[Federal Register Volume 70, Number 142 (Tuesday, July 26, 2005)]
[Notices]
[Page 43210]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-14635]


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DEPARTMENT OF THE TREASURY


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 renewed approval by the Office of Management and Budget. The 
Office of International Affairs within the Department of the Treasury 
is soliciting comments concerning recordkeeping requirements associated 
with Reporting of International Capital and Foreign Currency 
Transactions and Positions--31 CFR part 128.

DATES: Written comments should be received on or before September 26, 
2005 to be assured of consideration.

ADDRESSES: Direct all written comments on international capital 
transactions and positions 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). Direct all written comments on foreign currency transactions and 
positions to: Timothy Dulaney, Department of the Treasury, Room 4109-
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: Requests for additional information on 
international capital transactions and positions should be directed to 
Mr. Wolkow. Requests for additional information on foreign currency 
transactions and positions should be directed to Mr. Dulaney.

SUPPLEMENTARY INFORMATION:
    Title: 31 CFR part 128, Reporting of International Capital and 
Foreign Currency Transactions and Positions.
    OMB Number: 1505-0149.
    Abstract: 31 CFR part 128 establishes general guidelines for 
reporting on United States claims on and liabilities to foreigners; on 
transactions in securities with foreigners; and on the monetary 
reserves of the United States as provided for by the International 
Investment and Trade in Services Survey Act and the Bretton Woods 
Agreements Act. In addition, 31 CFR part 128 establishes general 
guidelines for reporting on the nature and source of foreign currency 
transactions of large U.S. business enterprises and their foreign 
affiliates. This regulation includes a recordkeeping requirement, Sec.  
128.5, which is necessary to enable the Office of International Affairs 
to verify reported information and to secure additional information 
concerning reported information as may be necessary. The recordkeepers 
are U.S. persons required to file reports covered by these regulations.
    Current Actions: No changes to recordkeeping requirements are 
proposed at this time.
    Type of Review: Extension.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Recordkeepers: 2,000.
    Estimated Average Time per Respondent: 3 hours per respondent per 
filing.
    Estimated Total Annual Burden Hours: 6,000 hours, based on one 
response 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 the recordkeeping requirements in 31 CFR 128.5 
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 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.

Timothy D. Dulaney,
Director, IMO.
Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. 05-14635 Filed 7-25-05; 8:45 am]
BILLING CODE 4810-25-P