Notice2022-18879
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
September 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 revisions of a currently approved information collection that are 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 Forms CQ-1 and CQ-2, "Financial and Commercial Liabilities to, and Claims on, Unaffiliated Foreign Residents."
Full Text
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<title>Federal Register, Volume 87 Issue 169 (Thursday, September 1, 2022)</title>
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[Federal Register Volume 87, Number 169 (Thursday, September 1, 2022)]
[Notices]
[Pages 53828-53829]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-18879]
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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 revisions of a currently approved
information collection that are 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 Forms CQ-1 and CQ-2, ``Financial and
Commercial Liabilities to, and Claims on, Unaffiliated Foreign
Residents.''
DATES: Written comments should be received on or before October 31,
2022 to be assured of consideration.
ADDRESSES: Direct all written comments to Dwight Wolkow, International
[[Page 53829]]
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#62010d0f0f070c161150362b2122161007031117101b4c050d14"><span class="__cf_email__" data-cfemail="096a6664646c677d7a3b5d404a497d7b6c687a7c7b70276e667f">[email protected]</span></a>), or by telephone (office: 202-622-
1276; cell: 202-923-0518).
FOR FURTHER INFORMATION CONTACT: Copies of the proposed forms and
instructions are available on the Treasury's TIC Forms web page, TIC C-
Forms and Instructions [verbar] U.S. Department of the Treasury.
Requests for additional information should be directed to Mr. Dwight
Wolkow by email (<a href="/cdn-cgi/l/email-protection#6704080a0a0209131455332e2427131502061412151e49000811"><span class="__cf_email__" data-cfemail="2a494547474f445e59187e63696a5e584f4b595f5853044d455c">[email protected]</span></a>), or by telephone (office:
202-622-1276; cell: 202-923-0518).
SUPPLEMENTARY INFORMATION:
Title: Treasury International Capital Form CQ-1, ``Financial
Liabilities to, and Claims on, Unaffiliated Foreign Residents;'' and
Treasury International Capital Form CQ-2, ``Commercial Liabilities to,
and Claims on, Unaffiliated Foreign Residents.''
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; E.O. 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
non-financial enterprises in the U.S. to report their international
portfolio transactions with unaffiliated foreign residents. This
information is necessary for compiling the U.S. balance of payments
accounts and the U.S. international investment position, and for use in
formulating U.S. international financial and monetary policies.
Current Actions: No changes in the forms or instructions are being
proposed at this time.
Type of Review: Revision of a currently approved data collection.
Affected Public: Business or other for-profit organizations.
Forms: CQ-1 and CQ-2 (1505-0024).
Estimated Number of Respondents: 135.
Estimated Average Time per Respondent: Six and seven-tenths (6.7)
hours per respondent per filing.
Estimated Total Annual Burden Hours: 3,620 hours, based on four
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 Forms CQ-1 and CQ-2 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 Reporting
Systems.
[FR Doc. 2022-18879 Filed 8-31-22; 8:45 am]
BILLING CODE 4810-AK-P
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