Proposed Collections; Comment Requests, 8539-8540 [2014-03027]

Download as PDF 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 mstockstill on DSK4VPTVN1PROD with NOTICES 8540 Federal Register / Vol. 79, No. 29 / Wednesday, February 12, 2014 / Notices more consistency across the TIC system. As a result, the TIC S reporting instructions will not include a glossary but will point to the separate consolidated Glossary document on the Treasury Web site; (d) The Form S reports may be submitted electronically using the Federal Reserve’s ‘‘Reporting Central’’, which replaces the previous Federal Reserve System’s Internet Electronic Submission (IESUB) system. [Note: some other clarifications may be made in the instructions and glossary.] (e) 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: S (1505–0001). Estimated Number of Respondents: 188. Estimated Average Time per Respondent: Six and three tenth hours per respondent per filing. This estimate includes the Current Actions proposed above. The estimated average time per respondent varies from 10.8 hours for the approximately 30 major reporters to 5.4 hours for the other reporters. Estimated Total Annual Burden Hours: 14,130 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 public is invited to submit written comments concerning: (a) Whether Form S 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. 2014–03027 Filed 2–11–14; 8:45 am] BILLING CODE 4810–25–P VerDate Mar<15>2010 17:11 Feb 11, 2014 Jkt 232001 DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Designation of 8 Individuals and 2 Entities Pursuant to Executive Order 13224 of September 23, 2001, ‘‘Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism’’ Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: The Treasury Department’s Office of Foreign Assets Control (‘‘OFAC’’) is publishing the names of 8 individuals and 2 entities whose property and interests in property are blocked pursuant to Executive Order 13224 of September 23, 2001, ‘‘Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism.’’ DATES: The designations by the Director of OFAC of the 8 individuals and 2 entities in this notice, pursuant to Executive Order 13224, are effective on February 6, 2014. FOR FURTHER INFORMATION CONTACT: Assistant Director, Compliance Outreach & Implementation, Office of Foreign Assets Control, Department of the Treasury, Washington, DC 20220, tel.: 202/622–2490. SUPPLEMENTARY INFORMATION: SUMMARY: Electronic and Facsimile Availability This document and additional information concerning OFAC are available from OFAC’s Web site (www.treas.gov/ofac) or via facsimile through a 24-hour fax-on-demand service, tel.: 202/622–0077. Background On September 23, 2001, the President issued Executive Order 13224 (the ‘‘Order’’) pursuant to the International Emergency Economic Powers Act, 50 U.S.C. 1701–1706, and the United Nations Participation Act of 1945, 22 U.S.C. 287c. In the Order, the President declared a national emergency to address grave acts of terrorism and threats of terrorism committed by foreign terrorists, including the September 11, 2001 terrorist attacks in New York, Pennsylvania, and at the Pentagon. The Order imposes economic sanctions on persons who have committed, pose a significant risk of committing, or support acts of terrorism. The President identified in the Annex to the Order, as amended by Executive Order 13268 of July 2, 2002, 13 individuals and 16 entities as subject to PO 00000 Frm 00112 Fmt 4703 Sfmt 4703 the economic sanctions. The Order was further amended by Executive Order 13284 of January 23, 2003, to reflect the creation of the Department of Homeland Security. Section 1 of the Order blocks, with certain exceptions, all property and interests in property that are in or hereafter come within the United States or the possession or control of United States persons, of: (1) Foreign persons listed in the Annex to the Order; (2) foreign persons determined by the Secretary of State, in consultation with the Secretary of the Treasury, the Secretary of the Department of Homeland Security and the Attorney General, to have committed, or to pose a significant risk of committing, acts of terrorism that threaten the security of U.S. nationals or the national security, foreign policy, or economy of the United States; (3) persons determined by the Director of OFAC, in consultation with the Departments of State, Homeland Security and Justice, to be owned or controlled by, or to act for or on behalf of those persons listed in the Annex to the Order or those persons determined to be subject to subsection 1(b), 1(c), or 1(d)(i) of the Order; and (4) except as provided in section 5 of the Order and after such consultation, if any, with foreign authorities as the Secretary of State, in consultation with the Secretary of the Treasury, the Secretary of the Department of Homeland Security and the Attorney General, deems appropriate in the exercise of his discretion, persons determined by the Director of OFAC, in consultation with the Departments of State, Homeland Security and Justice, to assist in, sponsor, or provide financial, material, or technological support for, or financial or other services to or in support of, such acts of terrorism or those persons listed in the Annex to the Order or determined to be subject to the Order or to be otherwise associated with those persons listed in the Annex to the Order or those persons determined to be subject to subsection 1(b), 1(c), or 1(d)(i) of the Order. On February 6, 2014, the Director of OFAC, in consultation with the Departments of State, Homeland Security, Justice and other relevant agencies, designated, pursuant to one or more of the criteria set forth in subsections 1(b), 1(c) or 1(d) of the Order, 8 individual(s) and 2 entit(ies) whose property and interests in property are blocked pursuant to Executive Order 13224. The listings for these individuals and entities on OFAC’s list of Specially Designated Nationals and Blocked Persons appear as follows: E:\FR\FM\12FEN1.SGM 12FEN1

Agencies

[Federal Register Volume 79, Number 29 (Wednesday, February 12, 2014)]
[Notices]
[Pages 8539-8540]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-03027]


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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 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 (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/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 S, Purchases and Sales 
of Long-term 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-By-Column 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 (mortgage-backed 
securities and all other asset-backed securities)) guaranteed by or are 
the obligations of United States Government corporations or Federally-
Sponsored 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

[[Page 8540]]

more consistency across the TIC system. As a result, the TIC S 
reporting instructions will not include a glossary but will point to 
the separate consolidated Glossary document on the Treasury Web site; 
(d) The Form S reports may be submitted electronically using the 
Federal Reserve's ``Reporting Central'', which replaces the previous 
Federal Reserve System's Internet Electronic Submission (IESUB) system. 
[Note: some other clarifications may be made in the instructions and 
glossary.] (e) 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 for-profit organizations.
    Form: S (1505-0001).
    Estimated Number of Respondents: 188.
    Estimated Average Time per Respondent: Six and three tenth hours 
per respondent per filing. This estimate includes the Current Actions 
proposed above. The estimated average time per respondent varies from 
10.8 hours for the approximately 30 major reporters to 5.4 hours for 
the other reporters.
    Estimated Total Annual Burden Hours: 14,130 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 public is invited to submit written comments 
concerning: (a) Whether Form S 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. 2014-03027 Filed 2-11-14; 8:45 am]
BILLING CODE 4810-25-P
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