[Federal Register: January 25, 1999 (Volume 64, Number 15)]
[Notices]               
[Page 3741-3742]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr25ja99-119]

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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 an information collection that is 
due for renewed approval by the Office of Management and Budget. The 
Office of International Financial Analysis 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 March 26, 1999 
to be assured of consideration.

ADDRESSES: Direct all written comments to Dwight Wolkow, Administrator, 
International Portfolio Investment Data Systems, Department of the 
Treasury, Room 5205, 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, 
Department of the Treasury, Room 5205, 1500 Pennsylvania Avenue NW, 
Washington, DC 20220, (202) 622-1276.

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 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, for 
calculating the U.S. international investment position, and for use in 
formulating U.S. international financial and monetary policies.
    Current Actions: No changes to reporting requirements for the forms 
are proposed at this time.
    Type of Review: Extension.
    Affected Public: Business or other for-profit organizations.
    Forms CQ-1 and CQ-2 (1505-0024).
    Estimated Number of Respondents: 500.
    Estimated Average Time per Respondent: 4 hours per respondent per 
filing.
    Estimated Total Annual Burden Hours: 8,000 hours, based on 4 
reporting periods per year.

[[Page 3742]]

Request for Comments

    Comments submitted in response to this notice will be summarized 
and/or included in the requests for OMB approval. All comments will 
become a matter of public record. The public is invited to submit 
written comments concerning: whether Forms CQ-1 and CQ-2 are necessary 
for the proper performance of the functions of the Office, including 
whether the information collected has practical uses; the accuracy of 
the above burden estimates; ways to enhance the quality, usefulness, 
and clarity of the information to be collected: ways to minimize the 
reporting and/or recordkeeping burdens on respondents, including the 
use of information technologies to automate the collection of the data; 
and 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. 99-1521 Filed 1-22-99; 8:45 am]
BILLING CODE 4810-25-M