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MANDATORY REPORT TO THE FEDERAL RESERVE BANK OF NEW YORK
REPORT OF FOREIGN-RESIDENTS’ HOLDINGS OF
U.S. SECURITIES, INCLUDING SELECTED MONEY
MARKET INSTRUMENTS (SHL(A))
As of the last business day of June
Mandatory Report Response Required
By Law (22 U.S.C. 3101 et seq.)
3
Department of the Treasury
Federal Reserve Bank of New York
Board of Governors of the Federal Reserve System
June 2020
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
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III. WHAT SECURITIES MUST BE REPORTED
7-17
A. FOREIGN-RESIDENT OWNERSHIP
7
B. REPORTABLE U.S. SECURITIES
8
C. DO NOT REPORT
9
D. ASSET-BACKED SECURITIES
10
E. FUNDS AND RELATED EQUITY OWNERSHIP
10
F. SECURITIES INVOLVED IN REPURCHASE AND SECURITIES LENDING 13
ARRANGEMENTS
G. STRIPPED SECURITIES
13
H. U.S. GOVERNMENT AGENCIES OR FEDERALLY SPONSORED
13
ENTERPRISES
I. DIRECT INVESTMENT
14
J. SECURITIES HELD BY U.S. CENTRAL SECURITIES DEPOSITORIES
14
K. LIMITED PARTNERSHIPS
15
L. ACCOUNTING RULES, VALUATION OF SECURITIES, AND
16
CALCULATION OF U.S. DOLLAR VALUES
M. DATA RETENTION PERIOD
17
N. REVIEW OF DATA AND REQUEST FOR REVISED DATA
17
IV.
LINE-BY-LINE INSTRUCTIONS FOR SCHEDULE 1-REPORTER
CONTACT INDENTIFICATION AND SUMMARY OF
FINANCIAL INFORMATION
18-20
V.
LINE-BY-LINE INSTRUCTIONS FOR SCHEDULE 2-DETAILS OF
SECURITIES
21-25
APPENDICES
A. SAMPLE REPORTING SCHEDULES
26
B. FLOWCHARTS
SHOWING REPORTING
RESPONSIBILITY DETERMINING
REPORTABLE SECURITIES
27-28
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
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32-33
34
35
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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, 2020. 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 nonbenchmark years. The next full Benchmark survey will be as of June 28, 2024.
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, 2019
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.
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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. While the burden will vary widely from respondent to respondent, 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
Washington, DC 20220, or
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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.
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II. GENERAL INSTRUCTIONS
A.
WHO MUST REPORT
All U.S.-resident entities that have 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.
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B. CONSOLIDATION RULES
U.S.-resident organizations, including bank holding companies (BHC), financial holding companies (FHC),
and intermediate holding companies (IHC) 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 XML 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.
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•
For more information on how to submit data using the Reporting Central system, log on to
https://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: https://www.frbservices.org/centralbank/reportingcentral/application_setup.html
Completed applications should be sent to:
Federal Reserve Bank of New York
Data and Statistics Function, 6th 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
Data and Statistics Function, 6th 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:
https://www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms-sh.aspx#shl
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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 (including shares in funds), 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.
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(See Appendix C for a complete list of these
organizations. Most are in the regional group codes: 72907, 73903, 74918, 74942, 75906, 76902, and 77909.)
•
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.
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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
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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
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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);
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•
hedge funds; and
•
common trust funds.
•
private 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 foreignresident 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 foreignresident 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, administrators 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) of a hedge fund that the investment manager
establishes and the investments the manager makes in these entities, are portfolio investment and should be
reported on this report as long as they meet the criteria for the direct investment exception for private funds
described below.
Example 1
A U.S. investment manager creates a hedge fund comprised of a U.S. Master Fund, a Cayman Feeder Fund, and
a U.S Feeder Fund. 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
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foreign feeder fund should be reported on the TIC 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 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).
Direct investment exception for private funds (see Direct Investment in the glossary)
While investments in U.S. entities of 10 percent or more of their voting interest by a foreign entity are typically
excluded from TIC reports, investments in private funds, or between the entities of a private fund, are included in
TIC surveys regardless of ownership share if they meet BOTH of the following criteria:
•
The private fund does not own, directly or indirectly through another business enterprise, an
“operating company” – i.e., a business enterprise that is not a private fund or a holding company— in
which the foreign parent owns at least 10 percent of the voting interest,
AND
•
If the private fund is owned indirectly (through one or more other U.S. business enterprises), there
are no “operating companies” between the foreign parent and the indirectly-owned private fund.
