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 202001-1505-006

OMB: 1505-0020

Federal Form Document

ICR Details
1505-0020 202001-1505-006
Active 201608-1505-002
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 ..."
Extension without change of a currently approved collection   No
Regular
Approved without change 03/18/2020
Retrieve Notice of Action (NOA) 01/31/2020
  Inventory as of this Action Requested Previously Approved
03/31/2023 36 Months From Approved 03/31/2020
772 0 796
6,044 0 6,210
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

  84 FR 38724 08/07/2019
85 FR 5552 01/30/2020
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 772 796 0 0 -24 0
Annual Time Burden (Hours) 6,044 6,210 0 0 -166 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
We are consolidating all TIC B Forms under OMB number 1505-0016, and so this request is being submitted without change only for the purposes of extending the expiration date temporarily until the consolidated ICR is approved. Subsequently, this OMB Control Number will be discontinued.

$523,037
No
    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.
01/31/2020


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