82 FR 58694 - Office of the Assistant Secretary for International Affairs; Survey of U.S. Ownership of Foreign Securities as of December 31, 2017
DEPARTMENT OF THE TREASURY Federal Register Volume 82, Issue 238 (December 13, 2017)
Federal Register Volume 82, Issue 238 (December 13, 2017)
| Page Range | 58694-58695 | |
| FR Document | 2017-26824 |
[Federal Register Volume 82, Number 238 (Wednesday, December 13, 2017)] [Notices] [Pages 58694-58695] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-26824] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Assistant Secretary for International Affairs; Survey of U.S. Ownership of Foreign Securities as of December 31, 2017 AGENCY: Departmental Offices, Department of the Treasury. ACTION: Notice of reporting requirements. ----------------------------------------------------------------------- SUMMARY: By this Notice, 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, 2017. 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 SHCA (2017) 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 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 reporting panel is based upon the data submitted for the 2016 Benchmark survey and the June 2017 TIC report Aggregate Holdings of Long-Term Securities by U.S. and Foreign Residents (TIC SLT). Entities required to report will be contacted individually by the Federal Reserve Bank of New York. Entities not contacted by the Federal Reserve Bank of New York have no reporting responsibilities. 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 website 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 2, 2018. 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 49 hours per respondent for end-investors and custodians that file Schedule 3 reports covering their securities entrusted to U.S. resident custodians, 146 hours per respondent for large end-investors filing Schedule 2 reports, and 546 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 [[Page 58695]] 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. 2017-26824 Filed 12-12-17; 8:45 am] BILLING CODE 4810-25-P
![58694 Federal Register / Vol. 82, No. 238 / Wednesday, December 13, 2017 / Notices
specific information collection listed information collection. All comments other entity or instrumentality thereof,
below. You must reference the will become a matter of public record. including a government-sponsored
information collection’s title, form Please do not include any confidential agency), who resides in the United
number, reporting or record-keeping or inappropriate material in your States or is subject to the jurisdiction of
requirement number, and OMB number comments. the United States.
(if any) in your comment. Requests for We invite comments on: (a) Whether Who Must Report: The reporting panel
additional information, or copies of the the collection of information is is based upon the data submitted for the
information collection and instructions, necessary for the proper performance of 2016 Benchmark survey and the June
or copies of any comments received, the agency’s functions, including 2017 TIC report Aggregate Holdings of
contact Elaine Christophe, at (202) 317– whether the information has practical Long-Term Securities by U.S. and
5745, at Internal Revenue Service, Room utility; (b) the accuracy of the agency’s Foreign Residents (TIC SLT). Entities
6526, 1111 Constitution Avenue NW, estimate of the burden of the collection required to report will be contacted
Washington, DC 20224, or through the of information; (c) ways to enhance the individually by the Federal Reserve
internet, at Elaine.H.Christophe@irs.gov. quality, utility, and clarity of the Bank of New York. Entities not
SUPPLEMENTARY INFORMATION:
information to be collected; (d) ways to contacted by the Federal Reserve Bank
The IRS is seeking comments minimize the burden of the collection of of New York have no reporting
concerning the reporting and/or record- information on respondents, including responsibilities.
the use of automated collection What to Report: This report will
keeping requirements of TD 8824.
techniques or other forms of information collect information on holdings by U.S.
Title: Limitations on Net Operating
technology; and (e) estimates of capital residents of foreign securities, including
Loss Carry-forwards and Certain Built-in
or start-up costs and costs of operation, equities, long-term debt securities, and
Losses and Credits Following an short-term debt securities (including
Ownership Change of a Consolidated maintenance, and purchase of services
to provide the requested information. selected money market instruments).
