[Federal Register Volume 73, Number 156 (Tuesday, August 12, 2008)]
[Notices]
[Pages 46979-46980]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-18537]


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DEPARTMENT OF THE TREASURY


Departmental Offices; Proposed Collections; Comment Requests

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 revisions of two information 
collections that are proposed for 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 (TIC) Form BC, Report of U.S. Dollar Claims of 
Depository Institutions, Brokers, and Dealers on Foreigners; and 
Treasury International Capital (TIC) Form BL-1, Report of U.S. Dollar 
Liabilities of Depository Institutions, Brokers, and Dealers to 
Foreigners.

DATES: Written comments should be received on or before October 14, 
2008 to be assured of consideration.

ADDRESSES: Direct all written comments to Dwight Wolkow, International 
Portfolio Investment Data Systems, Department of the Treasury, Room 
5422, 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 (202-622-2009) 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: Titles: Treasury International Capital Form 
BC, Report of U.S. Dollar Claims of Depository Institutions, Brokers, 
and Dealers on Foreigners; and Treasury Capital Form BL-1, Report of 
U.S. Dollar Liabilities of Depository Institutions, Brokers, and 
Dealers to Foreigners.
    OMB Control Numbers: 1505-0017 and 1505-0019.
    Abstracts: Forms BC and BL-1 are 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) for the purpose of 
providing timely information on international portfolio capital 
movements. Form BC is a monthly report that covers own U.S. dollar 
claims of banks, other depository institutions, brokers and dealers 
vis-a-vis foreign residents. Form BL-1 is a monthly report that covers 
own U.S. dollar liabilities of banks, other depository institutions, 
brokers and dealers vis-a-vis foreign residents. This information is 
necessary for compiling the U.S. balance of payments accounts and the 
U.S. international investment position, and for formulating U.S. 
international financial and monetary policies.
    Current Actions: None. We expect to make some clarifications in the 
instructions.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Form BC (1505-0017).
    Estimated Number of Respondents: 283.
    Estimated Average Time per Respondent: Ten hours per respondent per 
filing. This average time varies from 18 hours for the approximately 30 
major

[[Page 46980]]

reporters to 9 hours for the other reporters.
    Estimated Total Annual Burden Hours: 33,800 hours, based on 12 
reporting periods per year.
    Form BL-1 (1505-0019).
    Estimated Number of Respondents: 349.
    Estimated Average Time per Respondent: Seven and one-tenth (7.1) 
hours per respondent per filing. This average time varies from 13 hours 
for the approximately 30 major reporters to 6.5 hours for the other 
reporters.
    Estimated Total Annual Burden Hours: 29,560 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 Forms BC and BL-1 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 recordkeeping 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. E8-18537 Filed 8-11-08; 8:45 am]
BILLING CODE 4810-25-P