U.S. Attorney Rudolph Giuliani has recommended that deposed Philippine President Ferdinand Marcos and his wife be indicted on fraud and conspiracy charges in connection with owning prime Manhattan real estate, according to a report published Wednesday.

The State Department has reviewed the proposed indictment, which will be considered by the National Security Council before going to President Reagan, the Village Voice reported in Wednesday's editions.The U.S. Justice Department is expected to ask the president to approve the indictment this week, the weekly newspaper reported, noting that a five-year statute of limitations on some charges is due to expire on July 18.

The office declined to comment on the report. The Associated Press reported last month that federal prosecutors were reviewing proposed charges that Marcos and his wife Imelda conspired to loot the Philippines government over two decades.