Mandatory Survey of Foreign-Residents' Holdings of U.S. Securities, 48218-48219 [2024-12251]

Download as PDF khammond on DSKJM1Z7X2PROD with NOTICES 48218 Federal Register / Vol. 89, No. 109 / Wednesday, June 5, 2024 / Notices Seyyed Khandan Bridge Barazandeh, Number 16, Second Floor, Tehran, Iran; Additional Sanctions Information— Subject to Secondary Sanctions; Organization Established Date 03 Jun 2009; National ID No. 10103974666 (Iran); Registration Number 350871 (Iran) [NPWMD] [IFSR] (Linked To: PARSAJAM, Mohsen). Designated pursuant to section 1(a)(iv) of E.O. 13382 for being owned or controlled by, or acting or purporting to act for or on behalf of, directly or indirectly, PARSAJAM, Mohsen, a person whose property and interests in property are blocked pursuant to E.O. 13382. 2. FANAVARIHAYE HAVA PISHRAN SAZEH SEPEHR CO LLC, North Sohrevardi St., Barazandeh P. 24 Floor 1, Tehran, Iran; Additional Sanctions Information—Subject to Secondary Sanctions; Organization Established Date 11 Sep 2013; National ID No. 14003633494 (Iran); Registration Number 443744 (Iran) [NPWMD] [IFSR] (Linked To: RAYAN FAN KAV ANDISH CO). Designated pursuant to section 1(a)(iv) of E.O. 13382 for being owned or controlled by, or acting or purporting to act for or on behalf of, directly or indirectly, RAYAN FAN KAV ANDISH CO, a person whose property and interests in property are blocked pursuant to E.O. 13382. 3. KISH MECHATRONICS CO, Iran; Additional Sanctions Information— Subject to Secondary Sanctions; Organization Established Date 26 Jul 2005; National ID No. 10861551083 (Iran); Registration Number 3473 (Iran) [NPWMD] [IFSR] (Linked To: HAKEMZADEH, Farshad). Designated pursuant to section 1(a)(iv) of E.O. 13382 for being owned or controlled by, or acting or purporting to act for or on behalf of, directly or indirectly, HAKEMZADEH, Farshad, a person whose property and interests in property are blocked pursuant to E.O. 13382. 4. MERSAD MOHAJER CO LLC, Central District, Railway Town, Yas 4th St., South Yasman St., No. 2, Third Floor, North Unit, Tehran 1494734004, Iran; North Sohrevardi St., Barazandeh St., No. 24, Floor 2, Tehran 1555734651, Iran; Additional Sanctions Information—Subject to Secondary Sanctions; Organization Established Date 17 Jun 2007; National ID No. 10103361637 (Iran); Registration Number 299103 (Iran) [NPWMD] [IFSR] (Linked To: RAYAN FAN KAV ANDISH CO). Designated pursuant to section 1(a)(iv) of E.O. 13382 for being owned or controlled by, or acting or purporting VerDate Sep<11>2014 16:50 Jun 04, 2024 Jkt 262001 to act for or on behalf of, directly or indirectly, RAYAN FAN KAV ANDISH CO, a person whose property and interests in property are blocked pursuant to E.O. 13382. Dated: May 31, 2024. Bradley T. Smith, Director, Office of Foreign Assets Control, U.S. Department of the Treasury. [FR Doc. 2024–12304 Filed 6–4–24; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Mandatory Survey of ForeignResidents’ Holdings of U.S. Securities 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 Foreign-Residents’ Holdings of U.S. Securities as of June 28, 2024. (This is a date-change from 89 FR 16622.) 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. Additional copies of the reporting forms SHL (2024) and instructions may be printed from the internet at: https://home.treasury.gov/ data/treasury-international-capital-ticsystem-home-page/tic-formsinstructions/forms-shl. SUPPLEMENTARY INFORMATION: 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), or any government (including a foreign government, the United States Government, a State or local government, or any agency, corporation, financial institution, or other entity or instrumentality thereof, including a government-sponsored agency), residing in the United States or subject to the jurisdiction of the United States. Who Must Report: This mandatory survey is conducted under the authority of the International Investment and Trade in Services Survey Act (22 U.S.C. 3101 et seq.) and in accordance with 31 CFR 129. The following U.S. persons must report on this survey: (1) 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 SUMMARY: PO 00000 Frm 00077 Fmt 4703 Sfmt 4703 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 foreign persons— aggregated over all accounts and for all U.S. branches and affiliates of their firm—is $200 million or more as of June 28, 2024. (2) U.S. persons who issue securities, if the total market value of their securities owned directly by foreign persons—aggregated over all securities issued by all U.S. subsidiaries and affiliates of the firm, including investment companies, trusts, and other legal entities created by the firm—is $200 million or more as of June 28, 2024. U.S. issuers should report only foreign holdings of their securities that are directly held for foreign residents, i.e., where no U.S.