[Federal Register Volume 59, Number 231 (Friday, December 2, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-29699]
[[Page Unknown]]
[Federal Register: December 2, 1994]
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DEPARTMENT OF THE TREASURY
Office of the Assistant Secretary for Economic Policy
Survey of Foreign Portfolio Investment in the United States as of
December 30, 1994
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 holdings
of United States securities as of December 30, 1994. 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) 622-8064 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 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 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 foreigners--aggregated over all accounts and for
all branches and affiliates of their firm--is $10 million or more as of
December 30, 1994.
--U.S. persons who issue securities, if the total market value of their
securities owned directly by foreigners--aggregated over all securities
issued by all subsidiaries and affiliates of the firm, including
investment companies, trusts, and other legal entities created by the
firm--is $10 million or more as of December 30, 1994. U.S. issuers
should report only foreign holdings of their securities which are
directly known to them; i.e., where issuer ownership records reflect a
foreign owner directly. 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.
WHAT TO REPORT: The survey will measure foreign holdings of all equity
securities, all debt securities with an original term-to-maturity in
excess of one year, and all options and warrants to purchase or sell
equity or long-term debt securities.
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) 622-8064.
WHEN TO REPORT: Data should be submitted to the Department of the
Treasury by March 31, 1995.
Dated: November 17, 1994.
Alicia H. Munnell,
Assistant Secretary for Economic Policy.
[FR Doc. 94-29699 Filed 12-1-94; 8:45 am]
BILLING CODE 4810-25-M
