[Federal Register Volume 79, Number 29 (Wednesday, February 12, 2014)]
[Notices]
[Pages 8538-8539]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-03026]


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DEPARTMENT OF THE TREASURY


Proposed Collections; Comment Requests

AGENCY: Departmental Offices; Department of the Treasury.
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 of the Department of the Treasury is 
soliciting comments concerning extension without change of the 
following forms: 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; 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 April 14, 2014 
to be assured of consideration.

ADDRESSES: Direct all written comments to Gregory B. Seel, Markets 
Room, Department of the Treasury, Room 1328, 1500 Pennsylvania Avenue 
NW., Washington, DC 20220. In view of possible delays in mail delivery, 
please also notify Mr. Seel by email ([email protected]), FAX 
(202-622-2021) or telephone (202-622-5078).

[[Page 8539]]


FOR FURTHER INFORMATION CONTACT: Copies of the proposed forms and 
instructions are available on the Federal Reserve Bank of New York's 
Web site, in the section for Banking Reporting Forms and Instructions, 
on the Web pages for the TFC-1, TFC-2 and TFC-3 forms, for example at: 
http://www.ny.frb.org/banking/reportingforms/TFC_1.html. Requests for 
additional information should be directed to Mr. Seel.

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: The filing of Foreign Currency Forms FC-1, FC-2, and FC-3 
is pursuant to (31 U.S.C. 5315, which directs the Secretary of the 
Treasury to prescribe regulations (31 CFR part 128, Subpart C), 
requiring reports on foreign currency transactions conducted by a 
United States person or a foreign person controlled by a United States 
person. The forms collect data on the foreign exchange spot, forward, 
futures, and options markets from all significant market participants.
    Current Actions: None. No changes in the forms or instructions will 
be made.
    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: 22 respondents.
    Foreign Currency Form FC-2: 22 respondents.
    Foreign Currency Form FC-3: 38 respondents.
    Estimated Average Time per Response:
    Foreign Currency Form FC-1: 48 minutes (0.8 hours) per response.
    Foreign Currency Form FC-2: 3 hours 36 minutes (3.6 hours) per 
response.
    Foreign Currency Form FC-3: Eight (8) hours per response.
    Estimated Total Annual Burden Hours:
    Foreign Currency Form FC-1: 915 hours, based on 52 reporting 
periods per years.
    Foreign Currency Form FC-2: 950 hours, based on 12 reporting period 
per year.
    Foreign Currency Form FC-3: 1,216 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.

Gregory B. Seel,
Financial Analyst, Markets Room, U.S. Department of the Treasury.
[FR Doc. 2014-03026 Filed 2-11-14; 8:45 am]
BILLING CODE 4810-25-P