Proposed Collections; Comment Requests, 8538-8539 [2014-03026]

Download as PDF 8538 Federal Register / Vol. 79, No. 29 / Wednesday, February 12, 2014 / Notices Dated: February 6, 2014. Charles E. Betts, Director, Standards and Rulemaking Division. [FR Doc. 2014–03047 Filed 2–11–14; 8:45 am] BILLING CODE 4910–60–P DEPARTMENT OF THE TREASURY Proposed Collection; Comment Request Departmental Offices; Department of the Treasury. 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 to be proposed for approval by the Office of Management and Budget. The Office of International Affairs of the Department of the Treasury is soliciting comments concerning Treasury International Capital Form SLT, Aggregate Holdings of Long-Term Securities by U.S. and Foreign Residents. The Current Actions below make electronic filing mandatory. DATES: Written comments should be received on or before April 14, 2014 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 email (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 Web page, https://www.treasury.gov/resourcecenter/data-chart-center/tic/Pages/ forms.aspx. Requests for additional information should be directed to Mr. Wolkow. SUPPLEMENTARY INFORMATION: Title: Treasury International Capital Form SLT, Aggregate Holdings of LongTerm Securities by U.S. and Foreign Residents. OMB Control Number: 1505–0235. Abstract: Form SLT 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 part 128), and is designed to collect timely information on international portfolio capital movements. Form SLT is a monthly report on cross-border portfolio investment in long-term marketable mstockstill on DSK4VPTVN1PROD with NOTICES AGENCY: VerDate Mar<15>2010 17:11 Feb 11, 2014 Jkt 232001 securities by U.S. and foreign residents. This information is used by the U.S. Government in the formulation of international financial and monetary policies and for the preparation of the U.S. balance of payments accounts and the U.S. international investment position. Current Actions: (a) Electronic filing of the TIC Form SLT report will be mandatory. More specifically, the last part of Section II.H, Submission of Reports, in the instructions will say, in effect, that the TIC Form SLT report must be submitted electronically by using the Federal Reserve System’s ‘‘Reporting Central’’ electronic submission system. It is easy to use, secure, provides confirmation of the receipt of the data, and performs a number of validity checks of your file format. The SLT report can no longer be filed by mail or Fax and can no longer be reported on computer or other paper. Because it usually takes at least a month to set up a ‘‘Reporting Central’’ account, respondents may wish to obtain more information soon on ‘‘Reporting Central’’ by contacting the Federal Reserve Bank of New York at 212–720– 6300. (b) The glossaries for all Treasury International Capital (‘‘TIC’’) reports will be consolidated into a single document which will provide more consistency across the TIC system. As a result, the TIC SLT reporting instructions will not include a glossary but will point to the separate consolidated Glossary document on the Treasury Web site. [Note: some other clarifications may be made in the instructions and glossary.] (c) These changes will be effective beginning with the reports as of June 30, 2014. Type of Review: Revision of a currently approved collection. Affected Public: Business or other forprofit organizations. Form SLT (1505– 0235). Estimated Number of Respondents: 150. Estimated Average Time per Respondent: Average 11.4 hours per respondent per filing. The estimated average burden per respondent varies widely, from about 17 hours per filing for a U.S.-resident custodian filing Part A and Part B to about 6.5 hours for a U.S.-resident issuer or U.S.-resident end-investor filing Part B. Estimated Total Annual Burden Hours: 20,520 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 request for Office of Management and Budget approval. All comments will become a matter of public record. The PO 00000 Frm 00110 Fmt 4703 Sfmt 4703 public is invited to submit written comments concerning: (a) Whether Form SLT 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 Reporting Systems. [FR Doc. 2014–03028 Filed 2–11–14; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Proposed Collections; Comment Requests Departmental Offices; Department of the Treasury. 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 Affairs of the Department of the Treasury is soliciting comments concerning extension without change of the following forms: Foreign Currency Form FC–1 (OMB No. 1505–0012), Weekly Consolidated Foreign Currency Report of Major Market Participants; Form FC–2 (OMB No. 1505–0010); Monthly Consolidated Foreign Currency Report of Major Market Participants; Form FC–3 (OMB No. 1505–0014), Quarterly Consolidated Foreign Currency Report. The reports are mandatory. AGENCY: Written comments should be received on or before April 14, 2014 to be assured of consideration. DATES: Direct all written comments to Gregory B. Seel, Markets Room, Department of the Treasury, Room 1328, 1500 Pennsylvania Avenue NW., Washington, DC 20220. In view of possible delays in mail delivery, please also notify Mr. Seel by email (gregory.seel@treasury.gov), FAX (202– 622–2021) or telephone (202–622– 5078). ADDRESSES: E:\FR\FM\12FEN1.SGM 12FEN1 Federal Register / Vol. 79, No. 29 / Wednesday, February 12, 2014 / Notices mstockstill on DSK4VPTVN1PROD with NOTICES 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 Web pages for the TFC–1, TFC–2 and TFC– 3 forms, for example at: https://www.ny. frb.org/banking/reportingforms/TFC_ 1.html. Requests for additional information should be directed to Mr. Seel. 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 pursuant to (31 U.S.C. 5315, which directs the Secretary of the Treasury to prescribe regulations (31 CFR part 128, Subpart C), 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. VerDate Mar<15>2010 17:11 Feb 11, 2014 Jkt 232001 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. Gregory B. Seel, Financial Analyst, Markets Room, U.S. Department of the Treasury. [FR Doc. 2014–03026 Filed 2–11–14; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Proposed Collections; Comment Requests Departmental Offices; Department of the Treasury. 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 to be proposed for approval by the Office of Management and Budget. The Office of International Affairs of the Department of the Treasury is soliciting comments concerning Treasury International Capital Form S, Purchases and Sales of Long-Term Securities by Foreign Residents. The Current Actions below raise the exemption level for reporting. DATES: Written comments should be received on or before April 14, 2014 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 email AGENCY: PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 8539 (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 Web page, https://www.treasury.gov/resourcecenter/data-chart-center/tic/Pages/ forms.aspx. Requests for additional information should be directed to Mr. Wolkow. SUPPLEMENTARY INFORMATION: Title: Treasury International Capital Form S, Purchases and Sales of Longterm Securities by Foreign-Residents. OMB Control Number: 1505–0001 Abstract: Form S 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 part 128), and is designed to collect timely information on international portfolio capital movements. Form S is a monthly report used to cover transactions in long-term marketable securities undertaken directly with foreigners by banks, other depository institutions, brokers, dealers, underwriting groups, funds and other individuals and institutions. This information is used by the U.S. Government in the formulation of international financial and monetary policies and for the preparation of the U.S. balance of payments accounts and the U.S. international investment position. Current Actions: (a) The exemption level for total reportable transactions will be raised from $50 million to $350 million. More specifically, an institution must file the TIC Form S monthly if the consolidated total of all reportable transactions in purchases or sales of long-term securities amounts to or exceeds the exemption level during the reporting month. (b) The Column-ByColumn instructions for Columns 3 and 4 of Form S will be changed to be consistent with the language found in the glossary for ‘‘United States Government Agency securities’’, ‘‘Columns 3 and 4—Report purchases (column 3) and sales (column 4) by foreign residents of long-term debt securities (bonds, notes, debentures and asset-backed securities (mortgagebacked securities and all other assetbacked securities)) guaranteed by or are the obligations of United States Government corporations or FederallySponsored Agencies. (See glossary entry for United States Government Agency securities).’’ (c) The glossaries for all Treasury International Capital (‘‘TIC’’) reports will be consolidated into a single document which will provide E:\FR\FM\12FEN1.SGM 12FEN1

