[Federal Register Volume 60, Number 250 (Friday, December 29, 1995)]
[Notices]
[Pages 67390-67391]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-31414]



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DEPARTMENT OF THE TREASURY

Departmental Offices; Proposed Agency Information Collection 
Activities; Comment, Request

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 and respondent burden, 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 comment period is required by the Paperwork Reduction 
Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, 
the Office of International Financial Analysis within the Department of 
the Treasury is soliciting comments concerning Treasury International 
Capital Forms CQ-1 and CQ-2, Financial and Commercial Liabilities to, 
and Claims on, Unaffiliated Foreigners.

DATES: Written comments should be received on or before February 26, 
1996 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-A, 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 5452-A, 1500 Pennsylvania Avenue NW., Washington DC 20220, 
(202)622-2270.

SUPPLEMENTARY INFORMATION:

    Title: Financial and Commercial Liabilities to, and Claims on, 
Unaffiliated Foreigners, Treasury International Capital Forms CQ-1 and 
CQ-2.
    OMB Number: 1505-0024.
    Abstract: Forms CQ-1 and CQ-2 are required by law and are designed 
to collect timely information on international portfolio capital

[[Page 67391]]

movements, including data on financial and commercial liabilities to, 
and claims on, unaffiliated foreigners held by nonbanking enterprises 
in the United States. 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 are proposed 
at this time. Minor revisions to instructions will aim to clarify 
current reporting requirements, but will not affect current paperwork 
burden.
    Type of Review: Extension.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 500
    Estimated Average Time per Respondent: Four (4) hours per 
respondent per filing.
    Estimated Total Annual Burden Hours: 8,000 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 Forms CQ-1 and CQ-2 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; how to enhance the quality, 
usefulness, and clarity of the information to be collected; and how to 
minimize the reporting and/or recordkeeping burdens on respondents, 
including the use of information technologies to automate the 
collection of the data.
T. Ashby McCown,
Director, Office of International Financial Analysis.
[FR Doc. 95-31414 Filed 12-28-95; 8:45 am]
BILLING CODE 4810-25-M