[Federal Register Volume 87, Number 169 (Thursday, September 1, 2022)]
[Notices]
[Pages 53828-53829]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-18879]


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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 revisions of a currently approved 
information collection that are 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 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 October 31, 
2022 to be assured of consideration.

ADDRESSES: Direct all written comments to Dwight Wolkow, International

[[Page 53829]]

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 (office: 202-622-
1276; cell: 202-923-0518).

FOR FURTHER INFORMATION CONTACT: Copies of the proposed forms and 
instructions are available on the Treasury's TIC Forms web page, TIC C-
Forms and Instructions [verbar] U.S. Department of the Treasury. 
Requests for additional information should be directed to Mr. Dwight 
Wolkow by email ([email protected]), or by telephone (office: 
202-622-1276; cell: 202-923-0518).

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 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 in the forms or instructions are being 
proposed at this time.
    Type of Review: Revision 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: 135.
    Estimated Average Time per Respondent: Six and seven-tenths (6.7) 
hours per respondent per filing.
    Estimated Total Annual Burden Hours: 3,620 hours, based on four 
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 Reporting 
Systems.
[FR Doc. 2022-18879 Filed 8-31-22; 8:45 am]
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