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), âReport of U.S. Dollar Claims of Financial Institutions on Foreign Residentsâ, 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), âReport of U.S. Dollar Liabilities of Financial Institutions to Foreign Residentsâ, 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), âReport of Customersâ U.S. Dollar Liabilities to Foreign Residentsâ, 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), âReport of Customersâ U.S. Dollar Claims on Foreign Residentsâ, 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 customersâ portfolio claims (exclusive of long-term securities) on foreign residents.
(5) BQ-2 (quarterly), âPart 1 - Report of Foreign Currency Liabilities and Claims of Financial Institutions and of their Domestic Customersâ Foreign Currency Claims with Foreign Residents; Part 2 - Report of Customersâ Foreign Currency Liabilities to Foreign Residentsâ, 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), âReport of Maturities of Selected Liabilities and Claims of Financial Institutions with Foreign Residentsâ, 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.
Treasury International Capital (TIC) Form BL-1 "Report of U.S. Dollar Liabilities of Financial Institutions to Foreign Residents"