Treasury International Capital Form SLT, "Aggregate Holdings of Long-Term Securities by U.S. and Foreign Residents"

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
ss-SLT(1505-0235)(5-20-2014).doc	Supporting Statement A	Uploaded 2014-05-20	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
197096	TIC Form SLT	Instruction	Modified

ICR Details

OMB Control No: 1505-0235	ICR Reference No: 201404-1505-004
Status: Historical Active	Previous ICR Reference No: 201103-1505-004
Agency/Subagency: TREAS/DO	Agency Tracking No: TIC Form SLT
Title: Treasury International Capital Form SLT, "Aggregate Holdings of Long-Term Securities by U.S. and 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: 04/09/2015
	Date Received in OIRA: 06/12/2014
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2018	36 Months From Approved	04/30/2015
Responses	4,896	0	1,800
Time Burden (Hours)	42,912	0	20,520
Cost Burden (Dollars)	0	0	0

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Abstract: Form SLT is part of the Treasury International Capital (TIC) reporting system, which is required by law (22 U.S.C. § 286f; 22 U.S.C. § 3103; E.O. 10033; 31 C.F.R. Part 128) for the purpose of providing timely information on international capital movements. Form SLT is used to collect monthly data on cross-border ownership by U.S. and foreign residents of long-term securities for portfolio investment purposes. These data is used by the U.S. Government in the formulation of international and financial policies and for the preparation of the U.S. balance of payments accounts and the U.S. international investment position. Form SLT is filed by U.S.-resident custodians, U.S.-resident issuers of long-term securities, and U.S.-resident end-investors (including endowments, foundations, pension funds, mutual funds, and other investment managers/advisors/sponsors) in long-term foreign securities.

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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; Feb. 8, 1949
   US Code: 22 USC 286f Name of Law: Bretton Woods Agreements Act (59 Stat. 515)
  

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:
	79 FR 8538	02/12/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 30235	05/27/2014
Did the Agency receive public comments on this ICR? Yes

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

table that charts list of burden

IC Title	Form No.	Form Name
TIC Form SLT	Form SLT	Aggregate Holdings of Long-Term Securities by U.S. and Foreign Residents

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ICR Summary of Burden

table that charts list 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	4,896	1,800	0	0	3,096	0
Annual Time Burden (Hours)	42,912	20,520	0	0	22,392	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: When the changes become effective (report as of June 2014) for Form SLT, there will be an increase in burden hours to 42,912 as compared to the estimate of 20,520 currently carried in OMB's Information Collection Inventory. The total overall increase of 22,392 hours is entirely the result of an increase in the number of respondents.

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Annual Cost to Federal Government: $1,294,851

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: 06/12/2014

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