[Federal Register Volume 81, Number 234 (Tuesday, December 6, 2016)]
[Notices]
[Page 88003]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-29180]


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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, 2016

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, 2016. 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 (2016) and 
instructions may be printed from the Internet at: https://www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms-sh.aspx#shc.
    Definition: Pursuant to 22 U.S.C. 3102 a United States 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 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 $200 million or more as of the close of 
business on December 31, 2016.
     U.S. persons who own foreign securities for their own 
portfolios and/or who invest in foreign securities on behalf of others, 
such as investment managers/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 $200 million 
or more as of the close of business on December 31, 2016.
     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 $200 
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: Copies of the survey forms and instructions, which 
contain complete information on reporting procedures and definitions, 
may be obtained at the Web site address given above in the Summary. 
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]. Inquiries 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 3, 2017.
    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 17 hours per 
respondent for exempt respondents, 41 hours per respondent for end-
investors and custodians that file Schedule 3 reports covering their 
securities entrusted to U.S. resident custodians, 121 hours per 
respondent for large end-investors filing Schedule 2 reports, and 361 
hours per respondent for large custodians of securities filing Schedule 
2 reports. 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, 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. 2016-29180 Filed 12-5-16; 8:45 am]
 BILLING CODE 4810-25-P