29628 Federal Register / Vol. 86, No. 104 / Wednesday, June 2, 2021 / Notices 

agency, including whether the 

information has practical utility; (b) the 

accuracy of the agency’s estimate of the 

burden of the collection of information; 

(c) ways to enhance the quality, utility, 

and clarity of the information to be 

collected; (d) ways to minimize the 

burden of the collection of information 

on or other forms of information 

technology; and (e) estimates of capital 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: May 26, 2021. 

Martha R. Brinson, 

Tax Analyst. 

[FR Doc. 2021–11509 Filed 6–1–21; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Treasury 

International Capital 

AGENCY: Departmental Offices, U.S. 

Department of the Treasury. 

ACTION: Notice. 

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 

this request. 

DATES: Comments must be received on 

or before July 2, 2021. 

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/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submissions may be 

obtained from Molly Stasko by emailing 

PRA@treasury.gov, calling (202) 622– 

8922, or viewing the entire information 

collection request at www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Treasury International Capital 

Form SLT, ‘‘Aggregate Holdings, 

Purchases and Sales, and Fair Value 

Changes of Long-Term Securities by 

U.S. and Foreign Residents.’’ 

OMB Control Number: 1505–0235. 

Type of Review: Revision of a 

currently approved collection. 

Description: Form SLT is 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 128), and is designed to 

collect timely information on 

international portfolio capital 

movements. Form SLT is a monthly 

report on cross-border portfolio 

investment in long-term marketable 

securities by U.S. and foreign residents. 

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. 

Current Actions: (1) Justification: One 

important aim of this revision of the 

SLT data collection is to create, for the 

first time, a data collection of ‘‘changes 

in fair value’’ for the TIC securities data. 

Users of TIC data often compare the 

change in the holdings of long-term 

securities reported on the Form SLT, 

with the net purchases (purchases less 

sales) of long-term securities reported 

on the Form S. There is general 

agreement that the difference between 

the change in holding and the net 

purchases is due largely to the change 

in fair value of the securities, with less 

important factors making up the 

remainder of the difference. In 

mathematical terms, ‘‘Change in 

holdings’’ equals ‘‘purchases less sales’’ 

plus ‘‘change in fair value’’ plus ‘‘other 

factors’’. Different assessments between 

TIC data users often arise because each 

one has to create their own estimates of 

the ‘‘change in fair value’’ despite 

lacking detailed information on the 

holdings of, and transactions in, the 

many securities in the TIC system. 

Another aim of this revision of the SLT 

data collection is to obtain the three 

main data types (holdings, purchases 

and sales, and change in fair value) from 

the same source. The result should 

greatly improve the connections 

between the holdings data and the 

purchases and sales data and the 

‘‘change in fair value’’ data. Lastly, 

while there is an increase in the 

reporting burden on custodians from the 

revision of the SLT, after 2022 it is 

expected that this increase in burden 

will be significantly offset by the 

decrease in burden when the Form S is 

discontinued. (2) No changes are made 

in the collection of holdings data; i.e., 

no changes are made in the columns 

and rows of the Form SLT or in the 

instructions regarding the holdings of 

long-term securities. In both the current 

and revised Form SLT there are eleven 

such columns covering three types of 

foreign securities and four types of U.S. 

securities, where for each type of U.S. 

security there is a column for foreignofficial-held and a separate column for 

other-foreign-held. (3) To accomplish 

the aims in (1) above, both the Form 

SLT and the instructions are expanded 

to add the collection of data on the total 

change in the fair (market) value over 

the month for all securities held at the 

end of the month for each type of longterm security. In the Form SLT, one 

column is added for each of the 11 

columns of holdings mentioned in (2) 

above; in the instructions, sections II.F.4 

and III.G are added. (4) To accomplish 

the aims in (1) above, both the Form 

SLT and the instructions are expanded 

to add the collection of data on U.S. 

purchases and U.S. sales of long-term 

securities by U.S.-residents with 

foreign-residents; in the Form SLT, two 

columns are added for each of the 11 

columns of holdings mentioned in (2) 

above; in the instructions, sections 

II.F.3, II.F.5, III.E and III.F are added. (5) 

