Form BL-1 is required by law and is
designed to collect timely information on international portfolio
capital movements, in particular U.S. dollar liabilities of U.S.
resident financial institutions to foreign residents. The
information is necessary in the computation of the U.S. balance of
payments accounts and the U.S. international investment position,
and in the formulation of U.S. international financial and monetary
policies.
US Code:
22
USC 3103 Name of Law: International Investment and Trade in
Services Survey Act
US Code: 22
USC 286f Name of Law: Bretton Woods Agreements Act
EO: EO 10033 Name/Subject of EO: Regulations
governing the providing of statistical information to
intergovernmental organizations
The total overall increase is
the result of an increase of 6,118 hours due to program changes and
a decrease of 1,560 hours due to a decrease in the number of
respondents. The program changes were needed to meet new
international financial reporting standards. The new standards were
met by (a) movement of a number of respondents from the TIC C-forms
to the TIC B-forms, and (b) the addition of two new rows in the "of
which" items at the end of the form: new row "Liabilities to
Foreign-Resident Non-Bank Financial Institutions," and new row
"Unpaid Insurance Claims and Prepaid Insurance Premiums."
$1,748,898
No
No
No
No
No
Uncollected
Dwight Wolkow 202-622-1276
wolkowd@do.treas.gov
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.