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

DRAFT 1 – For SHLA report as of June 30, 2015
OMB Control No. 1505-0123
Approval Expires: 6/30/2018
MANDATORY REPORT TO THE FEDERAL RESERVE BANK OF NEW YORK

FOREIGN-RESIDENTS’ HOLDINGS OF U.S. SECURITIES,
INCLUDING SELECTED MONEY MARKET
INSTRUMENTS (SHL(A))
As of the last day of June

Mandatory Report Response Required
By Law (22 U.S.C. 3101 et seq.)

Department of the Treasury
Federal Reserve Bank of New York
Board of Governors of the Federal Reserve System
November
2014

TABLE OF CONTENTS

I. INTRODUCTION
A. PURPOSE
B. AUTHORITY
C. CONFIDENTIALITY OF DATA REPORTED
D. PENALITIES FOR FAILURE TO REPORT
E. PAPERWORK REDUCTION ACT NOTICE

Page
1-3
1
2
2
2
2

II. GENERAL INSTRUCTIONS
A. WHO MUST REPORT
B. CONSOLIDATION RULES
C. REPORTING DATES
D. SUBMISSION INSTRUCTIONS AND CONTACT INFORMATION

4-6
4
5
5
5

III. WHAT SECURITIES MUST BE REPORTED
A. FOREIGN-RESIDENT OWNERSHIP
B. REPORTABLE U.S. SECURITIES
C. DO NOT REPORT
D. ASSET-BACKED SECURITIES
E. FUNDS AND RELATED EQUITY OWNERSHIP
F. SECURITIES INVOLVED IN REPURCHASE AND SECURITIES LENDING
ARRANGEMENTS
G. STRIPPED SECURITIES
H. U.S. GOVERNMENT AGENCIES OR FEDERALLY SPONSORED
ENTERPRISES
I. DIRECT INVESTMENT
J. SECURITIES HELD BY U.S. CENTRAL SECURITIES DEPOSITORIES
K. LIMITED PARTNERSHIPS
L. ACCOUNTING RULES, VALUATION OF SECURITIES, AND
CALCULATION OF U.S. DOLLAR VALUES
M. DATA RETENTION PERIOD
N. REVIEW OF DATA AND REQUEST FOR REVISED DATA

7-16
7
8
9
10
10
12

IV.

LINE-BY-LINE INSTRUCTIONS FOR SCHEDULE 1-REPORTER
CONTACT INDENTIFICATION AND SUMMARY OF
FINANCIAL INFORMATION

17-19

V.

LINE-BY-LINE INSTRUCTIONS FOR SCHEDULE 2-DETAILS OF
SECURITIES

12-24

13
13
14
14
14
15
16
16

APPENDICES
A. SAMPLE REPORTING SCHEDULES

25

B. FLOWCHARTS
SHOWING REPORTING
RESPONSIBILITY DETERMINING
REPORTABLE SECURITIES

26-28

C. LIST OF COUNTRY CODES AND CODES FOR
INTERNATIONAL AND REGIONAL ORGANIZATIONS
D. LIST OF FOREIGN OFFICIAL INSTITUTIONS
E. LIST OF CURRENCY CODES
F. GLOSSARY
G. TECHNICAL INFORMATION FOR ELECTRONIC SUBMISSION
H. LIST OF FEDERAL AGENCIES AND FEDERALLY SPONSORED
ENTERPRISES

29
30
31-32
33-42
43
44

1. INTRODUCTION
A. PURPOSE
The Department of the Treasury, with the assistance of the Board of Governors of the Federal Reserve System and
the Federal Reserve Bank of New York (FRBNY), is conducting a mandatory annual survey of holdings of U.S.
securities, including selected money markets instruments, by foreign residents as of June 30 of each year. The data
will be collected by the FRBNY, acting as fiscal agent for the Department of the Treasury. The data collected will
be used by the U.S. Government in the computation of the U.S. balance of payments accounts, the U.S.
international investment position, and in the formulation of international economic and financial policies. These
data also will be used to provide aggregate information to the public on these foreign portfolio investments and to
meet international reporting commitments.
In order to reduce reporting burden and costs to the government, there will be a substantial reduction in the number
of reporters in four out of every five years. A benchmark survey Report of Foreign Holdings of U.S. Securities,
Including Selected Money Market Instruments (Form SHL) of all significant U.S.-resident custodians and issuers
will continue to be held approximately every five years. In non- benchmark years, the Annual Report of Foreign
Holdings of U.S. Securities, Including Selected Money Market Instruments (Form SHLA) will require reports
from only the largest U.S.- resident custodians and issuers. The data reported under these annual surveys (Form
SHLA) will be used in conjunction with the results of the previous benchmark survey to compute estimates for the
non- benchmark years. The next full Benchmark survey will be as of June 30, 2019.
The determination of who must report on the annual reports (Form SHLA) will be based upon the data submitted
during the previous Benchmark survey and Aggregate Holdings of Long-Term Securities by U.S. and Foreign
Residents (TIC SLT) report as of December of the preceding year. Designated U.S.-resident custodians and
issuers will be required to file detailed security data on Schedule 2, in the same manner as they did on the June 30,
2014 benchmark survey.
B. AUTHORITY
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., [the Act]) and Executive Order 11961 of January 19, 1977. The Act specifies that the
President has the authority to conduct a regular data collection program, including such studies and reports as may
be necessary and feasible, to secure current information on international investment, including (but not limited to)
such information as may be necessary for computing and analyzing the balance of payments accounts and the
international investment position of the United States (22 U.S.C. 3103). In Executive Order 11961 §2, the President
designated the Secretary of the Treasury to be responsible for collecting data on portfolio investment required by
the Act.

1

C. CONFIDENTIALITY OF DATA REPORTED
The information collected by this survey may be used only for analytical and statistical purposes and to enforce the
Act. Access to the information is available only to officials and employees (including consultants and contractors
and their employees) designated to perform functions under the Act. Persons having access to individual company
information submitted pursuant to the Act are subject to penalties for unauthorized disclosure (22 U.S.C. §3104
and 18 U.S.C. §1905). The results of this survey will be made available to the general public at an aggregated
level so that neither the U.S. persons or organizations providing information nor individual or organizational
ownership of U.S. securities can be identified.

D. PENALTIES FOR FAILURE TO REPORT
Reporting as directed in this package is mandatory for any U.S.-resident person or entity subject to the reporting
requirements set forth in the report instructions. Failure by an entity to provide timely and accurate data can result
in a civil penalty of not less than $2,500 and not more than $25,000, or injunctive relief ordering such person to
comply, or both (22 U.S.C. §3105 (a) and (b)).
Willfully failing to submit any required information under the Act can result in a fine of not more than$10,000;
and, if an individual, may result in imprisonment for not more than a year, or both. Any officer, director, employee
or agent who knowingly participates in such violation, upon conviction, may be punished by a like fine,
imprisonment, or both (22 U.S.C. §3105 (c)).

E. PAPERWORK REDUCTION ACT NOTICE
This report titled “Foreign Holdings of U.S. Securities, Including Selected Money Market Instruments” in the
Federal Register Notice and has been reviewed and approved by the Office of Management and Budget in
accordance with the Paperwork Reduction Act of 1995 and assigned OMB Control Number 1505-0123. The
purpose is to collect accurate and complete data that will enable the Treasury Department to fulfill its
responsibility under the Act.

The estimated average burden associated with this collection of information is 486

hours per report for each U.S.-resident custodian reporting detailed information on Schedule 2, and 110 hours per
report for each U.S.-resident issuer of U.S. securities providing detailed information on Schedule 2. The amount of
time required to complete the report will vary depending on the amount of data to report. Comments concerning
the accuracy of these burden estimates and suggestions for reducing the reporting burden should be directed to:

Administrator, International Portfolio Investment Data Systems
U.S. Department of the Treasury
1500 Pennsylvania Avenue NW, Room 5422MT
2

Washington, DC 20220, or
The Office of Management and Budget
Paperwork Reduction Project (1505-0123)
Washington, DC 20503
No person is required to respond to any U.S. Government collection of information unless it displays a currently
valid OMB control number.

3

II. GENERAL INSTRUCTIONS

A.