Note that while purchases and sales in 

the revised SLT data collection appear 

to be generally the same as in the Form 

S data collection, there are three 

important differences: (i) Purchases and 

sales in the Form SLT are reported by 

the custodian or issuer or end-investor 

that is also reporting the holdings, while 

in the Form S purchases and sales are 

reported by a trader (e.g., broker-dealer, 

prime broker, principal trading firm); 

(ii) the Form SLT data are recorded from 

the U.S. point of view, while the Form 

S data are recorded from the foreign 

point-of-view (e.g., Form SLT 

‘‘purchases’’ are made by U.S. residents 

from foreign-residents, whereas Form S 

‘‘purchases’’ are made by foreignresidents from U.S.-residents); and (iii) 

purchases and sales of foreign securities 

in Form SLT are recorded opposite the 

foreign country that issued the security, 

whereas the Form S data are recorded 

opposite the country that purchased or 

sold the security. The Form SLT data 

are much more informative about U.S. 

claims on individual foreign countries. 

(6) The revised Form SLT no longer has 

Parts A and B, where previously a 

custodian reported data in part A and an 

issuer and/or end-investor reported data 

in part B. In the revised Form SLT the 

reporting firm must check one or both 

of the two boxes in the top-center 

section of the cover page to specify 

whether the data is from a custodian or 

from an issuer and/or end- investor or 

from both; see II.A in the instructions. 

So a firm that reports data for both a 

custodian and an issuer/end-user can 

combine both types of data into one 

report, and no longer needs to report 


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Federal Register / Vol. 86, No. 104 / Wednesday, June 2, 2021 / Notices 29629 

them separately in part A and part B. (7) 

To allow time for respondents to revise 

their reporting systems, the revised form 

and instructions are scheduled to 

become effective for reports as of 

November 2022. (8) Until the revised 

form becomes effective in 2022, the 

currently-approved Form SLT and 

instructions will continue to be in 

effect. (9) The name of the revised Form 

SLT on the cover page and elsewhere is 

expanded to ‘‘Aggregate Holdings, 

Purchases and Sales, and Fair Value 

Changes of Long-Term Securities by 

U.S. and Foreign Residents.’’ Added on 

the cover page under the name, is the 

phrase ‘‘Effective for reports beginning 

as of November 2022’’. (10) After the 

revised Form SLT becomes effective in 

November 2022, there will be a 

duplication of the Purchase and Sales 

data with the Form S for roughly three 

months. This period of overlap for 

comparison of the two sources of data 

will allow the agencies to make any 

necessary adjustments to the revised 

Form SLT and/or instructions. After the 

overlap period ends, and if the 

purchases and sales data from the 

revised Form SLT are acceptable, then 

the Form S will be discontinued. (11) 

Some other clarifications and format 

changes may be made to improve the 

instructions. 

Form: Treasury Form SLT. 

Affected Public: Businesses or other 

for-profit organizations. 

Estimated Number of Respondents: 

438. 

Frequency of Response: Monthly. 

Estimated Total Number of Annual 

Responses: 5,256. 

Estimated Time per Response: 

Average 11.7 hours per respondent per 

filing. The estimated average burden per 

respondent varies, from about 21.6 

hours per filing for a U.S.-resident 

custodian to about 9.3 hours for a U.S.- 

resident issuer or U.S.-resident endinvestor. 

Estimated Total Annual Burden 

Hours: 61,722 hours. 

(Authority: 44 U.S.C. 3501 et seq.) 

Dated: May 27, 2021. 

Molly Stasko, 

Treasury PRA Clearance Officer. 

[FR Doc. 2021–11599 Filed 6–1–21; 8:45 am] 

BILLING CODE 4810–AK–P 

UNIFIED CARRIER REGISTRATION 

PLAN 

Sunshine Act Meetings Notice; Unified 

Carrier Registration Plan Board of 

Directors Meeting 

TIME AND DATE: June 8, 2021, from 12:00 

p.m. to 3:00 p.m., Eastern time. 

