Federal Register / Vol. 89, No. 210 / Wednesday, October 30, 2024 / Notices 86411 

The data collection includes large 

benchmark surveys (Form SHL) 

conducted every five years, and smaller 

annual surveys (Form SHLA) conducted 

in the non-benchmark years. The data 

collected under an annual survey are 

used in conjunction with the results of 

the preceding benchmark survey and of 

recent reporting on TIC form SLT 

(‘‘Aggregate Holdings, Purchases and 

Sales, and Fair Value Changes of LongTerm Securities by U.S. and Foreign 

Residents’’) to make economy-wide 

estimates for that non-benchmark year. 

Currently, the determination of who 

must report in the annual surveys is 

based primarily on the data submitted 

during the preceding benchmark survey 

and on data submitted on SLT reporting. 

The data requested in the annual survey 

will generally be the same as requested 

in the preceding benchmark report. 

Form SHL is used for the benchmark 

survey of all significant U.S.-resident 

custodians and U.S.-resident issuers of 

securities regarding foreign-residents’ 

holdings of U.S. securities. In nonbenchmark years, Form SHLA is used 

for the annual surveys of primarily the 

largest U.S.-resident custodians and 

issuers. 

Current Actions: No changes in the 

forms (schedules) are being proposed at 

this time. Some minor changes in the 

instructions are being proposed, 

primarily to include clarifications 

requested by respondents during their 

reporting for the 2022 and 2023 surveys. 

No changes in the forms (schedules) are 

being proposed at this time. Some minor 

changes in the instructions are being 

proposed, primarily to include 

clarifications requested by respondents 

during their reporting for the 2022 and 

2023 surveys. The minor changes 

include: (1) necessary updates in the 

cover page, contact information, dates, 

links to information, and Appendix E, 

List of Currency Codes; (2) clarifications 

about the handling of securities 

involved in repurchase and securities 

lending arrangements in (i) the second 

paragraph of section III; in (ii) section 

III.B; and in (iii) section III.F; (3) 

clarifications about the security types 

mentioned in the form, such as in the 

beginning of section III.E and in item 12 

of section V.B, where Type 4 is 

specified to include limited partners 

(‘‘LPs’’) and similar companies that do 

not meet the definition of funds; and (5) 

numerous other clarifications achieved 

through rewording and format changes 

to improve the instructions. 

Type of Review: Extension, with 

minor changes, of a currently approved 

collection. 

Affected Public: Business or other forprofit organizations. 

Form: SHL/SHLA, Schedules 1 and 2 

(1505–0123). 

Estimated Number of Respondents: 

An annual average (over five years) of 

317, but this varies widely from about 

840 in benchmark years (once every five 

years) to about 185 in other years (four 

out of every five years). 

Estimated Average Time per 

Respondent: An annual average (over 

five years) of about 133 hours, but this 

will vary widely from respondent to 

respondent. (a) In the year of a 

benchmark survey, which is conducted 

once every five years, it is estimated that 

exempt respondents will require an 

average of 17 hours; for custodians of 

securities, the estimate is a total of 321 

hours on average, but this figure will 

vary widely for individual custodians; 

and for issuers of securities that have 

data to report and are not custodians, 

the estimate is 61 hours on average. (b) 

In a non-benchmark year, which occurs 

four years out of every five years, it is 

estimated that the largest custodians of 

securities will require a total of 486 

hours on average; and for the largest 

issuers of securities that have data to 

report and are not custodians, the 

estimate is 110 hours on average. The 

exemption level for custodians and for 

end-investors, that applies only in 

benchmark years, is the holding of less 

than $200 million in reportable U.S. 

securities owned by foreign residents. 

Estimated Total Annual Burden 

Hours: An annual average (over five 

years) of 42,035 hours. 

Frequency of Response: Annual. 

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, inter alia: (a) 

Whether the Survey is necessary for the 

proper performance of the functions of 

the Office of International Affairs within 

the Department of the Treasury, 

including whether the information 

collected 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 requested; and (e) estimates 

of capital or start-up costs of operation, 

maintenance and purchase of services to 

provide the information requested. 

