[Federal Register Volume 64, Number 45 (Tuesday, March 9, 1999)]
[Notices]
[Page 11531]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-5753]


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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 Program Services within the Department of the Treasury is 
soliciting comments concerning Treasury International Capital Form S, 
Purchases and Sales of Long-term Securities by Foreigners.

DATES: Written comment should be received on or before May 10, 1999 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Dwight Walkow, 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 
Walkow, 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 S. Purchases and Sales 
of Long-term Securities by Foreigners.
    OMB Number: 1505-0001.
    Abstract: Form S is part of the Treasury International Capital 
(TIC) reporting system, which 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. Form S is a 
monthly report used to cover transaction in long-term marketable 
securities undertaken DIRECTLY with foreigners by banks, other 
depository institutions, brokers, dealers, underwriting groups and 
other individuals and institutions. 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 form 
are proposed at this time.
    Type of Review: Extension.
    Affected Public: Business or other for-profit organizations.
    Form S (1505-0001).
    Estimated Number of Respondents: 425.
    Estimated Average Time per Respondent: 5 hours per respondent per 
filing.
    Estimated Total Annual Burden Hours: 25,500 hours, based on 12 
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 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; ways to enhance the quality, usefulness, and clarity 
of the information to be collected; 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 
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. 99-5753 Filed 3-8-99; 8:45 am]
BILLING CODE 4810-25-M