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Federal R eserve Ba n k of D allas
DALLAS, T EXA S

75222

Circular No. 81-110
June 3, 1981

IRANIAN ASSETS CONTROL REGULATIONS
Amendments

TO ALL MEMB E R BANKS IN THE
ELEVENTH FEDERAL RESERVE DISTRICT:
The Office of Foreign Assets Control is amending the
Iranian Assets Control Regulations.
The needs and purposes of
the amendments are outlined in detail in the copies of the Federal
Register documents which a re printed on the following pages.
The
effective date of the a mendments was May 8, 1981.
Questions regarding the a mendments should be directed to
Raymond W. Konan, Chief Counsel, Office of Foreign Assets Control,
Department of the Treasury, Washington, D.C.
20220, (202) 376-0236.
Si n c e r e l y yours,
Will i a m H. Wallace
First Vice President

B a n k s a n d o th e r s a r e e n c o u r a g e d to use th e fo llo w in g in c o m in g W A T S n u m b e r s in c o n t a c t in g th is B ank:
1 -8 00-442-7140 (in tr a s t a te ) a n d 1-800-527 -920 0 (in te r s ta te ). For c a lls p la c e d lo cally, p l e a s e u s e 651 plus th e
e x te n s io n referred to ab ove.

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

2

D E P A R T M E N T OF THE TREASURY
O F F I C E OF FOREIGN ASSET S CONT ROL
31 C FR PART 535
IRANIAN A S S E T S CON TRO L REGULATIONS
Cl ari f i c a t i o n and Corrections
AGENCY:

O ffi ce of Foreign Assets Control, Department of the

Treasury.
ACTION:

Final Rule

SUMMARY:

The O ffi ce of Foreign Assets Control is amending the

I r a n ian A s set s Control Regulations.

The purposes of the

amen dme nts are to make the substance of paragraph
535.214,
1981,

(c) of section

as published in the Federal Register on February 26,

apply e qually to sections 535.213,

535.214 and 535.215;

to

amend sections 535.218 and 535.504 by adding an extension of
certain licenses and clarifying provisions;

to amend sections

535.218 and 535.504 to null ify existing attachments and bar
future at tachments on standby letters of credit, performance
bonds and similar obligations;
error

and to correct a typographical

in item 25 of the amendments to the Regulations which

appeared

in the Federal Register on February 26, 1981.

The need for p aragraph

(c)

in sections 535.213 and 535.214

and a similar new paragraph

(b)

for section 535.215 is to e xe mpt

p r o p e r t y or pr o p e r t i e s from the transfer requirements if they are
sub jec t to a pr e - f r e e z e attachment,
p r o c e edi ng or process.
535.218 and 535.504

injunction or other like

The need for the amendments of sections

is to m a k e clear that these sections a ppl y to

3

specified types of pro per ty and to n u l l i f y existing a t t a c h m e n t s
and pr ohi bit future attachments on sta ndb y letters of credit,
pe rfo r m a n c e bonds and similar obligations.

The effects of the

amendments are that the meani ng of the sections is clarified,
controls are imposed,

n ew

an exte nsi on of c e r ta in licenses for the

o p e rat ion of blocked accounts

is given and certain e rrors in the

text of the Regulations are corrected.

MAY 8

EFFECT IVE DATE:

1981

F OR F U R THE R INFORMATION CONTACT:

Raymond W. Konan, Ch i e f

Counsel, Of fice of Foreign Assets Control,
Treasury, Washington, D.C. 20220, Tel.
S UP PL E M E N T A R Y INFORMATION:
foreign affairs function,
Proced ure Act,
rulemaking,

5 U.S.C.

De partment of the

(202)

376-0236.

Since the Regulat ion s involve a
the pro visions of the A d m i n i s t r a t i v e

553, requiring notice of p rop ose d

opportunity for public p a r t i c i p a t i o n and de l a y in

effe cti ve date are inapplicable.
Similarly,

because the amendment is issued with respect to a

foreign affairs function of the United States,

it is not sub jec t

to Execu tiv e Order 12291 of February 17, 1981, dealing w ith
federal regulations.
31 C F R Part 535 is amended as follows:
1.

W i t h an identical paragraph

(c), sections 535.213 and 535.214

read as follows:
Sect ion 535.213

(a)

Direction involving p rop e r t y held by
O f f i c e s of banks in the U.S. in w hic h Iran
or an Iranian entity has an i n t e r e s t .

