[Federal Register Volume 61, Number 80 (Wednesday, April 24, 1996)]
[Notices]
[Page 18192]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-10036]
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DEPARTMENT OF THE TREASURY
Departmental Offices; Proposed Collection; Comment Request
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 and respondent burden, invites the general
pubic and other Federal agencies to comment on an information
collection that is due for renewed approval by the Office of Management
and Budget. The comment period is required by the Paperwork Reduction
Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently,
the Office of International Financial Analysis within the Department of
the Treasury is soliciting comments concerning recordkeeping
requirements associated with Reporting of International Capital and
Foreign Currency Transactions and Positions--31 CFR Part 128.
DATES: Written comments should be received on or before June 21, 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 regulations 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:
Title: Reporting of International Capital and Foreign Currency
Transactions and Positions--31 CFR Part 128.
OMB Number: 1505-0149.
Abstract: 31 CFR Part 128 establishes general guidelines for
reporting on United States claims on and liabilities to foreigners; on
transactions in securities with foreigners; and on the monetary
reserves of the United States as provided for by the International
Investment and Trade in Services Survey Act and the Bretton Woods
Agreements Act. In addition, 31 CFR Part 128 establishes general
guidelines for reporting on the nature and source of foreign currency
transactions of large U.S. business enterprises and their foreign
affiliates. This regulation includes a recordkeeping requirement,
Sec. 128.5, which is necessary to enable the Office of International
Financial Analysis to verify reported information and to secure
additional information concerning reported information as may be
necessary. The recordkeepers are U.S. persons required to file reports
covered by these regulations.
Current Actions: No changes to recordkeeping requirements are
proposed at this time.
Type of Review: Extension.
Affected Public: Business or other for-profit.
Estimated Number of Respondents: 2,000.
Estimated Average Time per Respondent: Three (3) hours per
respondent per response.
Estimated Total Annual Burden Hours: 6,000 hours, based on one
response 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 31 CFR Sec. 128.5 is
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; how to enhance the quality,
usefulness, and clarity of the information to be collected; and how to
minimize the reporting and/or recordkeeping burdens on respondents,
including the use of information technologies to automate the
collection of the data.
Thomas Ashby McCown,
Director, Office of International Financial Analysis.
[FR Doc. 96-10036 Filed 4-23-96; 8:45 am]
BILLING CODE 4810-25-M
