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 ..."

Forms and Documents

Document Name	Status
Form BQ-2 Treasury International Capital Form BQ-2, "Part 1-Report of Foreign Currency Liabilities and Claims of Financial Institutions and of Their Domestic Customers' Foreign Currency Claims With Foreign Resi Form	Modified
ss(1505-0020,BQ2).doc Supporting Statement A	2016-08-01

IC Document Collections

IC ID	Document Title	Status
15101	Treasury International Capital Form BQ-2, "Part 1-Report of Foreign Currency Liabilities and Claims of Financial Institutions and of Their Domestic Customers' Foreign Currency Claims With Foreign Resi Form	Modified

ICR Details

OMB Control No: 1505-0020	ICR Reference No: 201608-1505-002
Status: Historical Active	Previous ICR Reference No: 201306-1505-007
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: 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 ..."
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/02/2017
	Date Received in OIRA: 08/18/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2020	36 Months From Approved	12/31/2016
Responses	796	0	680
Time Burden (Hours)	6,210	0	5,437
Cost Burden (Dollars)	0	0	0

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Abstract: 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.

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Authorizing Statute(s): 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
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 33579	05/26/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 54662	08/16/2016
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Treasury International Capital Form BQ-2, "Part 1-Report of Foreign Currency Liabilities and Claims of Financial Institutions and of Their Domestic Customers' Foreign Currency Claims With Foreign Resi	BQ-2	BQ-2

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ICR Summary of Burden

	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

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: 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.

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Annual Cost to Federal Government: $360,227

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 08/18/2016

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