Treasury International Capital (TIC) Form CQ-1, Report of Financial Liabilities to, and Financial Claims on, Foreign Residents, and Form CQ-2, Report of Commercial Liabilities to, and Commercial...

Forms and Documents

Document Name	Status
Form CQ-1 Treasury International Capital (TIC) Form CQ-1 "Report of Financial Liabilities to, and Financial Claims on, Foreign Residents" and Form CQ-2 "Report of Commercial Liabilities to, Form and Instruction	Modified
ss(1505-0024,CQ1-2).doc Supporting Statement A	2011-11-28

IC Document Collections

IC ID	Document Title	Status
15108	Treasury International Capital (TIC) Form CQ-1 "Report of Financial Liabilities to, and Financial Claims on, Foreign Residents" and Form CQ-2 "Report of Commercial Liabilities to, Form and Instruction	Modified

ICR Details

OMB Control No: 1505-0024	ICR Reference No: 201111-1505-009
Status: Historical Active	Previous ICR Reference No: 200811-1505-009
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: Treasury International Capital (TIC) Form CQ-1, Report of Financial Liabilities to, and Financial Claims on, Foreign Residents, and Form CQ-2, Report of Commercial Liabilities to, and Commercial...
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: 04/04/2012
	Date Received in OIRA: 12/14/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2015	36 Months From Approved	04/30/2012
Responses	816	0	832
Time Burden (Hours)	5,616	0	5,408
Cost Burden (Dollars)	0	0	0

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Abstract: Forms CQ-1 and CQ-2 are required by law to collect timely information on international portfolio capital movements, including data on financial and commercial liabilities to, and claims on, unaffiliated foreigners and certain affiliated foreigners held by non-banking enterprises in the U.S. 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): 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
   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:
	76 FR 58086	09/19/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 77314	12/12/2011
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 (TIC) Form CQ-1 "Report of Financial Liabilities to, and Financial Claims on, Foreign Residents" and Form CQ-2 "Report of Commercial Liabilities to,	CQ-1, CQ-2	CQ-1 ,   CQ-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	816	832	0	0	-16	0
Annual Time Burden (Hours)	5,616	5,408	0	0	208	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: For Forms CQ-1 and CQ-2 there will be an increase in burden hours to 5,616, as compared to the estimate of 5,408 currently carried in OMB's Information Collection Inventory. The total overall increase of 208 hours is the result of an increase in the number of major respondents, with their higher reporting burdens, that more than offsets a decrease in the number of other respondents. Thus, despite a small decrease in the total number of respondents, the number of total burden hours increases.

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Annual Cost to Federal Government: $515,591

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: 12/14/2011

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