[Federal Register Volume 74, Number 76 (Wednesday, April 22, 2009)]
[Notices]
[Pages 18438-18439]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-9184]


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DEPARTMENT OF THE TREASURY


Office of the Assistant Secretary for International Affairs; 
Survey of Foreign Ownership of U.S. Securities as of June 30, 2009

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, 2009. This mandatory survey 
is conducted under the authority of the International Investment and 
Trade in Services Survey Act (22 U.S.C. 3101 et seq.). 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. Additional 
copies of the reporting forms SHL (2009) 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:
    (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 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, 2009.
    (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, 2009. 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.
    (3) U.S. persons who receive a letter from the Federal Reserve Bank 
of New York that requires the recipient of the letter to file Schedule 
1, even if the recipient is under the exemption level of $100 million 
and need only report ``exempt'' on Schedule 1.
    What To Report: This report 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 the Federal Reserve Board of Governors, 
at (202) 452-3476, or to Dwight Wolkow, at (202) 622-1276, or by 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, 2009.
    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 486

[[Page 18439]]

hours per report for the largest custodians of securities, and 110 
hours per report for the largest issuers of securities that have data 
to report and are not custodians. Comments concerning the accuracy of 
this burden estimate and suggestions for reducing this burden should be 
directed to the Department of the Treasury, Office of International 
Affairs, Attention Administrator, International Portfolio Investment 
Data Reporting Systems, Room 5422, 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. E9-9184 Filed 4-21-09; 8:45 am]
BILLING CODE 4810-25-P