[Federal Register Volume 67, Number 226 (Friday, November 22, 2002)]
[Notices]
[Page 70479]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-29764]



[[Page 70479]]

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DEPARTMENT OF THE TREASURY


Office of the Assistant Secretary for International Affairs; 
Treasury International Capital (TIC) Forms CQ-1 and CQ-2

AGENCY: Departmental Offices, Department of the Treasury.

ACTION: Notice of reporting requirements.

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SUMMARY: By this Notice, the Department of the Treasury is informing 
the public that it has revised the mandatory data collections on the 
Treasury International Capital (TIC) C-forms. The revisions are 
effective for all reports beginning with reporting periods ending March 
31, 2003 and thereafter; until that time, the current mandatory TIC C-
forms and instructions remain in force. The revisions include revised 
instructions and two revised forms: CQ-1 and CQ-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, this data collection. 
United States persons who meet the reporting requirements but who do 
not receive a set of the revised C-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 (a) who are U.S. residents and are 
not owned 50 percent or more by another U.S.-resident entity but (b) 
who are not depository institutions, bank holding companies, financial 
holding companies, or securities brokers and dealers subject to the 
requirements for filing TIC B reports, must report: on Form CQ-1, Part 
1 if the total of their reportable financial liabilities to foreigners 
(sections A and B) is $50 million or more; on Form CQ-1, Part 2 if the 
total of their reportable financial claims on foreigners (sections A 
and B) is $50 million or more; on Form CQ-2, Part 1 if the total of 
their reportable commercial liabilities to unaffiliated foreigners is 
$25 million or more; on Form CQ-2, Part 2 if the total of their 
reportable commercial claims on unaffiliated foreigners is $25 million 
or more. Provided, however, that insurance underwriting companies that 
are U.S. persons and that are subsidiaries of bank holding companies 
and financial holding companies are subject to the foregoing reporting 
requirements.
    What to Report: These reports collect timely information on 
international portfolio capital movements vis-[agrave]-vis foreign 
countries and international and regional organizations as follows: Form 
CQ-1 collects information on reporter's financial liabilities to, and 
financial claims on, foreign residents; and Form CQ-2 collects 
information on reporter's commercial liabilities to, and commercial 
claims on, unaffiliated foreign residents.
    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, e-mail: 
[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 C-forms should be submitted 
to the Federal Reserve Bank of New York, acting as fiscal agent for the 
Department of the Treasury, beginning with the reporting period as of 
March 31, 2003 and thereafter.
    Paperwork Reduction Act Notice: This data collection has been 
approved by the Office of Management and Budget (OMB) in accordance 
with the Paperwork Reduction Act and assigned control number 1505-0024. 
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. 02-29764 Filed 11-21-02; 8:45 am]
BILLING CODE 4810-25-P