Proposed Collection; Comment Request

Issuing agencies

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 renewal of a currently approved information collection that is to be proposed for approval by the Office of Management and Budget. The Office of International Affairs within the Department of the Treasury is soliciting comments concerning Treasury International Capital (TIC) Forms BC, BL-1, BL-2, BQ-1, BQ-2, and BQ-3 (called the "TIC B forms"). The collections are mandatory.

Full Text

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<title>Federal Register, Volume 91 Issue 207 (Wednesday, October 28, 2026)</title>
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[Federal Register Volume 91, Number 207 (Wednesday, October 28, 2026)]
[Notices]
[Pages 67910-67911]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-21924]


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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 renewal of a currently approved 
information collection that is to be proposed for approval by the 
Office of Management and Budget. The Office of International Affairs 
within the Department of the Treasury is soliciting comments concerning 
Treasury International Capital (TIC) Forms BC, BL-1, BL-2, BQ-1, BQ-2, 
and BQ-3 (called the ``TIC B forms''). The collections are mandatory.

DATES: Written comments should be received on or before December 28, 
2026 to be assured of consideration.

ADDRESSES: Direct all written comments to Kurt Schuler, 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. Schuler by 
email (<a href="/cdn-cgi/l/email-protection#eb888486868e859f98d9bfa2a8ab9f998e8a989e9992c58c849d"><span class="__cf_email__" data-cfemail="97f4f8fafaf2f9e3e4a5c3ded4d7e3e5f2f6e4e2e5eeb9f0f8e1">[email&#160;protected]</span></a>) or telephone (202-622-7527).

FOR FURTHER INFORMATION CONTACT: Copies of the proposed forms and 
instructions are available on the Treasury's TIC Forms web page, 
<a href="https://home.treasury.gov/data/treasury-international-capital-tic-system/tic-forms-instructions">https://home.treasury.gov/data/treasury-international-capital-tic-system/tic-forms-instructions</a>. Requests for additional information 
should be directed to Mr. Schuler

[[Page 67911]]

(<a href="/cdn-cgi/l/email-protection#a9cac6c4c4ccc7ddda9bfde0eae9dddbccc8dadcdbd087cec6df"><span class="__cf_email__" data-cfemail="5c3f3331313932282f6e08151f1c282e393d2f292e25723b332a">[email&#160;protected]</span></a> or 202-622-7527).

SUPPLEMENTARY INFORMATION: 
    Titles: Treasury International Capital (TIC) Form BC, ``Monthly 
Report of U.S. Dollar Claims of Financial Institutions on Foreign 
Residents''; TIC BL-1, ``Monthly Report of U.S. Dollar Liabilities of 
Financial Institutions to Foreign Residents''; TIC BL-2, ``Monthly 
Report of Customers' U.S. Dollar Liabilities to Foreign Residents''; 
TIC BQ-1, ``Quarterly Report of Customers' U.S. Dollar Claims on 
Foreign Residents''; TIC BQ-2, Part 1, ``Quarterly Report of Foreign 
Currency Liabilities and Claims of Financial Institutions and of their 
Domestic Customers' Foreign Currency Claims with Foreign Residents''; 
TIC BQ-2, Part 2, ``Report of Customers' Foreign Currency Liabilities 
to Foreign Residents''; and TIC BQ-3, ``Quarterly Report of Maturities 
of Selected Liabilities and Claims of Financial Institutions with 
Foreign Residents.''
    OMB Control Number: 1505-0016.
    Abstract: Forms BC, BL-1, BL-2, BQ-1, BQ-2, BQ-3 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 are designed to collect timely information on international 
portfolio capital movements. Reporting organizations report data as 
follows: own monthly claims on foreign residents, denominated in U.S. 
dollars (Form BC); own monthly liabilities to foreign residents, 
denominated in U.S. dollars (BL-1); U.S. customers' monthly liabilities 
to foreign residents, denominated in U.S. dollars (BL-2); U.S.-resident 
customers' quarterly U.S. dollar claims on foreign residents, 
denominated in foreign currencies (BQ-1); own and their domestic 
customers' quarterly claims and liabilities with foreign residents, 
denominated in foreign currencies (BQ-2); remaining maturities of all 
their own quarterly U.S. dollar and foreign currency liabilities and 
claims (excluding securities) with foreign residents. This information 
is used by the U.S. Government in the formulation of international 
financial and monetary policies and for the preparation of the U.S. 
balance of payments accounts and the U.S. international investment 
position.
    Current Actions: The following changes are proposed to the 
Instructions for the Treasury International Capital (TIC) Form B 
Reports. (1) Raise the reporting thresholds for the TIC BC, BL-1, BL-2, 
BQ-1, BQ-2 reports from $50 million for the Grand Total row and $25 
million for any individual line item to $250 million for the Grand 
Total row and $100 million for any individual line item (``Exemption 
Levels,'' section I.C.4). (2) Expand allowable signatures to include an 
individual performing equivalent functions to a duly authorized officer 
(``Signature Requirements,'' section I.F.3). (3) Clarify that reporters 
include Central Clearing Counterparties (``Who Must Report,'' section 
I.C). (4) Clarify that the definition of Foreign Official Institutions 
for the purposes of TIC reporting excludes enterprises that are owned 
by a government but that do not serve a governmental function such as 
national defense (``Foreign Official Institutions,'' sections II.B.1a, 
III.B.1a, and IV.B.1a) (5) Clarify wording about how to fill in columns 
of TIC Form BQ-3 (``Non-Negotiable Deposits & Brokerage Balances 
(Column 1),'' section VIII.C.1.a, and ``Loan Claims Excluding Resale 
Agreements (Column 3),'' section VIII.C.1.c).
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Forms: BC, BL-1, BL-2, BQ-1, BQ-2, and BQ-3.
    Estimated Number of Respondents: BC, 235; BL-1, 283; BL-2, 80; BQ-
1, 46; BQ-2, 148; BQ-3, 118.
    Estimated Average Time per Respondent per Filing: BC, 11.6 hours; 
BL-1, 7.9 hours; BL-2, 9.2 hours; BQ-1, 4.3 hours; BQ-2, 8.1 hours; and 
BQ-3, 10.5 hours. The average time varies, and is estimated to be 
generally twice as many hours for major data reporters as for other 
reporters.
    Estimated Total Annual Burden Hours: BC, 32,712 hours for 12 
reports per year; BL-1, 26,794 hours for 12 reports per year; BL-2, 
8,842 hours for 12 reports per year; BQ-1, 795 hours for 4 reports per 
year, BQ-2, 4,801 hours for 4 reports per year; and BQ-3, 4,956 hours 
for 4 reports 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 BC, BL-1, BL-2, BQ-1, BQ-2, and BQ-3 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.

Kurt Schuler,
Administrator, International Portfolio Investment Data Reporting 
Systems.
[FR Doc. 2026-21924 Filed 10-27-26; 8:45 am]
BILLING CODE 4810-AK-P


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