Form BQ-3 is required by law and is
designed to collect timely information on international portfolio
capital movements, in particular maturities of selected U.S. dollar
and foreign currency liabilities and claims of U.S. resident
financial institutions with foreign residents. This 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 286f Name of Law: Bretton Woods Agreements Act
US Code: 22
USC 3103 Name of Law: International Investment and Trade in
Services Survey 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 3,186 hours due to program changes and
a decrease of 144 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 three new rows in the
new Part 2 section on page 2 of the form: new row "Demand Deposits,
Arrears, Resale Agreements Under Continuing Contract, and Items
With No Fixed Maturity," new row "Maturing in 1 Year or Less,'' and
new row ''Maturing In Over 1 Year."
$202,255
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.