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[Federal Register Volume 73, Number 156 (Tuesday, August 12, 2008)]
[Notices]
[Pages 46980-46981]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-18539]

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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 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 Form BQ-1, Report by Depository Institutions, 
Brokers and Dealers of Customers' U.S. Dollar Claims on 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 ([email protected]), FAX (202-622-2009) or telephone (202-
622-1276).

[[Page 46981]]

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

SUPPLEMENTARY INFORMATION:
    Title: Treasury International Capital Form BQ-1. Report by 
Depository Institutions, Brokers and Dealers of Customers' U.S. Dollar 
Claims on Foreigners.
    OMB Control Number: 1505-0016.
    Abstract: Form BQ-1 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. This 
quarterly report filed by depository institutions, brokers and dealers 
covers their U.S. customers' dollar claims vis-a-vis foreign residents. 
This information is necessary for compiling the U.S. balance of 
payments accounts and the U.S. international investment position, and 
for 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.
    Affected Public: Business or other for-profit organizations. Form 
BQ-1 (1505-0016).
    Estimated Number of Respondents: 68.
    Estimated Average Time per Respondent: Three and two/tenths (3.2) 
hours per respondent per filing. This average time varies from 4.5 
hours for the approximately 30 major reporters to 2.3 hours for the 
other reporters.
    Estimated Total Annual Burden Hours: 882 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 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 Form BQ-1 is 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. E8-18539 Filed 8-11-08; 8:45 am]
BILLING CODE 4810-25-P
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