[Federal Register Volume 69, Number 53 (Thursday, March 18, 2004)]
[Notices]
[Pages 12899-12900]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-6056]


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DEPARTMENT OF THE TREASURY


Office of International Affairs; Survey of Foreign Ownership of 
U.S. Securities as of June 30, 2004

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 
ownership of U.S. securities as of June 30, 2004. 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. Copies of the 
reporting forms SHL and instructions may be printed from the Internet 
at: http://www.treas.gov/tic/forms.html.
    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: (1) U.S. persons who manage the safekeeping of U.S. securities 
(as specified below) for foreign persons. These U.S. persons, who 
include the

[[Page 12900]]

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 
U.S. branches and affiliates of their firm--is $100 million or more as 
of June 30, 2004.
    (2) 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 U.S. subsidiaries and affiliates of the firm, 
including investment companies, trusts, and other legal entities 
created by the firm--is $100 million or more as of June 30, 2004. U.S. 
issuers should report only foreign holdings of their securities which 
are directly held for foreign residents, i.e., where no U.S.-resident 
custodian or central securities depository is used. 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: This survey will collect information on foreign 
resident holdings of U.S. securities, including 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 and definitions, 
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. 
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 August 31, 2004.
    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 1505-0123. 
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, 48 hours per respondent for issuers of 
securities (but this figure will vary widely for individual issuers, up 
to about 136 hours), and 176 hours per respondent for custodians of 
securities (but this figure will vary widely for individual custodians, 
up to about 472 hours). 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 4410 @ 1440NYA, Washington, DC 
20220, and to OMB, Attention Desk Officer for the Department of the 
Treasury, Office of Information and Regulatory Affairs, Washington, DC 
20503.

Dwight Wolkow,
Administrator, International Portfolio Investment Data Reporting 
Systems.
[FR Doc. 04-6056 Filed 3-17-04; 8:45 am]
BILLING CODE 4810-25-P