welcome to the treasury international capital (tic) reports seminar november 13, 2002

WELCOME TO THE TREASURY INTERNATIONAL CAPITAL

(TIC) REPORTS SEMINAR

NOVEMBER 13, 2002

TIC GENERAL OVERVIEW

ORIGINS

The Treasury International Capital (TIC) Reporting System originated in 1934 to provide U.S. government data on U.S. international portfolio investment and capital movements

PURPOSE

Balance of Payments– Statistical statement that summarizes economic transactions

for an economy with the rest of the world• Current Account

– (e.g., goods, services, income)• Capital Account

– (non-produced, non-financial assets)• Financial Account

– (U.S. Reserves, Direct Investment, Portfolio Investment)

PURPOSE

U.S. International Investment Position– Net International Investment Position

Monetary and Fiscal Policies– Assessments of the U.S. economy– Money and credit aggregates– Debt aggregates– Monitoring banks’ operations and competitiveness– Exposure to country risk

PURPOSE

Economic Analysis– Financial account analysis

– Capital markets analysis

– Country analysis

PUBLICATIONS OF TIC DATA

Treasury Bulletin– Published quarterly by the U.S. Department of Treasury

Federal Reserve Bulletin– Published monthly by the Federal Reserve Board

Survey of Current Business– Published monthly by the Dept. of Commerce, Bureau of

Economic Analysis International Financial Statistics

– Published monthly by the IMF

PUBLICATIONS OF TIC DATA

TIC WEB SITE– http://www.ustreas.gov/tic/

– Monthly time series, by country, updated on the last business day each month on a two month lag:

• Banking liabilities and claims positions by major category

• International securities transactions

• Net foreign purchases of long-term U.S. Treasury issues, by major foreign sector

• Estimated “Major Foreign Holders of U.S. Treasury Securities”

RELATIONSHIP TO OTHER REPORTS

Foreign Holdings of U.S. Securities, Including Selected Money Market Instruments

(Form SHL) U.S. Ownership of Foreign Securities, Including

Selected Money Market Instruments (Form SHC)

Treasury Foreign Currency (TFC) Forms Direct Investment Forms

REPORT SERIES

TIC B Forms (BC, BC (SA), BL-1, BL-1(SA), BL-2, BL-2 (SA), BQ-1, BQ-2 and BQ-3)– Reports by Depository Institutions, by Bank Holding

Companies/Financial Holding Companies (BHCs/FHCs), and Securities Brokers/Dealers of Liabilities to, and Claims on, Foreign Residents by U.S. Residents

– Monthly, Quarterly and Semiannual reports

REPORT SERIES

TIC C Forms (CQ-1 and CQ-2)– Reports for U.S. Residents Other than Depository Institutions

and Securities Brokers/Dealers on Liabilities to, and Claims on, Foreign Residents

– Quarterly reports

TIC S Form – Report of Purchases and Sales of Long-term Securities by

Foreigners– Monthly report

REASON FOR CHANGES

To meet new and expanded international standards for reporting data on portfolio flows to the International Monetary Fund (IMF)

To reduce reporting burden To clarify reporting instructions To improve the quality of the data by closing

data gaps

EFFECTIVE DATES OF CHANGE

All monthly TIC B and TIC S report series are effective with the February 2003 as-

of date All quarterly TIC B and TIC C report series are

effective with the March 2003 as-of date

All semiannual TIC B report series are effective with the June 2003 as-of date

CHANGES TO THE TIC BANKING FORMS

(Effective Feb. 2003)

Overall Changes Depository institutions, BHC/FHCs and brokers and

dealers will report most cross-border positions with affiliates (including affiliates of their parent) by type of counterparty and instrument

The scope of reportable claims and liabilities has been expanded to include all positions in covered instruments– permanent capital

– unrealized gains and losses



The scope of customers’ positions has been expanded to include non-traditional custody items

Combining claims on foreign official institutions with claims on foreign banks

Including claims/liabilities to own foreign offices either with foreign banks or all other foreigners, and in

a separate memorandum column



Combining short-term U.S. agency obligations and other negotiable and readily transferable

instruments Eliminating BQ-1, Part 1, Reporter’s Own Claims

(maturity information) Memorandum cells to capture customers’ liabilities by

sector of U.S. debtor and types of instruments



“Of Which” Memorandum Items – Negotiable CDs and other short-term negotiable

securities (BC)

– Non-interest bearing liabilities (BL-1)

– Commercial paper and claims of U.S. banks (BQ-1)



New Report Form – The BQ-3 will be required for those reporters with $4 billion

or more in reportable liabilities (excluding securities) as reported on the BL-1 or BQ-2



Mapping of Current Forms to New Forms (Exhibit 1)

TIC B GENERAL

INSTRUCTIONS

WHO MUST REPORT

Depository institutions including– Commercial banks– U.S. branches and agencies of foreign banks– Trust companies that conduct commercial banking business– Industrial banks, private or unincorporated banks– Banking Edge Acts and Agreement corporations– New York State Article XII corporations– Mutual or stock savings banks– Non-deposit and limited purpose companies– Non-bank banks

WHO MUST REPORT

Securities brokers/dealers, regardless of their affiliations with other entities

Bank Holding Companies (BHCs) and Financial Holding Companies (FHCs)

Depository Institutions

Securities Brokers/Dealers

BHCs / FHCs

DistrictFRB FRBNY

CONSOLIDATION RULES HOW TO FILE

FORMS

BC/BC (SA) - Report of U.S. Dollar Claims of Depository Institutions, Bank Holding

Companies/Financial Holding Companies, Brokers, and Dealers on Foreigners

BL-1/BL-1 (SA) - Report of U.S. Dollar Liabilities of Depository Institutions, Bank Holding

Companies/Financial Holding Companies, Brokers, and Dealers to Foreigners

FORMS

BL-2/BL-2 (SA) - Report of Customers’ U.S. Dollar Liabilities to Foreigners

BQ-1 - Report of Customers’ U.S. Dollar Claims on Foreigners

new

FORMS

BQ-2

Part 1 - Report of Foreign Currency Liabilities and Claims of Depository Institutions, Bank Holding Companies/Financial Holding Companies, Brokers and Dealers, and of their Domestic Customers vis-à-vis Foreigners

Part 2 - Report of Customers’ Foreign Currency Liabilities to Foreigners

new

FORMS

BQ-3

Report of Maturities of Selected Liabilities of Depository Institutions, Bank

Holding Companies/Financial Holding Companies, Brokers, and Dealers to Foreigners

DATES

Form

BC, BL-1, BL-2

BQ-1, BQ-2, BQ-3

BC (SA), BL-1 (SA),

BL-2 (SA)

