These Treasury International Capital
(TIC) B forms are required by law and are designed to collect
timely and readily available information on cross-border claims and
liabilities of U.S. banks, other financial institutions, and their
domestic customers. These reports are required by E.O. Number 10033
of February 8, 1949 and implementing Treasury Regulations (31
C.F.R. 128), the International Investment and Trade in Services
Survey Act (22. U.S.C. 3103), and the Bretton Woods Agreements Act
(Sec. 8(a) 59 Stat. 515; 22 U.S.C. 286f). The TIC B forms comprise
the following six forms: (1) Form BC (monthly), “Report of U.S.
Dollar Claims of Financial Institutions on Foreign Residents”, is
filed by banks, other depository institutions, bank holding
companies, financial holding companies, securities brokers and
dealers, and all other financial institutions in the United States
to report their own portfolio claims (exclusive of long-term
securities) on foreign residents. (2) Form BL-1 (monthly), “Report
of U.S. Dollar Liabilities of Financial Institutions to Foreign
Residents”, is filed by banks, other depository institutions, bank
holding companies, financial holding companies, securities brokers
and dealers, and all other financial institutions in the United
States to report their own portfolio liabilities (exclusive of
long-term securities) to foreign residents. (3) Form BL-2
(monthly), “Report of Customers’ U.S. Dollar Liabilities to Foreign
Residents”, is filed by banks, other depository institutions, bank
holding companies, financial holding companies, securities brokers
and dealers, and all other financial institutions in the United
States to report the U.S. dollar liabilities (exclusive of
long-term securities) of their domestic customers. (4) Form BQ-1
(quarterly), “Report of Customers’ U.S. Dollar Claims on Foreign
Residents”, is filed by banks, other depository institutions, bank
holding companies, financial holding companies, securities brokers
and dealers, and all other financial institutions in the United
States to report their own and their domestic customers’ portfolio
claims (exclusive of long-term securities) on foreign residents.
(5) BQ-2 (quarterly), “Part 1 - Report of Foreign Currency
Liabilities and Claims of Financial Institutions and of their
Domestic Customers’ Foreign Currency Claims with Foreign Residents;
Part 2 - Report of Customers’ Foreign Currency Liabilities to
Foreign Residents”, is filed by banks, other depository
institutions, bank holding companies, financial holding companies,
securities brokers and dealers, and all other financial
institutions in the United States to report their own liabilities
and claims (exclusive of long-term securities), and liabilities and
claims (exclusive of long-term securities) of their domestic
customers, denominated in foreign currencies. (6) Form BQ-3
(quarterly), “Report of Maturities of Selected Liabilities and
Claims of Financial Institutions with Foreign Residents”, is filed
by banks, other depository institutions, bank holding companies,
financial holding companies, brokers and dealers, and all other
financial institutions in the United States to report the
maturities of selected liabilities and claims with foreign
residents denominated in U.S. dollars or in foreign
currencies.
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
US Code: 22
USC 3103 Name of Law: International Investment and Trade in
Services Survey Act
There is a program change in
only Form BQ-1; the changes in the burden hours for all other B
forms are due to decreases in the number of respondents. For Form
BQ-1 there will be an overall decrease of 238 in burden hours to
1,254 as compared to the estimate of 1,492 currently carried in
OMB's Information Collection Inventory. There is a slight increase
of 26 hours resulting from the addition of one cell to the form
BQ-1. That increase is more than offset by a decrease of 264 hours
resulting from a decrease in the number of respondents from the
2016 level of 100 to the current level of 80. The burden for the
BC, BL-1, BL-2, BQ-2 and BQ-3 forms (110,453 hours) was previously
accounted for under separate OMB Control Numbers, which are now
being consolidated under 1505-0016. Following approval of this
consolidated Information Collection Request, OMB Control Numbers
1505-0017, 1505-0018, 1505-0019, 1505-0020 and 1505-0189 will be
discontinued.
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.
Form BL-1 Treasury International Capital (TIC) Form BL-1 "Report of U.S. Dollar Liabilities of Financial Institutions to Foreign Residents"
1505-0016 SS for B forms 2020.docx
Treasury International Capital (TIC) Form BL-1 "Report of U.S. Dollar Liabilities of Financial Institutions to Foreign Residents"