Form FFIEC 030, FFIEC 0 FFIEC 030, FFIEC 0 Foreign Branch Report of Condition

http://www.ffiec.gov/forms030.htm

INSTRUCTIONS FOR THE PREPARATION OF THE

Foreign Branch Report of Condition

FFIEC 030 and FFIEC 030S

General Instructions

Who Must Report

Every insured commercial bank with one or more branch

offices in a foreign country is required to prepare a Foreign

Branch Report of Condition (FFIEC 030) or an Abbreviated

Foreign Branch Report of Condition (FFIEC 030S)

for each foreign office (except for exempt offices) in

accordance with the following instructions.

To the extent applicable, these instructions correspond to

the Instructions to the Consolidated Report of Condition

(FFIEC 031) and supporting schedules. In view of this, the

respondent should refer to the FFIEC 031 instructions if

further clarification is needed in preparing the FFIEC 030.

The terms ‘‘foreign branch’’ and ‘‘foreign country’’ are

defined in Title 12, Part 211.2 (Federal Reserve Regulation

K). The term ‘‘foreign branch’’ includes branches

located in any territory, dependency or insular possession

of the United States, the Commonwealth of Puerto Rico,

or in any foreign country, with one exception. For purposes

of this report, military banking facilities are not

considered to be foreign branches and should not be

reported individually or in consolidated figures.

Quarterly Reporting Requirement for Significant

Branches—Detailed report (FFIEC 030)

A branch with either total assets of at least $2 billion

(item 11) or commitments to purchase foreign currencies

and U.S. dollar exchange (a purchase of U.S. dollar

exchange is equivalent to a sale of foreign currency) of at

least $5 billion (item 20) as of the end of a calendar

quarter, is considered a ‘‘significant branch’’ and is required

to report quarterly on the FFIEC 030. Such

branches must not be consolidated with any other

branches in any quarter, including the December 31st

report.

Quarterly reporting should commence on the quarter end

in which the branch meets the significance threshold. A

significant branch that diminishes in size and no longer

meets the threshold ceases to be a significant branch and

should stop reporting quarterly commencing on the quarter

end in which the office drops below the threshold.

The bank regulatory authorities may specifically require

the report to be filed quarterly by foreign branches that

the authorities deem to have significant risk exposures.

Annual Filers—Detailed Report (FFIEC 030)

A foreign branch that does not meet either of the criteria

to file quarterly, but has total assets in excess of $250

million, must file the entire FFIEC 030 report on an

annual basis as of December 31st of each year.

Annual Filers—Abbreviated Report (FFIEC 030S)

A foreign branch that does not meet the criteria to file the

detailed report, but has total assets of $50 million or

more (but less than or equal to $250 million), must file

the Abbreviated Foreign Branch Report of Condition

(FFIEC 030S) on an annual basis, as of December 31st

of each year.

Exempt Filers

A foreign branch with total assets of less than $50

million is exempt from both the FFIEC 030 and FFIEC

030S filing requirements.

Submission of the Reports

The Federal Reserve acts as the collecting and processing

agent on behalf of the federal bank supervisory

agencies.

The reports must be submitted on the report forms provided

by the Federal Reserve System. No caption on the

report forms shall be changed in any way. No item is to

Instructions for Preparation of Reporting Form FFIEC 030 and FFIEC 030S 1

December 2006