[Federal Register: September 11, 2001 (Volume 66, Number 176)]
[Notices]
[Page 47262-47263]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr11se01-153]
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DEPARTMENT OF THE TREASURY
Office of the Assistant Secretary for International Affairs
Survey of U.S. Ownership of Foreign Securities as of December 31,
2001
AGENCY: Departmental Offices, Department of the Treasury.
ACTION: Notice of reporting requirements.
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SUMMARY: By this Notice, the Department of the Treasury is informing
the public that it is conducting a mandatory survey of ownership of
foreign securities by U.S. residents as of December 31, 2001. This
Notice constitutes legal notification to all United States persons
(defined below) who meet the reporting requirements set forth in this
Notice that they must respond to, and comply with, this survey. United
States persons who meet the reporting requirements but who do not
receive a set of the survey forms and instructions should contact the
Federal Reserve Bank of New York, acting as fiscal agent for the
Department of the
[[Page 47263]]
Treasury, at (212) 720-6300 to obtain a copy. Additional copies of the
reporting forms and instructions may be printed from the Internet at:
http://www.treas.gov/tic/forms.htm
Definition: A U.S. person is any individual, branch, partnership,
associated group, association, estate, trust, corporation, or other
organization (whether or not organized under the laws of any State),
and any government (including a foreign government, the United States
Government, a state, provincial, or local government, and any agency,
corporation, financial institution, or other entity or instrumentality
thereof, including a government-sponsored agency), who resides in the
United States or is subject to the jurisdiction of the United States.
Who Must Report: The following U.S. persons must report on this
survey:
U.S. persons who manage, as custodians, the safekeeping of
foreign securities for U.S. persons. These U.S. persons, who include
the affiliates in the United States of foreign entities, must report on
this survey if the total market value of the foreign securities whose
safekeeping they manage on behalf of U.S. persons--aggregated over all
accounts and for all branches and affiliates of their firm--is $100
million or more as of the close of business on December 31, 2001.
U.S. persons who own foreign securities. These U.S.
persons, who include the affiliates in the United States of foreign
entities, must report on this survey if the total market value of these
foreign securities--aggregated over all accounts and for all branches
and affiliates of their firm--is $100 million or more as of the close
of business on December 31, 2001.
What to Report: This report will collect information on U.S.
resident holdings of foreign securities, including foreign equities,
short-term debt securities (including selected money market
instruments), and long-term debt securities.
How to Report: Copies of the survey forms and instructions, which
contain complete information on reporting procedures, can be obtained
by contacting the survey staff of the Federal Reserve Bank of New York
at (212) 720-6300, e-mail: SHC.help@ny.frb.org. The mailing address is:
Federal Reserve Bank of New York, Statistics Function, 4th Floor, 33
Liberty Street, New York, NY 10045-0001.
When to Report: Data should be submitted to the Federal Reserve
Bank of New York, acting as fiscal agent for the Department of the
Treasury, by February 15, 2002.
Paperwork Reduction Act Notice: This data collection has been
approved by the Office of Management and Budget (OMB) in accordance
with the Paperwork Reduction Act and assigned control number 1505-0146.
An agency may not conduct or sponsor, and a person is not required to
respond to, a collection of information unless it displays a valid
control number assigned by OMB. The estimated average annual burden
associated with this collection of information is 16 hours per
respondent for exempt reporters, 40 hours per respondent reporting U.S.
resident custodian information on Schedule 3, 120 hours per U.S.
resident investor providing detailed information on Schedule 2, and 360
hours per U.S. resident custodian reporting detailed information on
Schedule 2. Comments concerning the accuracy of this burden estimate
and suggestions for reducing this burden should be directed to the
Department of the Treasury, Attention Administrator, International
Portfolio Investment Data Systems, Room 5205 MT, Washington, D.C.
20220, and to OMB, Attention Desk Officer for the Department of the
Treasury, Office of Information and Regulatory Affairs, Washington,
D.C. 20503.
Dated: September 6, 2001.
Dwight Wolkow,
Administrator, International Portfolio Investment Data Reporting
Systems (202) 622-1276; e-mail: dwight,wolkow@do.treas.gov.
[FR Doc. 01-22804 Filed 9-10-01; 8:45 am]
BILLING CODE 4810-25-M