Treasury International Capital Form S, "Purchases and Sales of Long-term Securities by Foreign-Residents"

Forms and Documents

Document Name	Status
Form Form S Treasury International Capital Form S,"Purchases and Sales of Long-term Securities by Foreign-Residents" Form	Modified
1505-0001_supporting_statement(june2017).doc Supporting Statement A	2017-07-07

IC Document Collections

IC ID	Document Title	Status
15066	Treasury International Capital Form S,"Purchases and Sales of Long-term Securities by Foreign-Residents" Form	Modified

ICR Details

OMB Control No: 1505-0001	ICR Reference No: 201707-1505-001
Status: Active	Previous ICR Reference No: 201404-1505-002
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: Treasury International Capital Form S, "Purchases and Sales of Long-term Securities by Foreign-Residents"
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: 10/31/2018
	Date Received in OIRA: 07/28/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2021	36 Months From Approved	10/31/2018
Responses	2,568	0	1,920
Time Burden (Hours)	17,346	0	13,452
Cost Burden (Dollars)	0	0	0

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Abstract: Form S is required by law and is designed to collect timely information on international portfolio capital movements, including foreign-residents' purchases and sales of long-term securities in transactions with U.S. persons. The information is important to key components of the U.S. balance of payments accounts and international investment position, as well as in the formulation of U.S. international financial and monetary policies.

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Authorizing Statute(s): 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
   US Code: 22 USC 286f Name of Law: Bretton Woods Agreements 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:
	82 FR 11399	02/22/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 35264	07/28/2017
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Treasury International Capital Form S,"Purchases and Sales of Long-term Securities by Foreign-Residents"	Form S	Purchases and Sales of Long-Term Securities by Foreign-Residents

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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	2,568	1,920	0	300	348	0
Annual Time Burden (Hours)	17,346	13,452	0	2,053	1,841	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: There will be an increase in Form S burden hours to 17,346 as compared to the estimate of 13,452 currently carried in OMB's Information Collection Inventory. The total overall increase of 3,894 hours is the sum of two separate causes. An increase of 2,053 hours is due to an estimated 25 new respondents generated by the new reporting requirements established by the Bureau of Economic Analysis (BEA) and Treasury, effective January 1, 2017, for investments in and by certain private funds. The remainder increase of 1,841 hours is due to an estimated 29 new respondents that have occurred naturally since 2014.

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Annual Cost to Federal Government: $654,812

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 07/28/2017

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