[Federal Register Volume 66, Number 169 (Thursday, August 30, 2001)]
[Notices]
[Pages 45892-45893]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-21882]


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DEPARTMENT OF THE TREASURY


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 
efforts to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the Market Room within the Department of the 
Treasury is soliciting comments concerning Revisions to Foreign 
Currency Forms FC-1 (OMB No. 1505-0012) Weekly Consolidated Foreign 
Currency Report of Major Market Participants, FC-2 (OMB No. 1505-0010) 
Monthly Consolidated Foreign Currency Report of Major Market 
Participants, and FC-3 (OMB No. 1505-0014) Quarterly Consolidated 
Foreign Currency Report. The reports are mandatory.

DATES: Written comments should be received on or before October 29, 
2001 to be assured of consideration.

ADDRESSES: Direct all written comments to Director, Market Room, 
Department of the Treasury, 1500 Pennsylvania Avenue, NW., Room 2405, 
Washington, DC 20220, Telephone (202) 622-2650.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the forms(s) and instructions should be directed to Director, 
Market Room, Department of the Treasury, 1500 Pennsylvania Avenue NW., 
Room 2405, Washington, DC 20220, Telephone (202) 622-2650, Fax 622-
2021.

SUPPLEMENTARY INFORMATION:
    Title: Weekly Consolidated Foreign Currency Report of Major Market 
Participants, Foreign Currency Form FC-1.
    OMB Number: 1505-0012.
    Title: Monthly Consolidated Foreign Currency Report of Major Market 
Participants, Foreign Currency Form FC-2.
    OMB Number: 1505-0010.

[[Page 45893]]

    Title: Quarterly Consolidated Foreign Currency Report, Foreign 
Currency Form FC-3.
    OMB Number: 1505-0014.
    Abstract: Foreign Currency Forms FC-1, FC-2, and FC-3 are required 
by Public Law 93-110 (31 U.S.C. 5313 and 5321 (a)(3)), which directs 
the Secretary of the Treasury to prescribe regulations reports on 
foreign currency transactions conducted by a United States person or 
foreign person controlled by a United States person. The regulations 
governing forms FC-1, FC-2, and FC-3 are contained in Title 31 part 128 
of the Code of Federal Regulations (31 CFR part 128) which were 
published in the Federal Register on November 2, 1993.
    Current Actions: The proposed revisions in the forms and 
instructions are promoted by the replacement of the Germany mark by the 
hard Euro currency on January 1, 2002.
    Type of Review: Revisions.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents:

    Foreign Currency Form FC-1: 35 respondents
    Foreign Currency Form FC-2: 35 respondents
    Foreign Currency Form FC-3: 66 respondents

    Estimated Time Per Respondent:

    Foreign Currency Form FC-1: One (1) hour per respondent per 
response.
    Foreign Currency Form FC-2: Four (4) hours per respondent per 
response.
    Foreign Currency Form FC-3: Eight (8) hours per respondent per 
response.

    Estimated Total Annual Burden:
    Hours:
    Foreign Currency Form FC-1: 1,820 hours, based on 52 reporting 
periods per years.
    Foreign Currency Form FC-2: 1,680 hours, based on 12 reporting 
period per year.
    Foreign Currency Form FC-3: 2,112 hours, based on 4 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. Comments are invited on: (1) Whether 
Foreign Currency Forms FC-1, FC-2, and FC-3 are necessary for the 
proper performance of the functions of the Department of the Treasury, 
including whether the information has practical uses; (b) the accuracy 
of the agency's estimate of the burden of the collection of 
information; (c) ways to enhance the quality, utility, and clarity of 
the information to be collected; and (d) ways to minimize the burden of 
the collection of information on respondents, including the use of 
automated collection techniques or other forms of information 
technology.

Timothy D. DuLaney,
Director, Market Room, U.S. Department of the Treasury.
[FR Doc. 01-21882 Filed 8-29-01; 8:45 am]
BILLING CODE 4810-25-M