Due Date

No later than the 15th calendar day of the following month



As of Date

Last business day of each month

Last business day of March, June, September and December

Last business day of June and December

EXEMPTION LEVEL S

Applies to the consolidated reportable claims and liabilities

Once the exemption level is exceeded, reports must continue to be submitted for the remainder of the calendar year

EXEMPTION LEVELS

Form Grand Total of all Individual Country

Geographic areas Data

(Row 9999-6) (Any Country Row) BC$50 Million $25 Million

BL-1 $50 Million $25 Million

BL-2 $50 Million $25 Million

BQ-1 $50 Million $25 Million

BQ-2, Part 1 $50 Million $25 Million

BQ-2, Part 2 $50 Million N/A

new

EXEMPTION LEVELS

Form Total reported data on Forms BL-1 and BQ-2, Part 1, Columns 1 and 2

Geographical Areas (Row 9999-6)

BQ-3 $4 Billion

new

DATA SUBMISSION

Reporters’ Information– The RSSD ID and name of reporting entity must be entered in

the space provided on each page of the report form

Alternative Methods of Reporting– Electronically via Internet Electronic Submission System

(IESUB)– Typed or handwritten in ink– Computer generated with prior written approval from the

responsible Federal Reserve Bank

DATA SUBMISSION

Signature Requirement– Hard Copy

• Report forms must be signed by an authorized officer of the reporting institution

– Electronic filers• Signature page should be retained by the reporter

– Methods of Submission• Mail• Fax• Hand delivered

MAINTAINING DATA RECORDS

Record/Report Retention– Reports must be retained for 3 years from the date of

submission

TIC B COMMON

REPORTING ELEMENTS

GENERAL ACCOUNTING ISSUES

Report gross, using settlement date accounting Report in millions of U.S. dollars at the face

value of the instrument Report the U.S. dollar equivalent of foreign

currency denominated transactions converted by using the spot exchange rate on the as of date of the report


This differs from the S report for which securities are reported at cost regardless of any discounts or premiums

Do not report decimals or negative values in any cell


Treatment of Charge-offs, Reserves and Write-offs:– Deduct from reportable claims any charge-offs or

specific reserves (Do not reduce claims by general or valuation reserves)

– Report the amount of the charge-off, including the specific reserves, on the BC (Row 8200-9), in the initial reporting period when established

DEFINITIONS

United States– The fifty states and the District of Columbia

– The Commonwealth of Puerto Rico and the Northern Mariana Islands

– U.S. territories

DEFINITIONS

Location of Foreign Counterparty– The positions should be reported opposite the location in

which the direct counterparty resides, not the location of the guarantor, currency of denomination or the nationality of the counterparty

DEFINITIONS

Example– A respondent has a reportable claim on Cayman Islands

branch of a U.S. bank. The claim should be reported opposite the location in which the direct counterparty resides (Cayman Islands), not the location of that bank’s head office (United States)

DEFINITIONS

Exceptions– Branches or agencies of Foreign Official Institutions

– Bank for International Settlements (BIS)

– Red Cross and The Institute of International Finance

– International and multi-national regional organizations

DEFINITIONS Foreign Resident

– Any individual/entity located outside the United States

– Any entity incorporated or chartered outside the U.S, even if it has no physical presence outside the United States

Include

• Foreign governments and any subdivision or agency

• Entities that have filed an IRS Form W-8

• Branches, subsidiaries and other affiliates of U.S. entities located abroad

Exception: International, Regional or affiliated agencies thereof, created by treaty or convention between sovereign states, even if located in the U.S. are also considered foreign

DEFINITIONS

Own Foreign Offices– Reporter’s own offices located outside the U.S. (banking and

non-banking)

– Foreign-located head office/parent

– Foreign banking subsidiaries of your head office/parent bank

– Exclude

• Foreign-located affiliated banks and non-banking subsidiaries of your foreign head office/parent

Note: Follow the FR 2950/2951 rules not the Call Report rules

RELATIONSHIP CHART FOR REPORTING TIC OWN

FOREIGN OFFICE

FOREIGN BHC

Do Not Include withOwn Foreign Offices

FOREIGN PARENT BANK

Include with Own Foreign Offices

NYBANKING

BRANCH/IBF

TOKYONONBANKING

OFFICE

MADRIDBANKING BRANCH

ROMEBANKINGBRANCH

LONDONNONBANKING

OFFICE

TIC REPORTER

Include with OwnForeign Offices

Do Not Include with Own Foreign Offices

Include with Own Foreign Offices

DEFINITIONS

Brokerage Balances– Cash balances

• held by U.S residents in brokerage and margin accounts with foreigners (liability)

• held by foreign residents in brokerage and margin accounts at U.S. resident entities (claim)

– Reported gross

– Represent funds that are freely withdrawn or held to support positions in futures, securities or other financial instruments

DEFINITIONS

Credit Balances– Liabilities to a third party that are incidental to, or that arise

from, the exercise of banking powers, including the payment of checks and lending money

– Must be no larger than necessary for the specific transaction

– Reported as deposits on the BL-1

– Reported as demand deposits on the BQ-3

DEFINITIONS

Repurchase Agreements– A transaction involving the sale of financial assets by one

party to another, subject to an agreement by the seller to repurchase the assets at a specified date or in specified circumstances

Resale Agreement (Reverse Repurchase Agreement)– A transaction involving the purchase of financial assets by

one party from another, subject to an agreement by the purchaser to resell the assets at a specified date or in specified circumstances

TYPES OF HOLDERS

Foreign Banks– All depository institutions (as defined under the laws of the host

country) that are located outside the U.S.

Include

• Commercial and savings banks

• Nationalized banks

• Development banks

• Discount houses

• Reporter’s banking offices located outside the U.S.

• Other banking institutions which are owned by central governments that are not Foreign Official Institutions

TYPES OF HOLDERS

Foreign Official Institutions (FOIs)– Foreign central governments and their corresponding

departments and agencies including

• Treasuries

• Ministries of finance

– Central banks, including development banks performing the functions of a FOI

– Stabilization funds, including

• Official exchange control or other government exchange authorities

TYPES OF HOLDERS

All Other Foreigners– Foreign securities brokers and dealers

– Departments and agencies of foreign state, provincial, and local governments

– Foreign government-sponsored corporations

– Other foreign financial and non-financial corporations, partnerships, or individuals

– Reporter’s non-banking offices and subsidiaries located outside the U.S.

