Treasury International Capital Form BQ-3, "Report of Maturities of Selected Liabilities and Claims of Financial Institutions with Foreign Residents"

ICR 201306-1505-008

OMB: 1505-0189

Federal Form Document

ICR Details
1505-0189 201306-1505-008
Historical Active 201112-1505-006
TREAS/DO
Treasury International Capital Form BQ-3, "Report of Maturities of Selected Liabilities and Claims of Financial Institutions with 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 04/30/2015
468 0 468
4,914 0 1,872
0 0 0

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
  
None

Not associated with rulemaking

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

  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 468 468 0 36 -36 0
Annual Time Burden (Hours) 4,914 1,872 0 3,186 -144 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 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.
07/08/2013


© 2024 OMB.report | Privacy Policy