Form S is required by law and is designed to collect timely information on international portfolio capital movements, including foreigners' purchases and sales of long-term securities in transactions with U.S. persons. The information will be used in the computation 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.
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
US Code:
22 USC 3103
Name of Law: International Investment and Trade in Services Survey Act
The decrease in burden hours to 17,488 as compared to the estimate of 20,107 currently carried in OMB's Information Collection Inventory is attributed to an adjustment in agency estimated. The total overall decrease of 2,619 hours is due entirely to a decrease in the number of respondents.
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.