WHO MUST REPORT

All U.S.-resident entities that been contacted by the Federal Reserve Bank of New York must
report, regardless of the size of their consolidated holdings. All other entities are exempt from reporting.
Types of reporting entities include U.S.-resident custodians (including U.S.-resident central securities
depositories) and U.S.-resident issuers. Entities that provide multiple services (i.e., provide custodial
services and issue securities) should report securities that meet the reporting criteria for each role and
ensure that securities are not double counted.


U.S.-resident custodians, including brokers and dealers, must report all U.S. securities they
hold in custody (or manage the safekeeping of) for the account of foreign residents (including
their own foreign branches, subsidiaries, and affiliates). These securities must be reported by the
U.S.- resident custodian even if the securities are in turn held at DTC, Euroclear, or another
central securities depository, since the central securities depository knows only that it is holding
securities on behalf of the U.S.-resident custodian, whereas the U.S.-resident custodian knows
that it is holding these securities on behalf of a foreign resident. However, if a U.S.-resident
custodian uses a U.S.- resident sub-custodian, the custodian should report if (and only if), it does
not maintain separate accounts at and disclose the clients to the sub-custodian. (If the custodian
does maintain separate accounts at and disclose the clients to the sub-custodian, it should not
report, to prevent double counting.)



U.S.-resident central securities depositories, must report all U.S. securities they hold in
custody (or manage the safekeeping of) directly on behalf of foreign residents with which they
have established direct relationships, including foreign-resident brokers, dealers, exchanges, and
central securities depositories.



U.S.-resident issuers, must report all securities issued by U.S.-resident units , which are:
1. Owned by foreign residents for which neither a U.S.-resident custodian nor a U.S.
resident central securities depository is used. Transfer or paying agents should be able to
provide the U.S.- resident issuer with this information;
2. In book entry form that are held at a foreign-resident central securities depository; or
3. Bearer securities.

Please refer to Section III, What Securities Must Be Reported, to identify reportable U.S. securities.

4

B. CONSOLIDATION RULES
U.S.-resident organizations, including bank holding companies (BHC) and financial holding companies
(FHC), should include all reportable securities for all U.S.-resident parts of their organization, including all
U.S.-resident branches and subsidiaries. U.S. residents include entities located in the Commonwealth of
Puerto Rico and the U.S. territories. Please see Appendix F for the complete definition of United States. It
is the responsibility of the U.S. parent entity in each organization to ensure that its report includes all
applicable entities within its organization.
Securities issued by U.S.-resident trusts and special purpose entities (SPEs) for which the reporter is the
trustee or primary beneficiary should be included. Shares of U.S.-resident funds that are managed by the
reporting entity should be included unless a U.S.-resident custodian other than the reporting entity is used.
U.S. branches and agencies of a foreign bank located in the same state and within the same Federal Reserve
District should submit a consolidated report for these offices. U.S. branches and agencies of a foreign bank
that are located in either different states or different Federal Reserve Districts, should submit separate
reports.
C. REPORTING DATES
Report data as of the last business day of June. All data should be submitted to the Federal Reserve Bank of
New York no later than the last business day of August.
D. SUBMISSION INSTRUCTIONS AND CONTACT INFORMATION
If your organization is submitting 100 or more Schedule 2 records, the Schedule 2 data must be submitted
electronically.
Federal Reserve Reporting Central System:


Submit the SHL(A) report using the Federal Reserve Reporting Central System. The Reporting
Central System is fast, easy to use, and secure. You can submit reports quickly and easily either
using online data entry or via spreadsheet file transfer. Reporting Central provides a confirmation of
data receipt at the Federal Reserve Bank and checks the validity of your submission. Reporting
Central saves time and delivery costs, avoids possible mail delays, and eliminates paper and fax
transmissions.



For more information on how to submit data using the Reporting Central system, log on to
5

http://www.frbservices.org/centralbank/reportingcentral/index.html, or contact the SHL staff at 212720-6300 or at [email protected].

A n application to register for Reporting Central can be

obtained at: http://www.frbservices.org/centralbank/reportingcentral/application_setup.html

Completed applications should be sent to:
Federal Reserve Bank of New York
Statistics Function, 4th Floor
33 Liberty Street
New York, NY 10045-0001
or faxed to (212) 720-2598
Alternative Methods of Reporting:


If your organization is submitting less than 100 Schedule 2 records, these records may be
submitted using Reporting Central or on paper, using the form contained in Appendix A. Data
may also be reported on computer printouts in the same format as the printed reports. Schedule
1 must be submitted in the same package as the Schedule 2 data.

Please contact FRBNY staff with questions pertaining to the report or if any of the following conditions
apply:
1. Your entity requires additional time to complete your report.
2. Your entity received a copy of the report booklet and is not the U.S. parent entity in your
organization.
3. Your entity cannot submit a single report for its entire organization.
4. Your reporter contact information or technical contact information changes after you submit your
Schedule 1 report.
Reports can be mailed or sent by courier to:
Federal Reserve Bank of New York
Statistics Function, 4th Floor
33 Liberty Street
New York, NY 10045-0001
FRBNY staff can be reached at:
Phone: 212-720-6300 or 646-720-6300
Email: [email protected]
Additional copies of the reporting forms and instructions may be printed from the Internet at:
http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms-sh.aspx#shl
6

III. WHAT SECURITIES MUST BE REPORTED
This report collects information on securities issued by U.S.-residents that are owned by foreign residents, including
U.S. equities, U.S. short-term debt securities (including selected money market instruments), U.S. long-term debt
securities, and U.S. asset-backed debt securities.
Reportable securities may be traded or issued in the United States or in foreign countries, and may be denominated
in any currency. Neither the country in which the securities are traded or issued, nor the currency in which the
securities are denominated, is relevant in determining whether the securities are reportable. Securities held as part
of a direct investment relationship should not be reported. (See Section III.I.)
A. FOREIGN-RESIDENT OWNERSHIP
Securities are considered to be foreign owned if, according to the reporter's records; the holder of record is not a
resident of the United States. In addition, all outstanding bearer bonds should be assumed to be owned by foreign
residents and reported by the U.S.-resident issuer. Bearer bonds should also be reported by U.S.-resident
custodians, but only if the reporter’s records indicate a foreign-resident owner (or foreign-resident custodian).
The following are considered to be foreign residents:


Residents of foreign countries, including foreign-resident custodians and foreign-resident central securities
depositories. (These include residents of Canada, Mexico, and offshore centers.)



International organizations with extra-territorial status (even if located in the United States), such as the
International Bank for Reconstruction and Development (World Bank), the International Monetary Fund
(IMF) and the Inter-American Development Bank.

1

(See Appendix C for a complete list of these

organizations.)


Foreign subsidiaries of U.S. entities and foreign-resident branches of U.S. banks.



Offshore and other non-U.S. funds.



Entities or individuals that file an IRS Form W-8, indicating that they are foreign residents. Please note that
there may be exceptions (such as Puerto Rico). However, if an IRS Form is not available, the mailing
address can be used to determine residency.

1

Pension plans of international and regional organizations, if located in the United States, are U.S.-resident entities; therefore, any securities owned by these

pension plans should be excluded from this report.

7

B. REPORTABLE U.S. SECURITIES
U.S. securities are securities issued by U.S.-resident entities, with the exception of Depositary Receipts (DRs) that
are backed by foreign securities and securities issued by international organizations that have extra-territorial status,
such as the World Bank and the Inter-American Development Bank. U.S. securities can be issued in any country,
denominated in any currency, and traded on any exchange.
U.S.-resident entities include U.S.-resident branches of foreign banks and U.S.-resident subsidiaries of foreign
companies. Securities issued by foreign branches or subsidiaries of U.S. entities are not U.S. securities unless, due
to merger, reorganization, or default, a U.S.-resident entity assumes direct responsibility for the payment of a
previously issued foreign security.
Reportable securities include:

Equity Securities


Common stock



Preferred stock (participating and nonparticipating preference shares)



Restricted stock



U.S.-resident fund shares (open-end and closed-end), REITS, money market mutual funds, index- linked
equity securities including unit investment trusts (including SPDRs, DIAMONDs, etc.)



