Notice2022-01981
Proposed Collection; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 1, 2022
Issuing agencies
Treasury Department
Abstract
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.
Full Text
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<title>Federal Register, Volume 87 Issue 21 (Tuesday, February 1, 2022)</title>
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[Federal Register Volume 87, Number 21 (Tuesday, February 1, 2022)]
[Notices]
[Pages 5557-5558]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-01981]
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DEPARTMENT OF THE TREASURY
Proposed Collection; Comment Request
AGENCY: Departmental Offices; Department of the Treasury.
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.
DATES: Written comments should be received on or before April 4, 2022
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 1050, 1500
Pennsylvania Avenue NW, Washington, DC 20220. In view of possible
delays in mail delivery, please also notify Mr. Wolkow by email
(<a href="/cdn-cgi/l/email-protection#482b2725252d263c3b7a1c010b083c3a2d293b3d3a31662f273e"><span class="__cf_email__" data-cfemail="ee8d8183838b809a9ddcbaa7adae9a9c8b8f9d9b9c97c0898198">[email protected]</span></a>), or by telephone (cell: 202-923-0518).
Direct all written comments on foreign currency transactions and
positions to: Christopher O'Brien, Department of the Treasury, Room
1328, 1500 Pennsylvania Avenue NW,
[[Page 5558]]
Washington, DC 20220. In view of possible delays in mail delivery,
please also notify Mr. O'Brien by email
(<a href="/cdn-cgi/l/email-protection#33705b415a40475c435b56411d7c1471415a565d73474156524046414a1d545c45">Christopher.O'<span class="__cf_email__" data-cfemail="bcfeced5d9d2fcc8ced9ddcfc9cec592dbd3ca">[email protected]</span></a>), or by telephone (202-622-2423).
FOR FURTHER INFORMATION CONTACT: Requests for additional information on
international capital transactions and positions should be directed to
Mr. Wolkow, cell: 202-923-0518. Requests for additional information on
foreign currency transactions and positions should be directed to Mr.
O'Brien, 202-622-2423.
SUPPLEMENTARY INFORMATION:
Title: 31 CFR part 128, Reporting of International Capital and
Foreign Currency Transactions and Positions.
OMB Control 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.
Current Actions: No changes to recordkeeping requirements are
proposed at this time.
Type of Review: Extension of a currently approved data collection.
Affected Public: Business or other for-profit organizations.
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 (all 6 Bs, 1505-0016), CQ-1, CQ-
2 (both Cs,1505-0024), D (1505-0199), S (1505-0001), SLT (1505-0235)
and Treasury Foreign Currency Forms FC-1, FC-2, and FC-3 (all 3 FCs,
1505-0010).
Estimated Number of Recordkeepers: 2,063.
Estimated Average Time per Respondent: One-third hour per
respondent per filing.
Estimated Total Annual Burden Hours: 6,993 hours, based on 20,980
filings 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.
Dwight Wolkow,
Administrator, International Portfolio Investment Data Systems.
Christopher O'Brien,
Economic Research Analyst.
[FR Doc. 2022-01981 Filed 1-31-22; 8:45 am]
BILLING CODE 4810-AK-P
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