-resident custodian or central securities depository is used. 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. (3) U.S. persons who receive a letter from the Federal Reserve Bank of New York that requires the recipient of the letter to file Schedule 1, even if the recipient is under the exemption level of $200 million and need only report ‘‘exempt’’ on Schedule 1. What To Report: This report will collect information on foreign resident holdings of U.S. securities, including equities, short-term debt securities (including selected money market instruments), and long-term debt securities. 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, or by contacting the survey staff of the Federal Reserve Bank of New York at (212) 720–6300 or (646) 720–6300, email: SHLA.help@ ny.frb.org. The mailing address is: Federal Reserve Bank of New York, Data and Statistics Function, 6th Floor, 33 Liberty Street, New York, NY 10045– 0001. Inquiries can also be made to the Federal Reserve Board of Governors, at (202) 452–3476, or to Dwight Wolkow, at (202) 622–1276, or by email: comments2TIC@do.treas.gov. When To Report: Data should be submitted to the Federal Reserve Bank of New York, acting as fiscal agent for the Department of the Treasury, by August 30, 2024. Paperwork Reduction Act Notice: This data collection has been approved by the Office of Management and Budget (OMB) in accordance with the E:\FR\FM\05JNN1.SGM 05JNN1 Federal Register / Vol. 89, No. 109 / Wednesday, June 5, 2024 / Notices Paperwork Reduction Act and assigned control number 1505–0123. 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 321 hours per report for custodians of securities (the burden varies widely and we estimate 486 hours for the largest custodians), 61 hours per report for issuers of securities that have data to report and are not custodians (we estimate 110 hours for the largest issuers), and 17 hours per report for those who file as exempt in a benchmark survey. Comments concerning the accuracy of this burden estimate and suggestions for reducing this burden should be directed to the Department of the Treasury, Office of International Affairs, Attention: Administrator, International Portfolio Investment Data Reporting Systems, Room 1050, Washington, DC 20220, or by email: comments2TIC@do.treas.gov, 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. Insider Risk Management Records. Treasury/IRS 34.018 [Corrected] [FR Doc. 2024–12251 Filed 6–4–24; 8:45 am] BILLING CODE 4810–AK–P DEPARTMENT OF TREASURY [Docket No. TREAS–DO–2024–0003] RIN 1505–AC84 Privacy Act of 1974; Correction Internal Revenue Service, Department of Treasury. ACTION: Notice; correction. AGENCY: The Internal Revenue Service (IRS) is correcting a new System of Record Notice (SORN), ‘‘Insider Risk Management Records. Treasury/IRS 34.018’’ that appeared in the Federal Register on May 3, 2024. The IRS would like to include corrections to the CATEGORIES OF RECORDS IN THE SYSTEM section to include Potential Risk Identifiers (PRIs). Also, correct the specific exemptions reference to the EXEMPTIONS PROMULGATED FOR THE SYSTEM section to align correctly with the Notice of Proposed Rulemaking. khammond on DSKJM1Z7X2PROD with NOTICES SUMMARY: DATES: Effective June 3, 2024. FOR FURTHER INFORMATION CONTACT: Chief Risk Officer, Internal Revenue VerDate Sep<11>2014 16:50 Jun 04, 2024 Jkt 262001 Service, Office of the Chief Risk Officer, Enterprise Risk Management, 1111 Constitution Ave. NW, Washington, DC 20224–0002; enterprise.risk.mgt@ irs.gov, telephone: (801) 612–4815. SUPPLEMENTARY INFORMATION: The IRS would like to include records titled Potential Risk Indicators (PRIs) to the CATEGORIES OF RECORDS IN THE SYSTEM section. PRIs are a more descriptive record category which refers to data meeting certain specifications that are collected prior to analysis. The descriptive terms once observed will become a record referred to as PRIs. Adding this record will provide further clarity to the types of records maintained. In addition, the notice contained an incorrect exemption reference within the EXEMPTIONS PROMULGATED FOR THE SYSTEM section of the SORN. The incorrect exemption reference was (d); the correct exemption reference is (d)(1)–(4). These sections of the Privacy Act align with the Notice of Proposed Rulemaking for part 1, subpart C of title 31 of the Code of Federal Regulations which is the subject of FR Doc. 2024–09696. As indicated in the preamble, the IRS is correcting the May 3, 2024, publication of the Notice of a New Systems of Records, which was the subject of FR Doc. 2024–09698 published at 89 FR 36851. 1. On page 36852, in the third column, the text under the heading ‘‘CATEGORIES OF RECORDS IN THE SYSTEM:’’ is corrected by adding ‘‘Potential Risk Indicators’’ before ‘‘information potentially relevant to conducting insider risk management.’’ 2. On page 36853, in the third column, the text under the heading ‘‘EXEMPTIONS PROMULGATED FOR THE SYSTEM:’’ is corrected by removing the ‘‘s’’ in the word ‘‘haves’’ and by adding (1)–(4) after (d). Ryan Law, Deputy Assistant Secretary Privacy, Transparency, and Record, U.S. Department of the Treasury. [FR Doc. 2024–12256 Filed 6–4–24; 8:45 am] BILLING CODE 4810–AK–P U.S.-CHINA ECONOMIC AND SECURITY REVIEW COMMISSION Notice of Open Public Meetings U.S.-China Economic and Security Review Commission. ACTION: Notice of open public meetings. AGENCY: PO 00000 Frm 00078 Fmt 4703 Sfmt 4703 48219 Notice is hereby given of the following meetings of the U.S.-China Economic and Security Review Commission to review and edit drafts of the 2024 Annual Report to Congress. The Commission is mandated by Congress to investigate, assess, and report to Congress annually on the ‘‘the national security implications of the economic relationship between the United States and the People’s Republic of China.’’ Pursuant to this mandate, the Commission will hold public meetings to review and edit drafts of the 2024 Annual Report to Congress. DATES: These meetings of the Commission to review and edit draft reports are called to order or adjourned by the Chairman as needed between the initial opening session on June 20, 2024 and the planned final session to be completed by October 11, 2024. The current schedule for review and editing sessions are planned for Thursday, June 20, 2024; Friday, June 21, 2024 (as needed); Thursday, August 1, 2024; Friday, August 2, 2024 (as needed); Thursday, September 12, 2024; Friday, September 13, 2024 (as needed); Thursday, October 10, 2024; Friday, October 11, 2024 (as needed). Reach out to the below contact for any updates to this schedule. ADDRESSES: 444 North Capitol Street NW, Room 233/235, Washington, DC 20001. Public seating is limited and will be available on a ‘‘first-come, firstserved’’ basis. Reservations are not required to attend the meetings. FOR FURTHER INFORMATION CONTACT: Any member of the public seeking further information concerning the meetings should contact Jameson Cunningham, 444 North Capitol Street NW, Suite 602, Washington, DC 20001; telephone: 202– 624–1496, or via email at jcunningham@ uscc.gov. Reservations are not required to attend the meetings. ADA Accessibility: For questions about the accessibility of the event or to request an accommodation, please contact Jameson Cunningham at 202– 624–1496, or via email at jcunningham@ uscc.gov. Requests for an accommodation should be made as soon as possible, and at least five business days prior to the event. SUPPLEMENTARY INFORMATION: Purpose of Meeting: Pursuant to the Commission’s mandate, members of the Commission will meet to review and edit drafts of the 2024 Annual Report to Congress. The Commission is subject to the Federal Advisory Committee Act (FACA) with the enactment of the Science, State, Justice, Commerce and Related Agencies Appropriations Act, 2006 that was signed into law on SUMMARY: E:\FR\FM\05JNN1.SGM 05JNN1

