Treasury International Capital Form BL-1, "Report of U.S. Dollar Liabilities of Financial Institutions to Foreign Residents"

Forms and Documents

Document	Type	Status	Availability
ss(1505-0019,BL1).doc	Supporting Statement A	Uploaded 2013-07-01	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
15096	Treasury International Capital Form BL-1, "Report of U.S. Dollar Liabilities of Financial Institutions to Foreign Residents"	Instruction	Modified

ICR Details

OMB Control No: 1505-0019	ICR Reference No: 201306-1505-006
Status: Historical Active	Previous ICR Reference No: 201111-1505-006
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: Treasury International Capital Form BL-1, "Report of U.S. Dollar Liabilities of Financial Institutions to 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: 08/09/2013
	Date Received in OIRA: 07/08/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2016	36 Months From Approved	03/31/2015
Responses	4,380	0	4,176
Time Burden (Hours)	34,042	0	29,484
Cost Burden (Dollars)	0	0	0

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Abstract: Form BL-1 is required by law and is designed to collect timely information on international portfolio capital movements, in particular U.S. dollar liabilities of U.S. resident financial institutions to foreign residents. The 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 3103 Name of Law: International Investment and Trade in Services Survey Act
   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
  

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:
	78 FR 339	01/03/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 40548	07/05/2013
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 BL-1, "Report of U.S. Dollar Liabilities of Financial Institutions to Foreign Residents"	BL-1	BL-1

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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	4,380	4,176	0	432	-228	0
Annual Time Burden (Hours)	34,042	29,484	0	6,118	-1,560	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: The total overall increase is the result of an increase of 6,118 hours due to program changes and a decrease of 1,560 hours due to a decrease in the number of respondents. The program changes were needed to meet new international financial reporting standards. The new standards were met by (a) movement of a number of respondents from the TIC C-forms to the TIC B-forms, and (b) the addition of two new rows in the "of which" items at the end of the form: new row "Liabilities to Foreign-Resident Non-Bank Financial Institutions," and new row "Unpaid Insurance Claims and Prepaid Insurance Premiums."

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Annual Cost to Federal Government: $1,748,898

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: 07/08/2013

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