An y branch or office of a bank, w h i c h branch or o f fic e

is located within the United States and is, on the e f fe cti ve date
of this section,

either

(1)

in possession of funds or sec u r i t i e s

4
l e g a l l y or b e n e f i c i a l l y owned by the Government of Iran or its
agencies,

instrumentalities or controlled entities, or

(2)

c a r r y i n g on its books deposits standing to the credit of or
b e n e f i c i a l l y owned by such go ver nme nt or its agencies,
in s t r u m e n t a l i t i e s or controlled entities,
authori zed ^

d ire c t e d and compelled to transfer such funds,

s e c u r i t i e s and deposits,
in terest
rates,

is licensed,

held on J a n ua ry 19, 1981, including

from Nov emb er 14, 1979,

at com mercially reasonable

to the Federal Reserve Bank of N e w York,

of the U.S.,

as fiscal agent

to be held or transferred as directed by the

S e c r e t a r y of the Treasury.
(b)
paragraph

T r a n s f e r s of funds, securities or deposits under
(a) of this section shall be in accordance with the

p r o v i s i o n s of section 535.221 of this part.
(c)

Any funds,

a tt ach men t,

securities or deposits subject to a valid

injunction or other like proceeding or process not

af fec t e d by section 535.218 need not be transferred as otherwise
re qu i r e d by this section.

S e c t i o n 535.214

(a)

Direction involving other financial assets
in which Iran or an Iranian entity has an
interest held by any person subject to the
jurisdiction of the United S t a t e s .

A n y p e rso n subject to the jurisdiction of the Un ited

S t a t e s wh i c h is not a banking institution and is on January 19,
1981,

in po s s e s s i o n or control of funds or securities of Iran or

its agencies,
licensed,

instrumentalities or controlled entities is

authorized, directed and compelled to transfer such

funds or se cur iti es to the Federal Reserve Bank of New York, as

5
fiscal agent of the U.S.

to be held or transferred as d i r e c t e d by

the Secretary of the Treasury.

However,

such funds and

securities need not be transferred until any disputes

(not

relating to any attachment, injunction or similar order)

as to

the entit lem ent of Iran and its en tit ies to them are resolved.
(b)
paragr aph

T r ans fer s of funds, securities or deposits under
(a) of this section shall be in accordance w i t h the

prov isions of section 535.221 of this part.
(c)

A n y funds,

attachment,

securities or dep osi ts subject to a v ali d

injunction or other like pr oceeding or proc ess not

affected by section 535.218 need not be transferred as oth e r w i s e
required by this section.
2.
(b).

Section 535.215 is amended by the addition of a new parag rap h
As amended,

secti on 535.215 reads as follows:

Section 535.215

(a)
(b)

Direction involving other p rop erties in
which Iran or an Iranian entity has an
interest held by any person subject to the
jurisdiction of the United S t a t e s .

*

*

*

A n y p r o p e rti es subject to a valid attachment,

injunction or other like proceeding or process not affected b y
section 535.218 need not be transferred as otherwise required by
this section.

6

3.

Sec tio n 535.218

of p a r a g r a p h
As amended,

(e)

is amended by the re vision of the title and

and the addition of n e w pa ragraphs

All

Prohibitions and nullif ica tio ns with
respect to property described m sections
535.211, 535.212, 535.213, 535.214 and
535.215 and standby letters of c r e d i t .

licenses and authorizations for acquiring or

exer cis ing any right, power or privileg4,
attachment,

(g).

sect ion 535.218 reads as follows:

Se c t i o n 535.218

(a)

(f) and

or otherwise,

by court order,

including the license contained in

section 535.504 wit h respect to the p r o p e r t y described in
sections 535.211,

535.212,

535.213,

535.214 and 535.215 are

revoked and withdrawn.
(b)

Al l rights, powers and privileges

p ro p e r t y d e s c r i b e d

relating to the

in sections 535.211, 535.212,

and 535.215 and which derive from any attachment,

535.213,

535.214

injunction,

or

other like p r o c e e d i n g s or process, or other action in any
li tig ati on after November 14, 1979, at 8:10 a.m., e.s.t.,
including those derived from section 535.504, other than rights,
powers and pr i v i l e g e s of the Government of Iran and its agencies,
i n s t r u m e n t a l i t i e s and controlled entities, whether acquired by
court order or otherwise,

are nullified,

and all persons claiming

any such right, power or privilege are hereafter barred from
exercising
(c)

the same.
All pers ons subject to the jurisdiction of the United

States are p r o h i b i t e d
power, or pri vil ege ,
respect to p r o p e r t y
in sections

535.211,

from acquiring or exercising any right,
whether by court order or otherwise, with

(and any income earned thereon)
535.212,

referred to

535.213, 535.214 and 535.215.

7

(d)

Th e prohibitions contained in p a r a g r a p h

section shall not apply to Iran,

its agencies,

(c) of this

inst rum ent ali tie s

or controlled entities.
(e)

Para gra ph

(a) of this section d o e s not revoke or

w i t h d r a w specific licenses authorizing the o p e r a t i o n of b l o c ked
accounts w h i c h were issued prior to J a n u a r y 19, 1981, and whic h
do not relate to litigation.

Such licenses shall be d eem ed to be

revoked as of May 31, 1981, unless extended by general or
specific license issued subsequent to F e b r u a r y 26, 1981.
(f)

T h e provisions of paragraphs

(a) , (b) and

(c) of this

section shall apply to contested and con t i n g e n t liabilities and
p r o p e r t y interests of the G ove rnment of Iran,
instru men tal iti es or controlled entities,
(g)

its agencies,

including debts.

