Departmental Offices; Proposed Collections; Comment Requests

Résumé

The Department of the Treasury, as part of its continuing effort to reduce paperwork burdens, invites the general public and other Federal agencies to comment on a new information collection that is to be proposed for approval by the Office of Management and Budget. The Office of International Affairs of the Department of the Treasury is soliciting comments concerning Treasury International Capital Form SLT, Report of U.S. and Foreign Resident Aggregate Holdings of Long- Term Securities. The recent global financial crisis has highlighted the importance of enhanced surveillance of the world economy. As a consequence, the international financial community has a heightened awareness of the importance of collecting economic and financial data, including more frequent and accurate data regarding each country's external claims and liabilities. As a result, the United States needs to collect certain data on a more frequent and accurate basis, including monthly holdings of long-term securities. Data on securities are important because they constitute a large portion of U.S. external claims and liabilities. The Treasury International Capital (TIC) data reporting system currently collects mo