[Federal Register Volume 66, Number 176 (Tuesday, September 11, 2001)]
[Notices]
[Pages 47262-47263]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-22804]


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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: [email protected]. 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,[email protected].
[FR Doc. 01-22804 Filed 9-10-01; 8:45 am]
BILLING CODE 4810-25-M