All other equity, including shares or units of ownership in unincorporated business enterprises, such as
limited partnerships

Debt Securities


Debt, registered and bearer, including bonds and notes (unstripped and stripped) and bonds with multiple
call options



Convertible debt and debt with attached warrants



Zero-coupon debt and discount notes



Index-linked debt securities (e.g., property index certificates)



Commercial paper (including asset-backed commercial paper)



Bankers' acceptances and trade acceptances



Negotiable certificates of deposit, bank notes, and deposit notes



Notes, including those issued under note issuance facilities and revolving underwriting facilities mediumterm notes, promissory notes, deep-discounted, currency-linked (e.g., dual-currency), floating rate notes
(FRN), such as perpetual notes (PRN), variable rate notes (VRN), structured FRN, reverse FRN, collared
8

FRN, step up recovery FR (SURF), and range/corridor/accrual notes


Asset-backed securities (see Section III.D)



All other long-term and short-term debt securities

(Note: U.S. debt securities that are still outstanding as of June 30 should be reported even if the maturity date has
passed.)
C. DO NOT REPORT
Do not report any:


Derivative contracts (including futures, forwards, swaps, options and warrants) meeting the definition of a
derivative under ASC 815 (formerly FAS 133). Embedded derivatives that are not bifurcated under ASC
815 should be included in the value of the host contract. However, if an embedded derivative is bifurcated
the derivative should be excluded from the report.



Securities which have been temporarily received as collateral under resale agreements or similar financing
agreements (see Section III.F)



Loans and loan participation certificates



Letters of credit



Non-negotiable certificates of deposit



Bank deposits, including time (except for negotiable CDs) and demand deposits



Annuities, including variable rate annuities



Foreign securities, including:
1. Depositary receipts (DRs) backed by foreign securities, including ADRs (American Depositary
Receipts), ADSs (American Depositary Shares), GDRs (Global Depositary Receipts), and IDRs
(International Depositary Receipts).
2. Securities issued by international and regional organizations with extra-territorial status, such as the
International Bank for Reconstruction and Development (IBRD or World Bank) or the InterAmerican Development Bank (IDB). (See Appendix C for a list of these organizations.)
3. Securities issued in the United States by foreign-resident entities (e.g., Canadian or Mexican
entities), even if they are denominated in U.S. dollars and traded on U.S. securities exchanges.
4. Securities issued by foreign subsidiaries of U.S. entities (e.g., GMAC Canada) or foreign branches
of U.S. banks, even if they are guaranteed by the U.S. parent company, or issued in the United
States.
5. Securities issued by foreign-resident entities under Section 144A of the SEC Act.
6. Securities issued by corporations that were incorporated outside of the United States by the report
9

as of date, including companies incorporated offshore in countries such as the Cayman Islands and
Bermuda.
D. ASSET-BACKED SECURITIES
Asset-backed securities (ABS) are securitized interests in a pool of assets, which give the purchaser a claim against
the cash flows generated by the underlying assets. Securities backed by revolving credits, such as pools of credit
card receivables, are reported as ABS if the return to the owner is based upon these credits, (i.e., the credits do not
merely serve as collateral). Foreign-owned ABS should be reported if the issuer securitizing the assets is a U.S.
resident. The underlying asset should not be used to determine if the ABS are reportable.
Include as ABS all collateralized mortgage obligations (CMOs), collateralized bond obligations (CBOs),
collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other securities backed by pools
of:


mortgages;



credit card receivables;



automobile loans;



consumer and personal loans;



commercial and industrial loans and other whole loans; and



other assets.

E. FUNDS AND RELATED EQUITY OWNERSHIP


Report foreign-residents’ ownership of shares/units of funds and investment trusts legally established in the
United States (U.S.-resident funds) as equity securities. All foreign-residents’ ownership of U.S.- resident
fund shares should be assigned security type = 3 (fund shares), and not categorized as a debt security,
regardless of the types of securities held by the fund.
For purposes of this report, funds include all investment vehicles that pool investors’ money and invest the
pooled money in one or more of a variety of assets. Funds include, but are not limited to:


mutual funds (including both open-end and closed-end mutual funds);



money market funds;



investment trusts;



index-linked funds;



exchange-traded funds (ETFs);
10



hedge funds; and



common trust funds.

The determination of whether a fund’s shares are a U.S. security is based on the country in which the fund
is legally established, not based on the residence of the issuers of the securities the fund purchases. For
example, if a foreign resident owns shares in a fund organized in New York, these shares are reportable
U.S. securities, whether or not the fund purchases foreign securities. Conversely, foreign- resident
ownership of shares of “offshore” or other foreign-resident funds that purchase U.S. securities should not
be reported.
Many funds established outside of the United States have names that are similar to U.S.-resident fund
names. This often occurs when the fund is managed by a group that also manages many U.S.-resident
funds and therefore may be thought of as managing only U.S.-resident funds. If there is doubt as to
whether the investment should be classified as a fund or whether a fund is U.S. or foreign, please contact
FRBNY staff at 212-720-6300 or 646-720-6300.


Report the ownership of U.S. securities by foreign-resident funds.
Although ownership of shares of foreign-resident funds are excluded from this report, any U.S. securities
owned by foreign-resident funds for their portfolio are reportable. These are distinct investments and,
therefore, are not duplicate reporting. U.S. securities owned by foreign-resident funds should be classified
as either equity, debt, or asset-backed securities, as indicated in Section III.B.



Reporting guidelines for Hedge Funds and other alternative investments
Investment advisors, managers or similar types of legal entities that create master and feeder funds
both outside and inside the U.S. should report as follows:


Investments between the U.S. and foreigner entities (affiliates) that the investment manager
establishes, is portfolio investment and should be reported on this report.

Example 1
A U.S. investment manager creates a U.S. Master Fund, a Cayman Feeder Fund, and a U.S Feeder Fund. The
investments between the manager and the foreign feeder funds are direct investments. However, the investment
that the foreign feeder fund has in the master fund is portfolio investment and should be reported in the TIC
system. Purchase and sales of the master fund shares by the foreign feeder fund should be reported on the TIC
11

S by the U.S. based master fund and the master fund should report the ownership of their “shares” by the
foreign feeder funds as issuer of the “domestic security” on the SHL(A) report. If a U.S. custodian is involved
in the holding the “domestic security” then the reporting responsibility would be on the U.S. custodian to report
on the SHL(A).
Example 2
A foreign hedge fund creates a U.S. based Master Fund, a Cayman Feeder Fund, and a U.S. Feeder Fund.
The investments between the hedge fund and the U.S. feeder funds are direct investments. However, the
investment that the foreign feeder fund has in the master fund is portfolio investment and should be
reported in the TIC system. Purchase and sales of the master fund shares by the foreign feeder fund should
be reported on the TIC S by the U.S. based master fund and the master fund should also report the
ownership of their “shares” by the foreign feeder funds as issuer of the “domestic security” on the SHL(A)
report. If a U.S. custodian is involved in the holding of the “domestic security” then the reporting
responsibility would be on the U.S. custodian to report on the SHL(A).


Exclude any investment between the entity that formed the funds (as a general partner) and all the
entities it creates. These are direct investment and should be reported to the Bureau of Economic
Analysis

Note: The descriptions of the various examples are based on common master/feeder fund structures. It is possible
for there to be different types of structures when creating these funds and they may be called different names by
some entities. Ultimately, if the investment is not Direct Investment then it will fall into the category of portfolio
investment and needs to be reported as part of the TIC system.
F. SECURITIES INVOLVED IN REPURCHASE AND SECURITIES LENDING ARRANGEMENTS
A repurchase agreement (repo) is an arrangement involving the sale of securities at a specified price with a
commitment to repurchase the same or similar securities at a specified price on a future date. A reverse repo is an
agreement whereby a security is purchased at a specified price with a commitment to resell the same or similar
securities at a specified price on a specified future date. Securities lending/borrowing arrangements are agreements
whereby the ownership of a security is transferred in return for collateral, usually another security or cash, under
condition that the security or similar security will revert to its original owner at a future date.
Securities "sold" by foreign residents under repurchase agreements or buy/sell back agreements, lent under
securities lending arrangements, or delivered out as collateral as part of a reverse repurchase agreement or security
borrowing agreement should be reported as if the securities were continuously held by the foreign resident. That is,
12

