[Federal Register Volume 73, Number 156 (Tuesday, August 12, 2008)]
[Notices]
[Pages 46982-46983]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-18542]


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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 revisions of an information 
collection that are proposed for approval by the Office of Management 
and Budget. The Office of International Affairs 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 October 14, 
2008 to be assured of consideration.

ADDRESSES: Direct all written comments to Dwight Wolkow, International 
Portfolio Investment Data Systems, Department of the Treasury, Room 
5422, 1500 Pennsylvania Avenue, NW., Washington, DC 20220. In view of 
possible delays in mail delivery, please also notify Mr. Wolkow by e-
mail (<a href="/cdn-cgi/l/email-protection#85e6eae8e8e0ebf1f6b7f1ece6c5e1eaabf1f7e0e4f6abe2eaf3"><span class="__cf_email__" data-cfemail="c4a7aba9a9a1aab0b7f6b0ada784a0abeab0b6a1a5b7eaa3abb2">[email protected]</span></a>), FAX (202-622-2009) or telephone (202-
622-1276).

FOR FURTHER INFORMATION CONTACT: Copies of the proposed forms and 
instructions are available on the Treasury's TIC Web page for forms, 
http://www.treas.gov/tic/forms.html. Requests for additional 
information should be directed to Mr. Wolkow.

SUPPLEMENTARY INFORMATION:
    Title: Treasury International Capital Form CQ-1, Financial 
Liabilities to, and Claims on, Unaffiliated Foreigners; and Treasury 
International Capital Form CQ-2, Commercial Liabilities to, and Claims 
on, Unaffiliated Foreigners.
    OMB Number: 1505-0024
    Abstract: Forms CQ-1 and CQ-2 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. Forms CQ-1 and CQ-2 are quarterly reports filed by 
nonbanking and non-securities broker and dealer enterprises in the U.S. 
to report their international portfolio transactions with unaffiliated 
foreigners. This information is necessary for compiling the U.S. 
balance of payments accounts and the U.S. international investment 
position, and for use in formulating U.S. international financial and 
monetary policies.
    Current Actions: None. We expect to make some clarifications in the 
instructions.
    Type of Review: Extension of a currently approved collection.

[[Page 46983]]

    Affected Public: Business or other for-profit organizations. Forms 
CQ-1 and CQ-2 (1505-0024).
    Estimated Number of Respondents: 210.
    Estimated Average Time per Respondent: Six and one/half (6.5) hours 
per respondent per filing.
    Estimated Total Annual Burden Hours: 5,410 hours, based on 4 
reporting periods per year.
    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: (a) Whether Forms CQ-1 and CQ-2 are necessary for the 
proper performance of the functions of the Office, including whether 
the information 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; and (e) estimates of capital or start-up costs of operation, 
maintenance and purchase of services to provide information.

Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. E8-18542 Filed 8-11-08; 8:45 am]
BILLING CODE 4810-25-P


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