[Federal Register Volume 67, Number 102 (Tuesday, May 28, 2002)]
[Notices]
[Page 36956]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-13205]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Departmental Offices; Proposed Collection; Comment Request

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

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 Program Services and the Market Room within the Department of 
the Treasury are soliciting comments concerning recordkeeping 
requirements associated with Reporting of International Capital and 
Foreign Currency Transactions and Positions--31 CFR part 128.

DATES: Written comments should be received on or before July 29, 2002 
to be assured of consideration.

ADDRESSES: Direct all written comments on international capital 
transactions and positions to: Department of the Treasury, ATTN: Dwight 
Wolkow, IP Room 4410 NY, 1500 Pennsylvania Avenue NW., Washington DC 
20220. In view of delays in mail delivery due to recent events, please 
also notify Mr. Wolkow by email ([email protected]), FAX (202-
622-1207) or telephone (202-622-1276).
    Direct all written comments on foreign currency transactions and 
positions to: Department of the Treasury, ATTN: Lois Quinn, Room 2405, 
1500 Pennsylvania Avenue NW., Washington DC 20220. In view of delays in 
mail delivery due to recent events, please also notify Ms. Quinn by 
email ([email protected]), FAX (202-622-2021) or telephone (202-
622-9122).

FOR FURTHER INFORMATION CONTACT: Requests for additional information on 
international capital transactions and positions should be directed to 
Mr. Wolkow. Requests for additional information on foreign currency 
transactions and positions should be directed to Ms. Quinn.

SUPPLEMENTARY INFORMATION: Title: 31 CFR part 128, Reporting of 
International Capital and Foreign Currency Transactions and Positions.
    OMB Number: 1505-0149.
    Abstract: 31 CFR part 128 establishes general guidelines for 
reporting on United States claims on and liabilities to foreigners; on 
transactions in securities with foreigners; and on the monetary 
reserves of the United States as provided for by the International 
Investment and Trade in Services Survey Act and the Bretton Woods 
Agreements Act. In addition, 31 CFR part 128 establishes general 
guidelines for reporting on the nature and source of foreign currency 
transactions of large U.S. business enterprises and their foreign 
affiliates. This regulation includes a recordkeeping requirement, 
[sect] 128.5, which is necessary to enable the Office of Program 
Services and the Office of Foreign Exchange Operations to verify 
reported information and to secure additional information concerning 
reported information as may be necessary. The recordkeepers are U.S. 
persons required to file reports covered by these regulations.
    Current Actions: No changes to recordkeeping requirements are 
proposed at this time.
    Type of Review: Extension.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 2,000.
    Estimated Average Time per Respondent: 3 hours per respondent per 
filing.
    Estimated Total Annual Burden Hours: 6,000 hours, based on one 
response per year.

Request for Comments

    Comments submitted in response to this notice will be summarized 
and/or included in the request for Office of Management and Budget 
approval. All comments will become a matter of public record. The 
public is invited to submit written comments concerning: whether 31 CFR 
128.5 is necessary for the proper performance of the functions of the 
Offices, 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.

Timothy D. Dulaney,
Director, Market Room.
Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. 02-13205 Filed 5-24-02; 8:45 am]
BILLING CODE 4810-25-P