Dwight Wolkow, 

Administrator, International Portfolio 

Investment Data Reporting Systems. 

[FR Doc. 2024–25165 Filed 10–29–24; 8:45 am] 

BILLING CODE 4810–AK–P 

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 extension 

approval by the Office of Management 

and Budget. The Office of International 

Affairs of the Department of the 

Treasury is soliciting comments 

concerning extension with minor 

changes of the following form: Treasury 

International Capital Form SHC/SHCA 

‘‘Survey of U.S. Ownership of Foreign 

Securities including Selected Money 

Market Instruments.’’ The report is 

mandatory. The next such collection is 

the annual survey to be conducted as of 

December 31, 2024. 

DATES: Written comments should be 

received on or before December 30, 2024 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Dwight Wolkow, International 

Portfolio Investment Data Systems, 

Department of the Treasury, Room 1050 

MT, 1500 Pennsylvania Avenue NW, 

Washington, DC 20220. In view of 

possible delays in mail delivery, please 

also notify Mr. Wolkow by email 

(comments2TIC@treasury.gov), or 

telephone (202–622–1276). 

FOR FURTHER INFORMATION CONTACT: 

Copies of the proposed form and 

instructions are available on the 

Treasury’s TIC Forms web page, https:// 

home.treasury.gov/data/treasuryinternational-capital-tic-system-homepage/tic-forms-instructions/formsshc#shc. Requests for additional 

information should be directed to Mr. 

Wolkow (comments2TIC@treasury.gov 

or 202–622–1276). 

SUPPLEMENTARY INFORMATION: 

Title: Treasury International Capital 

(TIC) Form SHC/SHCA ‘‘U.S. 

Ownership of Foreign Securities, 

including Selected Money Market 

Instruments.’’ 

OMB Control Number: 1505–0146. 

Abstract: Form SHC/SHCA is part of 

the Treasury International Capital (TIC) 


ddrumheller on DSK120RN23PROD with NOTICES1
86412 Federal Register / Vol. 89, No. 210 / Wednesday, October 30, 2024 / Notices 

reporting system, which is required by 

law (22 U.S.C. 3101 et seq.; E.O. 11961; 

31 CFR 129) and is used to conduct 

annual surveys of U.S. residents’ 

ownership of foreign securities for 

portfolio investment purposes. This 

information is used by the U.S. 

Government in the formulation of 

international financial and monetary 

policies and for the preparation of the 

U.S. balance of payments accounts and 

the U.S. international investment 

position. This information is also used 

to provide information to the public and 

to meet international reporting 

commitments. The SHC/SHCA survey 

contributes to an internationally 

coordinated effort under the auspices of 

the International Monetary Fund (IMF) 

to improve data on securities 

worldwide. More than 80 countries 

participate in the annual IMF 

Coordinated Portfolio Investment 

Survey. 

The data collection includes large 

benchmark surveys (Form SHC) 

conducted every five years, and smaller 

annual surveys (Form SHCA) conducted 

in the non-benchmark years. The data 

collected under an annual survey are 

used in conjunction with the results of 

the preceding benchmark survey and of 

recent reporting on TIC form SLT 

(‘‘Aggregate Holdings, Purchases and 

Sales, and Fair Value Changes of LongTerm Securities by U.S. and Foreign 

Residents’’) to make economy-wide 

estimates for non-benchmark years. 

Currently, the determination of who 

must report in the annual surveys is 

based primarily on the data submitted 

during the preceding benchmark survey 

and on data submitted on SLT reports 

in the survey year. The data requested 

in the annual survey will generally be 

the same as requested in the preceding 

benchmark report. Form SHC is used for 

the benchmark survey of all significant 

U.S.-resident custodians and endinvestors regarding U.S. ownership of 

foreign securities. In non-benchmark 

years Form SHCA is used for the annual 

surveys of primarily the very largest 

U.S.-resident custodians and endinvestors. 

