Full text of Federal Reserve Bank of New York Circulars : 46-28. Foreign Funds Control, Press Release

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TREASURY DEPARTMENT
Washi ngt on

FOR RELEASE, MORNING NEWSPAPERS,
F r i d a y , Ju ne 28 , 1 9 4 6

Press Service
No . V - 3 8 2

The T r e a s u r y D e p a r t m e n t a n n o u n c e d t o d a y t h e r e v o c a t i o n o f s u b ­
s t a n t i a l l y a l l t h e r e p o r t i n g r e o u i r e m e n t s o n Form T F R -3 0 0 r e l a t i n g t o
f o r e i g n - o w n e d p r o p e r t y s u b j e c t t o the j u r i s d i c t i o n o f th e U n i t e d
S t a t e s and a l l
t h e r e p o r t i n g r e q u i r e m e n t s f o r r e p o r t i n g o n Form
TFR-500 r e l a t i n g to p r o p e r t y i n f o r e i g n c o u n t r i e s i n wh i c h a p e r s o n
s u b j e c t t o t h e j u r i s d i c t i o n o f t h e U n i t e d S t a t e s had an i n t e r e s t .
A c o m p i l a t i o n o f s t a t i s t i c a l s t u d i e s b a s e d o n t h e T F R -3 0 0 r e ­
p o r t s was r e c e n t l y p u b l i s h e d b y t h i s D e p a r t m e n t a n d s i m i l a r s t u d i e s
b a s e d o n t h e T F R -5 0 0 r e p o r t s h a v e r e a c h e d t h e s t a g e w h e r e a d d i t i o n a l
i n c o m i n g r e p o r t s a r e no l o n g e r o f v a l u e .
I t was a n n o u n c e d i n c o n n e c t i o n w i t h t h e r e v o c a t i o n o f t h e r e p o r t ­
i n g r e q u i r e m e n t s t h a t i t w i l l no l o n g e r b e n e c e s s a r y t o s u b m i t a n y
a d d i t i o n a l or c o r r e c t e d r e p o r t s on the b a s i s o f newly o b t a i n e d i n ­
formation.
A l t h o u g h the r e q u i r e m e n t s f o r r e p o r t i n g on S e r i e s L o f
Form T F R -3 0 0 i n s p e c i a l t y p e s o f c a s e s as s e t f o r t h i n P u b l i c C i r c u l a r
No . 4C r e m a i n i n e f f e c t , a l l r e f e r e n c e s t o r e p o r t i n g o n a n y o t h e r
S e r i e s o f Fo r m T F R -3 0 0 c o n t a i n e d i n t h a t C i r c u l a r s h o u l d b e d i s r e g a r d e d .




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