All existing attachments on st and by letters of credit,

p e r f o r m a n c e bonds and similar obligations and on substitute
blocked accounts established under section 535.568 relating to
stan dby l etters of credit, performance bonds and similar
o bl iga tio ns are nullified and all future at t a c h m e n t s on them are
hereafter prohibited.

All rights, powers and priv ile ges relating

to such attachments are nullified and all p e r s o n s hereafter are
barred from asserting or exercising any rights, powers or
p r i v ile ges derived therefrom.
3.

Se cti on 535.504 is amended by the ad dit ion of new par a g r a p h

(c)

the relet ter ing of former paragraph

(c)

as paragr aph

(d)

and

8

the addition of a new paragr aph

(3).

As amended,

sec tio n 535.504

reads:

Section 535.504

(a)

Cert ain judicial proceedings with respect
to prope rty of Iran or Iranian e n t i t i e s .

Subje ct to the limitations of paragraphs

(b)

and

(c) of

this section and s e c tio n 535.222, judicial procee din gs are
authorized with respect to proper ty in which on or after 8:10
a.m.,

e.s.t., No vem ber 14, 1979, there has existed an interest of

Iran or an Iranian entity.
(b)

This section does not authorize or license:

(1)

Any p r e -j udg men t attachment or any other pro cee din g of

similar or analogous effect pertaining to any pro per ty
income earned thereon)
535.211,
1981,

535.212,

including,

(and any

subject to the provisions of sections

535.213,

535.214 and 535.215 on J a n u a r y 19,

but not limited to, a temporary restraining

order or p r e l i m i n a r y injunction, which operates as a restraint on
property,

for pu rpo ses of holding it within the ju risdiction of a

court, or otherwise;
(2)

A n y pay men t or delivery out of a blocked account based

u pon a judicial proceeding, pertaining to any pro per ty subject to
the provi sio ns of section 535.211,

535.212, 535.213,

535.214 or

535.215 on J a n u a r y 19, 1981;
(c)

For p urp o s e s of this section, contested and contingent

li abi lit ies and p r o p e r t y interests of the Government of Iran,
agencies,
debts,

instrumentalities, or controlled entities,

its

including

shall be deemed to be subject to section 535.215.

(d)

A judicial proceeding

is not authorized by this section

g
if it is based on transactions which violated

the pr ohi bitions of

this part.
(e)

Judicial proceedings to obtain attachments on standby

letters of credit, performa nce bonds or similar obligations and
on substitute blocked accounts established under section 535.568
relating to standby letters of credit, performance bonds and
similar obligations are not authorized or licensed.
5.

Amend men t No.

25 of the amendments to the Regulations

publ ish ed at 46 FR 14337 on February 26, 1981,

is amended to

corr ect the erroneous inclusion of section 535.332 in the list of
revoked sections.
amended,
25.

item No.

There has never been a section 535.332.

As

25 reads:

Part 535 is amended by the revocation of sections 535.204,

535.206,

535.207, 535.209, 535.331,

535.418,

535.419,

535.422,

535.423,

535.424, 535.425, 535.426,

535.427,

535.428,

535.429,

535.430,

535.431, 535.432, 535.550,

535.562,

535.563,

535.572,

535.574,

535.575, 535.577, 535.578,

and 535.603.

Section

535.204

[Revoked]

Section 535.206-207

[Revoked]

Section

535.209

[Revoked]

Section

535.331

[Revoked]

Section

535.418

[Revoked]

Section

535.419

[Revoked]

Section 535.422-432

[Revoked]

Section

535.550

[Revoked]

Section

535.562

[Revoked]

Section

535.563

[Revoked]

10

S e c t i o n 535.572

[Revoked]

S e c t i o n 535.574

[Revoked]

S e c t i o n 535.575

[Revoked]

S e c t i o n 535.577

[Revoked]

S e c t i o n 535.578

[Revoked]

S e c t i o n 535.603

[Revoked]

Dated:

ttk Y 8 Ibo I
Dennis M. O'Connell
Director

Approved:
Jx ^ n p. Simpson
Acting A s s ist ant Secretary
E n f o r c e m e n t and Operations

[Sec. 201-207, 91 Stat. 1626, 50 U.S.C. 1701-1706? E.O. No.
12170, 44 F R 65729; E.O. No. 12205, 45 FR 24099; E.O. No. 12211,
45 FR 26605; E.O. No. 12276, 46 FR 7913; E.O. No. 12279, 46 FR
7919; E.O. No. 12280, 46 FR 7921; E.O. No. 12281, 46 FR 7923;
E.O. No. 12282, 46 FR 7925; E.O. No. 12283, 46 FR 7927, and E.O.
No. 12294, 46 F R 14111.]