INTERNET ELECTRONIC SUBMISSION

SYSTEM (IESUB)

IESUB - FEATURES

Data Submission (Initial and Revised)– Data Entry– Spreadsheet File Transfer – STAT File Transfer

Data validation Data review Receipt Remarks Feedback

IESUB - SECURITY

Unique User-ID & Password 128- bit Encryption Server-side certificate

IESUB - COMMENTS FROM USERS

User friendly and convenient Time saver Eliminates paper and fax Able to submit reports for multiple DIs to

multiple Reserve Banks Confirmation of receipt Validity checking

DATA ENTRY/SPREADSHEETFILE TRANSFER

Available Forms TIC BC TIC BC (SA ) TIC BL-1 TIC BL-1 (SA) TIC BL-2 TIC BL-2 (SA)

TIC BQ-1TIC BQ-1TIC BQ-2TIC BQ-2TIC BQ-3TIC BQ-3

TIC STIC STIC CQ-1TIC CQ-1TIC CQ-2 TIC CQ-2

new

REPORT FORMS AVAILABLE

STAT FILE TRANSFER FFIEC 002 FFIEC 002S FR 2900 FR 2900Q FR 2950 FR 2951 FR Y-8

FR Y-9C FR Y-9CS FR Y-9ES FR Y-9LP FR Y-9SP FR Y-11I FR Y-11Q FR Y-12

NON-TIC REPORT FORMS AVAILABLE DATA ENTRY/SPREADSHEET FILE

TRANSFER FR 2004A FR 2004B FR 2004C FR 2004SD FR 2004SI FR 2004WI FR 2069 FR 2415W FR 2415Q FR 2415A FR 2416

FR 2644 FR 2900 FR 2900Q FR 2915 FR 2950 FR 2951 FR Y-8 FR Y-9SP FR Y-9ES FR Y-12

FOR MORE INFORMATIONFOR MORE INFORMATION

Visit

IESUB on the Reporting and Reserves

Web Site

http://www.reportingandreserves.org/iesub.html

IESUB Q & A

TIC MONTHLY REPORT

OF CLAIMS

TIC BC

REPORT OF U.S. DOLLAR CLAIMS OF DEPOSITORY

INSTITUTIONS, BANK HOLDING

COMPANIES/FINANCIAL HOLDING COMPANIES,

BROKERS, AND DEALERS ON FOREIGNERS

REPORTABLE CLAIMS

Report U.S. dollar-denominated claims on foreigners unless specifically excluded,

include:– Affiliates

– Own foreign offices (both banking and non-banking)

– Unaffiliated counterparties

REPORTABLE CLAIMS Deposit balances due from banks (including non-

negotiable CDs) Brokerage balances Customers’ overdrawn accounts Loans and loan participations Resale agreements and similar financing agreements Negotiable CDs Short-term negotiable and non-negotiable securities Money market instruments (e.g., commercial paper,

bankers’ acceptances) with an original maturity of one year or less

SPECIFIC EXCLUSIONS

Long-term securities Credit commitments (unused loan commitments) Spot foreign exchange contracts Derivatives

– Forward and future exchange contracts

– Options

– Warrants

SPECIFIC EXCLUSIONS

Precious metals and currencies in transit or held outside the U.S.

Foreign-currency denominated claims Securities borrowing agreements in which one

security is borrowed in return for another

TYPES OF FOREIGN HOLDERS

Foreign Banks and Foreign Official Institutions– (Columns 1, 2 & 3)

All Other Foreigners– (Columns 4 & 5)

TYPES OF INSTRUMENTS

Non-negotiable Foreign Deposits (Column 1) Deposits

– Demand

– Time

– Savings

– Non-negotiable CDs Brokerage balances from foreign banks


Negotiable CDs and All Short-Term Negotiable

Securities (Columns 2 & 4) Negotiable CDs (Column 2) Negotiable securities (Columns 2 & 4)


Other (Columns 3 & 5) Loans Funds loaned under resale agreements Non-negotiable securities Brokerage balances due from foreign securities

brokers and dealers

“OF WHICH” COLUMN ITEMS

Foreign Official Institutions (Column 7) Report all claims included in Columns 1 through

3 that are due from Foreign Official Institutions


Own Foreign Offices (Column 8)

Include

– All claims in Columns 1 through 5 that are due from own foreign offices, both banking and non-banking, including your direct foreign parent and any non-U.S. banking subsidiary or branch

Exclude

– Claims due from other offices of affiliated banks and non-banking subsidiaries of the reporter’s parent, even though they are reportable in Columns 1 through 5


Resale Agreements (Column 9) Report amounts included in Columns 3 & 5 that

are loaned to foreigners under resale agreements or similar financing agreements. Report them gross ( i.e., no FIN 41 netting)

MEMORANDUM ITEMS “OF WHICH” ROWS

Total IBF Assets Row (8300-3) Report the amounts included in the Grand Total

row (9999-6) which represent claims of your International Banking Facilities (IBFs) on foreigners

Negotiable CDs (8110-8), Column 2 Report the total amount included in the Grand

Total row (9999-6) which represents negotiable CDs issued by foreigners


Assets Written Off This Reporting Period

Memorandum Row (8200-9) The amount of charge-offs or specific reserves

for reportable claims, taken partially or entirely, during the reporting period

Only report charge-offs during the period in which they are established

Do not include general reserves

TIC MONTHLY REPORT

OF LIABILITIES

TIC BL-1

REPORT OF U.S. DOLLAR LIABILITIES OF DEPOSITORY

INSTITUTIONS, BANK HOLDING COMPANIES/FINANCIAL HOLDING

COMPANIES, BROKERS, AND DEALERS TO FOREIGNERS

REPORTABLE LIABILITIES

Report all U.S. dollar-denominated liabilities to foreigners:

– Affiliates

– Own foreign offices (both banking and non-banking)

– Unaffiliated counterparties

REPORTABLE LIABILITIES

Non-negotiable deposits Brokerage balances Overdrawn deposit accounts Loans of any maturity (exclude drawn syndicated

loans where there is a U.S administrative agent) Short-term non-negotiable securities Repurchase agreements and similar financing

agreements

SPECIFIC EXCLUSIONS

Long-term securities Negotiable CDs Negotiable short-term securities Contingent liabilities Spot foreign exchange contracts Derivatives

– Future & forward exchange contracts– Options – Warrants

SPECIFIC EXCLUSIONS

Precious metals (e.g., gold, silver) and currencies in transit or held outside the U.S.

