[Federal Register Volume 75, Number 195 (Friday, October 8, 2010)]
[Notices]
[Page 62447]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-25415]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Departmental Offices; Proposed Collections; Comment Requests

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

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 the revision of an information 
collection that is to be proposed for approval by the Office of 
Management and Budget. The Office of International Affairs of the 
Department of the Treasury is soliciting comments concerning Treasury 
International Capital Form S, Purchases and Sales of Long-term 
Securities by Foreigners. The Current Actions below clarify the 
instructions and improve the column titles on the Form S.

DATES: Written comments should be received on or before December 7, 
2010 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#6a090507070f041e19583e23292a0e05441e180f0b19440d051c"><span class="__cf_email__" data-cfemail="25464a4848404b515617716c6665414a0b51574044560b424a53">[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 Forms webpage, http://www.treas.gov/tic/forms.html. Requests for additional information 
should be directed to Mr. Wolkow.

SUPPLEMENTARY INFORMATION:
    Title: Treasury International Capital Form S, Purchases and Sales 
of Long-term Securities by Foreigners.
    OMB Control Number: 1505-0001.
    Abstract: Form S 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 S is a 
monthly report used to cover transactions in long-term marketable 
securities undertaken directly with foreigners by banks, other 
depository institutions, brokers, dealers, underwriting groups, funds 
and other individuals and institutions. This information will be 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: (a) In the title for columns 7 and 8, the word 
STOCKS will be replaced by U.S. EQUITY; and in the title for columns 11 
and 12, the words FOREIGN STOCKS will be replaced by FOREIGN EQUITY. 
The purpose of this action is to clarify the type of data collected in 
columns 7, 8, 11 and 12 of the form. There is no change in the 
reporting requirements; for example the column-by-column instructions 
for those four columns already use the term ``equity''. This action 
also makes the terms on the Form S more consistent with the terms on 
other TIC forms that report data on securities, including the annual 
reports. This action will not affect the reporting burden of the Form 
S; (b) In the title of columns 5 and 6, ``U.S.'' will be inserted at 
the beginning so the title reads ``U.S. CORPORATE AND OTHER BONDS''. 
This action will clarify the type of data collected and will neither 
change the reporting requirements nor affect the reporting burden; (c) 
The unnecessary word ``foreign'' will be deleted from the titles of 
columns 7 and 8 in the Memorandum section on the last page of the form. 
That action will bring those two titles into conformity with the other 
column-pairs in the form; (d) The instructions will be revised by 
expanding and clarifying the old section called Determining Residency. 
The revised section is called ``Reporting the Location of Foreign 
Counterparties'' in the General Instructions. The revised language is 
consistent with the same guidance in other TIC reports; (e) The 
instructions will be revised by expanding and clarifying the section on 
REPORTING OF FUND SHARES (in the Reportable Items section of the 
General Instructions). The revised language includes examples and is 
consistent with the same guidance in other TIC reports; (f) The 
instructions (the Reportable Items section of the General Instructions) 
will be revised in accordance with (a) above so that any instruction to 
record data in the columns for ``stocks'' is changed to an instruction 
to record data in the column for ``equities''; (g) The instructions 
(the Other Statistical Reports section of the Introduction) will be 
revised by adding a paragraph on the proposed new SLT form; (h) The 
instructions will be revised so that the sections in the Introduction 
and the General Instructions are arranged to be more consistent with 
the organization of the instructions of other TIC reports; (i) These 
changes will be effective beginning with the reports as of March 31, 
2011.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations. Form S 
(1505-0001)
    Estimated Number of Respondents: 254.
    Estimated Average Time per Respondent: Six hours per respondent per 
filing. This estimate includes 0.4 hours for the Current Actions 
proposed above. The estimated average time per respondent varies from 
10.8 hours for the approximately 30 major reporters to 5.4 hours for 
the other reporters.
    Estimated Total Annual Burden Hours: 18,400 hours, based on 12 
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 S 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. 2010-25415 Filed 10-7-10; 8:45 am]
BILLING CODE 4810-25-P


</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>