2021-05753. Proposed Collection; Comment Request  

  • Start Preamble

    AGENCY:

    Departmental Offices; Department of the Treasury.

    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 a currently approved information collection that is to be proposed for approval by the Office of Management and Budget. The Office of International Affairs of the Department of the Treasury is soliciting comments concerning Treasury International Capital Form D, “Report of Holdings of, and Transactions in, Financial Start Printed Page 15022Derivatives Contracts with Foreign Residents”.

    DATES:

    Written comments should be received on or before May 18, 2021 to be assured of consideration.

    ADDRESSES:

    Direct all written comments to Dwight Wolkow, International Portfolio Investment Data Systems, Department of the Treasury, Room 1050, 1500 Pennsylvania Avenue NW, Washington, DC 20220. In view of possible delays in mail delivery, please also notify Mr. Wolkow by email (comments2TIC@treasury.gov), or by telephone (cell: 202-923-0518).

    Start Further Info

    FOR FURTHER INFORMATION CONTACT:

    Copies of the proposed form and instructions are available on the Treasury's TIC Forms web page, TIC D Form and Instructions | U.S. Department of the Treasury . Requests for additional information should be directed to Mr. Wolkow by email (comments2TIC@treasury.gov), or by telephone (cell: 202-923-0518).

    End Further Info End Preamble Start Supplemental Information

    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), and is designed to collect timely information on international capital movements other 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 used by the U.S. Government in the formulation of international financial and monetary policies and for the preparation of the U.S. balance of payments accounts and the U.S. international investment position.

    Current Actions: No changes in the form or instructions are being proposed at this time. Some clarifications and format changes may be made to improve the instructions.

    Type of Review: Renewal without change of a currently approved collection.

    Affected Public: Business or other for profit organizations.

    Form D (1505-0199).

    Estimated Number of Respondents: 29.

    Estimated Average Time per Respondent: Thirty (30) hours per respondent per filing.

    Estimated Total Annual Burden Hours: 3,480 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.

    Start Signature

    Dwight Wolkow,

    Administrator, International Portfolio Investment Data Reporting Systems.

    End Signature End Supplemental Information

    [FR Doc. 2021-05753 Filed 3-18-21; 8:45 am]

    BILLING CODE 4810-AK-P

Document Information

Published:
03/19/2021
Department:
Treasury Department
Entry Type:
Notice
Action:
No changes in the form or instructions are being proposed at this time. Some clarifications and format changes may be made to improve the instructions.
Document Number:
2021-05753
Dates:
Written comments should be received on or before May 18, 2021 to be assured of consideration.
Pages:
15021-15022 (2 pages)
PDF File:
2021-05753.pdf