Foreign-currency denominated liabilities Securities lending agreements in which one

security is lent in return for another Loans from a foreigner that are serviced by a

U.S. resident

TYPES OF FOREIGN HOLDERS

Foreign Official Institutions (Columns 1 & 2)

Foreign Banks (Columns 3 & 4)

All Other Foreigners (Columns 5 & 6)


Non-negotiable Deposits and Brokerage Balances

(Columns 1, 3 & 5) Deposits

– Demand

– Time

– Savings

– Non-negotiable CDs Brokerage balances of foreign residents


Non-negotiable Deposits and Brokerage Balances

(Columns 1, 3 & 5)Exclude

Balances swept into money market funds, government securities funds, or other kinds of mutual funds


Other Liabilities (Columns 2, 4 & 6) Non-negotiable securities issued by the reporter Loans from foreign counterparties Funds borrowed under repurchase agreements Overdrawn deposit accounts


Own Foreign Offices (Column 8) Include

– All liabilities in Columns 3 through 6 that are due from own foreign offices, both banking and non-banking,

including your direct foreign parent bank and its non-U.S. banking subsidiaries and branches

Exclude– Depository institution’s liabilities due to offices of other

affiliated banks and to non-banking subsidiaries of the reporter’s parents, even though they are reportable in Columns 3 through 6

“OF WHICH” COLUMN ITEM

Repurchase Agreements (Column 9) Report funds borrowed under repurchase

agreements and similar financing agreements included in Columns 2, 4 & 6. Report them gross ( i.e., no FIN 41 netting)


Total IBF Liabilities Row (8300-3) Report the amounts included in the Grand Total

row (9999-6) which represent liabilities of your International Banking Facilities

(IBFs) on foreigners

Repurchase Agreements Row (8400-7) Report the amounts included in the Grand Total

row (9999-6) which represents funds borrowed from foreigners included in columns 2, 4, 6, & 8


Non-Interest Bearing Liabilities Row (8130-2) Report non-interest bearing liabilities included in the

Grand Total row (9999-6), columns 1 through 6 regardless of the nature of the instruments

TIC MONTHLY REPORT

OF CUSTODYLIABILITIES

TIC BL-2

REPORT OF CUSTOMERS’ U.S.

DOLLAR LIABILITIES TO FOREIGNERS

REPORTABLE CUSTOMER LIABILITIES

U.S. dollar denominated liabilities of U.S. residents to

foreigners– Custody Items

– Liabilities to Managed Foreign Offices

– Loans Placed Overseas

– Short-term Negotiable Securities


Custody Items Short-term negotiable and non-negotiable debt

securities Short-term U.S. Treasury securities Short-term securities issued or guaranteed by U.S.

government agencies and federally-sponsored enterprises

Note: Securities that have been temporally “transferred out”under Repurchase/Resale agreements


Custody Items Negotiable CDs held by the reporter for

foreigners that are issued:– by the reporter or

– another U.S. resident depository institution

Situation 1

A U.S. resident has a liability to a foreign resident in the form of a short-term security or a certificate of deposit (of any maturity)

FLOWCHART 1a - A U.S.-resident custodian is used

Foreign person/investor U.S.-resident custodian

Report on the BL-2 (if U.S. dollar-denominated) or on the BQ-2, Part 2 (if foreign currency-denominated)

Note: The U.S. resident issuer does not report the security or CD on the TIC forms

FLOWCHART 1b -Two U.S.-resident custodians are used

U.S. issuer Foreign person/investor

U.S. institution A that maintains a custodial relationship with U.S. resident custodian B

U.S.-resident institution B that is a custodian for a foreign resident or foreign custodian

Does not report Report on the BL-2 (if U.S. dollar-denominated) or on the BQ-2, Part 2 (if foreign currency-denominated

Note: If multiple U.S. custodians are involved, the U.S. custodian nearest the foreign end-claimant should report.


Liabilities to Managed Foreign Offices Liabilities of non-bank U.S. residents to managed

foreign offices of the reporter – Managed foreign offices are offices for which a majority of the

responsibility for business decisions, or the responsibility for record-keeping for that foreign office resides at the reporter

(See FFIEC 002s instructions for more information located on the FFIEC website at: http://www.ffiec.gov/ffiec_report_forms.html)


Loans Placed Overseas Foreign holdings of loans and loan participations

to U.S. residents that are serviced by the reporter

Situation 3

A U.S resident has a loan from a foreigner which is serviced by a TIC B reporter (U.S.-resident BHC/FHC, depository institution, or securities broker or dealer)

FLOWCHART 3 - Responsibility of loan servicing office

U.S. resident borrowerForeign issuer or foreign custodian

U.S. TIC B reporter

Report loans to U.S. residents on the BL-2 (if U.S. dollar-denominated) or on the BQ-2, Part 2 (if foreign currency-denominated) as “Other Customers’ Liabilities.”

Loan

Serviced by:


Syndicated Loans Liabilities of U.S. residents to foreigners from loan

syndications in which the reporter is the administrative agent– report portion that represents U.S. resident’s U.S. dollar

denominated loan liability to a foreigner only

– report the outstanding amount drawn

Exclude

• unused loan commitments

• loan liabilities in which the administrative agent is foreign

Situation 6

Drawn syndicated loans of U.S. residents held by foreigners

FLOWCHART 6a - A U.S.-resident administrative agent is used

U.S. resident borrower

U.S. Administrative agent

U.S. administrative agent reports on the BL-2 (if U.S. dollar-currency-denominated) or the BQ-2, Part 2 (if foreign currency denominated

Drawn syndicated loan

Foreign lender

FLOWCHART 6b - No U.S.-resident administrative agent is used

U.S. resident borrower

Since no U.S. administrative agent is used, the U.S. borrower reports the liability to foreigners on the BL-1 (or TIC CQ-1 if not a TIC B filer).

Drawn syndicated loan

Foreign lender


Short-term Negotiable Securities Issued by the reporter directly in a foreign market

where no U.S. custodian (other than the reporter) is used

FLOWCHART 1c - No U.S.-resident custodian is used for a negotiable

instrument

U.S. TIC B issuerForeign-resident person

or custodian

Note: All negotiable securities and negotiable CDs issued directly in a foreign market should be reported in this manner.

Report as a Custodian on the BL-2 (if U.S. dollar-denominated) or on the BQ-2, Part 2 (if foreign currency-denominated)

FLOWCHART 1d - No U.S.-resident custodian is used for a non-negotiable

instrument

U.S. TIC B issuer Foreign-resident person or custodian

Note: On the BL-1, non-negotiable CDs are reported as “non-negotiable deposits” and non-negotiable short-term securities are reported as “other”.

