Proposed Collections; Comment Requests, 56875 [2011-23586]

Download as PDF Federal Register / Vol. 76, No. 178 / Wednesday, September 14, 2011 / Notices Board decisions and notices are available on our Web site at https:// www.stb.dot.gov. Decided: September 9, 2011. By the Board, Joseph H. Dettmar, Acting Director, Office of Proceedings. Andrea Pope-Matheson, Clearance Clerk. [FR Doc. 2011–23526 Filed 9–13–11; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF THE TREASURY Proposed Collections; Comment Requests Departmental Offices; U.S. Department of the Treasury. ACTION: Notice and request for comments. AGENCY: 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 the revision of an 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 Treasury International Capital Form D, Report of Holdings of, and Transactions in, Financial Derivatives Contracts with Foreign Residents. DATES: Written comments should be received on or before November 14, 2011 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 e-mail (comments2TIC@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 Treasury’s TIC Forms webpage, https:// www.treasury.gov/resource-center/datachart-center/tic/Pages/forms.aspx. Requests for additional information should be directed to Mr. Wolkow. SUPPLEMENTARY INFORMATION: Title: Treasury International Capital Form D, Report of Holdings of, and Transactions in, Financial Derivatives Contracts with Foreign Residents. OMB Control Number: 1505–0199. Abstract: Form D is part of the Treasury International Capital (TIC) reporting system, which is required by mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 19:00 Sep 13, 2011 Jkt 223001 law (22 U.S.C. 286f; 22 U.S.C. 3103; E.O. 10033; 31 CFR 128) for the purpose of providing timely information on international capital movements other than direct investment by U.S. persons. Form D is a quarterly report used to cover holdings and transactions in derivatives contracts undertaken between foreign resident counterparties and major U.S.-resident participants in derivatives markets. This information is necessary for compiling the U.S. balance of payments accounts and international investment position, and for formulating U.S. international financial and monetary policies. Current Actions: (a) The deadline for submitting the Form D report is shortened from 60 days to 50 days. The instructions, in section I.F, will read: ‘‘Form D reports should be submitted not later than 50 calendar days following the report’s as-of date, which is the last day of the calendar quarter being reported.’’ The change in the reporting deadline will allow the U.S. to meet international data reporting standards. That is, at present, the U.S. is able to report on time all elements of its balance of payments accounts and its international investment position collected by the TIC reporting system except for its data on derivatives. This shortening of the reporting deadline should be feasible given data reporters’ experience in completing the report since it was introduced in March 2005. (b) In part 1 of Form D, the title of row 2.a is changed to Forwards and Foreign Exchange Swaps from Forwards and row 2.b will be entitled Currency Swaps in place of Swaps. The purpose of this change is to clarify where Foreign Exchange Swaps should be reported. There is no change in reporting requirements. For example, the current instructions for row 2.b describe currency swaps, not foreign exchange swaps. (c) These changes are effective beginning with the reports as of March 31, 2012. Type of Review: Revision of a currently approved collection. Affected Public: Business or other for profit organizations. Form D (1505– 0199). Estimated Number of Respondents: 35. Estimated Average Time per Respondent: Thirty (30) hours per respondent per filing. Estimated Total Annual Burden Hours: 4,200 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 PO 00000 Frm 00146 Fmt 4703 Sfmt 4703 56875 public is invited to submit written comments concerning: (a) Whether Form D 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. 2011–23586 Filed 9–13–11; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Additional Designations, Foreign Narcotics Kingpin Designation Act Office of Foreign Assets Control, Treasury. AGENCY: ACTION: Notice. The Treasury Department’s Office of Foreign Assets Control (‘‘OFAC’’) is publishing the name of four individuals whose property and interests in property have been blocked pursuant to the Foreign Narcotics Kingpin Designation Act (‘‘Kingpin Act’’) (21 U.S.C. 1901–1908, 8 U.S.C. 1182). SUMMARY: The designation by the Director of OFAC of the identified four of individuals identified in this notice pursuant to section 805(b) of the Kingpin Act is effective on September 8, 2011. DATES: FOR FURTHER INFORMATION CONTACT: Assistant Director, Sanctions Compliance & Evaluation, Office of Foreign Assets Control, Department of the Treasury, Washington, DC 20220, tel.: (202) 622–2490. SUPPLEMENTARY INFORMATION: Electronic and Facsimile Availability This document and additional information concerning OFAC are available on OFAC’s Web site (https:// www.treasury.gov/ofac) or via facsimile through a 24-hour fax-on-demand service, tel.: (202) 622–0077. E:\FR\FM\14SEN1.SGM 14SEN1

Agencies

[Federal Register Volume 76, Number 178 (Wednesday, September 14, 2011)]
[Notices]
[Page 56875]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-23586]


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DEPARTMENT OF THE TREASURY


Proposed Collections; Comment Requests

AGENCY: Departmental Offices; U.S. Department of the Treasury.

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 the revision of an 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 Treasury 
International Capital Form D, Report of Holdings of, and Transactions 
in, Financial Derivatives Contracts with Foreign Residents.

DATES: Written comments should be received on or before November 14, 
2011 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 e-
mail (comments2TIC@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 Treasury's TIC Forms webpage, https://www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms.aspx. Requests for additional information should be directed to 
Mr. Wolkow.

SUPPLEMENTARY INFORMATION: 
    Title: Treasury International Capital Form D, Report of Holdings 
of, and Transactions in, Financial Derivatives Contracts with Foreign 
Residents.
    OMB Control Number: 1505-0199.
    Abstract: Form D 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) for the purpose of providing 
timely information on international capital movements other than direct 
investment by U.S. persons. Form D is a quarterly report used to cover 
holdings and transactions in derivatives contracts undertaken between 
foreign resident counterparties and major U.S.-resident participants in 
derivatives markets. This information is necessary for compiling the 
U.S. balance of payments accounts and international investment 
position, and for formulating U.S. international financial and monetary 
policies.
    Current Actions: (a) The deadline for submitting the Form D report 
is shortened from 60 days to 50 days. The instructions, in section I.F, 
will read: ``Form D reports should be submitted not later than 50 
calendar days following the report's as-of date, which is the last day 
of the calendar quarter being reported.'' The change in the reporting 
deadline will allow the U.S. to meet international data reporting 
standards. That is, at present, the U.S. is able to report on time all 
elements of its balance of payments accounts and its international 
investment position collected by the TIC reporting system except for 
its data on derivatives. This shortening of the reporting deadline 
should be feasible given data reporters' experience in completing the 
report since it was introduced in March 2005. (b) In part 1 of Form D, 
the title of row 2.a is changed to Forwards and Foreign Exchange Swaps 
from Forwards and row 2.b will be entitled Currency Swaps in place of 
Swaps. The purpose of this change is to clarify where Foreign Exchange 
Swaps should be reported. There is no change in reporting requirements. 
For example, the current instructions for row 2.b describe currency 
swaps, not foreign exchange swaps. (c) These changes are effective 
beginning with the reports as of March 31, 2012.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for profit organizations. Form D 
(1505-0199).
    Estimated Number of Respondents: 35.
    Estimated Average Time per Respondent: Thirty (30) hours per 
respondent per filing. Estimated Total Annual Burden Hours: 4,200 
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 D 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. 2011-23586 Filed 9-13-11; 8:45 am]
BILLING CODE 4810-25-P