[Federal Register Volume 61, Number 80 (Wednesday, April 24, 1996)]
[Notices]
[Page 18192]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-10036]



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DEPARTMENT OF THE TREASURY


Departmental Offices; Proposed Collection; 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 
pubic 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 recordkeeping 
requirements associated with Reporting of International Capital and 
Foreign Currency Transactions and Positions--31 CFR Part 128.

DATES: Written comments should be received on or before June 21, 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 5464, 1500 Pennsylvania Avenue NW., Washington DC 20220.

FOR FURTHER INFORMATION CONTACT:
Requests for additional information or copies of the regulations should 
be directed to Gary A. Lee, Manager, Treasury International Capital 
Reporting System, Department of the Treasury, Room 5464, 1500 
Pennsylvania Avenue NW., Washington DC 20220, (202)622-2270.

SUPPLEMENTARY INFORMATION:
    Title: Reporting of International Capital and Foreign Currency 
Transactions and Positions--31 CFR Part 128.
    OMB Number: 1505-0149.
    Abstract: 31 CFR Part 128 establishes general guidelines for 
reporting on United States claims on and liabilities to foreigners; on 
transactions in securities with foreigners; and on the monetary 
reserves of the United States as provided for by the International 
Investment and Trade in Services Survey Act and the Bretton Woods 
Agreements Act. In addition, 31 CFR Part 128 establishes general 
guidelines for reporting on the nature and source of foreign currency 
transactions of large U.S. business enterprises and their foreign 
affiliates. This regulation includes a recordkeeping requirement, 
Sec. 128.5, which is necessary to enable the Office of International 
Financial Analysis to verify reported information and to secure 
additional information concerning reported information as may be 
necessary. The recordkeepers are U.S. persons required to file reports 
covered by these regulations.
    Current Actions: No changes to recordkeeping requirements are 
proposed at this time.
    Type of Review: Extension.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 2,000.
    Estimated Average Time per Respondent: Three (3) hours per 
respondent per response.
    Estimated Total Annual Burden Hours: 6,000 hours, based on one 
response 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 31 CFR Sec. 128.5 is 
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.
Thomas Ashby McCown,
Director, Office of International Financial Analysis.
[FR Doc. 96-10036 Filed 4-23-96; 8:45 am]
BILLING CODE 4810-25-M