Agency Information Collection Activities; Submission for OMB Review; Comment Request; Departmental Offices Information Collection Request, 18374 [2023-06391]

Download as PDF 18374 Federal Register / Vol. 88, No. 59 / Tuesday, March 28, 2023 / Notices Estimated Number of Respondents: 56. Estimated Time per Respondent: Average 393.5 hours per state. Estimated Total Annual Burden Hours: 22,036. Authority: 44 U.S.C. 3501 et seq. Melody Braswell, Treasury PRA Clearance Officer. [FR Doc. 2023–06389 Filed 3–27–23; 8:45 am] BILLING CODE 4810–AS–P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Departmental Offices Information Collection Request Departmental Offices, U.S. Department of the Treasury. ACTION: Notice. 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 revisions of an information collection that are 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 the revisions of the Treasury International Capital (TIC) Forms BC, BL–1, BL–2, BQ–1, BQ–2, and BQ–3 (called the ‘‘TIC B forms’’). DATES: Comments should be received on or before April 27, 2023 to be assured of consideration. ADDRESSES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. FOR FURTHER INFORMATION CONTACT: Dwight Wolkow, International Portfolio Investment Data Systems, Department of the Treasury, 202–622–1276. Copies of the proposed TIC B Forms and instructions are available on the Treasury’s TIC Forms web page, https:// home.treasury.gov/data/treasuryinternational-capital-tic-system-homepage/tic-forms-instructions. Requests for additional information should be directed to Mr. Wolkow. SUPPLEMENTARY INFORMATION: lotter on DSK11XQN23PROD with NOTICES1 SUMMARY: Departmental Offices (DO) Titles: Treasury International Capital (TIC) Form BC ‘‘Monthly Report of U.S. VerDate Sep<11>2014 16:59 Mar 27, 2023 Jkt 259001 Dollar Claims of Financial Institutions on Foreign Residents;’’ TIC BL–1 ‘‘Monthly Report of U.S. Dollar Liabilities of Financial Institutions to Foreign Residents;’’ TIC BL–2 ‘‘Monthly Report of Customers’ U.S. Dollar Liabilities to Foreign Residents;’’ TIC BQ–1 ‘‘Quarterly Report of Customers’ U.S. Dollar Claims on Foreign Residents;’’ TIC BQ–2 ‘‘Part 1: Quarterly Report of Foreign Currency Liabilities and Claims of Financial Institutions and of their Domestic Customers’ Foreign Currency Claims with Foreign Residents’’ and ‘‘Part 2: the Report of Customers’ Foreign Currency Liabilities to Foreign Residents;’’ and TIC BQ–3 ‘‘Quarterly Report of Maturities of Selected Liabilities and Claims of Financial Institutions with Foreign Residents.’’ OMB Number: 1505–0016. Abstract: Forms BC, BL–1, BL–2, BQ– 1, BQ–2, BQ–3 are 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) and are designed to collect timely information on international portfolio capital movements. These forms are filed by U.S.-resident financial institutions that are not exempt. On the monthly forms, these organizations report their own claims on (BC), their own liabilities to (BL–1), and their U.S. customers’ liabilities to (BL–2) foreign residents, denominated in U.S. dollars. On the quarterly forms, these organizations report their U.S.-resident customers’ U.S. dollar claims on foreign residents (BQ–1), and their own and their domestic customers’ claims and liabilities with foreign residents, where all claims and liabilities are denominated in foreign currencies (BQ– 2). On the quarterly BQ–3 form, these organizations report the remaining maturities of all their own U.S. dollar and foreign currency liabilities and claims (excluding securities) with foreign residents. This information is necessary for compiling the U.S. balance of payments accounts and the U.S. international investment position, and for use in formulating U.S. international financial and monetary policies. Current Actions: One change is proposed to page 18 of the Instructions for the Treasury International Capital (TIC) Form B Reports. In section I.D.1. ‘‘General Instructions—Accounting Issues—General’’, add the following sentence as the new first sentence of the existing first paragraph: ‘‘These reports should be prepared in accordance with generally accepted accounting principles (GAAP) and these instructions.’’ This additional text clarifies that balances are expected to be PO 00000 Frm 00083 Fmt 4703 Sfmt 4703 reported according to GAAP. Similar text is found in the FFIEC 009 instructions. Type of Review: Revision of a currently approved collection. Affected Public: Business or other forprofit organizations. Forms: BC, BL–1, BL–2, BQ–1, BQ–2, and BQ–3. Estimated Number of Respondents: BC, 320; BL–1, 360; BL–2, 110; BQ–1, 85; BQ–2, 190 and BQ–3, 155. Estimated Average Time per Respondent per Filing: BC, 11.2 hours; BL–1, 7.7 hours; BL–2, 8.9 hours; BQ– 1, 3.8 hours; BQ–2, 7.8 hours; and BQ– 3, 10.5 hours. The average time varies and is estimated to be generally twice as many hours for major data reporters as for other reporters. Estimated Total Annual Burden Hours: BC, 43,170 hours for 12 reports per year; BL–1, 33,440 hours for 12 reports per year; BL–2, 11,760 hours for 12 reports per year; BQ–1, 1,290 hours for 4 reports per year, BQ–2, 5,960 hours for 4 reports per year; and BQ–3, 6,510 hours for 4 reports per year. Authority: 44 U.S.C. 3501 et seq. Melody Braswell, Treasury PRA Clearance Officer. [FR Doc. 2023–06391 Filed 3–27–23; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Comments in Aid of Analyses of the Terrorism Risk Insurance Program Departmental Offices, U.S. Department of the Treasury. ACTION: Request for comments. AGENCY: The Terrorism Risk Insurance Act of 2002 (TRIA) created the Terrorism Risk Insurance Program (Program) to address disruptions in the market for terrorism risk insurance, to help ensure the continued availability and affordability of commercial property and casualty insurance for terrorism risk, and to allow for the private markets to stabilize and build insurance capacity to absorb any future losses for terrorism events. The Secretary of the Treasury (Secretary) administers the Program, with the assistance of the Federal Insurance Office (FIO). Treasury requests comments from interested parties regarding some of the issues that FIO will be analyzing in connection with its next report related to the participation of small insurers in the Program, including any competitive challenges such insurers face in the terrorism risk insurance marketplace. SUMMARY: E:\FR\FM\28MRN1.SGM 28MRN1

