[Federal Register Volume 65, Number 116 (Thursday, June 15, 2000)]
[Notices]
[Page 37600]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-15064]


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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 revision 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 BC/
BC(SA), Reporting Bank's Own Claims, and Selected Claims of Broker or 
Dealer, on Foreigners, Denominated in Dollars; and Treasury 
International Capital Form BL-1/BL-1(SA), Reporting Bank's Own 
Liabilities, and Selected Liabilities of Broker or Dealer, to 
Foreigners, Denominated in Dollars.

DATES: Written comments should be received on or before August 14, 2000 
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: Copies of the proposed revised forms 
and instructions are available at the Related Links section of 
Treasury's TIC Capital Movements website: http://www/ustreas.gov/tic/. 
Requests for additional information 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, phone (202) 622-1276, FAX (202) 622-7448.

SUPPLEMENTARY INFORMATION:
    Titles: Treasury International Capital Form BC/BC(SA), Reporting 
Bank's Own Claims, and Selected Claims of Broker or Dealer, on 
Foreigners, Denominated in Dollars; and Treasury Capital Form BL-1/BL-
1(SA), Reporting Bank's Own Liabilities, and Selected Liabilities of 
Broker or Dealer, to Foreigners, Denominated in Dollars.
    OMB Control Numbers: 1505-0017 and 1505-0019.
    Abstracts: Forms BC/BC(SA) and BL-1/BL-1(SA) are part of the 
Treasury International Capital (TIC) reporting system, which is 
required by law (22 U.S.C. 286f; 22 U.S.C. 3103; E.O. 10033; 31 CFR 
part 128), and is designed to collect timely information on 
international portfolio capital movements. Form BC is a monthly report 
(with a semiannual supplement) that covers own U.S. dollar claims of 
banks, other depository institutions, brokers and dealers vis-a-vis 
foreign residents. Form BL-1 is a monthly report (with a semiannual 
supplement) that covers own U.S. dollar liabilities of banks, other 
depository institutions, brokers and dealers 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 formulating U.S. international financial and monetary 
policies.
    Current Actions: (a) The exemption level for reporting positions 
will be raised from $15 million at end-month; institutions will be 
exempt from reporting if they had both; (1) less than $50 million at 
end-month to report; and (2) they had less than $25 million at end-
million to report vis-a-vis all counterparties in any one country; (b) 
There will be a reduction in the reporting of International Banking 
Facilities (IBFs) so that banking organizations will report on a 
consolidated basis. An addendum row will be added to the bottom of the 
forms to report total IBF assets and total IBF liabilities by sector/
instrument; (c) The geographic detail will increase slightly by adding 
lines for Luxembourg, the combined Channel Islands & Isle of Man, New 
Zealand, the Caribbean region, and the European Central Bank. The 
British West Indies line will be replaced with a Cayman Islands line; 
(d) One memorandum column and one memorandum row will be added to the 
BC/BC(SA) and BL-1/BL-1(SA) forms to collect the dollar amount of 
positions collateralized through repurchase or reverse repurchase 
agreements (``repos''). The forms will be redesigned so they will be 
available for downloading from the TIC web site. These changes will be 
effective as of January 31, 2001.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Form BC/BC(SA) (1505-0017).
    Estimated Number of Respondents: 355 (semiannual 110).
    Estimated Average Time per Respondent: Eight (8) hours per 
respondent per filing.
    Estimated Total Annual Burden Hours: 35,840 hours, based on 12 
reporting periods per year.
    Form BL-1/BL-1(SA) (1505-0019).
    Estimated Number of Respondents: 415 (semiannual 175).
    Estimated Average Time per Respondent: Eight (8) hours per 
respondent per filing.
    Estimated Total Annual Burden Hours: 42,640 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 Forms BC/BC(Sa) and BL-1/BL-1(SA) 
all 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 enhanced 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. 00-15064 Filed 6-14-00; 8:45 am]
BILLING CODE 4810-25-M