Departmental Offices; Proposed Collection; Comment Request

DEPARTMENT OF THE TREASURY

Departmental Offices; Proposed Collection; Comment Request

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 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

[[Page 11235]]

concerning Treasury International Capital Form S, Purchases and Sales

of Long-Term Securities by Foreigners.

DATES: Written comments should be received on or before May 13, 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: Purchases and Sales of Long-Term Securities by Foreigners,

Treasury International Capital Form S.

OMB Number: 1505-0001.

Abstract: Form S is required by law (22 USC 286f; 22 USC 3103; EO

10033; 31 CFR 128) and is designed to collect timely information on

international portfolio capital movements. This report covers monthly

purchases and sales of long-term domestic and foreign securities in

transactions between U.S. persons and foreign residents. 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: 475.

Estimated Average Time per Respondent: Five (5) hours per

respondent per filing.

Estimated Total Annual Burden Hours: 28,500 hours, based on twelve

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 Form S is 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.

Thomas Ashby McCown,

Director, Office of International Financial Analysis.

[FR Doc. 96-6470 Filed 3-18-96; 8:45 am]

BILLING CODE 4810-25-M