[Federal Register Volume 68, Number 141 (Wednesday, July 23, 2003)]
[Notices]
[Pages 43570-43571]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-18639]


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DEPARTMENT OF THE TREASURY


Departmental Offices; Proposed Collections; Comments Request

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 extension approval by the Office of Management and Budget. The 
Office of International Affairs within the Department of the Treasury 
is soliciting comments concerning Treasury International Capital Form 
S, Purchases and Sales of Long-term Securities by Foreigners.

DATES: Written comments should be received on or before September 22, 
2003 to be assurred of consideration.

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 e-mail ([email protected]), FAX (202-622-1207) or telephone 
(202-622-1276).

FOR FURTHER INFORMATION CONTACT: Copies of the proposed forms and 
instructions are available on the Treasury's TIC Forms Web page, http://www.treas.gov/tic/forms.html. Requests for additional information 
should be directed to Mr. Wolkow.

SUPPLEMENTARY INFORMATION:
    Title: Treasury International Capital Form S, Purchases and Sales 
of Long-term Securities by Foreigners.
    OMB Control Number: 1505-0001.
    Abstract: Form S is part of the Treasury International Capital 
(TIC) reporting system, which is required by law (22 U.S.C. 286f; 22 
U.S.C. 3103; E.O. 10033; 31 CFR 128), and is designed to collect timely 
information on international portfolio capital movements. Form S is a 
monthly report used to cover transactions in long-term marketable 
securities undertaken DIRECTLY with foreigners by banks, other 
depository institutions, brokers, dealers, underwriting groups and 
other individuals and institutions. This information is necessary for 
compiling the U.S. balance of payments accounts, for calculating the 
U.S. international investment position, and for formulating U.S. 
international financial and monetary policies.
    Current Actions: No changes to the current forms and instructions 
are being proposed.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Form S (1505-0001).
    Estimated Number of Respondents: 250.
    Estimated Average Time Per Respondent: about 5.6 hours per 
respondent per filing.
    Estimated Total Annual Burden Hours: 16,800 hours, based on 12 
reporting periods 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: (a) Whether Form S is necessary for the proper performance 
of the functions of the Office, including whether the

[[Page 43571]]

information will have practical uses; (b) the accuracy of the above 
estimate of the burdens; (c) ways to enhance the quality, usefulness 
and clarity of the information to be collected; (d) ways to minimize 
the reporting and/or record keeping burdens on respondents, including 
the use of information technologies to automate the collection of the 
data; and (e) estimates of capital or start-up costs of operation, 
maintenance and purchase of services to provide information.

Dwight Wolkow,
 Administrator, International Portfolio Investment Data Systems.
[FR Doc. 03-18639 Filed 7-22-03; 8:45 am]
BILLING CODE 4810-25-P