Report as an Issuer on the BL-1 (if U.S. dollar-denominated) or on the BQ-2, Part 1 (if foreign currency-denominated)

SPECIFIC EXCLUSIONS

Long-term securities Precious metals (e.g., gold, silver) and currencies held

in reporters’ vaults for foreign-residents Assets which have been temporarily “received in” as

collateral under resale agreements or similar financing agreements

SPECIFIC EXCLUSIONS

Foreign currency-denominated customers’ liabilities

Spot foreign exchange contracts Derivatives

– Forward and future exchange contracts

– Options

– Warrants

TYPES OF FOREIGNER HOLDERS

Foreign Official Institutions (Columns 1, 2 & 3) Foreign Banks (Columns 4, 5 & 6) All Other Foreigners ( Columns 7, 8 & 9)


Short-term U.S. Treasury Obligations (Columns 1, 4 & 7) Report foreign residents’ holdings of short-term

instruments that are direct obligations of the U.S. Treasury


Negotiable Certificates of Deposit and Negotiable

Short-term Securities (Columns 2, 5 & 8) Negotiable CDs Short-term securities including

– Securities of U.S. Government agencies

– Securities of Federally sponsored enterprises

– Securities of agencies and instrumentalities of state and local governments

TYPES OF INSTRUMENT

Other Custody Liabilities (Columns 3, 6 & 9) Loans to U.S. residents from foreigners that are

serviced by the reporter Loans to non-bank U.S. residents from managed

foreign offices of the reporter Syndicated loans from foreigners to U.S. residents for

which the reporter is the administrative agent Custodial holdings of non-negotiable securities


Negotiable CDs (Column 11) Report negotiable CDs held for foreign residents

included in columns 2, 5 or 8

TIC BL-2

MEMORANDUM ROWS

LIABILITIES BY SECTOR OF U.S. DEBTOR

AND BY INSTRUMENT

MEMORANDUM ROWS

Total Bank Debt Row (8102-7) The total of all liabilities included in column 10

of the Grand Total Row (9999-6) for which U.S. depositories are the debtors.

MEMORANDUM ROWS

Loans to Banks Row (8141-8) Loans to U.S. banks from foreigners that are

included in the Total Bank Debt Row (8012-7)

Funds received from repurchase agreements and similar financing agreements included in

Total Bank Debt Row (8012-7)

MEMORANDUM ROWS

Short-term Negotiable Securities Issued by Banks

Row (8142-6) Short-term negotiable securities issued by U.S.

depositories held by foreigners that were included in the Total Bank Debt Row (8141-8)

Exclude

– Negotiable CDs

– Non-Negotiable Securities

MEMORANDUM ROWS

Total General Government Row (8144-2) Report the total of all debt issued by the:

– U.S. Treasury

– U.S. state and local governments

Exclude

• U.S. Government Agencies

• Federally Sponsored Enterprises

• U.S. Government Corporations

MEMORANDUM ROWSU.S. Agencies Row (8146-9) Report the total of all debt, including mortgage-

backed securities, issued by, or guaranteed by– U.S. Government Agencies– Federally Sponsored Enterprises– U.S. Government Corporations

Exclude– Privately-issued mortgage-backed securities that are guaranteed

by the U.S. government or federally sponsored enterprises, even if underlying collateral is government guaranteed

MEMORANDUM ROWS

Other Short-term Negotiable Securities Row (8150-3) Report short-term negotiable securities issued by

U.S. institutions other than:– U.S. Banks

– Federal Government

– State and Local Governments

– U.S. Government Agencies

MEMORANDUM ROWS

Loans to Others Row (8155-8) Report all loans from foreigners to U.S. residents other than to

U.S. Banks and U.S. Governments and Agencies

Include

– Funds received from repurchase agreements and similar financing agreements

– Loans to U.S. residents from foreigners that are serviced by the reporter

– Loans to non-bank U.S. residents from managed offices of the reporter

TIC QUARTERLY REPORT OF

CLAIMS

TIC BQ-1

REPORT OF CUSTOMERS’ U.S. DOLLAR CLAIMS ON

FOREIGNERS

WHAT TO REPORT

U.S. dollar-denominated claims of U.S. residents on foreigners: – Custody items

– Claims on managed foreign offices

– Funds placed overseas

– Brokerage balances

REPORTABLE CUSTOMER CLAIMS

Custody Items Claims on foreign residents that a reporter holds

in custody for the account of U.S. residents– Short-term negotiable and non-negotiable debt

securities issued by a foreigner

– Securities that have been temporarily “transferred out” under repurchase or similar agreements

– Negotiable CDs of any maturity issued by a foreigner and held by the reporter for U.S. residents

Situation 2

A U.S. resident has a claim on a foreign resident in the form of a short-term security or a certificate of deposit (of any maturity)

FLOWCHART 2a - U.S.-resident custodian is used

U.S. person/investor U.S.-resident custodian

Report on the BQ-1 (if U.S. dollar-denominated) or on the BQ-2, Part 1 (if foreign currency-denominated).

FLOWCHART 2b - No U.S. resident custodian is used

U.S. person/investor Foreign custodian, debtor, or issuer

Report on the BC (if U.S. dollar-denominated) or on the BQ-2, Part 1 (if foreign currency-denominated) or on the TIC CQ-1 (if not a TIC B report filer).

FLOWCHART 2c - U.S.-resident custodian and a U.S resident subcustodian is used

U.S. person/investor Foreign issuer or foreign custodian

U.S. institution A that maintains a custodial relationship with U.S. resident custodian B

U.S.-resident institution B that maintains custodian A’s custody account

Does not reportReport on the BQ-1 (if U.S. dollar-denominated) or on the BQ-2, Part 1 (if foreign currency-denominated) Note: The custodian closest to the U.S.-

resident claimant reports. The U.S. issuer does not report.


Claims on Managed Offices Claims of non-bank U.S. residents on managed

offices of the reporter

Situation 4

A U.S. resident has a claim on a foreign office which is managed by the U.S. office of a depository institution

FLOWCHART 4a - Claims of a U.S. resident other than a BHC/FHC, depository institution, or securities broker or dealer

U.S. resident (other than BHC/FHC, depository institution, broker or dealer)

Foreign (e.g., Nassau) office of Bank A

U.S. office of Bank A

Report the claims on the TIC BQ-1 (if U.S. dollar-denominated) or on the BQ-2, Part 1 (if foreign currency-denominated) as “Other Customers’ Claims.”

Claims in the form of deposits or loans

Managed by:

FLOWCHART 4b - Claims of a U.S. resident BHC/FHC, depository institution, or securities broker or dealer

U.S. resident BHC/FHC, depository institution, broker or dealer


U.S. office of Bank A

Report the claim on the BC (if U.S. dollar-denominated) or on the BQ-2, Part 1 (if foreign currency-denominated)

Claims in the form of deposits or loans

Managed by:

Does not report


Funds Placed Overseas Claims of U.S. residents on foreign offices of the

reporter resulting from the reporter transferring funds from the accounts of U.S. residents from the reporters’ books to the books of foreign offices under pre-arranged “sweep” agreements

Situation 5

The assets of a U.S. resident are “swept” into an overseas account or asset.

