Form BL-2 is required by law and is
designed to collect timely information on international portfolio
capital movements, in particular U.S. dollar liabilities of
customers 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.
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
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.