the security lender’s U.S. custodian should report the U.S. security as if no repurchase agreement or buy/sell back
agreement occurred.
Securities temporarily acquired by foreign residents as collateral under reverse repurchase agreements, securities
lending or borrowing arrangements, or buy/sell back agreements should NOT be reported. That is, the security
borrower’s U.S. custodian should exclude the U.S. security as if no resale agreement or buy/sell back agreement
occurred.
However, if cash was temporarily received as collateral and was used to purchase securities, those securities should
be reported.
G. STRIPPED SECURITIES
Separate Trading of Registered Interest and Principal Securities (STRIPS) and other similar instruments are
securities that have been transformed from a principal amount with periodic interest coupons into a series of zerocoupon securities, with the range of maturities matching the coupon payment dates and the redemption date of the
principal amount.
The residency of the STRIPS and similar instruments is the residence of the entity that issued the stripped security.
However, the type of issuer of STRIPS and similar instruments is based upon the type of issuer of the underlying
security. For example, U.S. Treasury STRIPS should be classified as U.S. Treasury securities even though the
Treasury does not issue or sell STRIPS directly to investors. In addition, all CATS, TIGRS, COUGARS, and
LIONS should also be classified as U.S. Treasury securities.
Foreign holdings of stripped securities where the underlying security is not an ABS, both the interest-only (IO)
component and the principal-only (PO) component, should be reported as security type = 10 (bond or note,
stripped).
Foreign holdings of stripped securities where the underlying security is an ABS, tranches of stripped ABS, any IO
component, and any PO component, should be reported as security type = 12 (asset-backed security).
H. U.S. GOVERNMENT AGENCIES OR FEDERALLY SPONSORED ENTERPRISES
Securities that are issued by U.S. government agencies or federally sponsored enterprises and owned by foreign
residents are reportable. In addition, foreign owned securities that are issued by a U.S.-resident entity and
guaranteed by U.S. government agencies or federally sponsored enterprises are reportable. For purposes of
13

Schedule 2, item 11 (type of issuer), all these securities should be coded as type 2 (agencies). For example,
securities that are guaranteed by the Government National Mortgage Association (GNMA) or the Small Business
Administration (SBA) should be reported as U.S. government agency securities.
I. DIRECT INVESTMENT
A direct investment relationship exists when a U.S. company owns 10% or more of the voting equity securities of
an incorporated foreign business (or an equivalent interest in an unincorporated foreign business, including a
branch), or when a foreign company owns 10% or more of the voting equity securities of an incorporated U.S.
business (or an equivalent interest in an unincorporated U.S. business, including a branch). Limited partners in a
limited partnership do not have voting rights and therefore cannot have direct investment. (See Section III.K) If a
direct investment relationship exists, then in general, all financial positions between the firms are considered direct
investment. If a direct investment relationship exists between non-banking entities, all securities held by the parent
entity that were issued by the affiliate of the parent are considered direct investment. However, if one of the
entities is a banking or securities brokerage firm, the inter-company holdings are considered direct
investment only if they provide permanent capital. All holdings known to be direct investment should be
excluded from this report.
J. SECURITIES HELD BY U.S. CENTRAL SECURITIES DEPOSITORIES
U.S.-resident central securities depositories must report all U.S. securities they are holding in custody (or managing
the safekeeping of) directly on behalf of foreign residents, such as foreign-resident brokers and dealers who may be
members of the depository, or foreign-resident securities exchanges or depositories that have established direct
relationships with the U.S.-resident central securities depository.
U.S.-resident custodians should report all U.S. securities that are shown on their records as being owned by foreign
residents (or held in custody by its foreign-resident custodian) even if the safekeeping or settlement of the security
is done at a U.S.-resident central securities depository.
K. LIMITED PARTNERSHIPS
Foreign-resident limited partner ownership interests in U.S.-resident limited partnerships should be reported as
security type = 4 (All other equity). Limited partners’ ownership interests do not carry voting rights; therefore, all
ownership interests, even those greater than 10%, are reportable. The Number of Shares field on Schedule 2 (item
18) should be defaulted to the value reported in the US$ Fair Value field (item 16) because limited partnerships do
not issue shares.
14

General partner ownership interests are always considered to be direct investment and all such interests should be
excluded from this report.
L. ACCOUNTING RULES, VALUATION OF SECURITIES, AND CALCULATION OF U.S. DOLLAR
VALUES

Accounting Rules
All securities should be reported using settlement date accounting. Gross long positions should be reported. Do
not net any short positions from long positions. Do not enter decimals or negative values in any cells.
Valuation of Securities
Report the fair value of securities as of close of business on the last business day of June. The fair value follows the
definition under ASC 820 (formerly FAS 157).
U.S.-resident custodians should, at a minimum, report the fair value to the extent that it is available as part of the
services provided to their customers, even if the price available is for a date prior to the last business day of June. If
there is doubt as to whether to report the available fair value or to report a fair value of zero, please contact FRBNY
report staff at 212-720-6300 or 646-720-6300.
For ABS, the value of the unpaid principal amount outstanding at close of business on the last business day of June
should be reported; if principal has been repaid, this value will not be the same as the original face value, revalued
at end-period market prices.
Foreign Currency Denominated Securities – CALCULATION OF U.S. DOLLAR VALUES
If the security is not denominated in U.S. dollars (US$) and a U.S. dollar fair value is not available in your system,
convert the foreign currency denominated fair value into US$ using the spot exchange rate as of the close of
business on the last business day of June. If you need assistance locating an exchange rate, please contact FRBNY
staff at 212-720-6300 or 646-720-6300.
If the exchange rate is normally quoted in units of foreign currency per US$, such as ¥105.75/US$, divide foreign
currency values by the foreign exchange rate to obtain the US$ values. For example, if the value of a U.S. security
issued in Japan is ¥ 200,000, and the exchange rate is ¥105.75/US$, divide ¥ 200,000 by 105.75 to obtain US$
1,891.
15

If the exchange rate is normally quoted in US$ per units of the foreign currency, such as US$1.75/UK£, multiply
foreign currency values by the US$ exchange rate value of the foreign currency to obtain the US$ values. For
example, if the value of a U.S. security issued in the United Kingdom is UK £1,000 and the exchange rate is
US$1.75/UK£, multiply UK £1,000 by 1.75 to obtain US$ 1,750.
M. DATA RETENTION PERIOD
All data used to create this report must be retained by the reporter for a period of 36 months from the date of the
report's submission.
N. REVIEW OF DATA AND REQUEST FOR REVISED DATA
Data submitted on the reporting schedules are reviewed by FRBNY staff. As a result of this review, the reporter
may be asked by FRBNY staff to provide supplemental information, including reasons for significant data changes
between reporting periods, or corrected data. In addition, FRBNY staff may request: (1) information to ensure that
all reportable U.S. securities have been reported; (2) information to ensure that all reported U.S. securities are
owned by foreign residents (or held by foreign-resident custodians or foreign-resident central securities
depositories); or (3) other information that helps to explain or corroborate the submitted data.
Reporters filing data on electronic media that are not formatted per the specifications in Appendix G will be
required to resubmit the data in the proper format.
Each quarter, FRBNY staff obtains a list of debt securities issued abroad by U.S. companies. Experience has shown
that most such issues are largely or completely foreign held. FRBNY staff will compare this information with the
reports submitted by U.S.-resident issuers of foreign placed debt securities to ensure that foreign-issued securities
are being properly reported. FRBNY will ask the issuers of such securities for additional information in cases of
apparent under- or over-reporting.

16

IV. LINE-BY-LINE INSTRUCTIONS FOR SCHEDULE 1- REPORTER CONTACT IDENTIFICATION
AND SUMMARY OF FINANCIAL INFORMATION
A Schedule 1 must be completed by all entities that receive this report booklet. This schedule is used to provide basic
identifying information and summaries of data reported on Schedule 2 records. Please type or print all information.
(Please enter your ten-digit Reporter Identification Number (RSSD) at the top of each page of Schedule 1.)

