[Federal Register Volume 87, Number 21 (Tuesday, February 1, 2022)]
[Notices]
[Pages 5557-5558]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-01981]


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DEPARTMENT OF THE TREASURY


Proposed Collection; Comment Request

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 renewed approval by the Office of Management and Budget. The 
Office of International Affairs within the Department of the Treasury 
is soliciting comments concerning recordkeeping requirements associated 
with Reporting of International Capital and Foreign Currency 
Transactions and Positions.

DATES: Written comments should be received on or before April 4, 2022 
to be assured of consideration.

ADDRESSES: Direct all written comments on international capital 
transactions and positions to: Dwight Wolkow, International Portfolio 
Investment Data Systems, Department of the Treasury, Room 1050, 1500 
Pennsylvania Avenue NW, Washington, DC 20220. In view of possible 
delays in mail delivery, please also notify Mr. Wolkow by email 
([email protected]), or by telephone (cell: 202-923-0518).
    Direct all written comments on foreign currency transactions and 
positions to: Christopher O'Brien, Department of the Treasury, Room 
1328, 1500 Pennsylvania Avenue NW,

[[Page 5558]]

Washington, DC 20220. In view of possible delays in mail delivery, 
please also notify Mr. O'Brien by email 
(Christopher.O'[email protected]), or by telephone (202-622-2423).

FOR FURTHER INFORMATION CONTACT: Requests for additional information on 
international capital transactions and positions should be directed to 
Mr. Wolkow, cell: 202-923-0518. Requests for additional information on 
foreign currency transactions and positions should be directed to Mr. 
O'Brien, 202-622-2423.

SUPPLEMENTARY INFORMATION: 
    Title: 31 CFR part 128, Reporting of International Capital and 
Foreign Currency Transactions and Positions.
    OMB Control Number: 1505-0149.
    Abstract: 31 CFR part 128 establishes general guidelines for 
reporting on United States claims on and liabilities to foreigners; on 
transactions in securities with foreigners; and on the monetary 
reserves of the United States as provided for by the International 
Investment and Trade in Services Survey Act and the Bretton Woods 
Agreements Act. In addition, 31 CFR part 128 establishes general 
guidelines for reporting on the nature and source of foreign currency 
transactions of large U.S. business enterprises and their foreign 
affiliates. This regulation includes a recordkeeping requirement, Sec.  
128.5, which is necessary to enable the Office of International Affairs 
to verify reported information and to secure additional information 
concerning reported information as may be necessary. The recordkeepers 
are U.S. persons required to file reports covered by these regulations.
    Current Actions: No changes to recordkeeping requirements are 
proposed at this time.
    Type of Review: Extension of a currently approved data collection.
    Affected Public: Business or other for-profit organizations.
    The forms prescribed by the Secretary and covered by this 
regulation, Sec.  128.1(c), are Treasury International Capital (TIC) 
Forms BC, BL-1, BL-2, BQ-1, BQ-2, BQ-3 (all 6 Bs, 1505-0016), CQ-1, CQ-
2 (both Cs,1505-0024), D (1505-0199), S (1505-0001), SLT (1505-0235) 
and Treasury Foreign Currency Forms FC-1, FC-2, and FC-3 (all 3 FCs, 
1505-0010).
    Estimated Number of Recordkeepers: 2,063.
    Estimated Average Time per Respondent: One-third hour per 
respondent per filing.
    Estimated Total Annual Burden Hours: 6,993 hours, based on 20,980 
filings 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 the recordkeeping requirements in 31 CFR part 
128.5 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.
Christopher O'Brien,
Economic Research Analyst.
[FR Doc. 2022-01981 Filed 1-31-22; 8:45 am]
BILLING CODE 4810-AK-P