Departmental Offices; Proposed Agency Information Collection Activities; Comment, Request

DEPARTMENT OF THE TREASURY

Departmental Offices; Proposed Agency Information Collection

Activities; Comment, Request

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury, as part of its continuing

effort to reduce paperwork and respondent burden, 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 comment period is required by the Paperwork Reduction

Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently,

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 February 26,

1996 to be assured of consideration.

ADDRESSES: Direct all written comments to Gary A. Lee, Manager,

Treasury International Capital Reporting System, Department of the

Treasury, Room 5452-A, 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 Gary A. Lee, Manager, Treasury

International Capital Reporting System, Department of the Treasury,

Room 5452-A, 1500 Pennsylvania Avenue NW., Washington DC 20220,

(202)622-2270.

SUPPLEMENTARY INFORMATION:

Title: Financial and Commercial Liabilities to, and Claims on,

Unaffiliated Foreigners, Treasury International Capital Forms CQ-1 and

CQ-2.

OMB Number: 1505-0024.

Abstract: Forms CQ-1 and CQ-2 are required by law and are designed

to collect timely information on international portfolio capital

[[Page 67391]]

movements, including data on financial and commercial liabilities to,

and claims on, unaffiliated foreigners held by nonbanking enterprises

in the United States. 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 are proposed

at this time. Minor revisions to instructions will aim to clarify

current reporting requirements, but will not affect current paperwork

burden.

Type of Review: Extension.

Affected Public: Business or other for-profit.

Estimated Number of Respondents: 500

Estimated Average Time per Respondent: Four (4) hours per

respondent per filing.

Estimated Total Annual Burden Hours: 8,000 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 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; how to enhance the quality,

usefulness, and clarity of the information to be collected; and how to

minimize the reporting and/or recordkeeping burdens on respondents,

including the use of information technologies to automate the

collection of the data.

T. Ashby McCown,

Director, Office of International Financial Analysis.

[FR Doc. 95-31414 Filed 12-28-95; 8:45 am]

BILLING CODE 4810-25-M