[Federal Register: August 29, 2008 (Volume 73, Number 169)]
[Notices]
[Page 51048-51049]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr29au08-157]
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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 an information collection that is
due for renewed approval by the Office of Management and Budget. The
Office of International Affairs 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 October 28,
2008 to be assured of consideration.
ADDRESSES: Direct all written comments on international capital
transactions and positions 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
(dwight.wolkow@do.treas.gov), FAX (202-622-2009) or telephone (202-622-
1276).
Direct all written comments on foreign currency transactions and
positions to: Timothy Dulaney, Department of the Treasury, Room 2313,
1500 Pennsylvania Avenue, NW., Washington, DC 20220. In view of
possible delays in mail delivery, please also notify Mr. Dulaney by e-
mail (Tim.Dulaney@do.treas.gov), FAX (202-622-2021) or telephone (202-
622-3121).
FOR FURTHER INFORMATION CONTACT: Requests for additional information on
international capital transactions and positions should be directed to
Mr. Wolkow. Requests for additional information on foreign currency
transactions and positions should be directed to Mr. Dulaney.
SUPPLEMENTARY INFORMATION:
Title: 31 CFR Part 128, Reporting of International Capital and
Foreign Currency Transactions and Positions.
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 Affairs
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.
The forms prescribed by the Secretary and covered by this regulation,
Sec. 128.1(c), are Treasury International Capital (TIC) Forms BC, BL-
1, BL-2, BQ-1, BQ-2, BQ-3, CQ-1, CQ-2, D, S, and Treasury Foreign
Currency Forms FC-1, FC-2, and FC-3.
Current Actions: No changes to recordkeeping requirements are
proposed at this time. Type of Review: Extension.
[[Page 51049]]
Affected Public: Business or other for-profit organizations.
Estimated Number of Recordkeepers: 1,620.
Estimated Average Time per Respondent: one-third hour per
respondent per filing.
Estimated Total Annual Burden Hours: 5,180 hours, based on 9.6
responses 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 the recordkeeping requirements in 31 CFR Part
128.5 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.
Timothy D. Dulaney, Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. E8-20024 Filed 8-28-08; 8:45 am]
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