il,
Filed; May

1981

Publication date: May 13, 1981

11

DE P A R T M E N T OF THE T R E A S U R Y
O F F I C E OF FOREIGN A S SET S C O N TRO L
31 C F R FA R T 535
IRA NIA N A SSE TS CONT ROL RE GUL ATI ONS

Reports on Close R elatives
of Former Shah of Iran
Served as Defe nda nts in L i t i g a t i o n

AGEN CY:

O f f i c e of Foreign A ssets Control

ACTION:

Final Rule

SUMMARY:

The O f f i c e of Foreign A sse ts Control is amending

s e c t ion 535.217 of the Iranian A ss ets Control Regulations and
is adding a new section 535.619.
amen dme nt of sec tio n 535.217

The p u r p o s e of the

is to identify Ashraf Pahlavi,

sister of the former Shah of Iran, as a p e rso n who has been
served as a def e n d a n t in l iti gation in a court w i thi n the
U n i t e d Stat es br oug ht by Iran seeking the return of pr op e r t y
alleged to belong to Iran.

The need for this amendment is to

identify A s h r a f Pahlavi as a person whose assets are subject
to the bl ocking provisions of Executive Order 12284 of
J a n u a r y 19, 1981 and section 535.217(a)

of this part. The

p u r p o s e of n e w secti on 535.619 is t o impose a requirement
that all p e r s ons having knowledge about the property of
p e r s ons named in section 535.217(b)
c om p l e t e and

of this part must

file reports on Form TFR-619.

Section 535.619

is needed to fulfill the obl igation of the United States,

12

pursu ant to the a gre ements between the United States and
Iran,

to report such information to the Gov ern men t of Iran.

EFFECTIVE DATE:

(Date of filing)

FOR FURTHER INFORMATION CONTACT:

HAY 8 1981
Raymond W. Konan, Chief

Counsel, Office of Foreign Assets Control,
Treasury, Washington,

D.C.

20220, Tel.

SU PPL EME NTA RY INFORMATION:
foreign affairs function,

376-0236.

the provisions of the
5 U.S.C.

553, requiring notice

opportunity for public participation

and delay in effec tiv e date,
Similarly,

(202)

Since the regulations involve a

Admini str ati ve Proc edu re Act,
of proposed rulemaking,

Department of the

are inapplicable.

b ecause the amendment is issued with respect

to a foreign affairs function of the United States,

it is not

subject to Executive Order 12291 of February 17, 1981,
dealing with federal

regulations.

31 C F R Part 535 is amended as follows:
1.

Section 535.217

(b)

and the revision of paragraph

535.217

is amended by the addition of a paragraph
(c).

As amended,

section

reads:

Section 535.217

(a)
litigants

Blocking of property of the former Shah
of Iran and of certain other Iranian
nationals.

For the pur pos e of protecting the rights of
in courts w ithin the United States,

and assets located

all property

in the United States in the control of the

estate of Mohammad R eza Pahlavi, the former Shah of Iran, or
any close relative of the former Shah served as a defendant

13

in li tigation

in such courts brought by Iran seeking the

re turn of p r o p e r t y alleged to belong
to each such estate or person,

to Iran,

is blocked as

until all such litigation

aga ins t such estate or person is finally terminated.

This

pr o v i s i o n shall apply only to such estate or persons as to
w h i c h Iran h as furnished proof of service to the Office of
Fo r eig n A s s e t s Control and which the O f fic e has identified in
paragraph
(b)

(b) of this section.
A s h r a f Pahlavi, sister of Moh ammad Reza Pahlavi,

the former Shah of Iran

(effective date:

(date of filing,

1981) .
(c)
1981,

except as otherwise specified after the name of a

person

2.

T h e effective date of this section is J a n u ary 19,

identified

in p aragraph

S e c t ion 535.619

is added as follows:

Section 535.619.
(a)

(b) of this section.

Reports on Form T F R - 6 1 9 .

R e po rti ng

requirements.

W i t h i n 30 days after

p u b l i c a t i o n in the Federal Register of the name of any p erson
or estate in se cti on 535.217(b),

the following persons who

are subject to the jurisdiction of the United States shall
file reports on Form TFR-619 with respect to their knowledge
of the p r o p e r t y of such person or estate at any time between
N ov e m b e r 3, 1979 and the date designated after the name of
any person in section 535.217(b):
(1)

any p er son whose name is published for inclusion in

s e c t i o n 535.217(b);

14

(2) any p er son who has or had,

from November 3, 1979 to

the date of d e s i g n ati on of the relevant person in section
535.217(b),

actual or constructive poss ess ion or control,

d i r e c t l y or indirectly,

in trust or otherwise,

of property in

wh i c h there was any direct or indirect interest of any person
l is ted

in sec tio n 535.217(b)

(3)
States

of the Regulations;

any business or non-business entity in the United

in wh ich any p ers on listed

the Regulations,

in section 535.217(b)

held any financial

of

interest at any time

b e t w e e n November 3, 1979 and the date of d e s i g n ati on of the
r e l e v a n t person in section 535.217(b);
(4) any p e rso n having knowledge of pro p e r t y or assets of
a p e r s o n listed

in section 535.217(b)

of the Regulations,

by

r e a s o n of a bus ine ss relationship with such property;
(5)

any person having actual knowledge of pro per ty of a

p e r s o n named

in sect ion 535.217(b)

because of a personal

r e l a t i o n s h i p with the named person;

and

(6) any agency of the United States Government which has
in any of its official

financial books and records any

in f o r m a t i o n wh ich serves to identify any property or assets
of a perso n listed
(b)

in section 535.217(b)

W ha t m u s t be r e p o r t e d .

incl ude the information specified

of the Regulations.

