[Federal Register Volume 61, Number 210 (Tuesday, October 29, 1996)]
[Notices]
[Page 55838]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-27643]
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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 two information collections that
are 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 Form BL-2/BL-2(SA), Custody Liabilities of Reporting Banks,
Brokers and Dealers to Foreigners, Payable 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 Banks, Broker or
Dealer, Currencies.
DATES: Written comments should be received on or before December 30,
1996 to be assured of consideration.
ADDRESSES: Direct all written comments to Gary A. Lee, Manager,
Treasury International Capital Reporting System, Department of the
Treasury, Room 5464, 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 Gary A. Lee,
Manager, Treasury International Capital Reporting System, Department of
the Treasury, Room 5464, 1500 Pennsylvania Avenue NW, Washington DC
20220, (202) 622-2270.
SUPPLEMENTARY INFORMATION:
Titles: Treasury International Capital Form BL-2/BL-2 (SA), Custody
Liabilities of Reporting Banks, Brokers and Dealers to Foreigners,
Payable 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, Payable 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
payable 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: 150.
Estimated Average Time per Respondent: Five (5) hours per
respondent per filing.
Estimated Total Annual Burden Hours: 9,000 hours, based on twelve
reporting periods per year.
Form BQ-2 (1505-0020)
Estimated Number of Respondents: 290.
Estimated Average Time per Respondent: Four (4) hours per
respondent per filing.
Estimated Total Annual Burden Hours: 4,640 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 requests 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 23, 1996.
Thomas Ashby McCown,
Director, Officer of International Financial Analysis.
[FR Doc. 96-27643 Filed 10-28-96; 8:45 am]
BILLING CODE 4810-25-M
