]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-14463]


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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 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 (TIC) Form BQ-3, Report of Maturities of Selected 
Liabilities of Depository Institutions, Brokers and Dealers to 
Foreigners.

DATES: Written comments should be received on or before September 20, 
2005 to be assured of consideration.

ADDRESSES: Direct all written comments to Dwight Wolkow, International 
Portfolio Investment Data Systems, Department of the Treasury, Room 
4410-1440NYA, 1500 Pennsylvania Avenue NW., Washington DC 20220. In 
view of possible delays in mail delivery, please also notify Mr. Wolkow 
by e-mail (dwight.wolkow@do.treas.gov), FAX (202-622-1207) 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.treas.gov/tic/forms.html. Requests for additional information 
should be directed to Mr. Wolkow.

SUPPLEMENTARY INFORMATION:
    Titles: Treasury International Capital Form BQ-3, Report of 
Maturities of Selected Liabilities of Depository Institutions, Brokers 
and Dealers to Foreigners.
    OMB Control Number: 1505-0189.
    Abstract: Form BQ-3 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. Form BQ-3 is 
a quarterly report designed to capture, by instrument and on an 
aggregate basis, remaining maturities of all U.S. dollar and foreign 
currency liabilities (excluding securities) of U.S. resident banks, 
other depository institutions, brokers and dealers vis-a-vis foreign 
residents. This information is necessary for meeting international data 
reporting

[[Page 42410]]

standards and for formulating U.S. international financial and monetary 
policies.
    Current Actions: (a) The list for reporting the location of foreign 
counterparties on all TIC reporting forms will be increased to a total 
of roughly 245 countries and other areas. This longer list is 
essentially the same as the lists used for years in the TIC benchmark 
and annual reports, and thus will establish a uniform list of 
countries/areas consistent across all TIC reporting forms. Comments 
from TIC respondents indicate that their modern computerized database 
systems can easily produce all TIC reports for this longer list of 
countries/areas. This change will apply to the monthly and quarterly B-
forms, C-forms, Form D and Form S and will allow the semiannual B-forms 
to be eliminated (see action b below). This action is expected to 
result in an overall reduction in burden for TIC respondents as a 
whole, as well as satisfying Treasury's need for more timely 
information on a larger number of countries. Comments from TIC 
respondents indicate that the combination of the longer uniform country 
list and the virtual elimination of rows for ``other countries'' will 
reduce significantly the total burden from all TIC reports, including 
the burdens of cross-checking information, responding to inquiries from 
data compilers, and making revisions to data reports; (b) the 
semiannual reports BC(SA), BL-1(SA) and BL-2(SA) will be eliminated. 
These reports for about 130 countries/areas will be made unnecessary by 
action (a) above; and (c) these changes will be effective beginning 
with the reports as of June 30, 2006.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Form BQ-3 (1505-0189)
    Estimated Number of Respondents: 55.
    Estimated Average Time per Respondent: Four (4) hours per 
respondent per filing.
    Estimated Total Annual Burden Hours: 880 hours, based on 4 
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-3 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. 05-14463 Filed 7-21-05; 8:45 am]
BILLING CODE 4810-25-P
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