[Federal Register Volume 81, Number 103 (Friday, May 27, 2016)]
[Notices]
[Page 33738]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-12273]


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DEPARTMENT OF THE TREASURY


Proposed Collections; Comment Requests

AGENCY: Departmental Offices; Department of the Treasury.

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 Forms CQ-1 and CQ-2, ``Financial and Commercial 
Liabilities to, and Claims on, Unaffiliated Foreign Residents.''

DATES: Written comments should be received on or before July 26, 2016 
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 Web page for forms, 
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 CQ-1, ``Financial 
Liabilities to, and Claims on, Unaffiliated Foreign Residents;'' and 
Treasury International Capital Form CQ-2, ``Commercial Liabilities to, 
and Claims on, Unaffiliated Foreign Residents.''
    OMB Number: 1505-0024.
    Abstract: Forms CQ-1 and CQ-2 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 part 128), and is 
designed to collect timely information on international portfolio 
capital movements. Forms CQ-1 and CQ-2 are quarterly reports filed by 
non-financial enterprises in the U.S. to report their international 
portfolio transactions with unaffiliated foreign residents. This 
information is necessary for compiling the U.S. balance of payments 
accounts and the U.S. international investment position, and for use in 
formulating U.S. international financial and monetary policies.
    Current Actions: No changes are proposed at this time.
    Type of Review: Extension of a currently approved data collection.
    Affected Public: Business or other for-profit organizations.
    Forms: CQ-1 and CQ-2 (1505-0024).
    Estimated Number of Respondents: 148.
    Estimated Average Time per Respondent: Six and nine-tenths (6.9) 
hours per respondent per filing. This average time varies from 13 hours 
for the approximately 12 major data reporters to 6.5 hours for the 
other reporters.
    Estimated Total Annual Burden Hours: 4,085 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 Forms CQ-1 and CQ-2 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.

Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. 2016-12273 Filed 5-26-16; 8:45 am]
 BILLING CODE 4810-25-P