[Federal Register: November 9, 2001 (Volume 66, Number 218)]
[Notices]
[Page 56733-56734]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09no01-141]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Departmental Offices Proposed Collection; Comment Request
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 an information collection that is
due for revision approval by the Office of Management and Budget. The
Office of Program Services within the Department of the Treasury is
soliciting comments concerning the Annual Report of Foreign-Residents'
Holdings of U.S. Securities, including Selected Money Market
Instruments. The next such report is to be conducted as of June 28,
2002.
DATES: Written comments should be received on or before January 8, 2002
to be assured of consideration.
ADDRESSES: Direct all written comments to Dwight Wolkow, Administrator,
International Portfolio Investment Data Systems, Department of
Treasury, Room 5457 MT, 1500 Pennsylvania Avenue NW., Washington DC
20220.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the forms and instructions should be directed to Dwight
Wolkow, Administrator, International Portfolio Investment Data Systems
at the above address, or by emailing dwight.wolkow@do.treas.gov, or by
faxing (202) 622-7448, or by calling (202) 622-1276. The forms and
instructions can be viewed in section C of the webpage at:
www.treas.gov/tic/forms.htm.
SUPPLEMENTARY INFORMATION:
Title: Treasury Department Form SHLA/SHLB, Foreign-Residents'
Holdings of U.S. Securities, including Selected Money Market
Instruments.
OMB Number: 1505-0123.
Abstract: These forms are used to conduct annual surveys of
holdings by foreign-residents of U.S. securities for portfolio
investment purposes. These data are used by the U.S. Government in the
formulation of international and financial policies and for the
computation of the U.S. balance of payments accounts and the U.S.l
international investment position. These data will also be used to
provide information to the public and to meet international reporting
commitments.
Current Actions: (a) Data will be collected on short-term
securities, including selected money market instruments, as well as on
long-term securities, (b) The frequency of reporting by the largest
U.S.-resident custodians and U.S.-resident issuers of U.S. securities
will increase to annual from once every five years. The objective is to
gather information annually with a minimum increase in reporting burden
and cost to the government. This will be done by: (1) Continuing the
benchmark survey (Form SHLB) once every five years, which requires
reporting by all significant U.S.-resident custodians and U.S.-resident
security issuers; and (2) introducing in non-benchmark years an annual
survey (Form SHLA), which will require reports from only the very
largest U.S.-resident custodians and issuers. The data requested will
be the same in both Form SHLB and Form SHLA. The determination of who
must report on the annual reports (SHLA) will be based upon the
securities data submitted during the previous benchmark survey. The
data collected under the annual reports (SHLA) will be used in
conjunction with the results of the previous benchmark survey to
compute economy-wide estimates for the non-benchmark years.
Type of Review: Revision of a currently approved data collection.
Affected Public: Business/Financial Institutions.
Forms:
TDF SHLA, Schedule 1 and Schedule 2 (1505-0123);
TDF SHLB, Schedule 1 and Schedule 2 (1505-123)
Estimated Number of Respondents: an annual average (over five
years) of 435, but this varies widely from about 2,000 in benchmark
years (once every five years) to about 45 in all other years (four out
of every five years).
Estimated Average Time per Respondents: an annual average (over
five years) of about 68 hours, but this will vary widely from
respondent to respondent. (a) In the year of a benchmark survey, which
is conducted
[[Page 56734]]
once every five years, it is estimated that exempt respondents will
require an average of 16 hours; for custodians of securities, the
estimate is a total of 176 hours on average, but this figure will vary
widely for individual custodians; and for issuers of securities that
have data to report and are not custodians, the estimate is 48 hours
total. (b) In a non-benchmark year, which occurs four years out of
every five years; for the largest custodians of securities, the
estimate is a total of 472 hours on average; and for the largest
issuers of securities that have data to report and are not custodians,
the estimate is 136 hours total.
Estimate Total Annual Burden Hours: an annual average (over five
years) of 29,600 hours .
Frequency of Response: Annual.
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 Survey is necessary for the proper performance of the functions of
the Office, including whether the information collected has practical
uses; (b) the accuracy of the above burden estimates; (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 purchases of services to
provide information.
Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
[FR Doc. 01-28116 Filed 11-8-01; 8:45 am]
BILLING CODE 4810-25-M