Departmental Offices; Proposed Collection; Comment Request, 5250 [2011-1952]

Download as PDF 5250 Federal Register / Vol. 76, No. 19 / Friday, January 28, 2011 / Notices 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, maintenance and purchases of services to provide information. Dwight Wolkow, Administrator, International Portfolio Investment Data Systems. [FR Doc. 2011–1944 Filed 1–27–11; 8:45 am] BILLING CODE 4811–42–P DEPARTMENT OF THE TREASURY Departmental Offices; Proposed Collection; Comment Request Notice and request for comments. 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 an information collection that is due for extension approval by the Office of Management and Budget. The Office of International Monetary and Financial Policy within the Department of the Treasury is soliciting comments concerning Extension of Foreign Currency Form FC–1 (OMB No. 1505–0012) Weekly Consolidated Foreign Currency Report of Major Market Participants, Extension of Form FC–2 (OMB No. 1505–0010) Monthly Consolidated Foreign Currency Report of Major Market Participants, and Extension without change of Form FC–3 (OMB No. 1505–0014) Quarterly Consolidated Foreign Currency Report. The reports are mandatory. DATES: Written comments should be received on or before March 29, 2011 to be assured of consideration. ADDRESSES: Direct all written comments to Dwight Wolkow, Office of International Monetary and Financial Policy, 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 (dwight.wolkow@treasury.gov), FAX (202–622–2009) or telephone (202–622– 1276). FOR FURTHER INFORMATION CONTACT: Copies of the proposed forms and instructions are available on the Federal Reserve Bank of New York’s Web site, WReier-Aviles on DSKGBLS3C1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 18:16 Jan 27, 2011 Jkt 223001 in the section for Banking Reporting Forms and Instructions, on the webpages for the TFC–1 and TFC–2 forms, for example at: https:// www.ny.frb.org/banking/reportingforms/ TFC_1.html. Requests for additional information should be directed to Mr. Wolkow. SUPPLEMENTARY INFORMATION: Title: Weekly Consolidated Foreign Currency Report of Major Market Participants, Foreign Currency Form FC–1. OMB Control Number: 1505–0012. Title: Monthly Consolidated Foreign Currency Report of Major Market Participants, Foreign Currency Form FC–2. OMB Control Number: 1505–0010. Title: Quarterly Consolidated Foreign Currency Report, Foreign Currency Form FC–3. OMB Control Number: 1505–0014. Abstract: The filing of Foreign Currency Forms FC–1, FC–2, and FC–3 is required by law (31 U.S.C. 5315, 31 CFR Part 128, Subpart C), which directs the Secretary of the Treasury to prescribe regulations requiring reports on foreign currency transactions conducted by a United States person or a foreign person controlled by a United States person. The forms collect data on the foreign exchange spot, forward, futures, and options markets from all significant market participants. Current Actions: None. No changes in the forms or instructions will be made. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: Foreign Currency Form FC–1: 22 respondents. Foreign Currency Form FC–2: 22 respondents. Foreign Currency Form FC–3: 38 respondents. Estimated Average Time Per Response: Foreign Currency Form FC–1: 48 minutes (0.8 hours) per response. Foreign Currency Form FC–2: 3 hours 36 minutes (3.6 hours) per response. Foreign Currency Form FC–3: Eight (8) hours per response. Estimated Total Annual Burden Hours: Foreign Currency Form FC–1: 915 hours, based on 52 reporting periods per years. Foreign Currency Form FC–2: 950 hours, based on 12 reporting period per year. Foreign Currency Form FC–3: 1,216 hours, based on 4 reporting periods per year. Request for Comments: Comments submitted in response to this notice will PO 00000 Frm 00121 Fmt 4703 Sfmt 4703 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 Foreign Currency Forms FC–1, FC–2, and FC–3 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 estimates 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, Office of International Monetary and Financial Policy. [FR Doc. 2011–1952 Filed 1–27–11; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Office of the Secretary List of Countries Requiring Cooperation With an International Boycott In accordance with section 999(a)(3) of the Internal Revenue Code of 1986, the Department of the Treasury is publishing a current list of countries which require or may require participation in, or cooperation with, an international boycott (within the meaning of section 999(b)(3) of the Internal Revenue Code of 1986). On the basis of the best information currently available to the Department of the Treasury, the following countries require or may require participation in, or cooperation with, an international boycott (within the meaning of section 999(b)(3) of the Internal Revenue Code of 1986). Kuwait Lebanon Libya Qatar Saudi Arabia Syria United Arab Emirates Yemen, Republic of Iraq is not included in this list, but its status with respect to future lists remains under review by the Department of the Treasury. E:\FR\FM\28JAN1.SGM 28JAN1

