[Federal Register Volume 65, Number 116 (Thursday, June 15, 2000)]
[Notices]
[Pages 37599-37600]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-15063]


=======================================================================
-----------------------------------------------------------------------

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 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 S, 
Purchases and Sales of Long-term Securities by Foreigners.

DATES: Written comments should be received on or before August 14, 
2000.

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 proposesd 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 S, Purchases and Sales 
of Long-term Securities by Foreigners.
    OMB Control Number: 1505-0001.
    Abstract: Form S is part of the Treasury International Caiptal 
(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 S 
is a monthly report used to cover transactions in long-term marketable 
securities undertaken directly with foreigners by banks, other 
depositiory institutions, brokers, dealers underwriting groups and 
other individuals and institutions. 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: The exemption level for reporting will be raised 
from $2 million to $50 million in either gross purchases or gross sales 
during a month. 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 Cayman Islands line. 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 or other for-profit organizations.
    Form S (1505-0001.)
    Estimated Number of Respondents: 240.
    Estimated Average Time per Respondent: 5 hours per respondent per 
respondent per filing.
    Estimated Total Annual Burden Hours: 14,400 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

[[Page 37600]]

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