Form TFR-619 reports shall

in the form with respect to

any interest of any nature whatsoever that a perso n named in
s e c t i o n 535.217(b)

had in any property subject to the

j u r i s d i c t i o n of the United States between November 3, 1979,
and the date of any designation of the relevant person in
s e c t i o n 535.217(b).

The term "property"

535. 311 of this part.

is defined in section

(c)

F iling F orm T F R - 6 1 9 .

shal l be pr epa red

in triplicate,

Reports on Forms TFR-619
two copies of which shall be

sent in a set to Unit 619, Office of Foreign A s set s Control,
Depa rtm ent of the Treasury, Washington, D.C.

20220.

The

third cop y is to be retained for the re porter's records.
(d)

Certification.

E v e r y reporter is required to

complete the ce rti fic ati on p o r t ion of Form TFR-619.

Failure

to complete the cer tification shall render the report
ineffective and the submission shall not c o n s tit ute
compliance with this section.

Dennis M. O'Connell
Director

Acting A ssistant Secretary
E n f o r c e m e n t and Op era tio ns
[Authority: Sec. 201-207, 91 Stat. 1626, 50 U.S.C. 1701-1706;
E.O. No. 12170, 44 FR 65729; E.O. 12211, 45 F R 26605; E.O.
12284, 46 FR 7929]

Filed: May

1981

Publication date: May 13, 1981

CENSUS OF PROPERTY OF PERSONS SERVED AS DEFENDANTS
IN LITIGATION BROUGHT BY IRAN SEEKING RETURN OF PROPERTY
ALLEGED TO BELONG TO IRAN
INSTRUCTIONS FOR REPORTING ON FORM TFR-619

INTRODUCTION

The Office of Foreign Assets Control, Department of the
Treasury, under section 535.619 of the Iranian Assets Control
Regulations,

31 CFR Part 535

("the Regulations"),

is conducting a

census on Form TFR-619 of all property and assets in the United
States of persons served as defendants in litigation in courts
within the United States brought by Iran seeking the return of
property alleged to belong to Iran and whose names are listed in
section 535.217(b)

of the Regulations.

Reports are required to be filed by all persons subject to
U.S. jurisdiction who have actual or constructive possession of
any such property or who have a business relationship with such
property or a personal relationship with such listed person by
reason of which such persons have knowledge concerning the
property.

The information to be reported is needed by the United

States Government to implement the agreements between the United
States and Iran.

Pursuant to the agreements, such information

will be reported to the Government of Iran.
Each question on the form must be answered and all the
specific information called for must be given.

When there is

nothing to report under any question, or if information is

-

2-

lacking, state "No," "None," or "Unknown," as the case m ay be.
If the space provided on the form for answers is not adequate,
the answer m a y be made or continued on a blank sheet of paper
securely attached to the form.
DEADLINE:

Reports are required to be filed within 30 days of the

publication in section 535.217(b)

of the Regulations of the name

of the estate of the former Shah of Iran or of any close relative
of the former Shah.

No extensions will be granted.

This form is to be completed in triplicate and two copies
must be returned in a set to Unit 619, Office of Foreign Assets
Control, Washington, D.C. 20220 by the deadline.
FOR FURTHER INFORMATION CONTACT:

Unit 619, phone

(202)

376-0968.

PART I - GENERAL INSTRUCTIONS
A.

REPORTING REQUIREMENTS

1.

Who

each of

must r e p o r t .

Reports

the following persons

on Form TFR-619 must be filed by
who are subject to the jurisdiction

of the United States:
a.

Any person whose name is published for inclusion in

section 535.217(b);
b.

Any person who has or had,

from November 3, 1979 to the

date of any designation of the relevant person in section
535.217(b),

actual or constructive possession or control,

directly or indirectly,

in trust or otherwise, of property in

which there was any direct or indirect interest of any person
listed in section 535.217(b)
c.

of the Regulations;

Any business or non-business

in which any person listed in

entity in the United States

section 535.217(b)

of the

-

3-

Regulations held any financial interest at any time between
November 3, 1979 and the date of designation of the relevant
person in section 535.217(b);
d.

Any person having knowledge of property or assets

of a person listed in section 535.217(b)

of the Regulations, by

reason of a business relationship with such property;
e.

Any person having actual knowledge of property of a

person named in section 535.217(b)

because of a personal

relationship with the named person; and
f.

Any agency of the United States Government which has in

any of its official financial books and records any information
which serves to identify any property of a person listed in
section 535.217(b)
2.

of the Regulations.

What must be reported.
Property within the United States within the control of or

in which there was any direct or indirect interest, at any time
from November 3, 1979 to the date of designation of the relevant
person in section 535.217(b), of a person whose name is listed in
section 535.217(b)
3.

of the Regulations.

Primary responsibility for re porting.
Primary responsibility for reporting rests on the actual

holder of the property or,
trustee.

in the case of a trustee, with the

A report may be filed on behalf of a holder by an

attorney, agent or other person.

However, the pertinent

information regarding the person holding the property must be
included in Part A.

No person is excused from filing Form

TFR-619 by reason of the fact that another person has submitted a
report with regard to the same property, unless he has actual
knowledge that the other person has filed a report as full and
complete as he would otherwise be required to file.

-4 ­
4.

Obtaining Form T F R - 6 1 9 .
Copies of Form TFR-619 with reporting instructions are

available at each of the regional Federal Reserve Banks.

Copies

of Form TFR-619 and the reporting instructions may also be
obtained from the Office of Foreign Assets Control, Unit 619,
Department of the Treasury, Washington, D.C. 20220

(202)

376-0968.
5.

Filing Form T F R - 6 1 9 .
Reports on Form TFR-619 shall be prepared in triplicate.

Two copies shall be sent in a set to Unit 619, Office of Foreign
Assets Control, Department of the Treasury, Washington, D.C.
20220.
6.

A copy shall be retained for the reporter's records.

Certifi cat ion .
Every report filed on Form TFR-619 must be certified in

Part F of the form.

Failure to complete the certification shall

render the report ineffective, and the submission of such a
report shall not constitute compliance with the reporting
requirements of section 535.619 of the Regulations.
7.

Pen a l t i e s .
Reporting on Form TFR-619 is mandatory under section 535.619

of the Iranian Assets Control Regulations for persons who are
subject to the reporting requirements.

In this regard, section

206 of the International Emergency Economic Powers Act provides
as follows:
Penalties
Sec. 206.

(a) A civil penalty of not to exceed $10,000 may

be imposed on any person who violates any license, order, or
regulation issued under this title.

-

(b)

5-

Whoever willfully violates any license, order, or

regulation issued under this title shall, upon conviction, be
fined not more than $50,000, or,

if a natural person, m a y be

imprisoned for not more than ten years, or both; and any officer,
director, or agent of any corporation who knowingly participates
in such violation may be punished by a like fine,

imprisonment,

or both.
B.

DEFINITIONS
The definitions below shall be used for the purpose of

reporting on Form TFR-619.

Any reference to "the Regulations"

in

these instructions or in Form TFR-619 shall refer to the Iranian
Assets Control Regulations
defined

(31 CFR Part 535), and any term not

in these instructions shall have the meaning ascribed to

it in the Regulations.
1.

Person.
Any individual, partnership, association, corporation or

other organization.
2.

Person subject to the jurisdiction of the United S t a t e s .
The term "person subject to the jurisdiction of the United

States"

includes:

(a) Any person wheresoever located who is a citizen or
resident of the United States;
(b) Any person actually within the United States;
(c) Any corporation organized under the laws of the United
States or of any state, territory, possession or district of the
United States;

and

(d) Any partnership,

association, corporation or other

organization wheresoever organized or doing business which is
owned or controlled by persons specified in (a), (b), or
above.

(c)

-6­
3.

Financial

interest.

Any right or claim to ownership or control, or participation
in ownership or control, or other financial interest including:
(a) Any shares or stock of any business or non-business
entity;
(b) Any profits or income derived from shares of stock;
(c) Any bonds, debentures, notes or other funded obligations
of any business or non-business entity;
(d) Any other outstanding securities of any business or
non-business entity; and
(e) Any other right or claim with respect to any trust or
similar obligation.
4.

Property; property interest.
The terms "property" and "property interest" shall, for

purposes of reporting on Form TFR-619,

include, but not be

limited to, money, checks, drafts, bullion, bank deposits,
savings accounts, any debts,
debentures,

indebtedness obligations, notes,

stocks, bonds, coupons, and other financial

securities, bankers'

acceptances, mortgages, pledges, liens or

other rights in the nature of security, warehouse receipts, bills
of lading,

trust receipts, bills of sale, any other evidence of

title, ownership or indebtedness, powers of attorney, goods,
wares, merchandise, chattels,

stocks on hand, ships, goods on

ships, real estate mortgages, deeds of trust, vendors'
agreements,

land contracts,

sales

real estate and interest therein,

leaseholds, ground rents, options, negotiable instruments,
letters of credit, trade acceptances,

royalties, book accounts,

-

7-

judgments, patents, trademarks, copyrights, contracts or licenses
affecting or involving patents, trademarks or copyrights,
insurance policies,

safe deposit boxes and their contents,

annuities, pooling agreements, contracts of any nature
whatsoever, and any other property, real, personal or mixed,
tangible or intangible, or interest or interests therein,
present,
5.

future or contingent.

