Proposed Collection; Comment Request, 8538 [2014-03028]

Agencies

• DEPARTMENT OF THE TREASURY

[Federal Register Volume 79, Number 29 (Wednesday, February 12, 2014)]
[Notices]
[Page 8538]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-03028]


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DEPARTMENT OF THE TREASURY


Proposed Collection; Comment Request

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 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/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 SLT, Aggregate Holdings 
of Long-Term 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 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 for-profit 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 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