[Federal Register Volume 64, Number 207 (Wednesday, October 27, 1999)]
[Notices]
[Pages 57928-57929]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-27994]


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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 two information collections that 
are 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 BL-
2/BL-2(SA), Custody Liabilities of Reporting Banks, Brokers and Dealers 
to Foreigners, Denominated in Dollars; and Treasury International 
Capital Form BQ-2, Part 1: Liabilities to, and Claims on, Foreigners of 
Reporting Bank, Broker or Dealer, and Part 2: Domestic Customers' 
Claims on Foreigners Held by Reporting Bank, Broker or Dealer, 
Denominated in Foreign Currencies.

DATES: Written comments should be received on or before December 27, 
1999 to be assured of consideration.

ADDRESSES: Direct all written comments to Dwight Wolkow, Administrator, 
International Portfolio Investment Data Systems, Department of the 
Treasury, Room 5205 MT, 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 
Wolkow, Administrator, International Portfolio Investment Data Systems, 
Department of the Treasury, Room 5205 MT, 1500 Pennsylvania Avenue NW, 
Washington DC 20220, (202) 622-1276, Fax (202) 622-7448.

SUPPLEMENTARY INFORMATION:
    Titles: Treasury International Capital Form BL-2/BL-2(SA), Custody 
Liabilities of Reporting Banks, Brokers and Dealers to Foreigners, 
Denominated in Dollars; and Treasury International Capital Form BQ-2, 
Part 1: Liabilities to, and Claims on, Foreigners of Reporting Bank, 
Broker or Dealer, and Part 2: Domestic Customers' Claims on Foreigners 
Held by Reporting Bank, Broker or Dealer, Denominated in Foreign 
Currencies.
    OMB Numbers: 1505-0018 and 1505-0020.
    Abstracts: Forms BL-2/BL-2(SA) and BQ-2 are required by law (22 
U.S.C. 286f; 22 U.S.C. 3103; EO 10033; 31 CFR 128) and are designed to 
collect timely information on international portfolio capital 
movements. Form BL-2 is a monthly report (with a semiannual supplement) 
that covers the U.S. dollar custody liabilities of banks, other 
depository institutions, brokers and dealers, vis-a-vis foreign 
residents. Form BQ-2 is a quarterly report that covers the liabilities 
to and claims on foreigners of banks, brokers and dealers, and the 
custody claims on foreigners of banks, brokers and dealers, that are 
denominated in foreign currencies. This information is necessary for 
compiling

[[Page 57929]]

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 either 
form are proposed at this time.
    Type of Review: Extensions.
    Affected Public: Business or other for-profit.
Form BL-2/BL-2(SA) (1505-0018)
    Estimated Number of Respondents: 125.
    Estimated Average Time per Respondent: Five (5) hours per 
respondent per filing.
    Estimated Total Annual Burden Hours: 7,500 hours, based on twelve 
reporting periods per year.
Form BQ-2 (1505-0020)
    Estimated Number of Respondents: 200.
    Estimated Average Time per Respondent: Four (4) hours per 
respondent per filing.
    Estimated Total Annual Burden Hours: 3,200 hours, based on four 
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 Forms BL-2/BL-2(SA) and BQ-2 are 
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.

    Dated: October 21, 1999.
Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. 99-27994 Filed 10-26-99; 8:45 am]
BILLING CODE 4810-25-M