[Federal Register Volume 63, Number 82 (Wednesday, April 29, 1998)]
[Notices]
[Page 23488]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-11296]


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DEPARTMENT OF THE TREASURY


Departmental Offices; Proposed Collections; Comment Requests

ACTION: Notice and request for comments.

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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 renewed approval by the Office of Management and Budget. The 
Office of International Financial Analysis 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 June 29, 1998 
to be assured of consideration.

ADDRESSES: Direct all written comments to Gary A. Lee, Manager, 
Treasury International Capital Reporting System, Department of the 
Treasury, Room 5452, 1500 Pennsylvania Avenue NW, Washington, DC 20220.

FOR FURTHER INFORMATION CONTACT:
Requests for additional information or copies of the forms and 
instructions should be directed to Gary A. Lee, Manager, Treasury 
International Capital Reporting System, Department of the Treasury, 
Room 5465, 1500 Pennsylvania Avenue NW, Washington, DC 20220, (202) 
622-2270.

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 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; EO 10033; 31 CFR 128), 
and is designed to collect timely information on international 
portfolio capital movements. Form BC/BC(SA) is a monthly report (with a 
semiannual supplement) report that covers own U.S. dollar claims of 
banks, other depository institutions, brokers and dealers, vis-a-vis 
foreign residents. Form BL-1/BL-1(SA) 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 use in formulating U.S. international 
financial and monetary policies. Current Actions: No changes to 
reporting requirements for either form are proposed at this time.
    Type of Review: Extensions.
    Affected Public: Business or other for-profit organizations.
    Form BL-1/BL-1(SA) (1505-0017).
    Estimated Number of Respondents: 825.
    Estimated Average Time per Respondent: Seven (7) hours per 
respondent per filing.
    Estimated Total Annual Burden Hours: 69,300 hours, based on 12 
reporting periods per year.
    Form BC/BC(SA) (1505-0019).
    Estimated Number of Respondents: 900.
    Estimated Average Time per Respondent: Seven (7) hours per 
respondent per filing.
    Estimated Total Annual Burden Hours: 75,600 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) 
are 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.
Thomas Ashby McCown,
Director, Office of International Financial Analysis.
[FR Doc. 98-11296 Filed 4-28-98; 8:45 am]
BILLING CODE 4810-25-M