Treasury International Capital Form BL-1, "Report of U.S. Dollar Liabilities of Financial Institutions to Foreign Residents"

ICR 201306-1505-006

OMB: 1505-0019

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2013-07-01
ICR Details
1505-0019 201306-1505-006
Historical Active 201111-1505-006
TREAS/DO
Treasury International Capital Form BL-1, "Report of U.S. Dollar Liabilities of Financial Institutions to Foreign Residents"
Revision of a currently approved collection   No
Regular
Approved without change 08/09/2013
Retrieve Notice of Action (NOA) 07/08/2013
  Inventory as of this Action Requested Previously Approved
08/31/2016 36 Months From Approved 03/31/2015
4,380 0 4,176
34,042 0 29,484
0 0 0

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
  
None

Not associated with rulemaking

  78 FR 339 01/03/2013
78 FR 40548 07/05/2013
Yes

1
IC Title Form No. Form Name
Treasury International Capital Form BL-1, "Report of U.S. Dollar Liabilities of Financial Institutions to Foreign Residents" BL-1 BL-1

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 4,380 4,176 0 432 -228 0
Annual Time Burden (Hours) 34,042 29,484 0 6,118 -1,560 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
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.
07/08/2013


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