FLOWCHART 5 - Funds “swept” Overseas

U.S. person/investor


U.S. resident’s account at a foreign office or institution or other asset

U.S. office reports as a custody claim on the BQ-1 (if dollar denominated) or on the BQ-2, Part 1 (if foreign currency denominated).

Transfers funds in account at U.S. office to a foreign account under prearranged sweep agreement


Brokerage Balances Brokerage balances of U.S. residents placed abroad

through the reporter

SPECIFIC EXCLUSIONS

Long-term securities Assets held in custody for customers, which have

been temporarily received in as collateral under resale agreements or similar financing agreements

Foreign currency-denominated claims Administrative agents for syndicated loans should

exclude loans to foreign borrowers by U.S. creditors A reporter’s own claims


Non-negotiable Foreign Deposits (Column 1) Deposits of non-bank U.S. residents that are held at

managed foreign offices of the reporter Claims of U.S. residents on foreign offices of the

reporter resulting from the reporter transferring funds from the accounts of U.S. residents from the

reporter’s books to the books of foreign offices as a deposit under pre-arranged “sweep” agreements

Brokerage balances of U.S. residents placed abroad


Negotiable CDs (Column 2) U.S. residents’ holdings of negotiable CDs issued

by foreign banks


All Short-term Negotiable Securities (Column 3) U.S. residents holdings of short-term negotiable

securities issued by foreigners


Other Claims (Column 4) U.S. residents’ holdings of non-negotiable

securities issued by foreigners Claims in the form of borrowings by non-U.S.

residents on managed offices of the reporter


Other Claims (Column 4) Claims of U.S. residents on foreign offices of the

reporter resulting from the reporter transferring funds from the accounts of U.S. residents from the reporter’s books to the books of the foreign offices in the form of a borrowing under pre-arranged “sweep” agreements

MEMORANDUM ITEMS“OF WHICH” ROWS

Commercial Paper Memorandum (Row 8161-2) Report the amount issued by foreigners and held

for the account of U.S. residents that is included in the Grand Total (Row 9999-6)

Claims of U.S. Banks Memorandum (Row 8163-9) Report the amounts for which U.S. depository

institutions are the customer of the reporter


FOREIGN CURRENCY

CLAIMS AND LIABILITES

TIC BQ-2

PART 1 - REPORT OF FOREIGN CURRENCY LIABILITIES AND CLAIMS OF DEPOSITORY INSTITUTIONS, BANK HOLDING COMPANIES/FINANCIAL HOLDING COMPANIES, BROKERS AND DEALERS, AND OF THEIR DOMESTIC CUSTOMERS VIS-A-VIS FOREIGNERS

CURRENCY CONVERSION

All figures should be converted to U.S. dollars using the spot exchange rate on the as of date of the report


Reportable Own Liabilities (Columns 1 & 2)

Non-negotiable foreign deposits (Column 1) CDs Time Demand Savings (of any maturity) Brokerage balances


Other Liabilities (Column 2) Overdrawn deposits accounts Loans (any maturity) Short-term non-negotiable securities (an original

maturity of one year or less) Repurchase agreements and similar financing

agreements


Other Liabilities (Column 2) Exclude

– Loans from a foreigner that are serviced by a U.S. resident

– Security lending agreements

– Spot foreign exchange contracts

– Derivatives


Reporters Own Claims (Columns 3 & 4)

Non-negotiable foreign deposits (Column 3) All deposit balances due from foreign banks Brokerage balances due from foreign security

brokers and dealers and foreign banks


Reporters Own Claims (Columns 3 & 4)

Other Claims (Column 4) Negotiable CDs and all short-term securities Customer’s overdrawn accounts Loans and loan participations of any maturity Resale agreements and similar financing agreements Money market instruments


Customers’ Claims (Columns 5 & 6)

Non-negotiable Foreign Deposits (Column 5) Deposits of non-bank U.S. residents that are held at

managed foreign offices of the reporter Claims of U.S. residents on foreign offices of the

reporter resulting from the reporter transferring funds from the accounts of U.S. residents from the reporter’s books to the books of foreign offices as a deposit under pre-arranged “sweep” agreements


Other Customers’ Claims (Column 6) U.S. residents’ holdings of all other reportable

claims – Non-negotiable securities of foreigners

– Non-deposit claims of non-bank U.S. residents on managed offices of the reporter


Other Customers’ Claims (Column 6) Claims of U.S. residents on foreign offices of the

reporter resulting from the reporter transferring funds from the accounts of U.S. residents from the reporter’s books to the books of foreign offices in the form of a borrowing under pre-arranged “sweep” agreements


Total IBF Liabilities/Assets Memorandum Row

(Row 8300-3) Report the amounts included in the Grand Total

Row (Row 9999-6) which represent the liabilities (columns 1 & 2) or claims (columns 3 & 4) of the reporter’s International Banking Facilities (IBFs) to foreigners


Foreign Currency Detail Report Memorandum

Rows (8500-1 to 8500-4) Report the amounts that are denominated in:

– Canadian Dollars

– Euros

– Sterling

– Japanese Yen


Negotiable CDs Memorandum Row (8110-8) Report in columns 4 & 6, the total amount included in

the Grand Total row (9999-6) which represents negotiable CDs issued by foreigners


Short-term Negotiable Securities Memorandum

Row (8120-5) Report in columns 4 & 6, all short-term

negotiable securities issued by foreigners


Repurchase/Resale Agreements Memorandum

Row (8400-7) Report in column 2 of this row funds borrowed

from foreigners under repurchase agreements and similar financing arrangements

Report in column 4 of this row, funds loaned to foreigners under resale agreements

and similar financing arrangements

TIC BQ-2

PART 2 - REPORT OF CUSTOMERS’ FOREIGN

CURRENCY LIABILITIES TO FOREIGNERS

REPORTABLE CUSTOMER’S LIABILITIES

Foreign-currency denominated liabilities of U.S. residents

to foreigners including– Custody Items

– Liabilities to Managed Foreign Offices

– Loans Placed Overseas

– Short-term negotiable securities


Negotiable CDs (Column 1) Report foreign residents’ holdings of negotiable

CDs

All Short-term Negotiable Securities (Column 2) Foreign-resident holdings of negotiable securities

Other Liabilities (Column 3)