Interest.
Any interest of any nature whatsoever, direct or indirect.

C.

VALUATION PRINCIPLES

1.

Where valuation is called for, the following table may be

used as a guide.
Examples of property types

Principal

Checks, drafts, acceptances and notes ... Face or estimated value

Commodities, including gold and other
metals ...................................

Market value

Currency and coin .........................

Face value

Debts, claims and demands ................

Balance of the account

Foreign exchange futures .................

Difference between
market price of currency and
price specified in contract

Franchises and concessions ...............

Market value

Goods, merchandise or other personal
property .................................

Market value

Land, buildings and mortgages on real
estate ...................................

Market value

Letters of credit .........................

Available amount

Royalties, gas and oil

Capitalized value

Securities

................. .

.................................

Market value

-

8-

All amounts reported should be given in dollars to the
nearest dollar.
2.

Valuation d a t e .
Values shall be given as of the close of business on the

relevant reporting date.
3.

Market or estimated v a l u e .
Where market value is required, enter the market price at

the close of business on the date of designation of the relevant
person in section 535.217(b), or if such price is not available,
the estimated value on that date.
sale price or bid,

In estimating value, the last

if reasonably close to the relevant reporting

date, may be used as a

basis.

4.

foreign cu rre ncy .

Value expressed in

Property valued in a foreign currency, or which is to be
paid or liquidated in a foreign currency, shall be valued in
dollars.

If dollar market value does not exist, the foreign

currency value thereof shall be converted into a dollar value in
accordance with the latest rate before the relevant reporting
date, as generally quoted by foreign exchange dealers or other
recognized sources of information.

In no case shall a value

expressed in a foreign

currency be entered in the report,

fact that property was

originally valued in a

should be indicated in

Part D.

5.

but the

foreign currency

Property of indeterminable v a l u e .
In reporting property of indeterminable value, enter "IN" in

the space opposite the appropriate property type and describe the
property briefly in Part D.

When both property of determinable

-

9-

value and property of indeterminable value are to be reported
under any

one property

be reported.

However,

type, only the determinable
in response to Part

D,

value should

both kinds of

property should be described and the property of indeterminable
value should be so described.

PART II - SPECIFIC INSTRUCTIONS
PART A - PERSON REPORTING PROPERTY
Line

1. Give the

reporter's

name.

Line 2. Give the

reporter's

address.

Line 3.

Line 4.

State whether reporter has actual or constructive
possession of property reported.
If not, state
relationship to property reported.
Check the appropriate description of reporter.

PART B - INFORMATION CONCERNING PERSON WHOSE PROPERTY IS REPORTED
Line 1.

Report the name(s)

as it appears on your records.

Include any variant name(s),

if known.

Line 2. Address.
PART C - SCHEDULE OF PROPERTY REQUIRED TO BE REPORTED
Be sure the same property is not reported on more than one
line.

Holders must report the amount held on November 3, 1979,

in column

(1) and the amount held as of the date designated after

the name of the relevant person in section 535.217(b)
(2).

in column

If property to be reported was acquired subsequent to

November 3, 1979 or knowledge of said property was acquired
subsequent to

November 3, 1979, report the amount in column

and specify the acquisition date.
report in column

IMPORTANT:

(1)

Be certain to

(1) of Part C the full amount of any property

held on November 3, 1979, regardless of any subsequent transfer
of the property in whole or in part and regardless of whether any

-

property

is held currently.

the full

10-

Be

certain to report in column (2)

amount of any property

held on the

date of the

designation of the relevant person indicated in section
535.217(b), notwithstanding any adverse claim against the
property described in Part E.

Line 11.

PART D -

Explain the disposition of any property held on
November 3, 1979 which was no longer held,
on the date of the designation of the relevant
person in section 535.217(b), e.g. "Telex
transfer by order of X Bank to Account No.
123456789 at Y Bank, dated December 14, 1979.

ADDITIONAL DESCRIPTION

Line 1.

OF PROPERTY

ITEMS

Briefly describe the property the value of which
has been set forth in Part C.

Breakdowns in

specific property items and detailed descriptions
are unnecessary.

Property may be described in some

general but reasonable manner.

Tangible property

should be more thoroughly described than financial
items, which are more self-explanatory.

Enter in

the "Type" column the appropriate line number from
Part C indicating the type of property.
Line 2.

State location of the reported asset if different
than the address of the reporter.

Line 3.

State your knowledge of safes, safe-deposit
boxes, or other receptacles for property in which
the person described in Part B has any interest
or right of access.

-

11-

PART E - CLAIMS AGAINST PROPERTY REPORTED
Line 1.

