[Federal Register Volume 59, Number 231 (Friday, December 2, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-29699]


[[Page Unknown]]

[Federal Register: December 2, 1994]


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DEPARTMENT OF THE TREASURY

Office of the Assistant Secretary for Economic Policy

 

Survey of Foreign Portfolio Investment in the United States as of 
December 30, 1994

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 foreign holdings 
of United States securities as of December 30, 1994. 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 Department 
of the Treasury at (202) 622-8064 to obtain a copy.

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 the safekeeping of U.S. securities (as 
specified below) for foreign persons. These U.S. persons, who include 
the affiliates in the United States of foreign entities, and are 
henceforth referred to as U.S. custodians, must report on this survey 
if the total market value of the U.S. securities whose safekeeping they 
manage on behalf of foreigners--aggregated over all accounts and for 
all branches and affiliates of their firm--is $10 million or more as of 
December 30, 1994.
--U.S. persons who issue securities, if the total market value of their 
securities owned directly by foreigners--aggregated over all securities 
issued by all subsidiaries and affiliates of the firm, including 
investment companies, trusts, and other legal entities created by the 
firm--is $10 million or more as of December 30, 1994. U.S. issuers 
should report only foreign holdings of their securities which are 
directly known to them; i.e., where issuer ownership records reflect a 
foreign owner directly. Securities held by U.S. nominees, such as bank 
or broker custody departments, should be considered to be U.S.-held 
securities as far as the issuer is concerned.

WHAT TO REPORT: The survey will measure foreign holdings of all equity 
securities, all debt securities with an original term-to-maturity in 
excess of one year, and all options and warrants to purchase or sell 
equity or 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 at (202) 622-8064.

WHEN TO REPORT: Data should be submitted to the Department of the 
Treasury by March 31, 1995.

    Dated: November 17, 1994.
Alicia H. Munnell,
Assistant Secretary for Economic Policy.
[FR Doc. 94-29699 Filed 12-1-94; 8:45 am]
BILLING CODE 4810-25-M