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 entity 1) has less than 10% voting interest, 2) non-voting interest in the U.S. private
fund, or 3) meets the criteria above regarding “operating companies”, it is not a direct investment and 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
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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, 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 zero- coupon
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 ‘teddy bears’ (TBRs), ‘tigers’ (TIGRs),
‘cats’ (CATS) and ‘cougars’ (COUGRs) should also be classified as U.S. Treasury securities. Holdings of TIPS and
Floating Rate Notes should be reported at fair market value and should not include inflation accretion.
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).
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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 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
Please review the definition of Direct Investment in the TIC glossary and the list of excluded investments in these
instructions (see sections III.C, III.E (direct investment exception), and III.K (Limited Partnerships)) to determine
which investments are direct investments reportable to the Bureau of Economic Analysis of the Department of
Commerce, and not reportable on the TIC SHL(A) and the TIC SLT reports. All holdings known to be direct
investment should be excluded from TIC reports.
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.
15
General partner ownership interests may be considered to be direct investment, in which case such interests should
be excluded from this report (see Section III.I for a more complete definition of direct investment.)
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). For coupon bonds, valuations should be based on “clean” prices, that
is, excluding accrued interest.
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 asset-backed securities (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
16
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.
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.
17
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 reporter type)
1 = Depository Institution
4 = Insurance Company
7 = Foundation, Trust, or Estate
2 = Fund/Fund Manager/Sponsor 5 = Other Financial Organization
8 = Institution of Higher Learning
(excluding a pension fund)
(including BHC,FHC, IHC, broker/dealers)
(e.g., university)
3 = Pension Fund
6= Non-Financial Organization
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.
19
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.
15. 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 18 = security types 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 19 = security types 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 19 = security types 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 20 = security type 12),
rounded to the nearest U.S. dollar.
20
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.
21
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" for issuer if your entity issued this security (even if you are also acting as the
custodian). Enter "2" if your entity did not issue this security.
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.
22
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, FHC and
IHC)
•
Enter "6" if the security was issued by a nonfinancial organization.
12. 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
Type 1 should be used to report all common stock, including restricted common shares.
Type 2 should be used to report all preferred stock, including participating preference shares,
nonparticipating preference shares, convertible preferred stock, and restricted preferred shares.
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
23
mutual funds, and unit investment trusts. (See Section III.E)
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.
Type 5 should be used to report all commercial paper, including asset-backed commercial paper.
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.
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.
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 nonasset-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 assetbacked securities, the tranches, and the IO and PO components, should be reported as type 12.
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.”
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.
Type 11 should include all debt other than asset-backed securities that is not covered in types 5-10,
including U.S. Treasury bills, TBRs, TIGRs, CATS, and COUGRs.
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
24
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
25
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.
26
APPENDIX A
SAMPLE REPORTING FORM SHL/SHLA
This form is also available separately at the following Treasury website:
https://www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms-sh.aspx
27
Department of the Treasury
OMB No. 1505-0123
Approval Expires 10/31/2024
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)
4 = Insurance Company
5 = Other Financial Organization
(including BHC, FHC, broker/dealers)
7 = Foundation, trust, estate
8 = Institution of higher learning
(e.g., university)
3 = Pension Fund
6 = Non-financial Organization
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 10/31/2024
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
Reporter Identification Number (RSSD)…………………………………………...…
Approval Expires 10/31/2024
..
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 10/31/2024
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 10/31/2024
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
,
,
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
28
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.
29
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
non- securities
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.
