[Federal Register Volume 73, Number 156 (Tuesday, August 12, 2008)]
[Notices]
[Pages 46981-46982]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-18540]


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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 an information 
collection 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 Form BQ-2, Part 1: Report of Foreign Currency 
Liabilities to, and Claims on, Foreigners of Depository Institutions, 
Brokers, Dealers, and Their Domestic Customers; Part 2: Report of 
Customers' Foreign Currency Liabilities 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 BQ-2, Part 1: Report of 
Foreign Currency Liabilities to, and Claims on, Foreigners of 
Depository Institutions, Brokers, Dealers, and Their Domestic 
Customers; Part 2: Report of Customers' Foreign Currency Liabilities to 
Foreigners.
    OMB Control Number: 1505-0020.
    Abstract: Form BQ-2 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 BQ-2 is 
a quarterly report that covers the liabilities to and claims on 
foreigners of banks, other depository institutions, brokers and 
dealers, and their customers' claims and liabilities with foreigners, 
where all claims and liabilities are denominated in foreign currencies. 
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 
BQ-2 (1505-0020).
    Estimated Number of Respondents: 135.
    Estimated Average Time per Respondent: Six and seven/tenths (6.7) 
hours per respondent per filing. This average time varies from 11 hours 
for the approximately 30 major reporters to 5.5 hours for the other 
reporters.
    Estimated Total Annual Burden Hours: 3,630 hours, based on four 
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 BQ-2 is 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,

[[Page 46982]]

maintenance and purchase of services to provide information.

Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. E8-18540 Filed 8-11-08; 8:45 am]
BILLING CODE 4810-25-P