Current Actions: No changes in the 

forms (schedules) are being proposed at 

this time. Some minor changes in the 

instructions are being proposed, 

primarily to include clarifications 

requested by respondents during their 

reporting for the 2022 and 2023 surveys. 

The minor changes include: (1) 

necessary updates in the contact 

information, dates, links to information, 

and appendix E, List of Currency Codes; 

(2) clarifications about the handling of 

securities involved in repurchase and 

securities lending arrangements in (i) 

section II.B; in (ii) the second paragraph 

of section III; and in (iii) the description 

of ‘‘Securities . . . temporarily received 

as collateral’’ in section III.B; (3) the 

clarification in item 6 of section IV.B 

that ISIN codes are strongly preferred; 

(4) clarifications about the security 

types mentioned in the form, such as in 

the beginning of section III.C and in 

item 12 of section IV.B, where Type 4 

is specified to include limited partners 

(‘‘LPs’’) and similar companies that do 

not meet the definition of funds; (5) the 

addition of ‘‘Annuities’’ in section III.B, 

Do Not Report; and (6) numerous other 

clarifications achieved through 

rewording and format changes to 

improve the instructions. 

Type of Review: Extension, with 

minor changes, of a currently approved 

collection. 

Affected Public: Business or other forprofit organizations. 

Form: SHC/SHCA, Schedules 1, 2 and 

3 (1505–0146). 

Estimated Number of Respondents: 

An annual average (over five years) of 

324, but this varies widely from about 

760 in benchmark years (once every five 

years) to about 215 in other years (four 

out of every five years). 

Estimated Average Time per 

Respondent: An annual average (over 

five years) of about 200 hours, but this 

will vary widely from respondent to 

respondent. (a) In the year of a 

benchmark survey, which is conducted 

once every five years, it is estimated that 

exempt respondents will require an 

average of 17 hours; custodians of 

securities providing security-by-security 

information will require an average of 

361 hours, but this figure will vary 

widely for individual custodians; endinvestors providing security-by-security 

information will require an average of 

121 hours; and end-investors and 

custodians employing U.S. custodians 

will require an average of 41 hours. (b) 

In a non-benchmark year, which occurs 

four years out of every five years, it is 

estimated that custodians of securities 

providing security-by-security 

information will require an average of 

546 hours (because only the largest U.S.- 

resident custodians will report), but this 

figure will vary widely for individual 

custodians; end-investors providing 

security-by-security information will 

require an average of 146 hours; and 

reporters entrusting their foreign 

securities to U.S. custodians will require 

an average of 49 hours. The exemption 

level for custodians and for endinvestors, that applies only in 

benchmark years when filing schedules 

2 or 3 or both, is the holding of less than 

$200 million in reportable foreign 

securities owned by U.S. residents. 

Estimated Total Annual Burden 

Hours: An annual average (over five 

years) of 64,700 hours. 

Frequency of Response: Annual. 

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, inter alia: (a) 

whether the Survey is necessary for the 

proper performance of the functions of 

the Office of International Affairs within 

the Department of the Treasury, 

including whether the information 

collected 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 requested; (e) estimates of 

capital or start-up costs of operation, 

maintenance and purchase of services to 

provide the information requested. 

Dwight Wolkow, 

Administrator, International Portfolio 

Investment Data Reporting Systems. 

[FR Doc. 2024–25166 Filed 10–29–24; 8:45 am] 

BILLING CODE 4810–AK–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Multiple 

FinCEN Information Collection 

Requests 

AGENCY: Departmental Offices, U.S. 

Department of the Treasury. 

ACTION: Notice of Information 

Collection; request for comment. 

SUMMARY: The Department of the 

Treasury will submit the following 

information collection requests to the 

Office of Management and Budget 

(OMB) for review and clearance in 

accordance with the Paperwork 

Reduction Act of 1995, on or after the 

date of publication of this notice. The 

public is invited to submit comments on 

these requests. 

DATES: Comments should be received on 

or before November 29, 2024 to be 

assured of consideration. 

ADDRESSES: Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 


ddrumheller on DSK120RN23PROD with NOTICES1