Group. How to Report: Copies of the survey
OMB Number: 1545–1218. Approved: December 6, 2017.
forms and instructions, which contain
Regulation Project Number: TD 8824. T. Pinkston, complete information on reporting
Abstract: Section 1502 provides for Supervisory Tax Analyst. procedures and definitions, may be
the promulgation of regulations with [FR Doc. 2017–26877 Filed 12–12–17; 8:45 am] obtained at the website address given
respect to corporations that file BILLING CODE 4830–01–P above in the Summary. Completed
consolidated income tax returns. reports can be submitted electronically
Section 382 limits the amount of income or mailed to the Federal Reserve Bank
that can be offset by loss carryovers and DEPARTMENT OF THE TREASURY of New York, Statistics Function, 4th
credits after an ownership change. Floor, 33 Liberty Street, New York, NY
These final regulations provide rules for Office of the Assistant Secretary for 10045–0001. Inquiries can be made to
applying section 382 to groups of International Affairs; Survey of U.S. the survey staff of the Federal Reserve
corporations that file a consolidated Ownership of Foreign Securities as of Bank of New York at (212) 720–6300 or
return. December 31, 2017 email: SHC.help@ny.frb.org. Inquiries
Current Actions: There is no change to AGENCY: Departmental Offices, can also be made to Dwight Wolkow at
this existing regulation. Department of the Treasury. (202) 622–1276, email: comments2TIC@
Type of Review: Extension of do.treas.gov.
ACTION: Notice of reporting
currently approved collection. When to Report: Data must be
requirements.
Affected Public: Business or other for- submitted to the Federal Reserve Bank
profit. SUMMARY: By this Notice, the of New York, acting as fiscal agent for
Estimated Number of Respondents: Department of the Treasury is informing the Department of the Treasury, by
12,054. the public that it is conducting a March 2, 2018.
Estimated Time per Respondent: 20 mandatory survey of ownership of Paperwork Reduction Act Notice: This
minutes. foreign securities by U.S. residents as of data collection has been approved by
Estimated Total Annual Burden December 31, 2017. This Notice the Office of Management and Budget
Hours: 662. constitutes legal notification to all (OMB) in accordance with the
The following paragraph applies to all United States persons (defined below) Paperwork Reduction Act and assigned
of the collections of information covered who meet the reporting requirements set control number 1505–0146. An agency
by this notice: forth in this Notice that they must may not conduct or sponsor, and a
An agency may not conduct or respond to, and comply with, this person is not required to respond to, a
sponsor, and a person is not required to survey. The reporting form SHCA (2017) collection of information unless it
respond to, a collection of information and instructions may be printed from displays a valid control number
unless the collection of information the internet at: http://www.treasury.gov/ assigned by OMB. The estimated
displays a valid OMB control number. resource-center/data-chart-center/tic/ average annual burden associated with
Books or records relating to a collection Pages/forms-sh.aspx#shc. this collection of information is 49
of information must be retained as long Definition: Pursuant to 22 U.S.C. 3102 hours per respondent for end-investors
as their contents may become material a United States person is any and custodians that file Schedule 3
in the administration of any internal individual, branch, partnership, reports covering their securities
revenue law. Generally, tax returns and associated group, association, estate, entrusted to U.S. resident custodians,
sradovich on DSK3GMQ082PROD with NOTICES
tax return information are confidential, trust, corporation, or other organization 146 hours per respondent for large end-
as required by 26 U.S.C. 6103. (whether or not organized under the investors filing Schedule 2 reports, and
Request for Comments: Comments laws of any State), and any government 546 hours per respondent for large
submitted in response to this notice will (including a foreign government, the custodians of securities filing Schedule
be summarized and/or included in our United States Government, a State or 2 reports. Comments concerning the
request for Office of Management and local government, and any agency, accuracy of this burden estimate and
Budget (OMB) approval of the relevant corporation, financial institution, or suggestions for reducing this burden
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![Federal Register / Vol. 82, No. 238 / Wednesday, December 13, 2017 / Notices 58695
should be directed to the Department of Attention: Desk Officer for the Information and Regulatory Affairs,
the Treasury, Attention: Administrator, Department of the Treasury, Office of Washington, DC 20503.
International Portfolio Investment Data
Dwight Wolkow,
Reporting Systems, Room 5422,
Washington, DC 20220, and to OMB, Administrator, International Portfolio
Investment Data Reporting Systems.
[FR Doc. 2017–26824 Filed 12–12–17; 8:45 am]
BILLING CODE 4810–25–P
sradovich on DSK3GMQ082PROD with NOTICES
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Document Created: 2017-12-13 01:23:44
Document Modified: 2017-12-13 01:23:44
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice of reporting requirements. | |
| FR Citation | 82 FR 58694 |
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