[Federal Register Volume 65, Number 116 (Thursday, June 15, 2000)]
[Notices]
[Pages 37601-37602]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-15066]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Departmental Offices; Proposed Collection; Comment Request

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

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 revision approval by the Office of Management and Budget. The 
Office of Program Services within the Department of the Treasury is 
soliciting comments concerning Treasury International Capital Form BQ-
1, Part 1: Reporting Bank's Own Claims, and Selected Claims of Broker 
or Dealer, on Foreigners; and Part 2: Domestic Customers' Claims on 
Foreigners Held by Reporting Bank, Broker or Dealer, Payable in 
Dollars.

DATES: Written comments should be received on or before August 14, 2000 
to be assured of consideration.

ADDRESSES: Direct all written comments to Dwight Wolkow, Administrator, 
Treasury International Portfolio Investment Data Systems, Department of 
the Treasury, Room 5205 MT, 1500 Pennsylvania Avenue NW., Washington, 
DC 20220.

FOR FURTHER INFORMATION CONTACT: Copies of the proposed revised form 
and instructions are available at the Related Links section of 
Treasury's TIC Capital Movements website: http://www.ustreas.gov/tic/. 
Requests for additional information should be directed to Dwight 
Wolkow, Administrator, International Portfolio Investment Data Systems, 
Department of the Treasury, Room 5205 MT, 1500 Pennsylvania Avenue NW., 
Washington, DC 20220, phone (202) 622-1276, FAX (202) 622-7448.

SUPPLEMENTARY INFORMATION:
    Title: Treasury International Capital Form BQ-1. Part 1: Reporting 
Bank's Own Claims, and Selected Claims of Broker or Dealer, on 
Foreigners; Part 2: Domestic Customers' Claims on Foreigners Held by 
Reporting Bank, Broker or Dealer, Payable in Dollars. OMB Control 
Number: 1505-0016

[[Page 37602]]

    Abstract: Form BQ-1 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. This 
quarterly report covers the U.S. dollar claims of banks, other 
depository institutions, brokers and dealers, and of their domestic 
customers vis-a-vis foreign residents. This information is necessary 
for compiling the U.S. balance of payments accounts, for calculating 
the U.S. international investment position, and for formulating U.S. 
international financial and monetary policies.
    Current Actions: (a) The exemption level for Part 2 for reporting 
positions will be raised from $15 million at end-quarter; institutions 
will be exempt from reporting if they had both: (1) Less than $50 
million at end-quarter to report; and (2) they had less than $25 
million at end-quarter to report vis-a-vis all counterparties in any 
one country; (b) there will be a reduction in the reporting of 
International Banking Facilities (IBFs) so that banking organizations 
will report on a consolidated basis. An addendum row will be added to 
the bottom of Part 1 of the form to report total IBF assets by sector/
instrument; (c) the geographic detail will increase slightly by adding 
lines for Luxembourg, the combined Channel Islands & Isle of Man, New 
Zealand, the Caribbean region, and the European Central Bank. The 
British West Indies line will be replaced with a Cayman Islands line; 
(d) the form will be redesigned so it will be available for downloading 
from the TIC web site. These changes will be effective as of January 
31, 2001.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business of other for-profit organizations.

Form BQ-1 (1505-0016)

    Estimated Number of Respondents: 340.
    Estimated Average Time per Respondent: Four (4) hours per 
respondent per filing.
    Estimated Total Annual Burden Hours: 5,440 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 OMB approval. All comments will 
become a matter of public record. The public is invited to submit 
written comments concerning: Whether Form BQ-1 is necessary for the 
proper performance of the functions of the Office, including whether 
the information collected has practical uses; the accuracy of the above 
burden estimates; ways to enhance the quality, usefulness, and clarity 
of the information to be collected; ways to minimize the reporting and/
or recordkeeping burdens on respondents, including the use of 
information technologies to automate the collection of the data; and 
estimates of capital or start-up costs of operation, maintenance, and 
purchases of services to provide information.

Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. 00-15066 Filed 6-14-00; 8:45 am]
BILLING CODE 4810-25-M