[Federal Register Volume 65, Number 210 (Monday, October 30, 2000)]
[Notices]
[Page 64743]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-27709]


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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 International Financial Analysis within the Department of 
the Treasury is soliciting comments concerning Treasury International 
Capital Form BL-3, Intermediary's Notification of Foreign Borrowing 
Denominated in Dollars; and Treasury International Capital Form CM, 
Dollar Deposit and Certificate of Deposit Claims on Banks Abroad.

DATES: Written comments should be received on or before December 29, 
2000, to be assured of consideration.

ADDRESSES: Direct all written comments to Dwight Wolkow, Administrator, 
International Portfolio Investment Data Reporting 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, Ph: (202) 622-1276, Fax (202) 622-7448.

SUPPLEMENTARY INFORMATION: Titles: Treasury International Capital Form 
BL-3, Intermediary's Notification of Foreign Borrowing Denominated in 
Dollars; and Treasury International Capital Form CM, Dollar Deposit and 
Certificate of Deposit Claims on Banks Abroad.
    OMB Numbers: 1505-0088 and 1505-0023.
    Abstracts: Forms BL-3 and CM 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; EO 10033; 31 CFR 128), and are designed to 
collect timely information on international portfolio capital 
movements. Form BL-3 is a monthly report used to strengthen compliance 
with existing TIC reporting requirements, whereby a U.S. bank advises 
its domestic nonbank customers of their responsibilities to report as 
liabilities on TIC Form CQ-1 their loans from foreigners that the bank 
will not include among its reportable custody liabilities to foreigners 
on TIC Form BL-2. Form CM is a monthly report whereby nonbanking 
enterprises in the U.S. report their total dollar deposit and 
certificate of deposit claims on foreign banks. 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 either 
form are proposed at this time.
    Type of Review: Extensions.
    Affected Public: Business or other for-profit organizations.
    Form BL-3 (1505-0088).
    Estimated Number of Respondents: 25.
    Estimated Average Time per Respondent: 30 minutes per respondent 
per filing.
    Estimated Total Annual Burden Hours: 150 hours, based on twelve 
reporting periods per year.
    Form CM (1505-0023).
    Estimated Number of Respondents: 55
    Estimated Average Time per Respondent: 30 minutes per respondent 
per filing.
    Estimated Total Annual Burden Hours: 330 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 Forms BL-3 and CM 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.

Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. 00-27709 Filed 10-27-00; 8:45 am]
BILLING CODE 4810-25-M