[Federal Register Volume 64, Number 207 (Wednesday, October 27, 1999)] [Notices] [Pages 57928-57929] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 99-27994] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Departmental Offices; Proposed Collections; Comment Requests
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 two information collections that are due for renewed approval by the Office of Management and Budget. The Office of Program Services within the Department of the Treasury is soliciting comments concerning Treasury International Capital Form BL- 2/BL-2(SA), Custody Liabilities of Reporting Banks, Brokers and Dealers to Foreigners, Denominated in Dollars; and Treasury International Capital Form BQ-2, Part 1: Liabilities to, and Claims on, Foreigners of Reporting Bank, Broker or Dealer, and Part 2: Domestic Customers' Claims on Foreigners Held by Reporting Bank, Broker or Dealer, Denominated in Foreign Currencies.
Dates
Written comments should be received on or before December 27, 1999 to be assured of consideration.
Addresses
Direct all written comments to Dwight Wolkow, Administrator, International Portfolio Investment Data Systems, Department of the Treasury, Room 5205 MT, 1500 Pennsylvania Avenue NW, Washington DC 20220.
For Further Information Contact
Requests for additional information or copies of the forms and instructions should be directed to Dwight Wolkow, Administrator, International Portfolio Investment Data Systems, Department of the Treasury, Room 5205 MT, 1500 Pennsylvania Avenue NW, Washington DC 20220, (202) 622-1276, Fax (202) 622-7448.
Supplementary Information
Titles: Treasury International Capital Form BL-2/BL-2(SA), Custody Liabilities of Reporting Banks, Brokers and Dealers to Foreigners, Denominated in Dollars; and Treasury International Capital Form BQ-2, Part 1: Liabilities to, and Claims on, Foreigners of Reporting Bank, Broker or Dealer, and Part 2: Domestic Customers' Claims on Foreigners Held by Reporting Bank, Broker or Dealer, Denominated in Foreign Currencies. OMB Numbers: 1505-0018 and 1505-0020. Abstracts: Forms BL-2/BL-2(SA) and BQ-2 are required by law (22 U.S.C. 286f; 22 U.S.C. 3103; EO 10033; 31 CFR 128) and are designed to collect timely information on international portfolio capital movements. Form BL-2 is a monthly report (with a semiannual supplement) that covers the U.S. dollar custody liabilities of banks, other depository institutions, brokers and dealers, vis-a-vis foreign residents. Form BQ-2 is a quarterly report that covers the liabilities to and claims on foreigners of banks, brokers and dealers, and the custody claims on foreigners of banks, brokers and dealers, that are denominated in foreign currencies. This information is necessary for compiling
the U.S. balance of payments accounts, for calculating the U.S. international investment position, and for use in formulating U.S. international financial and monetary policies. Current Actions: No changes to reporting requirements for either form are proposed at this time. Type of Review: Extensions. Affected Public: Business or other for-profit. Form BL-2/BL-2(SA) (1505-0018) Estimated Number of Respondents: 125. Estimated Average Time per Respondent: Five (5) hours per respondent per filing. Estimated Total Annual Burden Hours: 7,500 hours, based on twelve reporting periods per year. Form BQ-2 (1505-0020) Estimated Number of Respondents: 200. Estimated Average Time per Respondent: Four (4) hours per respondent per filing. Estimated Total Annual Burden Hours: 3,200 hours, based on four reporting periods per year.
Request for Comments
Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. The public is invited to submit written comments concerning: whether Forms BL-2/BL-2(SA) and BQ-2 are necessary for the proper performance of the functions of the Office, including whether the information collected has practical uses; the accuracy of the above burden estimates; ways to enhance the quality, usefulness, and clarity of the information to be collected; ways to minimize the reporting and/or recordkeeping burdens on respondents, including the use of information technologies to automate the collection of the data; and estimates of capital or start-up costs of operation, maintenance, and purchases of services to provide information.
Dated: October 21, 1999. Dwight Wolkow, Administrator, International Portfolio Investment Data Systems. [FR Doc. 99-27994 Filed 10-26-99; 8:45 am] BILLING CODE 4810-25-M