[Federal Register Volume 61, Number 54 (Tuesday, March 19, 1996)]
[Notices]
[Pages 11234-11235]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-6470]



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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 
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 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

[[Page 11235]]
concerning Treasury International Capital Form S, Purchases and Sales 
of Long-Term Securities by Foreigners.

DATES: Written comments should be received on or before May 13, 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 5452-A, 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 5452-A, 1500 Pennsylvania Avenue NW, Washington, DC 20220, (202) 
622-2270.

SUPPLEMENTARY INFORMATION:
    Title: Purchases and Sales of Long-Term Securities by Foreigners, 
Treasury International Capital Form S.
    OMB Number: 1505-0001.
    Abstract: Form S is required by law (22 USC 286f; 22 USC 3103; EO 
10033; 31 CFR 128) and is designed to collect timely information on 
international portfolio capital movements. This report covers monthly 
purchases and sales of long-term domestic and foreign securities in 
transactions between U.S. persons and foreign residents. 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 are proposed 
at this time. Minor revisions to instructions will aim to clarify 
current reporting requirements, but will not affect current paperwork 
burden.
    Type of Review: Extension.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 475.
    Estimated Average Time per Respondent: Five (5) hours per 
respondent per filing.
    Estimated Total Annual Burden Hours: 28,500 hours, based on twelve 
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 Form S 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. 96-6470 Filed 3-18-96; 8:45 am]
BILLING CODE 4810-25-M