[Federal Register Volume 62, Number 212 (Monday, November 3, 1997)]
[Notices]
[Pages 59384-59385]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-29021]
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DEPARTMENT OF THE TREASURY
Office of the Assistant Secretary for Economic Policy
Survey of United States Ownership of Foreign Long-Term Securities
as of December 31, 1997
agency: Department 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 the ownership of
foreign long-term securities by United States residents as of December
31, 1997. 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. United States persons who meet the reporting requirements but
who do not receive a set of the survey forms and instructions should
contact the Department of the Treasury at (202) 622-2240 to obtain a
copy.
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
[[Page 59385]]
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
long-term securities (as specified below) for United States persons.
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 the foreign long-term 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 $20 million or more as of
December 31, 1997.
--U.S. persons who own foreign long-term securities, if the total
market value of their securities owned is $20 million or more as of
December 31, 1997.
What To Report: The survey will measure U.S. holdings of all
foreign equity securities, and all foreign debt securities with an
original term-to-maturity in excess of one year.
How To Report: Copies of the survey forms and instructions, which
contain complete information on reporting procedures, can be obtained
by contacting the survey staff at (202) 622-2240.
When To Report: Data should be submitted to the Department of the
Treasury by March 31, 1998.
Dated: October 22, 1997.
Robert Gillingham,
Deputy Assistant Secretary Policy Coordination.
[FR Doc. 97-29021 Filed 10-31-97; 8:45 am]
BILLING CODE 4810-25-M
