37600 Federal Register / Vol. 65, No. 116 / Thursday, June 15, 2000 / Notices

invited to submit written comments

concerning: whether Form S is

necessary for the proper performanace

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 record

keeping burdens on respondents,

including the use of information

technologies to automate the collection

of the data; and estimates of capital or

startup costs of operation, maintenance,

and purchases of services to provide

information.

Dwight Wolkow,

Administrator, International Portfolio

Investment System

[FR Doc. 00–15063 Filed 6–14–00; 8:45 am]

BILLING CODE 4810–25–M

DEPARTMENT OF THE TREASURY

Departmental Offices: Proposed

Collections; Comment Requests

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 two

information collections that are 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 BC/BC(SA), Reporting

Bank’s Own Claims, and Selected

Claims of Broker or Dealer, on

Foreigners, Denominated in Dollars; and

Treasury International Capital Form BL–

1/BL–1(SA), Reporting Bank’s Own

Liabilities, and Selected Liabilities of

Broker or Dealer, to Foreigners,

Denominated 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,

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 forms

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:

Titles: Treasury International Capital

Form BC/BC(SA), Reporting Bank’s

Own Claims, and Selected Claims of

Broker or Dealer, on Foreigners,

Denominated in Dollars; and Treasury

Capital Form BL–1/BL–1(SA), Reporting

Bank’s Own Liabilities, and Selected

Liabilities of Broker or Dealer, to

Foreigners, Denominated in Dollars.

OMB Control Numbers: 1505–0017

and 1505–0019.

Abstracts: Forms BC/BC(SA) and BL–

1/BL–1(SA) 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. Form BC is a monthly

report (with a semiannual supplement)

that covers own U.S. dollar claims of

banks, other depository institutions,

brokers and dealers vis-a-vis foreign

residents. Form BL–1 is a monthly

report (with a semiannual supplement)

that covers own U.S. dollar liabilities of

banks, other depository institutions,

brokers and dealers 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 reporting positions will be

raised from $15 million at end-month;

institutions will be exempt from

reporting if they had both; (1) less than

$50 million at end-month to report; and

(2) they had less than $25 million at

end-million 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 the forms

to report total IBF assets and total IBF

liabilities 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)

One memorandum column and one

memorandum row will be added to the

BC/BC(SA) and BL–1/BL–1(SA) forms to

collect the dollar amount of positions

collateralized through repurchase or

reverse repurchase agreements

(‘‘repos’’). The forms will be redesigned

so they 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 or other forprofit organizations.

Form BC/BC(SA) (1505–0017).

Estimated Number of Respondents:

355 (semiannual 110).

Estimated Average Time per

Respondent: Eight (8) hours per

respondent per filing.

Estimated Total Annual Burden

Hours: 35,840 hours, based on 12

reporting periods per year.

Form BL–1/BL–1(SA) (1505–0019).

Estimated Number of Respondents:

415 (semiannual 175).

Estimated Average Time per

Respondent: Eight (8) hours per

respondent per filing.

Estimated Total Annual Burden

Hours: 42,640 hours, based on 12

reporting periods per year.

Request for Comments

Comments submitted in response to

this notice will be summarized and/or

included in the requests for OMB

approval. All comments will become a

matter of public record. The public is

invited to submit written comments

concerning: whether Forms BC/BC(Sa)

and BL–1/BL–1(SA) all 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 enhanced the quality,

usefulness, and clarity of the

information to be collected; 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 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. 00–15064 Filed 6–14–00; 8:45 am]

BILLING CODE 4810–25–M