[Federal Register Volume 68, Number 39 (Thursday, February 27, 2003)]
[Notices]
[Page 9114]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-4575]


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DEPARTMENT OF THE TREASURY


Termination of Two Collections

AGENCY: Departmental Offices, Department of the Treasury.

ACTION: Notice of termination of reporting requirements; instructions.

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SUMMARY: By this notice, the Department of the Treasury is informing 
the public that it will eliminate the following two forms: (1) Treasury 
International Capital Form BL-3 (OMB control number 1505-0088), 
Intermediary's Notification of Foreign Borrowing Denominated in 
Dollars, after respondents submit their final BL-3 reports as of end-
January 2003; and (2) Treasury International Capital Form CM (OMB 
control number 1505-0023), Dollar Deposit and Certificate of Deposit 
Claims on Banks Abroad, after respondents submit their final CM reports 
as of end-January 2003. Upcoming revisions to other Treasury 
International Capital forms obviate the need to continue these two 
forms. This notice constitutes legal notification to all United States 
persons (defined below) who meet the reporting requirements for the two 
forms.

ADDRESSES: Direct all written comments to Dwight Wolkow, International 
Portfolio Investment Data Systems, Department of the Treasury, Room 
4410-1440NYA, 1500 Pennsylvania Avenue, NW., Washington, DC 20220. In 
view of possible delays in mail delivery, please also notify Mr. Wolkow 
by email ([email protected]), FAX (202-622-1207) or telephone 
(202-622-1276).
    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.
    What to Do: Respondents should (a) cease filing new BL-3 and CM 
reports after submitting their BL-3 and CM reports as of end-January 
2003; and (b) maintain their records of BL-3 and CM reports until March 
31, 2006. Those requirements are based on respondents' obligations: (i) 
To respond to inquiries from Federal Reserve Bank staffs about 
submitted reports (see Instructions for TIC Banking Forms, general 
instructions section, part L; and Instructions for TIC Nonbanking 
Forms, general instructions section, part R); and (ii) to maintain 
records of their BL-3 and CM reports for three years after submitting 
them to the appropriate Federal Reserve Banks (31 CFR part 128.5).
    Questions: Direct any questions to the TIC reports staff of the 
Federal Reserve Bank(s) to which your BL-3 and CM reports are sent; or 
to Mr. Wolkow.

Dwight Wolkow,
Administrator, International Portfolio Investment Data Reporting 
Systems.
[FR Doc. 03-4575 Filed 2-26-03; 8:45 am]
BILLING CODE 4810-25-P