[Federal Register Volume 76, Number 217 (Wednesday, November 9, 2011)]
[Notices]
[Pages 69798-69799]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-29060]


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DEPARTMENT OF THE TREASURY


Survey of U.S. Ownership of Foreign Securities as of December 31, 
2011

AGENCY: Departmental Offices, Department of the Treasury.

ACTION: Notice of reporting requirements.

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SUMMARY: By this Notice and in accordance with 31 CFR 129, 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, 2011. 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. The reporting form SHC (2011) and 
instructions may be printed from the Internet at: http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms-sh.aspx#shc.
    Definition: Pursuant to 22 USC 3102, a United States person is any 
individual, branch, partnership, associated group, association, estate, 
trust, corporation, or other organization

[[Page 69799]]

(whether or not organized under the laws of any State), and any 
government (including a foreign government, the United States 
Government, a State 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 themselves and other 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 fair value of the 
foreign securities whose safekeeping they manage on behalf of U.S. 
persons--aggregated over all accounts and for all U.S. branches and 
affiliates of their firm--is $100 million or more as of the close of 
business on December 31, 2011.
     U.S. persons who own foreign securities and or who invest 
in foreign securities on behalf of others, such as investment mangers/
fund sponsors. These U.S. persons (referred to as ``end-investors''), 
who include the affiliates in the United States of foreign entities, 
must report on this survey if the total fair value of these foreign 
securities--aggregated over all accounts and for all U.S. branches and 
affiliates of their firm--is $100 million or more as of the close of 
business on December 31, 2011.
     U.S. persons who are notified by letter from the Federal 
Reserve Bank of New York. These U.S. persons must file Schedule 1, even 
if the recipient of the letter is under the reporting threshold of $100 
million and need only report ``exempt'' on Schedule 1. These U.S. 
persons who meet the reporting threshold must also file Schedule 2 and/
or Schedule 3.
    What to Report: This report will collect information on holdings by 
U.S. residents of foreign securities, including equities, long-term 
debt securities, and short-term debt securities (including selected 
money market instruments).
    How to Report: Completed reports can be submitted electronically or 
mailed to the Federal Reserve Bank of New York, Statistics Function, 
4th Floor, 33 Liberty Street, New York, NY 10045-0001. Inquiries can be 
made to the survey staff of the Federal Reserve Bank of New York at 
(212) 720-6300 or email: [email protected]. Inquires can also be made 
to Dwight Wolkow at (202) 622-1276, email: [email protected].
    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, 2012.
    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 end-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.

Dwight Wolkow,
Administrator, International Portfolio Investment Data Reporting 
Systems.
[FR Doc. 2011-29060 Filed 11-8-11; 8:45 am]
BILLING CODE 4810-25-P