[Federal Register Volume 64, Number 15 (Monday, January 25, 1999)]
[Notices]
[Pages 3741-3742]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-1521]
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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 an information collection that is
due for renewed approval by the Office of Management and Budget. The
Office of International Financial Analysis within the Department of the
Treasury is soliciting comments concerning Treasury International
Capital Forms CQ-1 and CQ-2, Financial and Commercial Liabilities to,
and Claims on, Unaffiliated Foreigners.
DATES: Written comments should be received on or before March 26, 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, 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, 1500 Pennsylvania Avenue NW,
Washington, DC 20220, (202) 622-1276.
SUPPLEMENTARY INFORMATION:
Title: Treasury International Capital Form CQ-1, Financial
Liabilities to, and Claims on, Unaffiliated Foreigners; and Treasury
International Capital Form CQ-2, Commercial Liabilities to, and Claims
on, Unaffiliated Foreigners.
OMB Number: 1505-0024.
Abstract: Forms CQ-1 and CQ-2 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; EO 10033; 31 CFR 128), and is designed
to collect timely information on international portfolio capital
movements. Forms CQ-1 and CQ-2 are quarterly reports filed by
nonbanking enterprises in the U.S. to report their international
portfolio transactions with unaffiliated foreigners. 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 the forms
are proposed at this time.
Type of Review: Extension.
Affected Public: Business or other for-profit organizations.
Forms CQ-1 and CQ-2 (1505-0024).
Estimated Number of Respondents: 500.
Estimated Average Time per Respondent: 4 hours per respondent per
filing.
Estimated Total Annual Burden Hours: 8,000 hours, based on 4
reporting periods per year.
[[Page 3742]]
Request for Comments
Comments submitted in response to this notice will be summarized
and/or included in the requests for OMB approval. All comments will
become a matter of public record. The public is invited to submit
written comments concerning: whether Forms CQ-1 and CQ-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.
Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. 99-1521 Filed 1-22-99; 8:45 am]
BILLING CODE 4810-25-M