PLACE: This meeting will be accessible 

via conference call and screensharing. 

Any interested person may call 877– 

853–5247 (U.S. toll free), 888–788–0099 

(U.S. toll free), +1 929–205–6099 (U.S. 

toll), or +1 669–900–6833 (U.S. toll), 

Conference ID 945 5272 6109, to 

participate in the meeting. The website 

to participate via Zoom meeting and 

screenshare is https://kellen.zoom.us/j/ 

94552726109. 

STATUS: This meeting will be open to the 

public. 

MATTERS TO BE CONSIDERED: The Unified 

Carrier Registration Plan Board of 

Directors (the ‘‘Board’’) will continue its 

work in developing and implementing 

the Unified Carrier Registration Plan 

and Agreement. The subject matter of 

the meeting will include: 

Agenda 

I. Welcome and Call to Order—UCR 

Board Chair 

The UCR Board Chair will welcome 

attendees, call the meeting to order, call 

roll for the Board, confirm the presence 

of a quorum, and facilitate selfintroductions. 

II. Verification of Meeting Notice—UCR 

Executive Director 

The UCR Executive Director will 

verify publication of the meeting notice 

on the UCR website and distribution to 

the UCR contact list via email followed 

by subsequent publication of the notice 

in the Federal Register. 

III. Review and Approval of Board 

Agenda—UCR Board Chair 

For Discussion and Possible Action 

The proposed Agenda will be 

reviewed, and the Board will consider 

adoption. 

Ground Rules 

➢ Board actions taken only in 

designated areas on agenda 

IV. Approval of Minutes of the April 22, 

2021 UCR Board Meeting—UCR Board 

Chair 

For Discussion and Possible Action 

Draft Minutes of the April 22, 2021 

UCR Board meeting will be reviewed. 

The Board will consider action to 

approve. 

V. Report of the Federal Motor Carrier 

Safety Administration (FMCSA)— 

FMCSA Representative 

The FMCSA will provide a report on 

any relevant activity. 

VI. Updates Concerning UCR 

Legislation—UCR Board Chair 

The UCR Board Chair will call for any 

updates regarding UCR legislation since 

the last Board meeting. 

VII. Chief Legal Officer Report—UCR 

Chief Legal Officer 

The UCR Chief Legal Officer will 

provide an update on the status of the 

March 2019 data event. 

VIII. New Master Services Agreement 

Between the UCR Plan and Seikosoft— 

UCR Board Chair, UCR Chief Legal 

Officer, and UCR Executive Director 

For Discussion and Possible Action 

The UCR Board Chair, the UCR Chief 

Legal Officer, and the UCR Executive 

Director will lead a discussion on a new 

proposed Master Services Agreement 

between the UCR Plan and Seikosoft as 

the current Master Services Agreement 

expires on September 30, 2021. The 

Board may decide to adopt a new 

Master Services Agreement between the 

UCR Plan and Seikosoft containing 

additional developer assistance 

beginning June 15, 2021. 

IX. Discussion of the Final Report 

Received From the UCR Plan’s External 

Auditor Regarding the Audited 

Statements of Cash Receipts and 

Disbursements of the Depository for the 

Calendar Years Ended December 31, 

2019 and December 31, 2018—UCR 

Chief Legal Officer and UCR Executive 

Director 

The UCR Chief Legal Officer and the 

UCR Executive Director will lead a 

discussion of the Final Audit Report of 

Audited Statements of Cash Receipts 

and Disbursements of the Depository for 

Calendar Years Ended December 31, 

2019 and December 31, 2018 from our 

external auditor, Williams Benator and 

Libby, LLP, including a material 

weakness identified in a letter dated 

May 12, 2021. 

X. Subcommittee Reports 

Audit Subcommittee—UCR Audit 

Subcommittee Chair 

A. 2021 Inspection Audits—UCR Audit 

Subcommittee Vice-Chair 

For Discussion and Possible Action 

The Audit Subcommittee Vice-Chair 

will lead a discussion regarding 

possibly requiring participating states to 

audit 100% of the motor carriers 


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