Full text of Bureau of Economic Analysis (BEA) News Releases : Survey of Foreign Direct Investment in the United States Begins, BEA 75-08

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W A SH I N G T O N , D . C .

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1975
BEA

F O R EI G N D I R E C T I N V ES T M EN T
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com pr e h e n sive

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OF

JA N U A R Y

20230

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today

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Bu r e a u

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75-08

of

in

Eco n o m ic

Ad m in istra t ion

Co m m e r c e .

The p u r p o se o f t h e s u r v e y i s t o o b t a i n co m p l e t e and
a c c u r a t e d a t a on t h e a m ount o f f o r e i g n b u s i n e s s i n v e s t m e n t i n
the U n it e d St a t e s at yearend 1974, the net in cr e a se in in v e s t ­
m e n t d u r in g t h e y e a r , t h e r e t u r n on i n v e s t m e n t t o f o r e i g n e r s ,
t h e i m p a ct o f su ch i n v e s t m e n t on t h e b a l a n c e o f p a y m e n t s, and
the sa le s,
em ploym e n t , e x p o r t s and im p o r t s,
and o t h e r a sp e ct s
o f t h e o p e r a t i o n s o f m u l t i n a t i o n a l com p a n ie s w h ich a f f e c t t h e
U n it e d S t a t e s and f o r e i g n e co n om ie s.
The f i l i n g
o f r e p o r t s f o r t h i s su rve y is m andatory under
t h e F o r e i g n I n v e s t m e n t S t u d y A c t o f 1 9 7 4 , P u b l i c La w 9 3 - 4 7 9 .
F i n a l r u l e s a n d r e g u l a t i o n s f o r t h e s u r v e y w i l l be p u b lis h e d i n
t h e F ED ER A L R EG I S T E R o f
Fe b r u a r y 3 , 1 9 7 5 .
Co p ie s o f t he
r e p o r t i n g for m and i n s t r u c t i o n s a r e b e in g m a ile d d i r e c t l y t o
m o r e t h a n 1 0 , 0 0 0 b u s i n e s s e s i n t h e U n i t e d S t a t e s t h a t BEA
b e l i e v e s may be r e q u i r e d t o r e p o r t .
R e p o r t s a r e r e q u i r e d f r o m o r on b e h a l f o f e a ch b u s i n e s s
e n te rp rise
su b j e ct to the j u r i s d i c t i o n of the U n it e d St a t e s
w h ich w as c o n t r o l l e d d i r e c t l y o r i n d i r e c t l y b y a f o r e i g n ow ner
or a f f i l i a t e d
g r ou p o f f o r e i g n ow ner s a t any t im e d u r in g th e
y e a r e n d i n g D e ce m b e r 3 1 , 1 9 7 4 .
C o n t r o l i s d e f in e d as o w n e r sh ip
d ire ct ly ,
or i n d i r e c t l y th rough in t e r m e d ia r ie s or a f f i l i a t e s ,
o f 10 p e r c e n t o r m ore o f t h e v o t i n g s e c u r i t i e s o f an i n c o r p o r a t e d
b u sin e ss e n t e r p r ise ,
o r an e q u i v a l e n t i n t e r e s t i n an
u n in corp ora t e d b u sin e ss.

2

D e a dlin e fo r f i l i n g
com p le t e d r e p o r t s i s A p r i l 3 0 , 1 9 7 5 .
B u s i n e s s e n t e r p r i s e s t h a t a r e r e q u i r e d t o r e p o r t b u t do n o t
r e c e iv e form s by Fe b r u a r y 1 1 ,
sh o u ld r e q u e st for m s and
i n s t r u c t i o n s f r o m t h e Bu r e a u o f Eco n o m ic A n a l y s i s ,
in order
t o com ply w it h t h e la w .
The
reports

a ddre ss

for

r e q u e st in g

form s

and

f ilin g

co m p le t e d

is
I n t e r n a t i o n a l I n ve st m e n t D i v i s i o n
Bu r e a u o f Eco n o m ic A n a l y s i s
BE- 5 0 ( LM )
U . S . D e p a r t m e n t o f Co m m e r c e
W a sh in g t o n , D . C.
20230