Agencies

[Federal Register Volume 89, Number 109 (Wednesday, June 5, 2024)]
[Notices]
[Pages 48218-48219]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12251]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Mandatory Survey of Foreign-Residents' Holdings of U.S. 
Securities

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 Foreign-
Residents' Holdings of U.S. Securities as of June 28, 2024. (This is a 
date-change from 89 FR 16622.) 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. Additional copies of the reporting 
forms SHL (2024) and instructions may be printed from the internet at: 
https://home.treasury.gov/data/treasury-international-capital-tic-system-home-page/tic-forms-instructions/forms-shl.

SUPPLEMENTARY INFORMATION: 
    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), or 
any government (including a foreign government, the United States 
Government, a State or local government, or any agency, corporation, 
financial institution, or other entity or instrumentality thereof, 
including a government-sponsored agency), residing in the United States 
or subject to the jurisdiction of the United States.
    Who Must Report: This mandatory survey is conducted under the 
authority of the International Investment and Trade in Services Survey 
Act (22 U.S.C. 3101 et seq.) and in accordance with 31 CFR 129. The 
following U.S. persons must report on this survey:
    (1) 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 foreign persons--aggregated over all accounts and 
for all U.S. branches and affiliates of their firm--is $200 million or 
more as of June 28, 2024.
    (2) U.S. persons who issue securities, if the total market value of 
their securities owned directly by foreign persons--aggregated over all 
securities issued by all U.S. subsidiaries and affiliates of the firm, 
including investment companies, trusts, and other legal entities 
created by the firm--is $200 million or more as of June 28, 2024. U.S. 
issuers should report only foreign holdings of their securities that 
are directly held for foreign residents, i.e., where no U.S.-resident 
custodian or central securities depository is used. 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.
    (3) U.S. persons who receive a letter from the Federal Reserve Bank 
of New York that requires the recipient of the letter to file Schedule 
1, even if the recipient is under the exemption level of $200 million 
and need only report ``exempt'' on Schedule 1.
    What To Report: This report will collect information on foreign 
resident holdings of U.S. securities, including equities, short-term 
debt securities (including selected money market instruments), and 
long-term debt securities.
    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, or 
by contacting the survey staff of the Federal Reserve Bank of New York 
at (212) 720-6300 or (646) 720-6300, email: [email protected]. The 
mailing address is: Federal Reserve Bank of New York, Data and 
Statistics Function, 6th Floor, 33 Liberty Street, New York, NY 10045-
0001. Inquiries can also be made to the Federal Reserve Board of 
Governors, at (202) 452-3476, or to Dwight Wolkow, at (202) 622-1276, 
or by email: [email protected].
    When To Report: Data should be submitted to the Federal Reserve 
Bank of New York, acting as fiscal agent for the Department of the 
Treasury, by August 30, 2024.
    Paperwork Reduction Act Notice: This data collection has been 
approved by the Office of Management and Budget (OMB) in accordance 
with the

[[Page 48219]]

Paperwork Reduction Act and assigned control number 1505-0123. 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 321 hours per report 
for custodians of securities (the burden varies widely and we estimate 
486 hours for the largest custodians), 61 hours per report for issuers 
of securities that have data to report and are not custodians (we 
estimate 110 hours for the largest issuers), and 17 hours per report 
for those who file as exempt in a benchmark survey. Comments concerning 
the accuracy of this burden estimate and suggestions for reducing this 
burden should be directed to the Department of the Treasury, Office of 
International Affairs, Attention: Administrator, International 
Portfolio Investment Data Reporting Systems, Room 1050, Washington, DC 
20220, or by email: [email protected], 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. 2024-12251 Filed 6-4-24; 8:45 am]
BILLING CODE 4810-AK-P
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