Agencies

[Federal Register Volume 76, Number 19 (Friday, January 28, 2011)]
[Notices]
[Page 5250]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-1952]


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DEPARTMENT OF THE TREASURY


Departmental Offices; Proposed Collection; Comment Request

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 extension approval by the Office of Management and Budget. The 
Office of International Monetary and Financial Policy within the 
Department of the Treasury is soliciting comments concerning Extension 
of Foreign Currency Form FC-1 (OMB No. 1505-0012) Weekly Consolidated 
Foreign Currency Report of Major Market Participants, Extension of Form 
FC-2 (OMB No. 1505-0010) Monthly Consolidated Foreign Currency Report 
of Major Market Participants, and Extension without change of Form FC-3 
(OMB No. 1505-0014) Quarterly Consolidated Foreign Currency Report. The 
reports are mandatory.

DATES: Written comments should be received on or before March 29, 2011 
to be assured of consideration.

ADDRESSES: Direct all written comments to Dwight Wolkow, Office of 
International Monetary and Financial Policy, 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 (dwight.wolkow@treasury.gov), FAX (202-622-2009) or 
telephone (202-622-1276).

FOR FURTHER INFORMATION CONTACT: Copies of the proposed forms and 
instructions are available on the Federal Reserve Bank of New York's 
Web site, in the section for Banking Reporting Forms and Instructions, 
on the webpages for the TFC-1 and TFC-2 forms, for example at: https://www.ny.frb.org/banking/reportingforms/TFC_1.html. Requests for 
additional information should be directed to Mr. Wolkow.

SUPPLEMENTARY INFORMATION:
    Title: Weekly Consolidated Foreign Currency Report of Major Market 
Participants, Foreign Currency Form FC-1.
    OMB Control Number: 1505-0012.
    Title: Monthly Consolidated Foreign Currency Report of Major Market 
Participants, Foreign Currency Form FC-2.
    OMB Control Number: 1505-0010.
    Title: Quarterly Consolidated Foreign Currency Report, Foreign 
Currency Form FC-3.
    OMB Control Number: 1505-0014.
    Abstract: The filing of Foreign Currency Forms FC-1, FC-2, and FC-3 
is required by law (31 U.S.C. 5315, 31 CFR Part 128, Subpart C), which 
directs the Secretary of the Treasury to prescribe regulations 
requiring reports on foreign currency transactions conducted by a 
United States person or a foreign person controlled by a United States 
person. The forms collect data on the foreign exchange spot, forward, 
futures, and options markets from all significant market participants. 
Current Actions: None. No changes in the forms or instructions will be 
made.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents:

Foreign Currency Form FC-1: 22 respondents.
Foreign Currency Form FC-2: 22 respondents.
Foreign Currency Form FC-3: 38 respondents.

    Estimated Average Time Per Response:

Foreign Currency Form FC-1: 48 minutes (0.8 hours) per response.
Foreign Currency Form FC-2: 3 hours 36 minutes (3.6 hours) per 
response.
Foreign Currency Form FC-3: Eight (8) hours per response.

Estimated Total Annual Burden Hours:

Foreign Currency Form FC-1: 915 hours, based on 52 reporting periods 
per years.
Foreign Currency Form FC-2: 950 hours, based on 12 reporting period per 
year.
Foreign Currency Form FC-3: 1,216 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 Foreign Currency Forms FC-1, FC-2, and FC-3 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 estimates 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,
Office of International Monetary and Financial Policy.
[FR Doc. 2011-1952 Filed 1-27-11; 8:45 am]
BILLING CODE 4810-25-P
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