Agencies

[Federal Register Volume 79, Number 29 (Wednesday, February 12, 2014)]
[Notices]
[Pages 8538-8539]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-03026]


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DEPARTMENT OF THE TREASURY


Proposed Collections; Comment Requests

AGENCY: Departmental Offices; Department of the Treasury.
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 Affairs of the Department of the Treasury is 
soliciting comments concerning extension without change of the 
following forms: Foreign Currency Form FC-1 (OMB No. 1505-0012), Weekly 
Consolidated Foreign Currency Report of Major Market Participants; Form 
FC-2 (OMB No. 1505-0010); Monthly Consolidated Foreign Currency Report 
of Major Market Participants; 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 April 14, 2014 
to be assured of consideration.

ADDRESSES: Direct all written comments to Gregory B. Seel, Markets 
Room, Department of the Treasury, Room 1328, 1500 Pennsylvania Avenue 
NW., Washington, DC 20220. In view of possible delays in mail delivery, 
please also notify Mr. Seel by email (gregory.seel@treasury.gov), FAX 
(202-622-2021) or telephone (202-622-5078).

[[Page 8539]]


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 Web pages for the TFC-1, TFC-2 and TFC-3 forms, for example at: 
https://www.ny.frb.org/banking/reportingforms/TFC_1.html. Requests for 
additional information should be directed to Mr. Seel.

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 pursuant to (31 U.S.C. 5315, which directs the Secretary of the 
Treasury to prescribe regulations (31 CFR part 128, Subpart C), 
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.

Gregory B. Seel,
Financial Analyst, Markets Room, U.S. Department of the Treasury.
[FR Doc. 2014-03026 Filed 2-11-14; 8:45 am]
BILLING CODE 4810-25-P
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