[Federal Register Volume 65, Number 116 (Thursday, June 15, 2000)]
[Notices]
[Page 37601]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-15065]



[[Page 37601]]

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DEPARTMENT OF THE TREASURY


Department 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 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 BL-
2/BL-2(SA), Custody Liabilities of Reporting Banks, Brokers and Dealers 
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 form 
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 BL-2/BL-2(SA), Custody 
Liabilities of Reporting Banks, Brokers and Dealers to Foreigners, 
Denominated in Dollars.
    OMB Control Number: 1505-0018.
    Abstract: Form BL-2/BL-2(SA) 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; E.O. 10033; 31 CFR part 128), and is 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. 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-month to report vis-a-vis all counterparties in any one country; 
(b) 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; (c) Columns 
will be added on the BL-2 form for the reporting of short-term U.S. 
Government agency securities by sector of counterparty. The form will 
be redesigned so it will be available for downloading from the TIC web 
site. These changes will be effective as of January 31, 20001.
    Type of Review : Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Form BL-2/BL-2(SA) (1505-0018).
    Estimated Number of Respondents: 110 (semiannual 30).
    Estimated Average Time per Respondent: Five and one/half (5.5) 
hours per respondent per filing.
    Estimated Total Annual Burden Hours: 7,590 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 requests for OMB approval. All comments will 
become a matter of public record. The public is invited to submit 
written comments concerning: Whether BL-2/BL-2(SA) 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. 00-15065 Filed 6-14-00; 8:45 am]
BILLING CODE 4810-25-M