Form TIC-SHC SHC Sched 1, Sched 2, sched 3

OMB Control Number: 1505-0146
Approval Expires: 12/31/2019

QUINQUENNIAL REPORT TO THE FEDERAL RESERVE BANK OF NEW YORK

REPORT OF U.S. OWNERSHIP OF FOREIGN SECURITIES,
INCLUDING SELECTED MONEY MARKET
INSTRUMENTS (SHC)
As of the last day of December

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

Department of the Treasury
Federal Reserve Bank of New York
Board of Governors of the Federal Reserve System
August 2016

TABLE OF CONTENTS
Page
1-3

I. INTRODUCTION
A.
B.
C.
D.
E.

Purpose
Authority
Confidentiality of Data Reported
Penalties for Failure to Report
Paperwork Reduction Act Notice

1
2
2
2
3

II. GENERAL INSTRUCTIONS
A.
B.
C.
D.
E.

4-8

Who Must Report
Which Schedules to Report
Exemptions
Reporting Dates
Submission Instructions and Contact Information

III. WHAT SECURITIES MUST BE REPORTED
A.
B.
C.
D.
E.
F.
G.
H.
I.
J.
K.
L.
M.

9-21

Reportable Foreign Securities
Do Not Report
Funds and Related Equity Holdings
Securities Involved in Repurchase and Securities Lending Arrangements
Depositary Receipts/Shares
Stripped Securities
Direct Investment
Securities Held by Central Securities Depositories
Country Attribution
Limited Partnerships
Accounting Rules, Valuation of Securities, and Calculation of U.S. Dollar Values
Data Retention Period
Review of Data and Requests for Revised Data

IV. INSTRUCTIONS FOR COMPLETING REPORTING SCHEDULES
A. Schedule 1 - Reporter Contact Identification and Summary of Financial Information
B. Schedule 2 - Details of Securities
C. Schedule 3 - Custodians Used
APPENDICES
A.
B.
C.
D.
E.
F.
G.
H.

4
5
6
6
6

9
12
13
16
17
17
18
18
19
19
20
21
21

22-32
22
26
31
33-47

Sample Reporting Schedules
Reporting Requirement Flowcharts
List of Country Codes
List of International and Regional Organizations
List of Currency Codes
List of Custodian Codes
Glossary
Technical Information for Electronic Submission

i

33
34
40
41
42
44
46
47

I. 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
quinquennial survey of the ownership of foreign securities, including selected money market
instruments, by U.S. residents as of December 31, 2016. 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 and the U.S. international
investment position, and in the formulation of international economic and financial policies. This
report also is part of the Coordinated Portfolio Investment Survey (CPIS), an internationally
coordinated effort under the auspices of the IMF, to improve the statistics on the holdings of foreign
securities by major investing countries.

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 U.S.
Ownership of Foreign Securities, Including Selected Money Market Instruments (Form SHC) of all
significant U.S.-resident custodians and end-investors will continue to be held approximately every
five years. In non-benchmark years, the Annual Report of U.S. Ownership of Foreign Securities,
Including Selected Money Market Instruments (Form SHCA) will require reports from only the very
largest U.S.-resident custodians and end-investors. The data reported under the annual surveys (Form
SHCA) will be used in conjunction with the results of the previous benchmark survey to compute
economy-wide estimates for the non-benchmark years. The next full Benchmark survey will be as of
December 31, 2016.

The determination of who must report on the benchmark survey reports (Form SHC) will be based
upon the data submitted during the previous Benchmark survey and Aggregate Holdings of LongTerm Securities by U.S. and Foreign Residents (TIC SLT) report as of December of the preceding
year. Designated U.S.-resident custodians and end-investors (including fund managers) will be
required to file detailed foreign security data on Schedule 2 and data on foreign securities entrusted
to U.S.-resident custodians on Schedule 3, i.e., they will be required to file in the same manner as
they did on the previous Benchmark survey.

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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 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.

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 foreign
securities can be identified.

D. PENALTIES FOR FAILURE TO REPORT

Reporting as directed in this package is mandatory for any U.S. person or organization subject to the
reporting requirements set forth in the report instructions. Failure by an organization 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)).

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)).

2

E. PAPERWORK REDUCTION ACT NOTICE

This report 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 1505-0146. The
purpose is to collect accurate and complete data that will enable the Treasury Department to fulfill its
responsibility under the Act.

The estimated annual average preparation time per respondent (over

five years) is about 174 hours, but this will vary widely from respondent to respondent. (a) In the
year of a benchmark survey (using Form SHC), it is estimated that exempt SHC reporters will require
an average of 17 hours; custodians of securities providing security-by-security information will
require an average of 361 hours, but this figure will vary widely for individual custodians; endinvestors providing security-by-security information will require an average of 121 hours; and endinvestors and custodians employing U.S. custodians will require an average of 41 hours. (b) In a nonbenchmark year (using Form SHCA), custodians of securities providing security-by-security
information will require an average of 546 hours (because only the largest U.S.-resident custodians
will report), end-investors providing security-by-security information will require an average of 146
hours; and SHCA reporters entrusting their foreign securities to U.S. custodians will require an
average of 49 hours. Comments concerning the accuracy of this burden estimate and suggestions for
reducing the burden should be directed to:

Administrator, International Portfolio Investment Data Systems
U.S. Department of the Treasury
1500 Pennsylvania Avenue NW, Room 4410-1440NYA
Washington, DC 20220, or

The Office of Management and Budget
Paperwork Reduction Project (1505-0146)
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 custodians and end-investors with holdings of foreign portfolio securities
above the reporting thresholds must report. (See Section II.C, Exemptions.) In addition, all
U.S.-resident custodians and end-investors that are notified by the Federal Reserve Bank of
New York that they are required to file must report.
1) Custodians are all organizations that hold securities in safekeeping for other organizations. Most
U.S.-resident custodians also invest in foreign securities for their own account, i.e., are also U.S.resident end-investors for purposes of this report. U.S.-resident custodians should report both the
foreign portfolio securities held in safekeeping for other U.S. residents and their own foreign portfolio
securities.

2) End-Investors are U.S.-resident organizations that invest in foreign securities for their own
portfolios or invest on behalf of others, such as investment managers/fund sponsors. This includes
securities that are held-for-trading, available-for-sale, or held-to-maturity.

Collectively, such

investors are referred to as “end-investors” throughout these instructions. U.S.-resident end-investors
include, but are not limited to:
•

Financial and non-financial organizations (includes Intermediate Holding Companies (IHC))

•

Managers of private and public pension funds

•

Managers/sponsors of funds (including money market mutual funds), country funds, unitinvestment funds, exchange-traded funds, collective-investment trusts, hedge funds or any
other similarly pooled, commingled funds.

Also managers/sponsors of private equity

companies, venture capital companies, hedge funds and other private investment vehicles
•

Insurance companies

•

Foundations

•

Institutions of higher learning (e.g., university endowments)

•

Trusts and estates

•

Funds and similar entities that own shares or units of, or other portfolio equity interests in, a
foreign related or non-related entity.

4

Reports should include all reportable securities held or managed by all U.S.-resident parts of the
organization, including all U.S.-resident branches, offices, and subsidiaries. U.S. residents include
organizations organized under the laws of the Commonwealth of Puerto Rico or of U.S. territories
and possessions. Please see Appendix H – Glossary for the complete definition of United States. It is
the responsibility of the top U.S.-resident parent entity in each organization to ensure that its report
covers all applicable entities within the organization.

If any of the following conditions apply, please contact the FRBNY staff:
•

Your organization is not the top U.S.-resident parent entity in your organization and has been
notified of its obligation to report by, the Federal Reserve Bank of New York.

•

Your organization cannot submit a single report for the entire organization.

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#shc

B. WHICH SCHEDULES TO REPORT
•

Schedule 1:
Schedule 1 must be filed by all entities that 1) receive a copy of the SHC forms and instructions
from the Federal Reserve Bank of New York, or 2) are notified by the Federal Reserve Bank of
New York that they are required to file the SHC report. Schedule 1 requests information that
identifies the reporter. It also provides contact information, indicates the reporting status, and
summarizes the data, if any, reported on Schedule 2 and/or Schedule 3.

•

Schedule 2:
Schedule 2 is used to report detailed information on foreign securities owned by U.S.-resident
investors (1) that the reporter safe-keeps for itself or for its U.S.-resident clients or (2) for which
the reporter directly employs foreign-resident sub-custodians or U.S.-resident or foreign-resident
central securities depositories (CSDs) to manage the safekeeping of those securities (Foreign
securities in safekeeping with U.S.-resident CSDs are reportable on Schedule 2.) (See Section
III.H.). or (3) that are instruments of the type that there is no U.S. custodian to manage the
safekeeping of those securities.

5

•

Schedule 3:
Schedule 3 is used to report summary amounts for all foreign securities entrusted to the
safekeeping of a U.S.-resident custodian, excluding those entrusted to a U.S. - resident CSD. (See
Section III.H.).

C. EXEMPTIONS
•

Schedule 1
If you have been notified of a reporting responsibility by the Federal Reserve Bank of New York,
there is NO exemption level for Schedule 1. You must complete the reporter identification, the
contact and certifying information parts of Schedule 1. However, items requesting aggregate data
on foreign securities on Schedule 1 should be left blank if you are not required to report data on
Schedule 2 or Schedule 3.

•

Schedule 2
SHC reporters are exempt from reporting on Schedule 2 if the total fair value of foreign
securities whose safekeeping they manage for themselves and for other U.S. residents or whose
safekeeping the reporter has entrusted directly to foreign-resident custodians or U.S or foreignresident central securities depositories is less than US$ 200 million (aggregated over all
accounts) as of December 31.

•

Schedule 3
SHC reporters are exempt from reporting on a Schedule 3 holdings that are entrusted to an
unaffiliated U.S.-resident custodian that is not a U.S.-resident CSD, if the total fair value of the
foreign securities entrusted to that U.S.-resident custodian by the U.S. parts of the reporter’s
organization and its U.S.-resident clients whom the reporter represents as end-investor –
aggregated over all accounts - is less than US$ 200 million as of December 31.

D. REPORTING DATES

Report data as of the last business day of December. Data should be submitted to the Federal Reserve
Bank of New York no later than the first Friday of March.

6

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

•

For more information on how to submit data using the Reporting Central system, log on to
http://www.frbservices.org/centralbank/reportingcentral/index.html, contact the SHC staff at
212-720-6300 or at SHC.Help@ny.frb.org. An application to register for Reporting Central
can be obtained at:
http://www.frbservices.org/centralbank/reportingcentral/application_setup.html

Alternative Methods of Reporting:
•

If your organization is submitting less than 100 Schedule 2 records, these records may be
submitted using the Reporting Central system 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. All appropriate Schedules must be submitted in the same package.

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.

7

Reports can be mailed or sent by courier to:
Federal Reserve Bank of New York
Statistics Function, 4th Floor
33 Liberty Street
New York, NY 10045-0001
FRBNY staff can be reached at:
Phone: 212-720-6300 or 646-720-6300
Email: SHC.Help@ny.frb.org
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#shc

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III. WHAT SECURITIES MUST BE REPORTED

This report collects information on U.S. resident holdings of foreign portfolio securities, including
foreign equities, short-term debt securities (including selected money market instruments), and longterm debt securities. Asset-backed securities are to be reported separately from other debt securities.
Foreign securities are all securities issued by entities that are established under the laws of a foreign
country (i.e., any entity that is legally incorporated, otherwise legally organized or licensed (such as
branches) , in a foreign country) and all securities issued by international or regional organizations,
such as the International Bank for Reconstruction and Development (IBRD or World Bank), and the
Inter-American Development Bank (IADB), even if these organizations are physically located in the
United States.

Reportable securities may be traded or issued in the United States and in foreign countries, and
may be denominated in any currency, including euros and U.S. dollars. 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.

As an exception, foreign securities held by a U.S. depository to back depositary receipts/shares should
not be reported. Instead, the U.S.-resident holders of the depositary receipts/shares should report the
receipts/shares. This exception is necessary to identify the portion of depositary receipts/shares
actually held by U.S. residents, because many depositary receipts/shares are held by foreign residents.

A. REPORTABLE FOREIGN SECURITIES

Reportable securities include:
•

Securities issued by international and regional organizations, such as the International Bank for
Reconstruction and Development (IBRD or World Bank) or the Inter-American Development
Bank (IDB) whether physically located in the United States or abroad.

•

Securities issued in the United States by foreign-resident organizations (e.g., Canadian or
Mexican firms), even if they are denominated in U.S. dollars and trade on U.S. securities
exchanges.

•

Securities issued by foreign-resident subsidiaries of U.S.-resident organizations (e.g., GMAC
Canada) and foreign-resident offices of U.S. banks or U.S. broker/dealers, even if they are
guaranteed by the U.S. parent company, or issued in the United States.

9

•

Depositary receipts/shares, including American Depositary Receipts (ADRs), American
Depositary Shares (ADS), Global Depositary Receipts (GDRs), and International Depositary
Receipts (IDRs), if the underlying securities are issued by foreign residents - (See Section III.E.).

•

Securities issued by foreign-resident entities under Section 144A of the SEC Act.

•

Money market instruments, including negotiable certificates of deposit (CDs) issued by foreignresident entities.

Equity Interests represent an ownership interest in foreign-resident organizations.

Include as equities:
•

Common stock (ordinary shares);

•

Preferred stock (participating and nonparticipating preference shares);

•

Restricted stock;

•

Depositary receipts/shares (e.g., ADRs, ADSs, GDRs, IDRs) provided the underlying securities
used to collateralize the receipts/shares are foreign securities (See Section III.E.);

•

Shares/units/other equity interests in foreign-resident funds (including mutual funds and money
market funds), index-linked funds, exchange-traded funds, private equity companies, venture
capital companies, investment trusts, common trust funds, commingled investment accounts,
hedge funds and other investment vehicles – (See Section III.C.);

•

U.S.-resident limited partner interests in foreign-resident limited partnerships and equity interests
in other companies that do not issue shares (General partner ownership interests are excluded.)
(See Section III. J.); and

•

Other equity securities, including privately placed equity interests.

Short-Term Debt Securities include bills, commercial paper, and other money market instruments
specified below with an original maturity of one year or less that give the holder the unconditional
right to financial assets. Asset-backed short-term debt securities should be reported as asset-backed
securities. (See below.)

Include as short-term debt securities:
•

Short-term foreign government securities;

•

Short-term bankers’ acceptances and trade acceptances;

•

Short-term commercial and financial paper, including asset-backed commercial paper;

10

•

Short-term negotiable certificates of deposit, bank notes, and deposit notes;

•

Short-term notes issued under note issuance facilities and revolving underwriting facilities, even
though the underlying facility may be for more than one year;

•

Short-term medium-term notes;

•

Short-term promissory notes;

•

Stripped securities with an original maturity of one year or less; and

•

Other short-term debt securities.

Long-Term Debt Securities (excluding asset-backed securities) include bonds and notes, with an
original maturity of over one year, that usually give the holder the unconditional right to financial
assets.

Include as long-term debt securities:
•

Bonds such as foreign treasury, zero coupon, stripped, deep-discounted, currency-linked (e.g.,
dual-currency), floating rate, equity-related (e.g., convertible bonds) bonds and Eurobonds;

•

Long-term index-linked debt securities;

•

Long-term floating rate notes (FRN), such as perpetual notes (PRN), variable rate notes (VRN),
structured FRN, reverse FRN, collared FRN, step up recovery FR (SURF), and
range/corridor/accrual notes;

•

Long-term medium-term notes;

•

Bonds with multiple call options, the last of which is more than one year after issue;

•

Long-term debentures;

•

Long-term negotiable certificates of deposit, bank notes, and deposit notes;

•

Long-term bearer depositary receipts denoting ownership of debt securities issued by
nonresidents;

•

Brady bonds;

•

Covered bonds (e.g., Pfandbriefe);

•

Long-term securities backed by a sinking fund; and

•

Other long-term debt securities.

Asset-Backed Securities are securitized interests in a pool of assets, which give the purchaser a
claim against the cash flows generated by the underlying assets. In many cases, the security’s
outstanding principal is reduced over time as principal repayments are received and passed on to the

11

holders of the security.

Securities backed by revolving credits, such as pools of credit card

receivables, do not meet this criterion, but are still classified as ABS if the return to the holder is
based upon these credits (i.e., the credits do not merely serve as collateral). The ABS is reported if
the issuer securitizing the assets is a foreign resident. The underlying asset should not be used to
determine if the securities are reportable. Asset-backed commercial paper should be reported as
commercial paper with other short-term debt.

Include as asset-backed securities all collateralized mortgage obligations (CMOs), collateralized
bond obligations (CBOs), collateralized loan obligations (CLOs), collateralized debt obligations
(CDOs), and other securities which give the purchaser a claim against the cash flows generated by
pools of:
•

Mortgages;

•

Credit card receivables;

•

Automobile loans;

•

Consumer and personal loans;

•

Commercial and industrial loans and other whole loans; and

•

Other assets.

B. DO NOT REPORT

Do not report any:
•

Derivative contracts (including futures, forwards, swaps, options, and warrants) meeting the
definition of a derivative under ACS 815 (formerly FAS 133). If the embedded derivative has not
been bifurcated from the host contract under FAS 133, then the security should be reported
without separating the embedded derivative from the host contract. However, if the embedded
derivative is bifurcated from the host contract, then the derivative should be excluded from the
report and the host security should be included on the report.

•

Loans and loan participation certificates;

•

Letters of credit;

•

Non-negotiable certificates of deposit ;

•

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

•

Foreign securities temporarily acquired under reverse repurchase, borrowing, or lending
arrangements (See Section III.D.);

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•

The underlying security of a depositary receipt, even if a foreign security (See Section III.E.);

•

Direct investments (See Section III.G.), including investments in real estate and general partner
ownership

interests

(However,

limited

partner

ownership

interests

are

reportable

investments.);and
•

All U.S. securities, including:

1. Securities issued by U.S.-resident organizations, even if they are denominated in foreign
currencies or traded on foreign securities exchanges;
2. Securities issued by U.S.-resident subsidiaries of foreign-resident organizations and U.S.resident offices of foreign banks or foreign broker/dealers, even if they are guaranteed by the
foreign parent company, or issued outside of the United States;
3. Securities issued by U.S.-resident entities under Section 144A of the SEC Act;
4. Ownership of shares of U.S.-resident funds, even if the fund invests in foreign securities (See
Section III.C.); and
5. Stripped securities issued by a U.S.-resident financial institution, even if the underlying
security is a foreign security (See Section III.F.).

C. FUNDS AND RELATED EQUITY HOLDINGS

1. Report U.S. residents’ ownership of shares/units of, or other equity interests in, funds legally
established outside of the United States (foreign-resident funds) as equity securities.

All U.S.

residents’ holdings of foreign-resident funds 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 the money of one or more
investors and that invest the pooled money in one or more of a variety of assets. Funds include, but
are not limited to:
•

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

•

Money market funds;

•

Investment trusts;

•

Index-linked funds;

•

Exchange traded funds (ETFs);

•

Investment vehicles that use the money of a single investor to buy securities that the investment

13

vehicle owns (single investor funds);
•

Commingled accounts;

•

Investment trusts;

•

Common trust funds;

•

Hedge funds;

•

Private equity funds.

The determination of whether ownership interests in a fund are foreign securities is based on the
country in which the fund is legally established, not on the type of securities the fund purchases. For
example, an interest in a fund organized in Bermuda that purchases U.S. Treasury securities is a
reportable foreign equity security. Likewise, an interest in a fund established in the United States is a
U.S. security and should be excluded from the report, even if the U.S.-resident fund invests in foreign
securities.

Many funds established outside 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 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 report staff at (212) 720-6300 or (646) 720-6300.

2. Report U.S.-resident funds’ ownership of foreign securities.

Although ownership of equity interests in U.S.-resident funds is excluded from this report, the foreign
securities owned by U.S.-resident funds are reportable. These are distinct holdings and, therefore, are
not duplicate reporting. Foreign securities owned by U.S.-resident funds should be classified as
equity, debt, or asset-backed securities, as indicated in Section III. A.

3. How to report hedge funds and other alternative investment vehicles

a) Investment advisors, managers or similar types of legal entities and fund sponsors that create
master-feeder fund structures both outside and inside the U.S. should report any portfolio
investments between the U.S. and foreign-resident affiliate funds that the investment manager
sets up.

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Example 1
A U.S.-resident investment manager/fund sponsor (IM/FS) creates a Cayman master
fund, a Cayman feeder fund and a U.S. feeder fund. The investments by the U.S. IM/FS
in the Cayman funds are direct investments since the IM/FS controls the affiliated firms
and should be reported to the Department of Commerce, Bureau of Economic Analysis as
direct investments. However, the investment that the U.S. feeder fund has in the Cayman
Master Fund is portfolio investment and should be reported on the SHC by the IM/FS as
the representative of the U.S. feeder fund as the owner (end-investor). However, if a U.S.
custodian holds the equity interests of the U.S feeder fund in the foreign master fund,
then the U.S. custodian would have the responsibility of reporting those interests on the
SHC.

Example 2
A foreign-resident IM/FS sets up a Cayman master fund, a Cayman feeder fund, and a
U.S. feeder fund. The investments between the foreign IM/FS and the U.S. feeder fund
are direct investment since the foreign IM/FS controls the feeder fund. However, the
equity investment that the U.S. feeder fund has in the foreign master fund is portfolio
investment and should be reported by the U.S. feeder fund as ownership of foreign equity
on the SHC. If a U.S. custodian holds the equity interest of the U.S. feeder in the foreign
master fund, then the U.S. custodian would have the responsibility of reporting on the
SHC.

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

Note: The descriptions of the various examples are based on common master/feeder
fund structures. It is possible for there to be different types of structures when
creating these funds and they may be called different names by some entities.
Ultimately, if the investment is not direct investment, then it will fall into the
category of portfolio investment and needs to be reported as part of the TIC system.

4.

Fund ownership by Pension and Retirement Plans (including those of State and Local

governments, including municipalities)

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A state pension plan holds foreign investments through (a) onshore funds (including funds of
hedge funds) and (b) offshore funds (including funds of hedge funds). For the purposes of
TIC, the requirement to report is based on the country in which the fund is legally
established.

(a) The investments in onshore U.S funds (including funds of hedge funds) are investments in
U.S.-resident entities and are therefore not reportable on the SHC.

(b) The investments in offshore funds (including funds of hedge funds) are investments in
foreign-resident entities, and are therefore reportable on the SHC. Only the shares of the
funds themselves are reportable (not their underlying investments), and only if the pension
investments are portfolio investment.

If those investments are direct investments, such as general partnership interests, then the
investments are reportable to the Bureau of Economic Analysis of the Department of
Commerce. If a U.S. custodian holds the foreign portfolio interests in the offshore funds on
behalf of the pension plans, the U.S. custodian would have the reporting responsibility to
report on the SHC and the TIC Form SLT report.

D. SECURITIES INVOLVED IN REPURCHASE AND SECURITIES LENDING
ARRANGEMENTS

A repurchase agreement (repo) is an arrangement involving the sale of securities at a specified price
for cash with a commitment to repurchase the same or similar securities at a specified price on a
future date. A reverse repo is an agreement whereby a security is purchased at a specified price with
a commitment to resell the same or similar securities at a specified price on a specified future date.
Securities lending/borrowing arrangements are agreements whereby the ownership of a security is
transferred in return for collateral, usually another security or cash, under condition that the security
or similar security will revert to its original owner at a future date. All of these arrangements, as well
as buy/sell agreements, should be treated as follows:
•

Securities sold under repurchase agreements or lent under securities lending arrangements, or
collateral provided, should be reported by the original owner of the securities (or their U.S.-

16

resident custodian) as if the securities were continuously held; that is, as if the repurchase or
security lending agreement did not exist. Thus, if a U.S. resident transferred a foreign security
under a repurchase or securities lending arrangement, the U.S. resident (or their U.S.-resident
custodian) transferring the security should include it in its Schedule 2 or Schedule 3 records. The
country reported should be the country of the issuer of the security and not the country of the
counterparty to the repo or other agreement.
•

Securities, including collateral, temporarily acquired by U.S. residents under reverse repurchase
or borrowing or lending arrangements should not be reported.

•

However, if cash was temporarily received as collateral and was used to purchase securities, those
securities should be reported.

E. DEPOSITARY RECEIPTS/SHARES

Depositary receipts/shares, including American depositary receipts (ADRs) or bearer depositary
receipts, should be attributed to the country of residence of the issuer of the security underlying the
depositary receipt/share. Issuers of depositary receipts/shares should not report their holdings of the
actual foreign securities. Only U.S. residents’ holdings of depositary receipts/shares should be
reported.

In addition, the security type reported should be determined based on the security underlying the
depositary receipt/share. For example, if the underlying security is foreign common stock then the
security type reported in Item 7 of the Schedule 2 should be 1 (common stock).

F. STRIPPED SECURITIES

Stripped securities 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 country of residence of a stripped security is the country of residence of the entity that issued the
stripped security, not the country of residence of the entity that issued the underlying security.
Stripped securities issued by foreign residents, (the interest-only (IO) component, the principal-only

17

(PO) component and tranches of stripped asset-backed securities), and held by U.S. residents are
reportable. If a U.S.-resident financial institution issued the stripped securities, the issuer of the
stripped securities should report its ownership of the underlying foreign securities. Exclude U.S.
residents’ holdings of stripped securities issued by a U.S.-resident financial institution.

G. DIRECT INVESTMENT

All holdings known to be direct investment should be excluded from the survey.

A direct investment relationship exists when a U.S. resident owns, directly or indirectly, 10% or more
of the voting equity securities of an incorporated foreign business (or an equivalent interest in an
unincorporated foreign business or branch. (See Section III.K.) If a direct investment relationship
exists, then, in general, all securities held by the parent entity that were issued by the affiliate of the
parent are considered to be direct investment.

However, if one of the entities is a depository institution, a securities firm, a bank holding
company or financial holding company, then inter-company holdings are not considered to be
direct investment and are reportable on the SHC.

See the Glossary for a complete definition of

direct investment.

H. SECURITIES HELD BY CENTRAL SECURITIES DEPOSITORIES

Foreign securities entrusted to U.S.-resident custodians that are in turn held at a U.S.-resident central
securities depository (such as the Depository Trust Company or the Federal Reserve Bank of New
York), or a foreign-resident central securities depository (such as Euroclear or Clearstream), must be
reported by the U.S.-resident custodian, not by the U.S. or foreign-resident central securities
depository. Likewise, foreign securities held by a U.S.-resident end-investor directly with a U.S.resident or foreign-resident central securities depository must be reported by the U.S.-resident endinvestor, not by the central securities depository.

Foreign securities provided to the Federal Reserve Bank of New York (FRBNY) for discount window
loan collateral must be reported by the “lender” of the securities, not by the FRBNY.

18

I. COUNTRY ATTRIBUTION

Except for securities issued by international and regional organizations and depositary receipts,
securities should be reported based upon the country of residence of the issuer of the securities. The
country of residence of any entity is where it is legally incorporated or otherwise legally organized,
with the exception of bank branches, whose country of residence is the country where they are
licensed. In cases where a foreign subsidiary of a U.S.-resident organization issues a reportable
security, report these securities in the country where the foreign subsidiary is resident if the security is
the direct legal obligation of the foreign subsidiary.

Depositary receipts should be attributed to the country of residence of the issuer of the security
underlying the depositary receipt.

Securities issued by international and regional organizations are not allocated to the country in which
the international or regional organization is located. The country attribution for most international
and regional organizations are regional group codes: 72907, 73903, 74918, 74942, 75906, 76902, and
77909.. Refer to Appendix D for a list of international and regional organizations.

A few international and regional organizations have their own geographic classification (country)
codes in the Appendix and those codes should be used in reporting on the SHCA.

Attribution of country of residence of the issuer should not be affected by the currency of issue or by
the country of a guarantor.

J. LIMITED PARTNERSHIPS

U.S.- resident limited partner interests in foreign-resident limited partnerships should be reported as
Other Equity (Schedule 2, Item 12 = 4). Limited partners’ ownership does not carry voting rights;
therefore, such ownership, even if greater than 10%, is reportable. The Number of Shares Held field
on the Schedule 2 (Item 19) should be defaulted to the value reported in the US$ Fair Value field
(Item 17) because limited partnerships do not issue shares.

U.S.-resident general partner interests in foreign-resident limited partnerships are always considered
to be direct investment and are excluded from this report.

19

K. 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 December 2016.
The fair value follows the definition of ASC 820 (formerly FAS 157). Fair value is the amount at
which an asset could be bought or sold in a current transaction between willing parties, other than in a
forced or liquidation sale. If a quoted market price is available for an instrument, the fair value is the
product of the number of trading units times that market price. For coupon bonds, valuations should
be based on “clean” prices, that is, excluding accrued interest. For securities that do not regularly
trade, the estimate of fair value should be based on the best information available in the
circumstances. The estimate of fair value should consider prices for similar assets and the results of
valuation techniques to the extent available in the circumstances. Examples of valuation techniques
include discounted cash flow, matrix pricing, option-adjusted spread models and fundamental
analysis.

For asset-backed securities, the fair value of the unpaid principal amount outstanding at close of
business on the last business day of December should be reported; if principal has been repaid, this
fair value will not be the same as the original face value revalued at end-period market prices.

U.S.-resident custodians should, at a minimum, report the fair value to the extent that it is available as
part of their normal services provided to customers, even if the price available is prior to the last
business day of December. 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.

20

Foreign Currency Denominated Securities – Calculation of U.S. Dollar Values

If the security is not denominated in U.S. dollars (US$) and a US$ 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 December. If you need assistance locating an
exchange rate, please contact FRBNY staff at (212) 720-6300 or (646) 720-6300.

If the exchange rate is normally quoted in units of foreign currency per US$, such as ¥105.75/US$,
divide foreign currency values by the foreign exchange rate to obtain the US$ values. For example, if
the value of a security issued in Japan is ¥ 200,000, 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$1.75/UK£, then multiply foreign currency values by the US$ exchange rate value of the foreign
currency to obtain US$ values. For example, if the value of a security issued in the United Kingdom
is UK £1,000, multiply UK £1,000 by 1.75 to obtain US$ 1,750.

L. DATA RETENTION PERIOD

The reporter must retain all data used to create this report for a period of 36 months from the date of
the report's submission.

M. REVIEW OF DATA AND REQUESTS 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 foreign securities have been reported; (2)
information to ensure that all reported foreign securities are held by U.S. residents; or (3) other
information that helps to explain or corroborate the submitted data.

Entities filing data on electronic media that are not formatted per the specifications in Appendix H
will be required to re-submit the data in the proper format.

21

IV. INSTRUCTIONS FOR COMPLETING REPORTING SCHEDULES

A. SCHEDULE 1 - REPORTER CONTACT IDENTIFICATION AND SUMMARY OF
FINANCIAL INFORMATION

Schedule 1 must be completed by all organizations that meet the survey reporting requirements as
specified in Section II.A. This schedule is used to provide basic identifying information and provide
summaries of data reported on Schedule 2 and Schedule 3 records.

Please type or print all

information.

1. Reporter Identification Number (RSSD) - Enter your organization’s ten-digit Reporter
Identification Number. If you do not know the Reporter Identification Number for your
organization, please contact FRBNY staff at (212) 720-6300 or (646) 720-6300.

2. Organization Name - Include 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 if your organization is Exempt from reporting on both Schedules 2
and 3 as defined in Section II.C OR if your organization’s reportable foreign securities are
included in the report of its U.S.-resident parent. Select 2 if your organization is filing only
Schedule 2 records.
Select 3 if your organization is filing only Schedule 3 records.
Select 4 if your organization is filing both Schedule 2 and Schedule 3.

8. Reporter Type - Enter one of the following that best describes your organization (Refer to
Appendix G - Glossary for specific definition of reporters type)
1 = Depository Institution
2 = Fund/Fund Manager/Sponsor
(excluding pension fund)
3 = Pension Fund

4 = Insurance Company
7 = Foundation, Trust, or Estate
5 = Other Financial Organization
8 = Institution of Higher Learning
(including BHC, FHC, IHC, broker/dealers)
(e.g., university)
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.

22

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.

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, arise. If a service provider was used to prepare the
data reported, the technical contact may be a vendor employee.

For items 15 through 17, enter title, telephone number and email address of the contact identified in
item 14.

18. Valuation Technique - 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 fair value
of the security or to the client’s holdings (quantity) 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. If your
organization submits Schedule 2 data on multiple media, the summary Schedule 2 data should
represent aggregate data across all media submitted for the same reporter identification number.

19. Total Number of Schedule 2 Records Submitted - Enter the total number of Schedule 2 records
submitted.

20. Total US$ Fair Value of All Equity Securities - Enter the sum of the US$ fair value of all
equity security records (records with Schedule 2, Item 12 = 1, 2, 3, or 4), rounded to the nearest
U.S. dollar.

23

21. Total US$ Fair Value of All Short-Term Debt Securities (excluding asset-backed
securities) - Enter the sum of the US$ fair value of all short-term debt security (including assetbacked commercial paper) records (records with Schedule 2, Item 12 = 5, 6, 7, 8, 9, 10 or 11),
rounded to the nearest U.S. dollar.

22. Total US$ Fair Value of All Long-Term Debt Securities (excluding asset-backed
securities) - Enter the sum of the US$ fair value of all long-term debt security (excluding assetbacked securities) records (records with Schedule 2, Item 12 = 7, 8, 9, 10 or 11), rounded to the
nearest U.S. dollar.

23. Total US$ Fair Value of All Asset-Backed Securities - Enter the sum of the US$ fair value of
all asset-backed security records (records with Schedule 2, Item 12 = 12), rounded to the nearest
U.S. dollar.

SUMMARY OF SCHEDULE 3 INFORMATION

This section contains summary data for the information reported on Schedule 3 records.

24. Total Number of Schedule 3 Records Submitted - Enter the total number of Schedule 3 records
submitted.

25. Total US$ Fair Value of All Equity Securities - Enter the sum of all Schedule 3 records, item 4.

26. Total US$ Fair Value of All Short-Term Debt Securities (excluding asset-backed securities) Enter the sum of all Schedule 3 records, item 5.

27. Total US$ Fair Value of All Long-Term Debt Securities (excluding asset-backed securities) Enter the sum of all Schedule 3 records, item 6.

28. Total US$ Fair Value of All Asset-Backed Securities - Enter the sum of all Schedule 3 records,
item 7.

24

CERTIFYING INFORMATION

All reporters must complete this section.

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 organization that
he/she can knowingly and with reasonable confidence certify that the information provided in this
report is both accurate and complete.

29 - 33 - Enter the name, job title, telephone number, and email address of the duly authorized officer
of your organization who certifies that the information provided is complete and accurate, as well as
the date and signature.

25

B. SCHEDULE 2 - DETAILS OF SECURITIES

(Please enter your ten-digit Reporter Identification Number at the top of each page of Schedule
2.)

1. Reporter Identification Number (RSSD) - Enter your organization’s ten-digit Reporter
Identification Number.

If you do not know the Reporter Identification Number for your

organization, please contact FRBNY staff at (212) 720-6300 or (646) 720-6300.

2. Sequence Number - Enter the sequence number of this detail record, right justified. The first
detail record should be assigned sequence number 1, and each succeeding Schedule 2 should be
assigned a sequence number one higher than the previous record.

3. Reporting Unit - If data being submitted are collected from multiple databases or reporting
systems, please report the internal code used in your organization to identify the database or
system from which the information on this Schedule 2 came. This information may greatly reduce
the costs of identifying and fixing reporting errors that occur.

4. Name of Reporting Unit - Enter a description or name of the reporting unit or area that
corresponds to the code reported in item 3.

5. Reporting As – Enter "1" if you are reporting as end investor. Enter "2" if you are reporting as
a custodian of 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). All 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 you to resubmit your report with
external ids or to help identify characteristics of individual securities.

Please include the

security id’s check digit and exclude any internal coding characters added to the ISIN,
CUSIP, or other numbering agency code.

26

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.

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 or system that assigned the security ID.

9. Security Description - Briefly describe the security, providing any relevant descriptive
information available. Ideally, this would include, but is not restricted to: (a) for preferred stock,
the annual dividend; (b) for debt securities, the interest rate, if any, whether it is stripped interest
only (IO) or principal only (PO), convertibility, and currency of denomination; (c) for floating rate
notes, how the interest is calculated (e.g., Libor plus 1.5); and (d) for depositary receipts, a
description of the underlying security.

10. Name of Issuer - Enter the full legal name of the organization that issued the security. For
branches of banks, please provide the location of the branch.

11. Type of Foreign Issuer – Enter “1” if the foreign issuer is an Foreign Official Institution (FOI).
Enter “2” if the security was issued by all other Foreign-Residents.

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 G – Glossary for specific definition).

Equity

Debt (excluding asset-backed securities)

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

Asset-backed Securities

5 = Commercial paper
9 = Bond or note, unstripped
6 = Negotiable CD
10 = Bond or note, stripped
7 = Convertible debt security 11 = All other debt
8 = Zero coupon bond or note

12 = Asset-backed security

1. Type 1 should be used to report all common stock, including restricted common shares.
2. Type 2 should be used to report all preferred stock, including participating preference
shares, nonparticipating preference shares, convertible preferred stock, and restricted
preferred shares.
3. Type 3 should be used to report all shares of funds, including funds that invest primarily or
exclusively in money market instruments and in long-term debt, exchange traded funds,

27

open-end and closed - end mutual funds, and unit investment trusts. (See Section III.C)
4. Type 4 should be used to report all other types of equity, including foreign-resident limited
partner ownership of U.S.-resident limited partnerships and any other form of equity not
specified in security types 1, 2, and 3.
5. Type 5 should be used to report all commercial paper, including asset-backed commercial
paper.
6. Type 6 should be used to report long-term and short-term negotiable certificates of deposits,
including negotiable bank notes and negotiable deposit notes issued by U.S. institutions,
including U.S. branches of U.S. or foreign banks. Non-negotiable certificates of deposit are
not reportable.
7. Type 7 should be used to report all convertible debt securities, including convertible bonds
and zero- coupon convertible debt. However, non-convertible debt securities with
embedded warrants or options should be reported as either type 8 (if a zero-coupon bond or
note) or type 9.
8. Type 8 should be used to report bonds and notes that do not provide interest payments, such
as discount notes. However: (1) zero-coupon convertible debt should be reported as type 7;
(2) stripped non-asset-backed securities, both the interest-only (IO) and principal-only (PO)
components, should be reported as type 10; (3) U.S. Treasury bills should be reported as
type 11; and (4) stripped asset- backed securities, the tranches, and the IO and PO
components, should be reported as type 12.
9. Type 9 should be used to report bonds or notes that: (1) cannot be converted to equity
securities, (2) provide interest payments, (3) have not been stripped (i.e., not an IO or PO),
and (4) do not give the owner a claim against the cash flows generated by the underlying
assets (i.e., ABS). These bonds and notes are commonly referred to as “straight debt.”
10. Type 10 should be used to report all components of stripped securities, including the IO and
PO
components. However, all tranches of stripped asset-backed securities should be reported as
type 12.
11. Type 11 should include all debt other than asset-backed securities that is not covered in
types 5-10, including U.S. Treasury bills.
12. Type 12 should include only short-term and long-term securities that represent securitized
interests in a pool of assets and give the investor a claim against the cash flows generated
by the underlying assets. All tranches of stripped asset-backed securities, as well as
unstripped asset-backed securities, should be reported as type 12. Debt which is

28

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 types 5-11, as appropriate..

13. Country of Residence of Issuer - Enter the country code from Appendix C that corresponds to
the country of residence of the entity that issued the security. (Refer to Section III.I, Country
Attribution.)

14. Currency of Denomination - Enter the ISO code from Appendix E that corresponds to the
currency in which the security being reported is denominated.

15. Type of U.S. Owner - Enter one of the following that best describes the U.S. owner of the
security:
(Refer to Appendix G - Glossary for specific definition)
1 = Depository Institution
2 = Fund or Other Investment Vehicle
(excluding pension fund and mutual funds)
3 = Pension Fund

4 = Mutual Fund
5 = Insurance Company
6 = Other Financial (incl. BHC, FHC, IHC)
7 = Non-Financial Organization (including
individual/household)

16. Depositary Receipt/Share - Enter 1 if the security is a depositary receipt/share.

Enter 2

otherwise.

17. US$ Fair Value of Security - Enter the US$ fair value of the security being reported,
rounded to the nearest U.S. dollar. (See Section III.K, Accounting Rules, Valuation of
Securities, and Calculation of U.S. Dollar Values, for more information on how to calculate
the US$ fair value.)

18. Fair Value of Security in Currency of Denomination - Enter the fair value of the security
being reported, rounded to the nearest currency of issue unit. If the currency of issue is US$,
report the same value as in item 17. (See Section III.K, Accounting Rules, Valuation of
Securities, and Calculation of U.S. Dollar Values, for more information on how to calculate the
fair value.)

29

FOR EQUITY SECURITIES ONLY
19. Number of Shares - Enter the number of shares held, rounded to the nearest share.
Securities for which the amount of shares held is zero should not be reported.

FOR ALL DEBT SECURITIES (NON – ABS AND ABS)

20. Face Value (for non-ABS) or Remaining Principal Outstanding (for ABS) 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 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 December 31, 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

21. Original Face Value in Currency of Denomination - Enter the original face value 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 held) and report the result in this field.

FOR ALL DEBT SECURITIES (NON-ABS AND ABS)

22. 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.

23. Maturity Date - Enter the final maturity date of this security in MMDDYYYY format. For
example, if the security's final maturity date is January 5, 2010, enter 01052010.

30

C. SCHEDULE 3 - CUSTODIANS USED

(Please enter your ten-digit Reporter Identification Number at the top of each page of Schedule
3.)

1. Reporter Identification Number - Enter your organization’s ten-digit Reporter Identification
Number.

If you do not know the Reporter Identification Number for your organization, please

contact FRBNY staff at (212) 720-6300 or (646) 720-6300.

2. Sequence Number - Enter the sequence number of this detail record, right justified. The first
detail record should be assigned sequence number 1, and each succeeding Schedule 3 should be
assigned a sequence number one higher than the previous record.

3. Custodian Code - Please refer to Appendix F for a list of the major U.S.-resident custodians. If
you do not see your U.S.-resident custodian listed in Appendix F, please enter 99 and complete
items 9 through 14. (Items 4 through 8 should be completed on all Schedule 3s)

4. Total US$ Fair Value of Equities Entrusted - Enter the aggregate US$ fair value for all foreign
equities that you entrusted to the organization(s) reported in the custodian code field, rounded to
the nearest U.S. dollar.

5. Total US$ Fair Value of Short-Term Debt (excluding asset-backed securities) Entrusted Enter the aggregate US$ fair value for all foreign short-term debt securities (excluding assetbacked securities) that you entrusted to the organization(s) reported in the custodian code field,
rounded to the nearest U.S. dollar.

6. Total US$ Fair Value of Long-Term Debt (excluding asset-backed securities) Entrusted Enter the aggregate US$ fair value for all foreign long-term debt securities (excluding assetbacked securities) that you entrusted to the organization(s) reported in the custodian code field,
rounded to the nearest U.S. dollar.

7. Total US$ Fair Value of Asset-Backed Securities Entrusted - Enter the aggregate US$ fair
value for all foreign asset-backed securities that you entrusted to the organization(s) reported in the
custodian code field, rounded to the nearest U.S. dollar.

31

8. Reporting As - Enter 1 if you are the U.S.-resident end-investor or fund manager or 2 if you are
the U.S.-resident custodian that is entrusting foreign securities to the organization reported in the
custodian code field. (See Appendix G for the definitions of end-investor and custodian.) Please
note that, if you are the custodian, but do not fully disclose the identities of your clients to the
sub-custodian, your organization should report those securities on Schedule 2, not on
Schedule 3.

COMPLETE ITEMS 9 THROUGH 14 ONLY IF THE CUSTODIAN CODE (ITEM 3) IS 99

9. Name of U.S.-Resident Custodian - Enter the full legal name of the U.S.-resident custodian to
which you entrusted the securities.

For items 10 through 14, enter the full mailing address and telephone number of the U.S. Resident
Custodian identified in item 9.

32

APPENDIX A
SAMPLE REPORTING FORM SHC/SHCA

The following schedules in this appendix are also available in a separate document.
A copy is on the TIC website at:

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

33

Department of the Treasury

OMB Control Number 1505-0146

Approval Expires 12/31/2019

Report of U.S. Ownership of Foreign Securities, Including Selected Money Market Instruments
(SHC)

SCHEDULE 1: REPORTER CONTACT IDENTIFICATION AND
SUMMARY OF FINANCIAL INFORMATION
REPORTER CONTACT INFORMATION

1.

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

2.

Organization Name:

3. Street Address:

4. City:

5. State:

6. Zip Code:

7. Reporting Status:……………………………………………………………………………………………………..….
1 = Exempt
2 = Only Schedule 2(s) are being submitted

3 = Only Schedule 3(s) are being submitted
4 = Schedules 2(s) and 3(s) are being submitted

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

4 = Insurance Company
7 = Foundation, trust, estate
5 = Other Financial Organization
8 = Institution of higher learning
(including BHC, FHC, IHC, broker/dealers)
(e.g., university)
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: ___________________________________

SHC

Schedule 1, Page 1 of 3

Department of the Treasury

OMB Control Number 1505-0146

Approval Expires 12/31/2019

Reporter Identification Number……………………………..……………………………
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

Valuation Description

________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________

SHC

Schedule 1, Page 2 of 3

Department of the Treasury

OMB Control Number 1505-0146

Approval Expires 12/31/2019

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

,

,

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

,

,

,

,

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

,

,

,

,

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

,

,

,

,

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

,

,

,

,

SUMMARY OF SCHEDULE 3 INFORMATION
24. Total Number of Schedule 3s Submitted…..…………………………………………………………….….

,

25. Total US$ Fair Value of All Equity Securities …………………….
Reported on Schedule 3(s)

,

,

,

,

26. Total US$ Fair Value of All Short-Term Debt Securities…………..
(excluding asset-backed securities) Reported on Schedule 3(s)

,

,

,

,

27. Total US$ Fair Value of All Long-Term Debt Securities..................
(excluding asset-backed securities) Reported on Schedule 3(s)

,

,

,

,

28. Total US$ Fair Value of All Asset-Backed……………………….....
Securities Reported on Schedule 3(s)

,

,

,

,

CERTIFYING INFORMATION
By signing the certification below you acknowledge that:
•
•
•

You have read and understood the reporting requirements of this survey.
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:

29. Date Signed: __________________

30. Certifier's Name:
31. Certifier's Title:
32. Certifier's Telephone Number:
33. Certifier's Email Address: _____________________________________________________________________
SHC

Schedule 1, Page 3 of 3

Department of the Treasury

OMB Control Number 1505-0146

Approval Expires 12/31/2019

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 = End-investor

2 = Custodian

6.

Security ID:………………………………………………………………..………

7.

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

8.

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

5 = SEDOL

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 Foreign Issuer:………………………………………………………………………………………………………
1 = