[Federal Register Volume 71, Number 200 (Tuesday, October 17, 2006)]
[Notices]
[Pages 61140-61141]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-17159]


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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, 2006

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, 2006. 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 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) 720-6300 to obtain a copy. Additional copies of the reporting 
form SHC (end-Dec. 2006) and instructions may be printed from the 
Internet at: http://www.treas.gov/tic/forms-sh.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:
     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,

[[Page 61141]]

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, 2006.
     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, 2006.
    What to Report: This report will collect information on U.S. 
resident holdings of foreign securities, i.e. equities, long-term debt 
securities, and short-term debt securities (including selected money 
market instruments).
    How to Report: Copies of the survey forms and instructions, which 
contain complete information on reporting procedures, may be obtained 
at the Web site address given above in the SUMMARY, or 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 must be submitted to the Federal Reserve Bank 
of New York, acting as fiscal agent for the Department of the Treasury, 
by March 2, 2007.
    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 Reporting Systems, Room 5422 MT, Washington, 
DC 20220, and to OMB, Attention Desk Officer for the Department of the 
Treasury, Office of Information and Regulatory Affairs, Washington, DC 
20503.

    Dated: October 11, 2006.
Dwight Wolkow,
Administrator, International Portfolio Investment Data Reporting 
Systems.
 [FR Doc. E6-17159 Filed 10-16-06; 8:45 am]
BILLING CODE 4810-37-P