30
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:
https://www.treasury.gov/resource-center/data-chart-center/tic/Pages/foihome.aspx
31
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:
https://www.treasury.gov/resource-center/data-chart-center/tic/Pages/foihome.aspx
32
APPENDIX E: LIST OF CURRENCY CODES
Code
AFN
ALL
DZD
ADP
AOA
ARS
AMD
AWG
AUD
AZN
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
Afghan Afghani
Albanian Lek
Algerian Dinar
Andorran Peseta
Angolan Kwanza
Argentine Peso
Armenian Dram
Aruban Guilder
Australian Dollar
Azerbaijani Manat
Bahamian Dollar
Bahraini Dinar
Bangladeshi Taka
Barbadian Dollar
Belarusian Ruble
Belizian Dollar
Bermudian Dollar
Bhutanese Ngultrum
Bolivian Boliviano
Botswana Pula
Bosnia & Herzegovina
Convertible Mark
Brazilian Real
Bruneian Dollar
Bulgarian Lev
Burundian Franc
Cambodian Riel
Canadian Dollar
Cape Verdean Escudo
Cayman Islands Dollar
CFA Franc BCEAO
CFA Franc BEAC
CFP Franc
Chilean Peso
Chinese Yuan Renminbi
Colombian Peso
Comorian Franc
Congolese 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
GHS
GIP
GTQ
GWP
GNF
GYD
HTG
HNL
HKD
HUF
ISK
INR
IDR
IRR
IQD
JMD
JPY
JOD
KZT
KES
KWD
KGS
LAK
LVL
33
Currency
Cypriot Pound
Czech Koruna
Danish Krone
Djiboutian Franc
Dominican Peso
East Caribbean Dollar
Egyptian Pound
Salvador Colon
Eritrean Nakfa
Estonian Kroon
Ethiopian Birr
Euro
Falkland Islands Pound
Fijian Dollar
Gambian Dalasi
Georgian Lari
Ghanaian Cedi
Gibraltar Pound
Guatemalan Quetzal
Guinea-Bissau Peso
Guinean Franc
Guyana Dollar
Hatian Gourde
Honduran Lempira
Hong Kong Dollar
Hungarian Forint
Icelandic Krona
Indian Rupee
Indonesian Rupiah
Iranian Rial
Iraqi Dinar
Jamaican Dollar
Japanese Yen
Jordanian Dinar
Kazakhstani Tenge
Kenyan Shilling
Kuwaiti Dinar
Kyrgyzstani Som
Laotian Kip
Latvian Lats
Code
LBP
LSL
LRD
LYD
LTL
MOP
MKD
MGA
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
RON
RUB
RWF
SHP
WST
Currency
Lebanese Pound
Lesotho Loti
Liberian Dollar
Libyan Dinar
Lithuanian Litas
Macau Pataca
Macedonian Denar
Malagasy Ariary
Malawian Kwacha
Malaysian Ringgit
Maldivian Rufiyaa
Maltese Lira
Mauritanian Ouguiya
Mauritiuian Rupee
Mexican Peso
Moldovan Leu
Mongolian Tugrik
Moroccan Dirham
Mozambican Metical
Burmese Kyat
Namibian Dollar
Nepalese Rupee
Netherlands Antillean Guilder
Israeli New 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 Guinean Kina
Paraguayan Guarani
Peruvian Sol
Philippine Peso
Polish Zloty
Pound Sterling
Qatari Riyal
Romanian Leu
Russian Ruble
Rwandan Franc
Saint Helena Pound
Samoan Tala
Code
STD
SAR
RSD
SCR
SLL
SGD
SKK
SIT
SBD
SOS
ZAR
KRW
LKR
SDG
SRG
SZL
SEK
CHF
SYP
TWD
TJS
TZS
THB
TOP
TTD
TND
TRY
TMT
UGX
UAH
AED
USD
UYU
UZS
VUV
VEF
VND
YER
YUM
ZMW
34
Currency
Sao Tome & Principe Dora
Saudi Arabian Riyal
Serbian Dinar
Seychelles Rupee
Sierra Leonean Leone
Singapore Dollar
Slovak Koruna
Slovenian Tolar
Solomon Islands Dollar
Somali Shilling
South African Rand
South Korean Won
Sri Lankan Rupee
Sudanese Pound
Surinamese Dollar
Swazi Lilangeni
Swedish Krona
Swiss Franc
Syrian Pound
Taiwan New Dollar
Tajikistani Somoni
Tanzanian Shilling
Thailand Baht
Tongan Pa'anga
Trinidad and Tobago Dollar
Tunisian Dinar
Turkish Lira
Turkmenistani Manat
Ugandan Shilling
Ukrainian Hryvnia
United Arab Emirates Dirham
United States Dollar
Uruguayan Peso
Uzbekistani Sum
Vanuatu Vatu
Venezuelan Bolivar
Vietnamese Dong
Yemeni Rial
Yugoslavian Dinar
Zambian Kwacha
APPENDIX – F
GLOSSARY
The most recent version of this appendix is now a separate document.
A copy is on the TIC website at:
http://ticdata.treasury.gov/Publish/ticglossary-2018march.pdf
35
APPENDIX – G
Technical Information for Electronic Submission
The instruction guide on how to submit through Reporting Central can be found at the link below:
https://www.frbservices.org/files/reporting/pdf/external_user_guide.pdf
36
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)
37
| File Type | application/pdf |
| File Title | Microsoft Word - dw4-29Liabilities 2005 instructions final 4-27.doc |
| Author | WolkowD |
| File Modified | 2021-10-07 |
| File Created | 2005-04-29 |