Treasury International Capital Form BQ-2, "Quarterly Report to Federal Reserve Banks: Part 1--Report of Foreign Currency Liabilities and Claims ...; Part 2--Report of Customers' Foreign Currency ..."

ICR 201608-1505-002

OMB: 1505-0020

Federal Form Document

ICR Details
1505-0020 201608-1505-002
Historical Active 201306-1505-007
TREAS/DO
Treasury International Capital Form BQ-2, "Quarterly Report to Federal Reserve Banks: Part 1--Report of Foreign Currency Liabilities and Claims ...; Part 2--Report of Customers' Foreign Currency ..."
Revision of a currently approved collection   No
Regular
Approved without change 01/02/2017
Retrieve Notice of Action (NOA) 08/18/2016
  Inventory as of this Action Requested Previously Approved
01/31/2020 36 Months From Approved 12/31/2016
796 0 680
6,210 0 5,437
0 0 0

Form BQ-2 is required by law and is designed to collect timely information on international portfolio capital movements, in particular liabilities and claims of U.S. resident financial institutions, and of their domestic customers' liabilities and claims, with foreign residents, that are denominated in foreign currencies. 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
   EO: EO 10033 Name/Subject of EO: Regulations governing the providing of statistical information to intergovernmental organizations
   US Code: 22 USC 3103 Name of Law: International Investment and Trade in Services Survey Act
  
None

Not associated with rulemaking

  81 FR 33579 05/26/2016
81 FR 54662 08/16/2016
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 796 680 0 0 116 0
Annual Time Burden (Hours) 6,210 5,437 0 0 773 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The increase of 773 in burden hours to 6,210 as compared to the estimate of 5,437 currently carried in OMB's Information Collection Inventory is entirely due to an increase in the number of respondents.

$360,227
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.
08/18/2016


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