Other Liabilities (Column 3) Report foreign residents’ holding of all liabilities

other than negotiable CDs, and negotiable securities

Loans to U.S. residents that are serviced by the reporter

Loans to non-bank U.S. residents from managed foreign offices of the reporter

Holdings of non-negotiable securities


MATURITIES OF SELECTED LIABILITIES

new

TIC BQ-3

REPORT OF MATURITIES OF SELECTED LIABILITIES OF

DEPOSITORY INSTITUTIONS, BANK HOLDING COMPANIES/FINANCIAL

HOLDING COMPANIES BROKERS AND DEALERS TO FOREIGNERS

WHAT TO REPORT

Remaining Maturity– Remaining maturity is the amount of time remaining

from the report date until the final contractual maturity date or the next call date

Treatment of Foreign Currency Denominated Liabilities– Convert to U.S. dollars equivalent using the spot exchange

rate on the as of date

FORM BQ-3MATURITIES OF SELECTED

LIABILITIES

ROW DEFINITIONS

Demand Deposits (Row 8010-1)– Amount of non-interest bearing liabilities that are payable

on demand

Arrears (Row 8020-9)– Amount of liabilities to foreigners that are past due. A

liability is past due when principal or interest due is unpaid for 30 days or more

ROW DEFINITIONS

Non-Interest Paying Items Without a Fixed Maturity Including Repos Under Continuing Contract (Row 8030-6)– Non-interest bearing liabilities to foreigners that have no

stated maturity or that rollover under continuing contract, excluding demand deposits.

ROW DEFINITIONS

Other Items Without a Fixed Maturity Including Repos Under a Continuing Contract (Row 8040-3)– Interest-bearing liabilities to foreigners that have no

stated maturity or roll-over under continuing contract

ROW DEFINITIONS

Time Remaining to Maturity:

90 Days or Less (Row 8051-9)

Over 90 to 180 Days (Row 8052-7)

Over 180 to 270 Days (Row 8053-5)

Over 270 to 1 year (Row 8054-3)

Over 1 year to 2 years (Row 8055-1)

Over 2 years (Row 8057-8)

TIC SEMIANNUAL

REPORTS

TIC BC (SA), BL-1(SA) and BL-2 (SA)

PURPOSE

To capture data in countries not listed separately on the monthly report forms– Data are reported in millions of dollars, on a gross basis

– Data reported should be the balances outstanding at the “close of business “ of the last business day of June or December

– Due no later than the 30th calendar day of the following month

– Each “Region Total” reported on the semiannual report form must equal the corresponding “Other” category on the monthly report

REPORTING CRITERIA

Claims on or liabilities to counterparties residing in the following regions – Other Europe

– Other Latin America

– Other Caribbean

– Other Asia

– Other Africa

– All Other

Question & Answers

TIC B WORKSHOP & ANSWERS

WORKSHOP

You are the manager of Bank Lundy, NY Branch. As such, you are responsible for the filing of the TIC Banking reports. The Head Office for Bank Lundy, NY Branch, is located in Paris, France.

The NY Branch acts as custodian for assets of its customers and is the U.S. sub-custodian for the Head Office. In addition, the Branch uses Reliable Bank, NY, as a custodian. Bank Lundy, NY Branch, is a participant of the Depository Trust and Clearing Company (DTCC).

The balances are outstanding as of the last business day of June and are short-term unless otherwise specified. The amounts are in millions of U.S. dollars. Please indicate which report(s), what column(s) and opposite which country(s) or International and Regional Organization(s) the following balances should be reported.

BC WORKSHOP

1. Bank Lundy, NY Branch, entered into a resale agreement with Trusty Securities, Germany, whereby the Branch received $150M 5-year U.S. Treasury notes as collateral against payment of $144M.

Bank Lundy, NY Branch, should file:

Report Country Code/ CountryName

Column Amount To BeReported

BC 1100-2 - Germany 5 & 6 $144MBC “Of Which” Items

1100-2 - Germany 9 $144M

(The amount lent, not the value of the collateral is reported)

BC WORKSHOP

2. Bank Lundy, NY Branch, granted a loan to the Ministry of Finance of Canada in the amount of $95M and its Paris head office, for $45M.

Bank Lundy, NY Branch, should file:Report Country Code/ Country

NameColumn Amount To Be

ReportedBC 2999-8 - Canada 3 & 6 $95M

BC 1080-4 - France 3 & 6 $45MBC “ Of Which” Items

2999-8 - Canada1080-4 - France

78

$95M$45M

BC WORKSHOP

3. Bank Lundy, NY Branch, placed funds in their own brokerage accounts held at a security broker in Paris ($100m) and a bank in Costa Rica ($65M), to support futures positions.




BC 1080-4 - France 5 & 6 $100MBC 3910-1 - Other Latin America 1 & 6 $65M

BC (SA) 3058-9 - Costa Rica 1 & 6 $65M

BL-1 WORKSHOP

1. A Bank in Germany opened a $55M non-interest bearing deposit with Bank Lundy, NY Branch.




BL-1 1100-2 - Germany 3 & 7 $55MBL-1 “Of Which” Items

8130-2 - Total Non-InterestBearing Liabilities 3 & 7 $55M

BL-1 WORKSHOP

2. A bank in Germany placed $75M in an overnight deposit with your IBF.




BL-1 1100-2 - Germany 4 & 7 $75MBL-1 “Of Which” Items

8300-3 - Total IBF Liabilities 4 & 7 $75M

BL-1 WORKSHOP

3. Bank Lundy, NY Branch issued $100M of non-negotiable CDs of which:– $50M was issued to the Bank for International Settlements (BIS), Switzerland,– $35M to Shima Bank, Japan, and – $15M to Resorts Inn, Guam;




BL-1 1800-7 - Other Europe 1 & 7 $50MBL1 (SA) 1330-7 - BIS 1 & 7 $50M

BL-1 4260-9 - Japan 3 & 7 $35M

The $15M is not reportable. (Guam is a territory of the United States)

BL-1 WORKSHOP

6. Bank Lundy, NY Branch borrowed $75M from Reliable Bank, Switzerland. The loan is serviced by Reliable Bank, New York.


Not reportable by Bank Lundy, NY Branch, Reliable Bank, NY acting as loanservicer for a loan to a U.S. resident should report the U.S. resident’s loan liabilityto foreigners on the BL-2 (if dollar denominated) or BQ-2 (Part 2) (if foreigncurrency denominated).

BL-2 WORKSHOP

1. A bank located in Germany purchased $60M U.S. Treasury Bills for which Bank Lundy, NY Branch acts as custodian. The bank, in turn, entrusted the assets to Reliable Bank NY.

This is not reportable by Bank Lundy, NY Branch. However, Reliant Bank does

need to file. Reliant Bank should file:



BL-2 1100-2 - Germany 4 & 10 $60MBL-2 Memorandum Items

8144-2 - Total General Gov’t Total $60M

The U.S. custodian closest to the claimant reports.