Agencies

[Federal Register Volume 88, Number 59 (Tuesday, March 28, 2023)]
[Notices]
[Page 18374]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-06391]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Departmental Offices Information Collection 
Request

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

ACTION: Notice.

-----------------------------------------------------------------------

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 revisions of an information 
collection that are 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 the revisions of the 
Treasury International Capital (TIC) Forms BC, BL-1, BL-2, BQ-1, BQ-2, 
and BQ-3 (called the ``TIC B forms'').

DATES: Comments should be received on or before April 27, 2023 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Dwight Wolkow, International Portfolio 
Investment Data Systems, Department of the Treasury, 202-622-1276. 
Copies of the proposed TIC B Forms and instructions are available on 
the Treasury's TIC Forms web page, https://home.treasury.gov/data/treasury-international-capital-tic-system-home-page/tic-forms-instructions. Requests for additional information should be directed to 
Mr. Wolkow.

SUPPLEMENTARY INFORMATION: 

Departmental Offices (DO)

    Titles: Treasury International Capital (TIC) Form BC ``Monthly 
Report of U.S. Dollar Claims of Financial Institutions on Foreign 
Residents;'' TIC BL-1 ``Monthly Report of U.S. Dollar Liabilities of 
Financial Institutions to Foreign Residents;'' TIC BL-2 ``Monthly 
Report of Customers' U.S. Dollar Liabilities to Foreign Residents;'' 
TIC BQ-1 ``Quarterly Report of Customers' U.S. Dollar Claims on Foreign 
Residents;'' TIC BQ-2 ``Part 1: Quarterly Report of Foreign Currency 
Liabilities and Claims of Financial Institutions and of their Domestic 
Customers' Foreign Currency Claims with Foreign Residents'' and ``Part 
2: the Report of Customers' Foreign Currency Liabilities to Foreign 
Residents;'' and TIC BQ-3 ``Quarterly Report of Maturities of Selected 
Liabilities and Claims of Financial Institutions with Foreign 
Residents.''
    OMB Number: 1505-0016.
    Abstract: Forms BC, BL-1, BL-2, BQ-1, BQ-2, BQ-3 are 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) and are designed to collect timely information on international 
portfolio capital movements. These forms are filed by U.S.-resident 
financial institutions that are not exempt. On the monthly forms, these 
organizations report their own claims on (BC), their own liabilities to 
(BL-1), and their U.S. customers' liabilities to (BL-2) foreign 
residents, denominated in U.S. dollars. On the quarterly forms, these 
organizations report their U.S.-resident customers' U.S. dollar claims 
on foreign residents (BQ-1), and their own and their domestic 
customers' claims and liabilities with foreign residents, where all 
claims and liabilities are denominated in foreign currencies (BQ-2). On 
the quarterly BQ-3 form, these organizations report the remaining 
maturities of all their own U.S. dollar and foreign currency 
liabilities and claims (excluding securities) with foreign residents. 
This information is necessary for compiling the U.S. balance of 
payments accounts and the U.S. international investment position, and 
for use in formulating U.S. international financial and monetary 
policies.
    Current Actions: One change is proposed to page 18 of the 
Instructions for the Treasury International Capital (TIC) Form B 
Reports. In section I.D.1. ``General Instructions--Accounting Issues--
General'', add the following sentence as the new first sentence of the 
existing first paragraph: ``These reports should be prepared in 
accordance with generally accepted accounting principles (GAAP) and 
these instructions.'' This additional text clarifies that balances are 
expected to be reported according to GAAP. Similar text is found in the 
FFIEC 009 instructions.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Forms: BC, BL-1, BL-2, BQ-1, BQ-2, and BQ-3.
    Estimated Number of Respondents: BC, 320; BL-1, 360; BL-2, 110; BQ-
1, 85; BQ-2, 190 and BQ-3, 155.
    Estimated Average Time per Respondent per Filing: BC, 11.2 hours; 
BL-1, 7.7 hours; BL-2, 8.9 hours; BQ-1, 3.8 hours; BQ-2, 7.8 hours; and 
BQ-3, 10.5 hours. The average time varies and is estimated to be 
generally twice as many hours for major data reporters as for other 
reporters.
    Estimated Total Annual Burden Hours: BC, 43,170 hours for 12 
reports per year; BL-1, 33,440 hours for 12 reports per year; BL-2, 
11,760 hours for 12 reports per year; BQ-1, 1,290 hours for 4 reports 
per year, BQ-2, 5,960 hours for 4 reports per year; and BQ-3, 6,510 
hours for 4 reports per year.
    Authority: 44 U.S.C. 3501 et seq.

Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-06391 Filed 3-27-23; 8:45 am]
BILLING CODE 4810-25-P
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