[Federal Register Volume 79, Number 29 (Wednesday, February 12, 2014)]
[Notices]
[Pages 8539-8540]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-03027]


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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 the revision of an information 
collection that is to be proposed for approval by the Office of 
Management and Budget. The Office of International Affairs of the 
Department of the Treasury is soliciting comments concerning Treasury 
International Capital Form S, Purchases and Sales of Long-Term 
Securities by Foreign Residents. The Current Actions below raise the 
exemption level for reporting.

DATES: Written comments should be received on or before April 14, 2014 
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 
email ([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.treasury.gov/resource-center/data-chart-center/tic/Pages/forms.aspx. Requests for additional information should be directed to 
Mr. Wolkow.

SUPPLEMENTARY INFORMATION:
    Title: Treasury International Capital Form S, Purchases and Sales 
of Long-term Securities by Foreign-Residents.
    OMB Control Number: 1505-0001
    Abstract: Form S 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 part 128), and is designed to collect 
timely information on international portfolio capital movements. Form S 
is a monthly report used to cover transactions in long-term marketable 
securities undertaken directly with foreigners by banks, other 
depository institutions, brokers, dealers, underwriting groups, funds 
and other individuals and institutions. This information is used by the 
U.S. Government in the formulation of international financial and 
monetary policies and for the preparation of the U.S. balance of 
payments accounts and the U.S. international investment position.
    Current Actions: (a) The exemption level for total reportable 
transactions will be raised from $50 million to $350 million. More 
specifically, an institution must file the TIC Form S monthly if the 
consolidated total of all reportable transactions in purchases or sales 
of long-term securities amounts to or exceeds the exemption level 
during the reporting month. (b) The Column-By-Column instructions for 
Columns 3 and 4 of Form S will be changed to be consistent with the 
language found in the glossary for ``United States Government Agency 
securities'', ``Columns 3 and 4--Report purchases (column 3) and sales 
(column 4) by foreign residents of long-term debt securities (bonds, 
notes, debentures and asset-backed securities (mortgage-backed 
securities and all other asset-backed securities)) guaranteed by or are 
the obligations of United States Government corporations or Federally-
Sponsored Agencies. (See glossary entry for United States Government 
Agency securities).'' (c) The glossaries for all Treasury International 
Capital (``TIC'') reports will be consolidated into a single document 
which will provide

[[Page 8540]]

more consistency across the TIC system. As a result, the TIC S 
reporting instructions will not include a glossary but will point to 
the separate consolidated Glossary document on the Treasury Web site; 
(d) The Form S reports may be submitted electronically using the 
Federal Reserve's ``Reporting Central'', which replaces the previous 
Federal Reserve System's Internet Electronic Submission (IESUB) system. 
[Note: some other clarifications may be made in the instructions and 
glossary.] (e) These changes will be effective beginning with the 
reports as of June 30, 2014.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Form: S (1505-0001).
    Estimated Number of Respondents: 188.
    Estimated Average Time per Respondent: Six and three tenth hours 
per respondent per filing. This estimate includes the Current Actions 
proposed above. The estimated average time per respondent varies from 
10.8 hours for the approximately 30 major reporters to 5.4 hours for 
the other reporters.
    Estimated Total Annual Burden Hours: 14,130 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 Form S 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, maintenance and purchase of 
services to provide information.

Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. 2014-03027 Filed 2-11-14; 8:45 am]
BILLING CODE 4810-25-P