83 FR 19405 - Proposed Collections; Comment Requests

DEPARTMENT OF THE TREASURY

Federal Register Volume 83, Issue 85 (May 2, 2018)

Page Range		19405-19406
FR Document		2018-09283

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 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 Treasury International Capital Form D, Report of Holdings of, and Transactions in, Financial Derivatives Contracts with Foreign Residents.

Federal Register, Volume 83 Issue 85 (Wednesday, May 2, 2018)

[Federal Register Volume 83, Number 85 (Wednesday, May 2, 2018)]
[Notices]
[Pages 19405-19406]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-09283]


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DEPARTMENT OF THE TREASURY


Proposed Collections; Comment Requests

AGENCY: Departmental Offices, Department of the Treasury.

ACTION: Notice and request for comments.

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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 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 Treasury 
International Capital Form D, Report of Holdings of, and Transactions 
in, Financial Derivatives Contracts with Foreign Residents.

DATES: Written comments should be received on or before July 2, 2018 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 ([email protected]), 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 webpage, http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms.aspx. Requests for additional information should be directed to 
Mr. Wolkow at (202) 622-1276.

SUPPLEMENTARY INFORMATION: 
    Title: Treasury International Capital Form D, Report of Holdings 
of, and Transactions in, Financial Derivatives Contracts With Foreign 
Residents.
    OMB Control Number: 1505-0199.
    Abstract: Form D 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 128) for the purpose of providing 
timely information on international capital movements other

[[Page 19406]]

than direct investment by U.S. persons. Form D is a quarterly report 
used to cover holdings and transactions in derivatives contracts 
undertaken between foreign resident counterparties and major U.S.-
resident participants in derivatives markets. This information is 
necessary for compiling the U.S. balance of payments accounts and 
international investment position, and for formulating U.S. 
international financial and monetary policies.
    Current Actions: No changes in the form are being proposed at this 
time. The proposed changes in the instructions are:
    (1) The section I.C ``Who Must Report'' and sub-section 
``Consolidation'' of the instructions are updated to list out 
separately Intermediate Holding Companies (IHCs), as defined by 
Regulation YY, 12 CFR 252, and to clarify that IHCs should follow the 
same consolidation rules that are applicable to Bank Holding Companies 
(BHCs), Financial Holding Companies (FHCs), and Savings and Loan 
Holding Companies. Regulation YY was effective by January 1, 2015, and 
IHCs are filing TIC reports; this update will formalize their reporting 
requirements.
    (2) The glossaries for all Treasury International Capital (``TIC'') 
reports are consolidated into a single document which will provide more 
consistency across the TIC system. As a result, the TIC D reporting 
instructions will not include a glossary but will point to the separate 
consolidated TIC Glossary document on the Treasury website. See the 
March 2018 version and later versions.
    (3) Some other clarifications and format changes may be made to 
improve the instructions.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for profit organizations.
    Form D (1505-0199).
    Estimated Number of Respondents: 35.
    Estimated Average Time per Respondent: Thirty (30) hours per 
respondent per filing. Estimated Total Annual Burden Hours: 4,200 
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 Form D 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. 2018-09283 Filed 5-1-18; 8:45 am]
 BILLING CODE 4810-25-P

$19406 Federal Register / Vol. 83, No. 85 / Wednesday, May 2, 2018 / Notices than direct investment by U.S. persons. update will formalize their reporting be summarized and/or included in the Form D is a quarterly report used to requirements. request for Office of Management and cover holdings and transactions in (2) The glossaries for all Treasury Budget approval. All comments will derivatives contracts undertaken International Capital (‘‘TIC’’) reports are become a matter of public record. The between foreign resident counterparties consolidated into a single document public is invited to submit written and major U.S.-resident participants in which will provide more consistency comments concerning: (a) Whether derivatives markets. This information is across the TIC system. As a result, the Form D is necessary for the proper necessary for compiling the U.S. balance TIC D reporting instructions will not performance of the functions of the of payments accounts and international include a glossary but will point to the Office, including whether the investment position, and for formulating separate consolidated TIC Glossary information will have practical uses; (b) U.S. international financial and document on the Treasury website. See the accuracy of the above estimate of the monetary policies. the March 2018 version and later Current Actions: No changes in the burdens; (c) ways to enhance the versions. form are being proposed at this time. (3) Some other clarifications and quality, usefulness and clarity of the The proposed changes in the format changes may be made to improve information to be collected; (d) ways to instructions are: the instructions. minimize the reporting and/or record (1) The section I.C ‘‘Who Must Type of Review: Revision of a keeping burdens on respondents, Report’’ and sub-section currently approved collection. including the use of information ‘‘Consolidation’’ of the instructions are Affected Public: Business or other for technologies to automate the collection updated to list out separately profit organizations. of the data; and (e) estimates of capital Intermediate Holding Companies (IHCs), Form D (1505–0199). or start-up costs of operation, as defined by Regulation YY, 12 CFR Estimated Number of Respondents: maintenance and purchase of services to 252, and to clarify that IHCs should 35. provide information. follow the same consolidation rules that Estimated Average Time per are applicable to Bank Holding Respondent: Thirty (30) hours per Dwight Wolkow, Companies (BHCs), Financial Holding respondent per filing. Estimated Total Administrator, International Portfolio Companies (FHCs), and Savings and Annual Burden Hours: 4,200 hours, Investment Data Systems. Loan Holding Companies. Regulation based on 4 reporting periods per year. [FR Doc. 2018–09283 Filed 5–1–18; 8:45 am] YY was effective by January 1, 2015, Request For Comments: Comments BILLING CODE 4810–25–P and IHCs are filing TIC reports; this submitted in response to this notice will daltland on DSKBBV9HB2PROD with NOTICES VerDate Sep<11>2014 22:14 May 01, 2018 Jkt 244001 PO 00000 Frm 00196 Fmt 4703 Sfmt 9990 E:\FR\FM\02MYN1.SGM 02MYN1$

Document Created: 2018-05-02 00:49:37
Document Modified: 2018-05-02 00:49:37

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice and request for comments.
Dates		Written comments should be received on or before July 2, 2018 to be assured of consideration.
Contact		Copies of the proposed forms and instructions are available on the Treasury's TIC Forms webpage, http:// www.treasury.gov/resource-center/data-chart-center/tic/Pages/ forms.aspx. Requests for additional information should be directed to Mr. Wolkow at (202) 622-1276.
FR Citation		83 FR 19405