REPORTER CONTACT IDENTIFICATION AND SUMMARY OF FINANCIAL INFORMATION
1. Reporter Identification Number (RSSD) - Enter the ten-digit Reporter Identification Number that. If you do
not know the Reporter Identification Number for your entity, please contact FRBNY staff at 212-720-6300 or
646-720-6300.
2. Organization Name - Enter the full legal name of the reporting entity.
For items 3 through 6, enter reporting entity’s full mailing address.
7. Reporting Status - Select “1” only if your parent organization has received authorization to file an
unconsolidated report but you are exempt (meaning you have no reportable securities in custody or have not
issued any reportable securities). All other entities should select "2" and file the appropriate Schedule 2
records.
8. Reporter Type - Enter one of the following that best describes your organization (Refer to Appendix F Glossary for specific definition of reporters type)
1 = Depository Institution
4 = Insurance Company
2 = Fund/Fund Manager/Sponsor 5 = Other Financial Organization
(excluding a pension fund)
(including BHC and FHC)
3 = Pension Fund
6= Non-Financial Organization

7 = Foundation, Trust, or Estate
8 = Institution of Higher Learning
(e.g., university)
9 = Other (not listed above)

9. Name of Contact - Enter the name of the person who will be the primary contact for this report and can
answer questions about the data reported.
10. For items 10 through 12, enter title, telephone number and email address of the contact identified in item 9.
13. Name of Service Provider or Vendor Used - If a service provider or vendor was used to prepare the data
reported, enter the name of the service provider.
17

14. Name of Technical Contact - Enter the name of a person who will serve as a contact should any technical
issues, such as incorrect file formats. If a service provider was used to prepare the data reported, the
technical contact may be a vendor employee.
For items 15 through 17, enter title, telephone number and email address of the contact identified in item 14.
18. Valuation Technique(s) Used to Determine Fair Value - For each reporting unit, describe the valuation
technique(s) used to calculate the reported fair values. If securities are automatically valued at zero after a
specified time period of inactivity, please specify the time period and whether this applies to the security or to
the client’s holdings of the security. Also, please specify how securities not actively traded on the report date
and those with internally generated security identification numbers are valued. If your organization has more
than four reporting units, please attach additional copies of Schedule 1, page 2, with item 18 completed.
SUMMARY OF SCHEDULE 2 INFORMATION
This section contains summary data for the information reported on Schedule 2 records.
19. Total Number of Schedule 2 Records Submitted - Enter the total number of Schedule 2 records
submitted.
20. Total U.S. $ Fair Value of All Equity Securities reported on Schedule 2 records - Enter the sum of the
U.S.$ fair value of all equity security records (records with Schedule 2, Item 12 = 1, 2, 3, or 4), rounded to
the nearest U.S. dollar.
21. Total U.S. $ Fair Value of All Short-Term Debt Securities (excluding asset-backed securities) reported
on Schedule 2 records - Enter the sum of the U.S. $ fair value of all such security records (records with
Schedule 2, Item 12 = 5, 6, 7, 8, 9, 10, or 11), rounded to the nearest U.S. dollar.
22. Total U.S. $ Fair Value of All Long-Term Debt Securities (excluding asset-backed securities) reported
on Schedule 2 records - Enter the sum of the U.S. $ fair value of all such security records (records with
Schedule 2, Item 12 = 5, 6, 7, 8, 9, 10, or 11), rounded to the nearest U.S. dollar.
23. Total U.S. $ Fair Value of All Asset-Backed Securities reported on Schedule 2 records - Enter the sum
of the U.S. $ fair value of all such security records (records with Schedule 2, Item 12 = 12), rounded to the
nearest U.S. dollar.

18

CERTIFICATION INFORMATION

This section must be completed by all reporters.
By signing and dating the certification, the Certifier acknowledges that:


He/she has read and understood the reporting requirements of this report;



He/she is aware that both civil and criminal penalties may be imposed for filing a false report; and



He/she is sufficiently knowledgeable about the activities and functions of this entity that he/she can
knowingly and with reasonable confidence certify that the information provided in this report is both
accurate and complete.

For items 24 through 28. Sign and date the form. Enter the name, job title, telephone number, and email address of
the person in your organization who certifies that the information provided is complete and accurate.

19

V. LINE-BY-LINE INSTRUCTIONS FOR SCHEDULE 2 - DETAILS OF SECURITIES

(Please enter your ten-digit Reporter Identification Number (RSSD) at the top of each page of Schedule 2.)
1. Reporter Identification Number (RSSD) - Enter the ten-digit Reporter Identification Number that is printed
on the mailing label on the report booklet. If you do not know the Reporter Identification Number for your
entity, please contact FRBNY staff at 212-720-6300 or 646-720-6300.
2. Sequence Number - Enter the sequence number of this record, right justified. The first record should be
assigned sequence number 1 and each subsequent Schedule 2 record should be sequentially numbered.
3. Reporting Unit Code - If data being submitted are collected from multiple databases or reporting systems,
please report an internal code that will enable you to identify the database or system from which the
information on this Schedule 2 came. This information will greatly reduce the costs of identifying and fixing
any reporting errors that may occur.
4. Name of Reporting Unit - Enter a description or name of the reporting unit or area that corresponds to the
code reported in item 3.
5. Reporting as - Enter "1" if your entity did not issue this security. Enter "2" for issuer if your entity issued
this security (even if you are also acting as the custodian).
6. Security ID - Enter the security ID code used to identify the security reported on this Schedule 2. CUSIP
codes are strongly preferred. If the CUSIP is not available, please try to provide the ISIN, CINS, Common
code or SEDOL. Do not use internally generated codes unless this security has not been assigned a code
by any recognized numbering agency (e.g., limited partnerships). Records for securities for which a portion
is restricted and a portion is not restricted should be reported with the numbering agency code assigned to the
unrestricted portion. If excessive internal codes are used, we may have to contact your institution to help
identify characteristics of certain individual securities. Please include the security ID’s check digit and
exclude any internal coding characters added to the CUSIP or other numbering agency code.
7. Security ID System - Select the appropriate number from the list shown on the form. For example, if the
security ID number entered in Item 6 is a CUSIP number, enter “1”; if it is a CINS, enter “3.” If the security
ID system used is not listed, enter a code of "7" (Other) and provide the name of the organization generating
the code in item 8.

20

8. Comment Line - If you entered a code of "7" (Other) in item 7 you must provide the name of the
organization generating the security ID code.
9. Security Description - Briefly describe the security, providing any relevant descriptive information available.
Ideally, this would include the type of security, the maturity date if debt or ABS, and: (a) for preferred stock
the annual dividend; (b) for debt securities, the interest rate; (c) for floating rate notes, how the interest rate is
calculated (e.g., Libor plus 1.5); and (d) for stripped securities the type of security/tranche. This information is
particularly important for securities with an internally generated or other security ID not generated by a
recognized numbering agency, (i.e., security ID system codes = 6 or 7).
10. Name of Issuer - Enter the name of the entity that issued the security. Please try to provide the full legal
name of the issuer. For branches of banks, please provide the location of the branch.
11. Type of Issuer –


Enter “1” if the security was issued by the United States government or Federal Financing Bank.



Enter “2” if the security was issued or guaranteed by a federal agency (e.g., Government National
Mortgage Association (GNMA)) or issued by or guaranteed by a federally sponsored enterprise (e.g.,
Federal National Mortgage Association (FNMA)). See Appendix H for a list of these entities.



Enter "3" if the security was issued by a state or local government (e.g., New York State bonds).



Enter "4" if the security was issued by a depository institution.



Enter "5" if the security was issued by all other financial organizations (including BHC and FHC)



Enter "6" if the security was issued by a nonfinancial organization.

11. Security Type - Enter the security type code from the list below that most closely describes the type of security
being reported. (Refer to Appendix F - Glossary for specific definition of Security Type)
Equity

Debt (excluding asset-backed securities)

Asset-backed securities

1.
2.
3.
4.

5.
6.
7.
8.