(a through c)
Give description and amount of claim as well as
name, address and citizenship of the adverse
claimant.

Line 2.

(a through c)
If any person other than the person reported

in

Part B has an interest in the property being
reported

(such as those of heirs of blocked

decedent's estates, or beneficiaries of blocked
insurance p ol i c i e s ) , state nature and extent or
amount of such interest.

Also give name and

citizenship of such person or persons.
PART F - C E R T I F I C A T I O N
Be certain not to omit the required certification.
report

isnot valid without certification.

The

-

12-

Form TFR-619
CENSUS OF PROPERTIES OF PERSONS SERVED AS DEFENDANTS
IN LITIGATION BROUGHT BY IRAN SEEKING RETURN OF PROPERTY
ALLEGED 1<0 BELONG TO IRAN

Office of Foreign Assets Control
Unit 619
Department of the Treasury
Washington, D.C. 20220

DEADLINE:
This form is to be completed and returned to the above
address by ________________________________.
Form TFR-619 is to be used by all persons required to file
reports pursuant to section 535.619 of Title 31 of the Code of
Federal Regulations.
BEFORE PREPARING THIS REPORT READ THE
INSTRUCTIONS CAREFULLY.
Information reported will be used by
the United States Government to implement agreemments between the
United States and Iran, and certain identifying information
derived from the results will be provided to the Government of

Iran.
To the Secretary of the Treasury:
The undersigned, pursuant to section 535.619 of Title 31 of
the Code of Federal Regulations, hereby makes the following
report:
PART A - PERSON REPORTING PROPERTY

(see instructions)

1.

Name _________________________________________

2.

Address _____________________________________
(Street)
(City)

(State)

(Foreign country)
3.

State whether reporter has actual or constructive possession
of property reported.
If not, state relationship to property
reported. __________________________________________________________

-1 3­
4.

Type of reporter

(Check one)

B a n k ........................................

( ) b

Broker or securities dealer

( ) S

.............

Trustee/Fiduciary A g e n t ..................

( ) T

Other business f i r m .......................

( ) 0

I ndividual.................................

( ) I

U.S. Government agency...................

( ) G

Other

(explain)......................*....

( ) U

PART B - INFORMATION CONCERNING PERSON WHOSE PROPERTY IS REPORTED
(See specific instructions)
1.

Name ________________________
Any variant name

2.

Address

PART C - SCHEDULE OF PROPERTY REQUIRED TO BE REPORTED
(See specific instructions)
(Enter value in whole dollars)
(1 )

Type of Property

1. Deposits
a.
T i m e . ..« ...................
b.
D e m a n d ....................
2. Bullion, currency and coin...
3. Notes, checks, drafts,
acceptances, commercial
paper , e t c ....... ...........
4 . D e b t s ..........................
5. Financial securities payable
in d o l l a r s ..................
6. Financial securities payable
in other currencies .......
7. Direct investment in U.S.
b u s i n e s s e s ..................
8. Real e s t a t e ...................
9. Personal p r o p e r t y ............
10. M i s c e l l a n e o u s ................
TOTAL

(1 through 10)

(2 )

Amount
Amount
As of 11/3/79
As of date of
or
designation in
__/__ /__ (Specify)
section 535.217(b)

-14­
11.

If amount in column (2) differs from amount in column (1)
for any line above, explain increase or decrease including
identifying information (i.e. name, address, account number)
regarding person or account to which property was
tr ansferred.

Part D - ADDITIONAL DESCRIPTION OF PROPERTY ITEMS
Type
Brief Description of Property
(See Part C)

1

.

2.

If the property described in this report is located at a
place other than the address of the reporter, specify name
and address of custodian of the property and location of the
property. ______________________________________________________

3.

To your knowledge does the estate or person whose
property is being reported have, or have use of, or access
to, any safe, safe deposit box, or other receptacle for the
property?___________________________________ __ [ ] Yes
[ ] No
If the answer is "Yes" and the contents of such safe, box,
etc., have not been included in this report, explain why
not.

-

15-

Part E - CLAIMS AGAINST PROPERTY REPORTED
1.

Describe any adverse claims, including any legal actions or
proceeedings whatsoever, asserted or existing against, or
with respect to, any property reported. With respect
to such claims give the following information:
a.

b.

Amount of the adverse claim $

c.

2.

Description of the claim __________________________________

Name, address and citizenship of the adverse
claimant

If any other person has an interest in the property being
reported, state the following information:
a.

Nature of the interest

_________ _____________________

b.

Extent or amount of such interest __

c.

Name and citizenship of such person

-

16-

PART F - CERTIFICATION
I, ______ ____________ ________________ , certify that to the best
(type or print name)
of my knowledge and belief, the statements set forth in this
report, including any papers attached hereto or filed herewith,
are true and accurate, and that all material facts in connection
with said report have been set forth herein.
(Date)

(Signature)
Address _______________
(Street)

(State)
Person to contact regarding this report:
(Name)

(Telephone Number)


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102