[Federal Register Volume 65, Number 11 (Tuesday, January 18, 2000)]
[Notices]
[Pages 2671-2672]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-1018]


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DEPARTMENT OF THE TREASURY

Office of the Assistant Secretary for International Affairs


Survey of Foreign Portfolio Investment in the United States as of 
March 31, 2000

AGENCY:  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 March 31, 2000. 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 Treasury, at (212) 720-8211 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,

[[Page 2672]]

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 foreign persons--aggregated over all accounts and 
for all branches and affiliates of their firm--is $20 million or more 
as of March 31, 2000.
--U.S. persons who issue securities, if the total market value of their 
securities owned directly by foreign persons--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 $20 million or more as of March 31, 2000. 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, and all debt securities with an original term-to-
maturity in excess of one year.
    HOW TO REPORT: Copies of the survey forms and instructions, which 
contain complete information on reporting procedures, can be obtained 
by contacting Mr. Tony Alvarez at (212) 720-8211 or the survey staff at 
(212) 720-6300, e-mail: [email protected] or 
[email protected]. The mailing address is: Federal Reserve Bank 
of New York, Foreign Portfolio Investment Unit, Second Floor, 33 
Liberty Street, New York, NY 10045-0001. Inquiries can also be made to 
Mr. William L. Griever, Federal Reserve Board of Governors, at (202) 
452-2924, e-mail: [email protected]; or to Dwight Wolkow at 
(202) 622-1276, e-mail: [email protected].
    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 June 30, 2000.
    PAPERWORK REDUCTON 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 1505-0123. 
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 for issuers of 
securities, and 160 hours per respondent for custodians of securities. 
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: January 11, 2000.Dated: January 11, 2000.
Dwight Wolkow,
Administrator, International Portfolio Investment Data Reporting 
Systems.
[FR Doc. 00-1018 Filed 1-14-00; 8:45 am]
BILLING CODE 4810-25-M