[Federal Register Volume 67, Number 222 (Monday, November 18, 2002)]
[Notices]
[Pages 69593-69594]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-29121]


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

DEPARTMENT OF THE TREASURY


Office of the Assistant Secretary for International Affairs; 
Treasury International Capital (TIC) Forms BC/BC(SA), BL-1/BL-1(SA), 
BL-2/BL-2(SA), BQ-1, BQ-2, and BQ-3

AGENCY: Departmental Offices, Department of the Treasury.

ACTION: Notice of reporting requirements.

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

SUMMARY: By this Notice, the Department of the Treasury is informing 
the public that it has revised the mandatory data collections conducted 
through reporting on the Treasury International Capital (TIC) B-forms. 
The revisions are effective for all reports beginning with reporting 
periods ending February 28, 2003 and thereafter; until that time, the 
current mandatory TIC B-forms and instructions remain in force. The 
revisions include one new form, BQ-3, revised instructions, and five 
revised forms: BC/BC(SA), BL-1/BL-1(SA), BL-2/BL-2(SA), BQ-1, and BQ-2. 
This Notice constitutes legal notification to all United States 
persons, as defined below, who meet the reporting requirements set 
forth in this Notice that they must respond to, and comply with, these 
data collections. United States persons who meet the reporting 
requirements but who do not receive a set of the revised B-forms and 
instructions should contact the Federal Reserve Bank of New York, 
acting as fiscal agent for the Department of the Treasury, to obtain 
copies. Additional copies of the reporting forms and instructions may 
be printed from the Internet at: http://www.treas.gov/tic/forms.html.
    Definition: A U.S. person is any individual, branch, partnership, 
associated group, association, estate, trust, corporation, or other 
organization (whether or not organized under the laws of any state), 
and any government (including a foreign government, the United States 
Government, a state, provincial, or local government, and any agency, 
corporation, financial institution, or other entity or instrumentality 
thereof, including a government-sponsored agency), who resides in the 
United States or is subject to the jurisdiction of the United States.
    Who must Report: U.S. persons who are (a) depository institutions, 
bank holding companies, financial holding companies, or securities 
brokers and dealers; and (b) whose reportable

[[Page 69594]]

amounts exceed established exemption levels must: Report on Form BC/
BC(SA) if the total of reporter's own dollar claims on all foreigners 
is $50 million or more, or if the total of such claims is $25 million 
or more for any individual country; report on Form BL-1/BL-1(SA) if the 
total of reporter's own dollar liabilities to all foreigners is $50 
million or more, or if the total of such liabilities is $25 million or 
more for any individual country; report on Form BL-2/BL-2(SA) if the 
total of reporter's domestic customers' dollar liabilities to all 
foreigners is $50 million or more, or if the total of such liabilities 
is $25 million or more for any individual country; report on Form BQ-1 
if the total of reporter's domestic customers' dollar claims on all 
foreigners is $50 million or more, or if the total of such claims is 
$25 million or more for any individual country; report on Form BQ-2, 
Part 1 if the total of foreign currency-denominated liabilities and 
claims of reporter and its domestic customers vis-a-vis all foreigners 
is $50 million or more, or the total of such liabilities and claims is 
$25 million or more for any individual country; report on Form BQ-2, 
Part 2 if the total of reporter's domestic customers' foreign currency-
denominated liabilities to all foreigners is $50 million or more; and 
report on Form BQ-3 if the total of the maturities of selected own 
dollar and foreign currency-denominated liabilities of the reporter 
vis-a-vis all foreigners is $4,000 million or more.
    What to Report: These reports collect timely information on 
international portfolio capital movements vis-a-vis foreign countries 
and international and regional organizations as follows: Form BC/BC(SA) 
collects information on reporter's own U.S. dollar claims on 
foreigners; Form BL-1/BL-1(SA) collects information on reporter's own 
U.S. dollar liabilities to foreigners; Form BL-2/BL-2(SA) collects 
information on U.S. dollar liabilities of reporter's domestic customers 
to foreigners; Form BQ-1 collects information on U.S. dollar claims of 
reporter's domestic customers on foreigners; Form BQ-2, Part 1 collects 
information on liabilities and claims of reporter and on claims of 
reporter's domestic customers vis-a-vis foreigners, that are 
denominated in foreign currencies; Form BQ-2, Part 2 collects 
information on foreign currency-denominated liabilities of reporter's 
domestic customers to foreigners; and Form BQ-3 collects information on 
maturities of selected U.S. dollar and foreign currency-denominated 
liabilities of reporter vis-a-vis foreigners.
    How to Report: Copies of the reporting forms and instructions, 
which contain complete information on reporting procedures and 
definitions, can be obtained by contacting the statistics unit of the 
Federal Reserve Bank of New York at (212) 720-8037, email: 
[email protected]. The mailing address is: Federal Reserve 
Bank of New York, Statistics Function, 4th Floor, 33 Liberty Street, 
New York, NY 10045-0001.
    When to Report: Data on the revised TIC B-forms should be submitted 
to the reporter's District Federal Reserve Bank, acting as fiscal agent 
for the Department of the Treasury, beginning with reporting periods as 
of February 28, 2003 and thereafter.
    Paperwork Reduction Act Notice: These data collections have been 
approved by the Office of Management and Budget (OMB) in accordance 
with the Paperwork Reduction Act and assigned control numbers: 1505-
0016 for BQ-1; 1505-0017 for BC/BC(SA); 1505-0018 for BL-2/BL-2(SA), 
1505-0019 for BL-1/BL-1(SA); 1505-0020 for BQ-2; and 1505-0189 for BQ-
3. An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a valid 
control number assigned by OMB.

Dwight Wolkow,
Administrator, International Portfolio Investment Data Reporting 
Systems.
[FR Doc. 02-29121 Filed 11-15-02; 8:45 am]
BILLING CODE 4810-25-P