A l l t y p e s o f b u sin e sse s a re cov e r e d by t h e m a nda tory
r e p o r t in g re qu ire m e n t:
corp ora tion s,
U .S. b r a n ch e s o f f o r e ig n
firm s,
p ro p rie t o rsh ip s,
p a rtn e rsh ip s,
and o w n e r sh ip o f r e a l
e st a t e a cq u ir e d f o r o t h e r th a n p e r so n a l u se .
I f the fore ig n
o w n e r sh ip i n t e r e s t i n a U . S . b u s i n e s s e n t e r p r i s e w as h e l d ,
e x e rcise d ,
a dm in ist e re d ,
or m anaged by a U . S . i n t e r m e d i a r y ,
su ch i n t e r m e d i a r y i s r e s p o n s i b l e f o r r e p o r t i n g t h e r e q u i r e d
in fo r m a t io n or in s t r u c t in g the U .S. bu sin e ss e n t e r p r ise
in v o lv e d to r e spon d.
The U n i t e d S t a t e s i s d e f i n e d t o i n c l u d e ,
i n a d d i t i o n t o t h e 50 S t a t e s ,
a l l t e r r i t o r i e s and p o ss e s s i o n s
su ch as P u e r t o R i c o , t h e V i r g i n I s l a n d s ,
Pana m a C a n a l Z o n e ,
Gu a m , A m e r i c a n S a m o a , a n d t h e T r u s t T e r r i t o r y o f t h e P a c i f i c
I sla n d s.
A l l r e p l i e s w i l l be h e l d i n s t r i c t e s t
co n fid e n ce by the
D e p a r t m e n t o f Co m m e r c e u n d e r t h e p r o v i s i o n s o f S e c t i o n 7 ( c )
a n d ( d ) o f P u b l i c La w 9 3 - 4 - 7 9 .
The i n f o r m a t i o n w i l l be u se d
f o r s t a t i s t i c a l a n d a n a l y t i c a l p u r p o s e s a nd w i l l be p u b l i s h e d
o n l y i n a g g r e g a t e f o r m so a s t o p r e c l u d e d i s c l o s u r e o f d a t a
su p p lie d by i n d i v i d u a l r e p o r t e r s .
The l a s t
com pr e h e n sive st u d y of f o r e i g n d i r e c t in v e st m e n t
i n t h e U n i t e d S t a t e s w as co n d u ct e d f o r t h e y e a r 1 9 5 9 .
Sin ce
then, the va lu e ,
com posit ion ,
and r e l a t i v e
im port a n ce of t h e se
i n v e s t m e n t s ha ve ch a n ge d s i g n i f i c a n t l y .
L it t le
d e t a ile d
i n f o r m a t i o n i s c u r r e n t l y a v a i l a b l e on t h e e x t e n t a n d n a t u r e o f
t h e ch a n g e s i n f o r e i g n d i r e c t in v e st m e n t i n t h e U n i t e d S t a t e s ,
a nd t h e new s u r v e y w i l l p r o v i d e t h i s i n f o r m a t i o n .

the
Sta
le g
of
by

The d a t a w i l l be c l a s s i f i e d b y c o u n t r y o f o w n e r s h i p o f
in v e st m e n t and t h e S t a t e o r t e r r i t o r y w i t h i n t h e U n i t e d
t e s in w h ich i t
is loca te d.
I n a d d it io n to the State of
a l o r g a n i z a t i o n and S t a t e o f l o c a t i o n o f t h e m ain o f f i c e
the e n t e rp rise ,
the su rv e y i s de sign e d to y i e l d e st im a t e s,
State,
of the b u sin e ss e n t e r p r ise s'
e m p loy m e n t , w ages and

3
sa la r ie s p a id,
a c r e a g e ow ned a nd l e a s e d ,
and p r o p e r t y , p l a n t ,
and e q u ip m e n t ow ned.
The l a t t e r
i t e m i s t o be f u r t h e r s u b ­
d iv id e d in t o va riou s type s,
su ch as a g r i c u l t u r a l ,
natural
re sou rce ,
co m m e r cia l and b u s i n e s s ,
and i n d u s t r i a l .
I n ve st m e n t in r e a l e s t a t e ,
in clu d in g la n d f o r a g r i c u l t u r a l
p r o d u ct io n , tim be r p r o d u ct io n ,
and f u t u r e d e v e lo p m e n t ,
i s t o be
cove r e d,
as w e l l as in v e st m e n t i n o i l ,
g a s, and m in e r a l
p ro p e rt ie s.
I n a d d it io n t o in v e st m e n t in a g r i c u l t u r a l p r o d u ct io n ,
s u r v e y w i l l p r o v i d e d a t a on i n v e s t m e n t t h r o u g h o u t t h e f o o d
ch a in sy st e m , from p r o d u c t i o n t o f i n a l s a l e s .

the

Th e De p a r t me n t of t h e Tr e a s u r y i s c o n c u r r e n t l y c o n d u c t i n g
a s u r v e y of f o r e i g n p o r t f o l i o i n v e s t me n t i n t h e Un i t e d St a t e s
f o r t h e y e a r 1974.
Al l U. S. b u s i n e s s e n t e r p r i s e s o wn e d t o t h e
e x t e n t of l e s s t h a n 10 p e r c e n t b y a f o r e i g n p e r s o n a n d n o t
r e q u i r e d t o r e p o r t i n t h i s s u r v e y of f o r e i g n d i r e c t i n v e s t me n t ,
s h o u l d c o n t a c t t h e De p a r t me n t of t h e Tr e a s u r y c o n c e r n i n g
r e p o r t i n g r e q u i r e me n t s f o r t h e p o r t f o l i o s u r v e y .
The a d d r e s s
is
Fore ign P o r t f o lio
I n ve st m e n t P r o j e ct
O ffice of the A ssist a n t Se cre t a ry
for I n t e rn a t io n a l A f f a ir s
Departm ent of the Tre a su ry
W a sh in g t o n , D . C.
20220
In ce rta in situ a tion s,
a
r e p o r t in both su rve ys.

bu sin e ss

e n t e rp rise

may

be

re q u ire d

to