Office of the Assistant Secretary for International Affairs; Survey of U.S. Ownership of Foreign Securities as of December 31, 2017, 58694-58695 [2017-26824]

Download as PDF sradovich on DSK3GMQ082PROD with NOTICES 58694 Federal Register / Vol. 82, No. 238 / Wednesday, December 13, 2017 / Notices specific information collection listed below. You must reference the information collection’s title, form number, reporting or record-keeping requirement number, and OMB number (if any) in your comment. Requests for additional information, or copies of the information collection and instructions, or copies of any comments received, contact Elaine Christophe, at (202) 317– 5745, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet, at Elaine.H.Christophe@irs.gov. SUPPLEMENTARY INFORMATION: The IRS is seeking comments concerning the reporting and/or recordkeeping requirements of TD 8824. Title: Limitations on Net Operating Loss Carry-forwards and Certain Built-in Losses and Credits Following an Ownership Change of a Consolidated Group. OMB Number: 1545–1218. Regulation Project Number: TD 8824. Abstract: Section 1502 provides for the promulgation of regulations with respect to corporations that file consolidated income tax returns. Section 382 limits the amount of income that can be offset by loss carryovers and credits after an ownership change. These final regulations provide rules for applying section 382 to groups of corporations that file a consolidated return. Current Actions: There is no change to this existing regulation. Type of Review: Extension of currently approved collection. Affected Public: Business or other forprofit. Estimated Number of Respondents: 12,054. Estimated Time per Respondent: 20 minutes. Estimated Total Annual Burden Hours: 662. The following paragraph applies to all of the collections of information covered by this notice: An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in our request for Office of Management and Budget (OMB) approval of the relevant VerDate Sep<11>2014 18:53 Dec 12, 2017 Jkt 244001 information collection. All comments will become a matter of public record. Please do not include any confidential or inappropriate material in your comments. We invite comments on: (a) Whether the collection of information is necessary for the proper performance of the agency’s functions, including whether the information has practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide the requested information. Approved: December 6, 2017. T. Pinkston, Supervisory Tax Analyst. [FR Doc. 2017–26877 Filed 12–12–17; 8:45 am] BILLING CODE 4830–01–P 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 Departmental Offices, Department of the Treasury. ACTION: Notice of reporting requirements. AGENCY: 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: 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 SUMMARY: PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 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: SHC.help@ny.frb.org. Inquiries can also be made to Dwight Wolkow at (202) 622–1276, email: comments2TIC@ do.treas.gov. 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 endinvestors 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 E:\FR\FM\13DEN1.SGM 13DEN1 Federal Register / Vol. 82, No. 238 / Wednesday, December 13, 2017 / Notices 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 58695 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] sradovich on DSK3GMQ082PROD with NOTICES BILLING CODE 4810–25–P VerDate Sep<11>2014 18:53 Dec 12, 2017 Jkt 244001 PO 00000 Frm 00108 Fmt 4703 Sfmt 9990 E:\FR\FM\13DEN1.SGM 13DEN1

Agencies

[Federal Register Volume 82, Number 238 (Wednesday, December 13, 2017)]
[Notices]
[Pages 58694-58695]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-26824]


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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, 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: 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 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
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