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