[Federal Register Volume 85, Number 20 (Thursday, January 30, 2020)]
[Notices]
[Pages 5552-5553]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-01600]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Treasury International Capital (TIC) Forms BC, 
BL-1, BL-2, BQ-1, BQ-2, and BQ-3

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before March 2, 2020 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
Treasury, New Executive Office Building, Room 10235, Washington, DC 
20503, or email at [email protected] and (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW, Suite 8100, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Spencer W. Clark by emailing [email protected], calling 
(202) 927-5331, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 

Departmental Offices (DO)

    Title: Treasury International Capital (TIC) Forms BC, BL-1, BL-2, 
BQ-1, BQ-2, and BQ-3.
    OMB Control Number: 1505-0016.
    Type of Review: Revision of a currently approved collection.
    Description: These Treasury International Capital (TIC) B forms are 
required by law and are designed to collect timely and readily 
available information on cross-border claims and liabilities of U.S. 
banks, other financial institutions, and their domestic customers. 
These reports are required by E.O. Number 10033 of February 8, 1949 and 
implementing Treasury Regulations (31 CFR 128), the International 
Investment and Trade in Services Survey Act (22. U.S.C. 3103), and the 
Bretton Woods Agreements Act (Sec. 8(a) 59 Stat. 515; 22 U.S.C. 286f).
    The TIC B forms comprise the following six forms:
    (1) Form BC (monthly), ``Report of U.S. Dollar Claims of Financial 
Institutions on Foreign Residents'', is filed by banks, other 
depository institutions, bank holding companies, financial holding 
companies, securities

[[Page 5553]]

brokers and dealers, and all other financial institutions in the United 
States to report their own portfolio claims (exclusive of long-term 
securities) on foreign residents.
    (2) Form BL-1 (monthly), ``Report of U.S. Dollar Liabilities of 
Financial Institutions to Foreign Residents'', is filed by banks, other 
depository institutions, bank holding companies, financial holding 
companies, securities brokers and dealers, and all other financial 
institutions in the United States to report their own portfolio 
liabilities (exclusive of long-term securities) to foreign residents.
    (3) Form BL-2 (monthly), ``Report of Customers' U.S. Dollar 
Liabilities to Foreign Residents'', is filed by banks, other depository 
institutions, bank holding companies, financial holding companies, 
securities brokers and dealers, and all other financial institutions in 
the United States to report the U.S. dollar liabilities (exclusive of 
long-term securities) of their domestic customers.
    (4) Form BQ-1 (quarterly), ``Report of Customers' U.S. Dollar 
Claims on Foreign Residents'', is filed by banks, other depository 
institutions, bank holding companies, financial holding companies, 
securities brokers and dealers, and all other financial institutions in 
the United States to report their own and their domestic customers' 
portfolio claims (exclusive of long-term securities) on foreign 
residents.
    (5) BQ-2 (quarterly), ``Part 1--Report of Foreign Currency 
Liabilities and Claims of Financial Institutions and of their Domestic 
Customers' Foreign Currency Claims with Foreign Residents; Part 2--
Report of Customers' Foreign Currency Liabilities to Foreign 
Residents'', is filed by banks, other depository institutions, bank 
holding companies, financial holding companies, securities brokers and 
dealers, and all other financial institutions in the United States to 
report their own liabilities and claims (exclusive of long-term 
securities), and liabilities and claims (exclusive of long-term 
securities) of their domestic customers, denominated in foreign 
currencies.
    (6) Form BQ-3 (quarterly), ``Report of Maturities of Selected 
Liabilities and Claims of Financial Institutions with Foreign 
Residents'', is filed by banks, other depository institutions, bank 
holding companies, financial holding companies, brokers and dealers, 
and all other financial institutions in the United States to report the 
maturities of selected liabilities and claims with foreign residents 
denominated in U.S. dollars or in foreign currencies.
    These forms have previously been cleared individually under OMB 
Control Numbers 1505-0017, 1505-0018, 1505-0019, 1505-0020 and 1505-
0189. With this submission, all TIC B forms will now be consolidated 
under OMB Control Number 1505-0016.
    Form: BC, BL-1, BL-2, BQ-1, BQ-2, and BQ-3.
    Affected Public: Businesses or other for-profits.

                                                Estimated Burden
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                                                      Number
              Form                    Number       responses per   Total annual      Hours per     Total burden
                                    respondents     respondent       responses       response         (hours)
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BC..............................             350              12           4,200           11.16          46,863
BL-1............................             352              12           4,224            7.75          32,746
BL-2............................             100              12           1,200            8.99          10,789
BQ-1............................              80               4             320            3.92           1,254
BQ-2............................             193               4             772            7.83           6,044
BQ-3............................             143               4             572           10.50           6,006
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    Total.......................           1,218            4-12          11,288            9.19         103,702
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    Authority: 44 U.S.C. 3501 et seq.

    Dated: January 24, 2020.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2020-01600 Filed 1-29-20; 8:45 am]
 BILLING CODE 4810-25-P