12. Asset-backed security

Common stock
Preferred stock
Fund shares
All other equity

Commercial paper
9. Bond or note, unstripped
Negotiable CD
10. Bond or note, stripped
Convertible debt security 11. All other debt
Zero-coupon bond or note

1. Type 1 should be used to report all common stock, including restricted common shares.
2. Type 2 should be used to report all preferred stock, including participating preference shares,
nonparticipating preference shares, convertible preferred stock, and restricted preferred shares.
3. Type 3 should be used to report all shares of funds, including funds that invest primarily or exclusively
in money market instruments and in long-term debt, exchange traded funds, open-end and closed – end
mutual funds, and unit investment trusts. (See Section III.E)
21

4. Type 4 should be used to report all other types of equity, including foreign-resident limited partner
ownership of U.S.-resident limited partnerships and any other form of equity not specified in security
types 1, 2, and 3.
5. Type 5 should be used to report all commercial paper, including asset-backed commercial paper.
6. Type 6 should be used to report long-term and short-term negotiable certificates of deposits,
including negotiable bank notes and negotiable deposit notes issued by U.S. institutions, including
U.S. branches of U.S. or foreign banks. Non-negotiable certificates of deposit are not reportable.
7. Type 7 should be used to report all convertible debt securities, including convertible bonds and zerocoupon convertible debt. However, non-convertible debt securities with embedded warrants or
options should be reported as either type 8 (if a zero-coupon bond or note) or type 9.
8. Type 8 should be used to report bonds and notes that do not provide interest payments, such as
discount notes. However: (1) zero-coupon convertible debt should be reported as type 7; (2)
stripped non-asset-backed securities, both the interest-only (IO) and principal-only (PO)
components, should be reported as type 10; (3) U.S. Treasury bills should be reported as type 11;
and (4) stripped asset- backed securities, the tranches, and the IO and PO components, should be
reported as type 12.
9. Type 9 should be used to report bonds or notes that: (1) cannot be converted to equity securities, (2)
provide interest payments, (3) have not been stripped (i.e., not an IO or PO), and (4) do not give the
owner a claim against the cash flows generated by the underlying assets (i.e., ABS). These bonds
and notes are commonly referred to as “straight debt.”
10. Type 10 should be used to report all components of stripped securities, including the IO and PO
components. However, all tranches of stripped asset-backed securities should be reported as type
12.
11. Type 11 should include all debt other than asset-backed securities that is not covered in types 5-10,
including U.S. Treasury bills.
12. Type 12 should include only short-term and long-term securities that represent securitized interests
in a pool of assets and give the investor a claim against the cash flows generated by the underlying
assets. All tranches of stripped asset-backed securities, as well as unstripped asset-backed securities,
should be reported as type 12. Debt which is collateralized by assets (real or financial), but only
give the investor a claim against the underlying interest if the issuer defaults, should be reported as
types5-11, as appropriate.
13. Country of Residence of Foreign Holder - Enter the country code from Appendix C that corresponds to
the country of residence of the owner of the security. If the country of residence of the owner is not
known, report the country of residence of the foreign-resident custodian or foreign-resident central
securities depository. Positions of international and multinational regional organizations, whether located
in the United States or elsewhere, should be reported opposite the classification “International,” if
22

worldwide, or opposite the classifications “European,” “Latin American,” “Caribbean,” “Asian,”
“African,” or “Middle Eastern” regional organizations as indicated in Appendix D. If no country
information is available (as will often be the case with bearer bonds), enter code 88862. If an excessive
number of "country unknowns" is reported for securities other than bearer bonds, we will contact your
institution for further information.
14. Currency of Denomination - Enter the ISO code from Appendix E that corresponds to the currency in
which the security is denominated.
15. Type of Foreign Holder


Enter "1" if the owner is an official institution (see Appendix C or D) even if the account is held in the
name of a foreign custodian or other foreign nominee.



Enter “2” for all other owners, including personal trusts and other investment vehicles even if the
beneficial owner is an individual.

16. U.S. $ Fair Value- Enter the U.S. $ fair value of foreign-residents' ownership of this security, rounded to
the nearest U.S. dollar. (See Section III.L, Valuation of Securities, for more information on how to
calculate the fair value.)
17. Fair Value in Currency of Denomination - Enter the fair value of foreign-residents' ownership of this
security, rounded to the nearest currency unit. For ABS, the fair value should be calculated based on the
remaining principal outstanding (item 19) rather than the original face value. If the currency of issue is
US$, report the same value as in item 20. (See Section III.L, Valuation of Securities, for more information
on how to calculate the fair value.)
FOR EQUITY SECURITIES ONLY
18. Number of Shares - Enter the number of shares owned by foreigners, including fractional shares, rounded to
the nearest share. Wherever possible, combine partial shares with other ownership shares of the same security
to reduce reporting disparities introduced by rounding partial shares. Securities for which the amount foreign
owned is zero should not be reported.
FOR ALL DEBT SECURITIES (NON-ABS AND ABS)
19. Face Value or Remaining Principal in Currency of Denomination - Enter the face value held in the
currency of denomination, rounded to the nearest whole currency unit. If a security is traded in units, then
23

calculate the face value as: (face value of each unit) * (the number of units held) and report the result in this
field. Securities for which the amount held is zero should not be reported or Enter the remaining principal
outstanding as of June 30, in the currency of denomination, rounded to the nearest whole currency unit. This
will equal the original face value if no principal has been repaid. If a security is traded in units, then
calculate the remaining face value as: (remaining face value of each unit) * (the number of units held) and
report the result in this field. Securities for which the amount held is zero should not be reported.
FOR ASSET-BACKED SECURITIES ONLY
20. Original Face Value in Currency of Denomination - Enter the original face value owned by foreigners in the
currency of denomination, rounded to the nearest whole currency unit. This is the value that is (would have
been) outstanding if no principal has been (had been) repaid. If a security is traded in units, then calculate the
original face value as: (original face value of each unit) * (the number of units) and report the result in this field.
FOR ALL DEBT SECURITIES (NON-ASSET BACKED AND ASSET-BACKED SECURITIES)
21. Issue Date - Enter the issue date of this security in MMDDYYYY format. For example, if the security was
issued on October 4, 1985, enter 10041985. If there are multiple issue dates, enter the first such issue date.
22. Maturity Date - Enter the final maturity date (when all remaining principal and interest are due) of this
security in MMDDYYYY format. For example, if the security's final maturity date is January 5, 2010, enter
01052010.

24

APPENDIX A
SAMPLE REPORTING FORM SHL/SHLA

This form is also available separately at the following Treasury website:

http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms-sh.aspx

25

Department of the Treasury

OMB No. 1505-0123

Approval Expires 12/31/2017

Report of Foreign Holdings of U.S. Securities, Including Selected Money Market Instruments
(SHL(A))
SCHEDULE 1: REPORTER CONTACT IDENTIFICATION AND
SUMMARY OF FINANCIAL INFORMATION

1.

Reporter Identification Number (RSSD): …………………………………………….

2.

Organization Name:

.

3. Street Address:

4. City:

5. State:

6. Zip Code:

7. Reporting Status:……………………………………..……..……………………………………………………………….
1 = Exempt - Under the exemption level
2 = Not Exempt - Schedule 2 records being submitted

8. Reporter Type:……………………..…………………………………………….……………….……….…………………
1 = Depository Institution
2 = Fund/Fund Manager/Sponsor
(excluding pension fund)
3 = Pension Fund

4 = Insurance Company
5 = Other Financial Organization
(including BHC, FHC, broker/dealers)
6 = Non-financial Organization

7 = Foundation, trust, estate
8 = Institution of higher learning
(e.g., university)
9 = Other (not listed above)

If you would like to provide more than one contact name, please attach additional copies of page 1, Schedule 1, with items 9
through 13 completed.
Business Contact Information:
9.

Name: __________________________________________________________________________________

10. Title:

__________________________________________________________________________________

11. Telephone Number: ____________________________
12. Email Address: ____________________________________________________________________________
13. Name of Service Provider or Vendor Used (if applicable): ___________________________________________
Technical Contact Information:
14. Name: __________________________________ 15. Title: ___________________________________________
16. Telephone Number: ______________________ 17. Email Address: ___________________________________

SHL(A)

Schedule 1, Page 1 of 3

Department of the Treasury

OMB No. 1505-0123

Approval Expires 12/31/2017

Reporter Identification Number (RSSD):...……………………………………………….
18. Valuation Technique(s) Used to Determine Fair Values
For each reporting unit, please describe the valuation technique(s) used to determine reported fair values. If securities are
automatically valued at zero after a specified time period of inactivity, please specify the time period and whether this applies
to the security or to the client’s holdings of the security. Also, please specify how securities not actively traded on the report
date and those with internally generated security identification numbers are valued.
Reporting Unit

SHL(A)

Valuation Description

Schedule 1, Page 2 of 3

Department of the Treasury

OMB No. 1505-0123

Approval Expires 12/31/2017

Reporter Identification Number (RSSD)…………………………………………...……..
SUMMARY OF SCHEDULE 2 INFORMATION
19. Total Number of Schedule 2s Submitted……………………….……………………………..

