[Federal Register Volume 64, Number 187 (Tuesday, September 28, 1999)]
[Notices]
[Page 52371]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-25143]



[[Page 52371]]

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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 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 BQ-
1, Part 1: Reporting Bank's Own Claims, and Selected Claims of Broker 
or Dealer, on Foreigners; and Part 2: Domestic Customers' Claims on 
Foreigners Held by Reporting Bank, Broker or Dealer, Payable in 
Dollars.

DATES: Written comments should be received on or before November 29, 
1999, to be assured of consideration.

ADDRESSES: Direct all written comments to Dwight Wolkow, Administrator, 
Treasury International Portfolio Investment Data Systems, Department of 
the Treasury, Room 5205 M.T., 1500 Pennsylvania Avenue NW, Washington, 
DC 20220.

FOR FURTHER INFORMATION CONTACT: Reqeusts for additional information or 
copies of the forms and instructions should be directed to Dwight 
Wolkow, Treasury International Portfolio Investment Data Systems, 
Department of the Treasury, Room 5205 M.T., 1500 Pennsylvania Avenue 
NW, Washington, DC 20220, (202) 622-1276.

SUPPLEMENTARY INFORMATION: 
    Title: Treasury International Capital Form BQ-1. Part 1: Reporting 
Bank's Own Claims, and Selected Claims of Broker or Dealer, on 
Foreigners; Part 2: Domestic Customers' Claims on Foreigners Held by 
Reporting Bank, Broker or Dealer, Payable in Dollars.
    OMB Number: 1505-0016.
    Abstract: Form BQ-1 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; EO 10033; 31 CFR Part 128) and is designed to collect 
timely information on international portfolio capital movements. This 
quarterly report covers the U.S. dollar claims of banks, other 
depository institutions, brokers and dealers, and of their domestic 
customers vis-a-vis 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.
    Type of Review: Extension.
    Affected Public: Business or other for-profit.
    Form BQ-1 (1505-0016).
    Estimated Number of Respondents: 600.
    Estimated Average Time per Respondent: Four (4) hours per 
respondent per filing.
    Estimated Total Annual Burden Hours: 9,600 hours, based on four 
reporting periods per year.
    Reqeust 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 BQ-1 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 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.
Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. 99-25143 Filed 9-27-99; 8:45 am]
BILLING CODE 4810-25-M