[Federal Register Volume 68, Number 167 (Thursday, August 28, 2003)]
[Notices]
[Page 51829]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-21989]


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DEPARTMENT OF THE TREASURY


Departmental Offices; Proposed Collection; Comment 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 Monetary and Financial Policy within the 
Department of the Treasury is soliciting comments concerning Extension 
of Foreign Currency Form FC-1 (OMB No. 1505-0012) Weekly Consolidated 
Foreign Currency Report of Major Market Participants, Form FC-2 (OMB 
No. 1505-0010) Monthly Consolidated Foreign Currency Report of Major 
Market Participants, and Form FC-3 (OMB No. 1505-0014) Quarterly 
Consolidated Foreign Currency Report. The reports are mandatory.

DATES: Written comments should be received on or before October 27, 
2003 to be assured of consideration.

ADDRESSES: Direct all written comments to Timothy D. DuLaney, Office of 
International Monetary and Financial Policy, Department of the 
Treasury, Room 4423-1440NYA, 1500 Pennsylvania Avenue NW., Washington 
DC 20220. In view of possible delays in mail delivery, please also 
notify Mr. DuLaney by e-mail ([email protected]), FAX (202-622-
2021) or telephone (202-622-2052).

FOR FURTHER INFORMATION CONTACT: Copies of the proposed forms and 
instructions are available on the Federal Reserve Bank of New York's 
website, in the U.S. Department of the Treasury section of the webpage 
for Regulatory Reports Forms and Instructions at: http://www.ny.frb.org/bankinfo/regrept/regrept.html. Requests for additional 
information should be directed to Mr. DuLaney.

SUPPLEMENTARY INFORMATION:
    Title: Weekly Consolidated Foreign Currency Report of Major Market 
Participants, Foreign Currency Form FC-1.
    OMB Control Number: 1505-0012.
    Title: Monthly Consolidated Foreign Currency Report of Major Market 
Participants, Foreign Currency Form FC-2.
    OMB Control Number: 1505-0010.
    Title: Quarterly Consolidated Foreign Currency Report, Foreign 
Currency Form FC-3.
    OMB Control Number: 1505-0014.
    Abstract: Foreign Currency Forms FC-1, FC-2, and FC-3 are required 
by Pub. L. 93-110 (31 U.S.C. 5315), which directs the Secretary of the 
Treasury to prescribe regulations and reports on foreign currency 
transactions conducted by a United States person or a foreign person 
controlled by a United States person. The regulations governing forms 
FC-1, FC-2, and FC-3 are contained in Title 31 part 128 of the Code of 
Federal Regulations (31 CFR part 128) which were published in the 
Federal Register on November 2, 1993.
    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.
    Estimated Number of Respondents:

Foreign Currency Form FC-1: 21 respondents.
Foreign Currency Form FC-2: 21 respondents.
Foreign Currency Form FC-3: 51 respondents.

    Estimated Average Time Per Respondent:

Foreign Currency Form FC-1: One (1) hour per respondent per response.
Foreign Currency Form FC-2: Four (4) hours per respondent per response.
Foreign Currency Form FC-3: Eight (8) hours per respondent per 
response.

    Estimated Total Annual Burden Hours:

Foreign Currency Form FC-1: 1,092 hours, based on 52 reporting periods 
per years.
Foreign Currency Form FC-2: 1,008 hours, based on 12 reporting periods 
per year.
Foreign Currency Form FC-3: 1,632 hours, based on 4 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 
Foreign Currency Forms FC-1, FC-2, and FC-3 are necessary for the 
proper performance of the functions of the Office, including whether 
the information will have practical uses; (b) the accuracy of the above 
estimates 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.

Timothy D. DuLaney,
Office of International Monetary and Financial Policy, U.S. Department 
of the Treasury.
[FR Doc. 03-21989 Filed 8-27-03; 8:45 am]
BILLING CODE 4810-25-P