,

,

20. Total US$ Fair Value of All Equity Securities ……………….
Reported on Schedule 2(s)

,

,

,

,

21. Total US$ Fair Value of All Short-Term Debt Securities…
(excluding asset-backed securities) Reported on Schedule 2(s)

,

,

,

,

22. Total US$ Fair Value of All Long-Term Debt Securities….
(excluding asset-backed securities) Reported on Schedule 2(s)

,

,

,

,

23. Total US$ Fair Value of All Asset-Backed……………….
Securities Reported on Schedule 2(s)

,

,

,

,

CERTIFICATION INFORMATION
By signing the certification below you acknowledge that:




You have read and understood the reporting requirements of this report;
You are aware that both civil and criminal penalties may be imposed for filing a false report; and
You are sufficiently knowledgeable about the activities and functions of your organization that you can knowingly and
with reasonable confidence certify that the information provided in this report is both accurate and complete.

Certifier's Signature:

24. Date Signed:

25. Certifier's Name:
26. Certifier's Title:
27. Certifier's Telephone Number:
28. Certifier's Email Address:

SHL(A)

Schedule 1, Page 3 of 3

Department of the Treasury

OMB No. 1505-0123

Approval Expires 12/31/2017

SCHEDULE 2: DETAILS OF SECURITIES
1.

Reporter Identification Number (RSSD):……………….……………………..…………

2.

Sequence Number: …………………………………………………………………………..…… , ,

3.

Reporting Unit:……………………………………………………………..………….………….…………..………..

4.

Name of Reporting Unit: ____________________________________________________________________________

, ,

5. Reporting As: …………………………………………………………………………………………………………...…
1 = Issuer

2 = Custodian

6. Security ID…………………………………………………………………………
7. Security ID System: ………………………………….………………………………………………………………..…..
1 = CUSIP
2 = ISIN
6 = Internally Generated

3 = CINS
4 = Common Code
7 = Other (provide answer to 8)

5 = SEDOL

8. For code of Other (7) enter the name of the organization or system that assigned the Security ID:

9. Security Description:
10. Name of Issuer:
11. Type of Issuer: ……………………………………………………………………………………………………………
1 = United States Treasury and Federal Financing Bank
2 = Federal agency or federally sponsored enterprise
3 = State or local government, including their subdivisions

4 = Depository institution
5 = Other financial organization (including BHC, FHC, broker/dealer)
6 = Nonfinancial organization

12. Security Type: …………………………………..……………………………………………………………………
Equities

Debt (excluding asset-backed securities)

1 = Common stock
2 = Preferred stock
3 = Fund shares
4 = All other equity

5 = Commercial paper
6 = Negotiable CD
7 = Convertible debt security
8 = Zero-coupon bond or note

9 = Bond or note, unstripped
10 = Bond or note, stripped
11 = All other debt

Asset-Backed Securities
12 = Asset-backed security

13. Country of Residence of Foreign Holder: (Refer to Appendix C)………………………………………

…… …

…

14. Currency of Denomination: (Refer to Appendix E)……………………………………………………………… …. …….
15. Type of Foreign Holder: (Refer to Appendix C and D) ……………………………………………………………..…..
1 = Official

SHL(A)

2 = Other

Schedule 2, Page 1 of 2

Department of the Treasury

OMB No. 1505-0123

Approval Expires 12/31/2017

Reporter Identification Number (RSSD): …………………………………………….………

16. US$ Fair Value of Security:….………………….………………………… …

,

… ,

17. Fair Value of Security in the Currency of Denomination:……………………

,

,

,

,

,

,

,

FOR EQUITIES ONLY
(Security Types 1, 2, 3 or 4)
18. Number of Shares:………………………………………………………….….

FOR ALL DEBT SECURITIES
(NON-ASSET-BACKED AND ASSET-BACKED SECURITIES)
(Security Types 5, 6, 7, 8, 9, 10, 11, or 12)
19. Face Value (for non-ABS) or Remaining Principal Outstanding (for ABS)
in the Currency of Denomination: ……………….…………………..…

,

,

, ,

,

,

,

,

FOR ASSET-BACKED SECURITIES ONLY
(Security Type 12)
20.

Original Face Value in the Currency of Denomination: ……………….……..

FOR ALL DEBT SECURITIES
(NON-ASSET-BACKED AND ASSET-BACKED SECURITIES)
(Security Types 5, 6, 7, 8, 9, 10, 11, or 12)
21.

Issue Date: (MMDDYYYY)……………………………………………………………………

22.

Maturity Date: (MMDDYYYY)…………………….………………………………………….

SHL(A)

Schedule 2, Page 2 of 2

,

PPE DI
B

34

APPENDIX B - FLOWCHARTS SHOWING REPORTING RESPONSIBILITY
A.

FLOWCHART FOR U.S.-RESIDENT CUSTODIANS (all securities, including all bookentry securities held at a U.S.-resident central securities depository)

1. A foreign-resident investor or custodian uses U.S.-resident custodian to hold U.S. securities for its account and
the U.S.-resident custodian does not use a U.S. resident sub-custodian.

Foreign-resident
owner
or
Foreign-resident
custodian

U.S.-resident
custodian

Reports on Schedule 2

U.S.-resident
central securities
depository

Reports only if no U.S.-resident
custodian is used

2. A foreign-resident investor or custodian uses U.S.-resident custodian to hold U.S. securities for its account and
the U.S.-resident custodian uses a U.S. resident sub-custodian.

Foreign-resident
owner
or
Foreign-resident
custodian

U.S.-resident
custodian

U.S.-resident subcustodian

Reports on Schedule 2 if
they don’t fully disclose the
client information to the
sub-custodian
Reports on Schedule 2 if they
know the foreign client

26

B.

FLOWCHART FOR U.S.-RESIDENT ISSUERS (registered securities, including all book-entry
securities not issued directly into a foreign market)

U.S. registered security is held directly by a foreigner (i.e., no U.S.-resident custodian and no U.S.-resident
central securities depository is used).

Foreign-resident
owner
or
Foreign-resident
custodian
or
Foreign-resident central
securities depository

U.S.-resident
issuer

Reports on Schedule 2

C.

FLOWCHART FOR SECURITIES ISSUED DIRECTLY INTO THE FOREIGN MARKET

Issuers should assume that the entire issue is held directly by foreign residents. U.S.-resident custodians should
report all securities held in custody that are foreign owned.

Foreign-resident
owner

U.S.-resident
custodian

U.S.-resident
issuer

↓

Reports ENTIRE issue on Schedule 2

↓

Reports amounts owned by foreigners on Schedule 2

Note: FRBNY eliminates double reporting on a security-by-security basis. Custodial information is used
to provide information on the geographical distribution of the owners of these securities.

27

FLOWCHART FOR DETERMINING REPORTABLE SECURITIES

Is this an equity security, a
debt security (including
ABS), or a reportable money
market instrument?

NO

YES

Is this security
issued by a U.S.
resident?
(See Note)

NO

Do not report nonsecurities such as
derivatives, loans,
and nonnegotiable
deposits.

Do not report
securities issued
by foreign
residents,
including foreign
branches and
subsidiaries of
U.S. entities.

YES
Is the owner of the
U.S. security a
foreign resident?

NO

If a U.S. equity security,
does the investment
represent less than 10% of
the issuer’s voting equity?

NO

YES

YES

This security is reportable. Please refer
to Flowcharts A through C to determine
who is responsible for reporting
detailed Schedule 2 data.

Do not report U.S.
securities owned
by U.S. residents
because this
investment does
not represent a
cross-border
investment.
In most cases, do
not report
investments that
represent 10% or
more of the
issuer’s voting
equity, i.e., direct
investments. (See
Section III.I for a
complete
definition of direct
investment.)

