[Federal Register Volume 67, Number 48 (Tuesday, March 12, 2002)]
[Notices]
[Page 11165]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-5818]


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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 an information collection that is 
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 Forms CQ-1 and CQ-2, Financial and Commercial Liabilities to, 
and Claims on, Unaffiliated Foreigners.

DATES: Written comments should be received on or before May 13, 2002 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Dwight Wolkow, International 
Portfolio Investment Data Systems, Department of the Treasury, Room 
5457 MT, 1500 Pennsylvania Avenue, NW., Washington, DC 20220. Because 
of slower mail, please also e-mail or FAX or phone directly to Dwight 
Wolkow at the contact points listed in the next paragraph.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the forms and instructions should be directed to Dwight 
Wolkow, International Portfolio Investment Data Systems, Department of 
the Treasury, Room 5457 MT, 1500 Pennsylvania Avenue, NW., Washington, 
DC 20220. Phone: (202) 622-1276. Fax: (202) 622-7448. E-mail: 
[email protected].

SUPPLEMENTARY INFORMATION: OMB Number: 1505-0024.
    Abstract: Forms CQ-1 and CQ-2 are part of the Treasury 
International Capital (TIC) reporting system, which is required by law 
(22 USC 286f; 22 USC 3103; EO 10033; 31 CFR 128), and is designed to 
collect timely information on international portfolio capital 
movements: Forms CQ-1 and CQ-2 are quarterly reports filed by 
nonbanking enterprises in the U.S. to report their international 
portfolio transactions with unaffiliated foreigners. 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 the forms 
are proposed at this time.
    Type of Review: Extension.
    Affected Public: Business or other for-profit organizations.
    Forms: CQ-1 and CQ-2 (1505-0024).
    Estimated Number of Respondents: 500.
    Estimated Average Time per Respondent: 4 hours per respondent per 
filing.
    Estimated Total Annual Burden Hours: 8,000 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 requests for OMB approval. 
All comments will become a matter of public record. The public is 
invited to submit written comments concerning: whether Forms CQ-1 and 
CQ-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.

Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. 02-5818 Filed 3-11-02; 8:45 am]
BILLING CODE 4810-25-M