BL-2 WORKSHOP

2. A bank located in Germany purchased $70M negotiable CDs issued by Guarantee Bank, Dallas, held by Bank Lundy, NY Branch, as custodian.

Bank Lundy, NY Branch, should file:Report Country Code/ CountryName


BL-2 1100-2 - Germany 5 & 10 $70MBL-2 “Of Which” Item

1100-2 - Germany 11 $70 MBL-2 Memorandum Items

8102-7 - Total Bank Debt Total $70M

Note: Negotiable CDs issued by banks are not included in the Short-Term NegotiableSecurities Issued by Bank (8142-6) memorandum row.

BL-2 WORKSHOP

4. Bank Lundy, NY Branch manages the safekeeping of $80M FNMA discount notes for Volkswagen, Germany, which have entrusted to Reliable Bank, NY, for Bank Lundy, NY Branch’s own account.





8146-9 - U.S. Agencies Total $80M

BL-2 WORKSHOP

9. Bank Lundy, NY Branch acts as administrative agent for a syndicated $500M loan of Volkswagen, Germany to Volkswagen, New York. $100M of the loan was drawn down.





8155-8 - Loans to Others Total $100M

(Only report the portion of the loan that is drawn down.)

BL-2 WORKSHOP

11. Bank Lundy, Paris (Head Office) holds an $80M loan for ABC Trucking, San Diego. Bank Lundy, NY Branch acts as administrative agent for the loan.




BL-2 1080-4 - France 6 & 10 $80MBL-2 Memorandum Items

8155-8 - Loans to Others Total $80M

BQ-1 WORKSHOP

1. Bank Lundy, NY Branch purchased a $72M negotiable CD issued by Reliable Bank, Cayman Islands, which you have entrusted to Reliable Bank, NY for safekeeping.




BQ-1 3613-7 - Cayman Islands 2 & 5 $72MBQ-1 8163-9 - Claims of U.S.

Banks 2 & 5 $72M

BQ-1 WORKSHOP

2. Bank Lundy, NY Branch manages the safekeeping of $25M, 2-year participation in a loan to a chocolate factory in Belgium, for Walt Disney & Co. California.




BQ-1 1025-1 - Belgium 4 & 5 $25M

Loan participation certificates regardless of maturity are reportable.

BQ-1 WORKSHOP

5. Bank Lundy, NY Branch transferred $150M on its books from the account of JP Morgan Chase, New York, into a loan account in the form of a borrowing at Bank Lundy, Hong Kong under a pre-arranged “sweep” agreement.




BQ-1 4200-5 - Hong Kong 4 & 5 $150MBQ-1 “Of Which” Items

8163-9 - Claims of US Banks 4 & 5 $150M

BQ-1 WORKSHOP

6. Bank Lundy, NY Branch manages the safekeeping of $350M U.S. dollar-denominated commercial paper issued by Danish Bakery of Denmark, held at DTCC for ABC Company of Florida.




BQ-1 1050-2 - Denmark 3 & 5 $350MBQ-1 “Of Which” Items

8161-2 - Commercial Paper 3 $350M

The branch is a participant of DTCC. DTCC does not know the customers of itsparticipants.

BQ-2 WORKSHOP

1. Bank Lundy, NY Branch purchased $15M equivalent of yen-denominated Japanese Treasury bills held at Bank Lundy, Hong Kong.

Bank Lundy, NY Branch, should file:Report Country Code/ Country


ReportedBQ-2 4260-9 - Japan 4 & 7 $15MBQ-2 “Of Which” Items

8500-4 - Denominated inYen

8120-5 - Short-termnegotiable security

4

4

$15M

$15M

The claim is reportable opposite the direct obligor, not opposite the location ofthe custodian.

BQ-2 WORKSHOP

2. Bank Lundy, NY Branch manages the safekeeping of $20M equivalent Sterling-denominated, 6-month notes issued by Volkswagen USA and guaranteed by Volkswagen, Germany, for San Juan Hotel, Puerto Rico.


Not reportable. Domestic-to-domestic. Neither the country of currency nor thecountry of the guarantor has any bearing on its reportability. The country ofobligor is the determining factor.

BQ-2 WORKSHOP

4. Bank Lundy, NY Branch manages the safekeeping of $75M Euro equivalent collection items payable by U.S. car importers for Volkswagen, Germany.




BQ-2,Part 2 9980-5 - Total for All

Foreign Countries & Int’l.& Regional Orgs. 3 & 4 $75M

BQ-2 WORKSHOP

5. Bank Lundy, NY Branch executed a $50M Sterling equivalent acceptance payable to Rolls Royce, Canada, payable by U.S. importers.




BQ-2,Part 2 9980-5 - Total for All

Foreign Countries & Int’l.& Regional Orgs. 3 & 4 $50M

BQ-3 WORKSHOP

1. Bank Lundy, NY Branch issued $300m of negotiable CDs’ which $150m was issued to the Bank of Niagara, Canada.


All negotiable securities and negotiable certificates of deposit are excluded fromthe BQ-3. This transaction should be reported on the BL-2 (if dollar-denominated) or BQ-2 (if foreign currency-denominated). U.S. held foreignnegotiable certificates of deposits should be reported on the BC or BQ-1 (if dollar-denominated), or the BQ-2 (if foreign currency-denominated).

BQ-3 WORKSHOP

2. Bank Lundy, NY Branch entered into a repurchase agreement with the Central Bank of Bahamas, where the branch sold U.S. Treasury Notes to the National Bank of Bahamas against payment of $200m with the intentions of repurchasing the Treasury Notes (which mature in one year) on September 30.




BQ-3 8054-3 Over 270 Days to 1 Year 2 & 4 $200M

BL-1 3531-9 Bahamas 2 ,7 & 9 $200MBL-1 “Of Which” Items

8400-7 - RepurchaseAgreements 2 & 7 $200M

BQ-3 WORKSHOP

3. Canadian Inc, Canada opened a 2-year, $90M time deposit account denominated in Japanese Yen at Bank Lundy, NY Branch.

Bank Lundy, NY Branch, should file: Report Country Code/ Country


ReportedBQ-3 8055-1

Over 1 Year to 2 Years 1 & 4 $90MBQ-2 2999-8 Canada 1 & 7 $90MBQ-2 “Of Which” Items

8500-4 - Denominated inYen 1 $90M

THE END

welcome to the treasury international capital (tic) reports seminar november 13, 2002

Documents

date t

origins t

changes t

reports t foreign holdings

reporting burden t

reporting instructions

treasury securities

report series t tic