Note: Depositary receipts/shares backed by foreign securities are considered “foreign.” In addition, all securities
issued by the multinational organizations listed in Appendix Dare considered foreign.
28

APPENDIX C
DEPARTMENT OF THE TREASURY

GEOGRAPHICAL CLASSIFICATION
CODES FOR COUNTRIES, AREAS & INTERNATIONAL/REGIONAL ORGANIZATIONS
TO BE USED FOR PURPOSES OF REPORTING ON
TREASURY INTERNATIONAL CAPITAL FORMS

The most recent version of this appendix is now a separate document.
A copy is in Column A on the Treasury website at:
http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/foihome.aspx

29

APPENDIX D
DEPARTMENT OF THE TREASURY

CERTAIN FOREIGN INSTITUTIONS CLASSIFIED AS OFFICIAL,
A LIST TO BE USED ONLY FOR PURPOSES OF REPORTING ON
TREASURY INTERNATIONAL CAPITAL (TIC) FORMS

The most recent version of this appendix is now a separate document.
A copy is in column B on the Treasury website at:
http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/foihome.aspx

30

APPENDIX E : LIST OF CURRENCY CODES
Code
AFN
ALL
DZD
ADP
AOR
ARS
AMD
AWG
AUD
AZM
BSD
BHD
BDT
BBD
BYR
BZD
BMD
BTN
BOB
BWP
BAM
BRL
BND
BGN
BIF
KHR
CAD
CVE
KYD
XOF
XAF
XPF
CLP
CNY
COP
KMF
CDF
CRC
HRK
CUP

Currency
Afghanistan Afghani
Albanian Lek
Algerian Dinar
Andorran Peseta
Angolan Kwanza Reajustado
Argentine Peso
Armenian Dram
Aruban Guilder
Australian Dollar
Azerbaijanian New Manat
Bahamian Dollar
Bahraini Dinar
Bangladeshi Taka
Barbados Dollar
Belarusian Ruble
Belize Dollar
Bermudian Dollar
Bhutan Ngultrum
Bolivian Boliviano
Botswana Pula
Bosnia & Herzegovina
Convertible Marks
Brazilian Real
Brunei Dollar
Bulgarian Lev
Burundi Franc
Cambodian Riel
Canadian Dollar
Cape Verde Escudo
Cayman Islands Dollar
CFA Franc BCEAO
CFA Franc BEAC
CFP Franc
Chilean Peso
Chinese Yuan Renminbi
Colombian Peso
Comoro Franc
Congolais Franc
Costa Rican Colon
Croatian Kuna
Cuban Peso

Code
CYP
CZK
DKK
DJF
DOP
XCD
EGP
SVC
ERN
EEK
ETB
EUR
FKP
FJD
GMD
GEL
GHC
GIP
GTQ
GWP
GNF
GYD
HTG
HNL
HKD
HUF
ISK
INR
IDR
IRR
IQD
JMD
JPY
JOD
KZT
KES
KWD
KGS
LAK
LVL

31

Currency
Cyprus Pound
Czech Koruna
Danish Krone
Djibouti Franc
Dominican Peso
East Caribbean Dollar
Egyptian Pound
El Salvador Colon
Eritrea Nakfa
Estonia Kroon
Ethiopian Birr
European Union Euro
Falkland Islands Pound
Fiji Dollar
Gambia Dalasi
Georgia Lari Ghana
Cedi Gibraltar
Pound Guatemala
Quetzal GuineaBissau Peso Guinea
Franc Guyana
Dollar Haitian
Gourde Honduras
Lempira Hong
Kong Dollar
Hungarian Forint
Iceland Krona
Indian Rupee
Indonesian Rupiah
Iranian Rial
Iraqi Dinar
Jamaican Dollar
Japanese Yen
Jordanian Dinar
Kazakhstan Tenge
Kenyan Shilling
Kuwaiti Dinar
Kyrgyzstan Som
Laos Kip
Latvian Lats

Code
LBP
LSL
LRD
LYD
LTL
MOP
MKD
MGF
MWK
MYR
MVR
MTL
MRO
MUR
MXN
MDL
MNT
MAD
MZM
MMK
NAD
NPR
ANG
ILS
TWD
NZD
NIO
NGN
KPW
NOK
OMR
PKR
PAB
PGK
PYG
PEN
PHP
PLN
GBP
QAR
ROL
RUB
RWF
SHP
WST

Currency
Lebanese Pound
Lesotho Lote
Liberian Dollar
Libyan Dinar
Lithuanian Litas
Macau SAR Pataca
Macedonian Denar
Malagasy Franc
Malawi Kwacha
Malaysian Ringgit
Maldives Rufiyaa
Maltese Lira
Mauritania Ouguiya
Mauritius Rupee
Mexican Peso
Moldovan Leu
Mongolian Tugrik
Moroccan Dirham
Mozambique New Metical
Myanmar Kyat
Namibia Dollar
Nepalese Rupee
Netherlands Antillean Guilder
New Israeli Shekel
New Taiwan Dollar
New Zealand Dollar
Nicaraguan Cordoba Oro
Nigerian Naira
North Korean Won
Norwegian Krone
Omani Rial
Pakistani Rupee
Panamanian Balboa
Papua New Guinea Kina
Paraguay Guarani
Peruvian New Sol
Philippine Peso
Polish Zloty
Pound Sterling
Qatari Rial
Romanian Leu
Russian Ruble
Rwanda Franc
Saint Helena Pound
Samoan Tala

Code
STD
SAR
SCR
SLL
SGD
SKK
SIT
SBD
SOS
ZAR
KRW
SSP
LKR
SDD
SRG
SZL
SEK
CHF
SYP
TWD
TJS
TZS
THB
TOP
TTD
TND
TRY
TMM
UGX
UAH
AED
USD
UYU
UZS
VUV
VEB
VND
YER
YUM
ZMK
ZWD

32

Currency
Sao Tome & Principe Dora
Saudi Arabian Riyal
Seychelles Rupee
Sierra Leone Leone
Singapore Dollar
Slovak Koruna
Slovenia Tolar
Solomon Islands Dollar
Somali Shilling
South African Rand
South Korean Won
South Sudanese Pound
Sri Lanka Rupee
Sudanese Dinar
Suriname Guilder
Swziland Lilangeni
Swedish Krona
Swiss Franc
Syrian Pound
Taiwan New Dollar
Tajikistan Somoni
Tanzanian Shilling
Thailand Baht
Tongan Pa’anga
Trinidad and Tobago Dollar
Tunisian Dinar
Turkish Yani
Turkmenistan Manat
Uganda New Shilling
Ukrainian Hryvnia
United Arab Emirates Dirham
United States Dollar
Uruguayo Peso
Uzbekistan Sum
Vanuatu Vatu
Venezuelan Bolivar
Vietnamese Dong
Yemeni Rial
Yugoslavian Dinar
Zambian Kwacha
Zimbabwean Dollar

APPENDIX – F

GLOSSARY

The most recent version of this appendix is now a separate document.

A copy is on the TIC website at:

http://www.treasury.gov/ticdata/Publish/ticglossary-june2014.pdf

33

APPENDIX – G

Technical Information for Electronic Submission

The instruction guide on how to submit through Reporting Central can be found at the link below:
http://www.frbservices.org/files/reporting/pdf/external_user_guide.pdf

34

APPENDIX – H

LIST OF FEDERAL AGENCIES AND FEDERALLY SPONSORED ENTERPRISES

A. U.S. FEDERAL GOVERNMENT AGENCIES and CORPORATIONS
Architect of the Capital
Commodity Credit Corporation (CCC)
Department of Agriculture, including former Rural Electrification Administration (REA), and
former Farmers Housing Administration (FmHA).
Department of Defense and Military Services (e.g. Air Force)
Department of Housing and Urban Development (HUD)
Department of Interior
Export-Import Bank of the United States (Ex-Im Bank)
Federal Communication Commission (FCC)
Farm Credit System Financial Assistance Corporation (FCSFAC)
Federal Deposit Insurance Corporation (FDIC), including FSLIC Resolution Fund
Federal Housing Administration (FHA)
Financing Corporation (FICO)
General Services Administration (GSA)
Government National Mortgage Association (GNMA or Ginnie Mae)
Maritime Administration
National Archives and Records Administration (NARA)
National Consumer Cooperative Bank
Overseas Private Investment Corporation (OPIC)
Resolution Funding Corporation (REFCORP)
Rural Telephone Bank
Small Business Administration (SBA)
Tennessee Valley Authority (TVA), including lease obligations
Washington Metropolitan Area Transit Authority (WMATA)

B. FEDERALLY SPONSORED ENTERPRISES
Farm Credit System:
Agricultural Credit Bank (ACB)
Farm Credit Banks (FCB)
Federal Agricultural Mortgage Corporation (FAMC or Farmer Mac)
Federal Home Loan Banks (FHLB)
Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac)
Federal National Mortgage Association (FNMA or Fannie Mae)

35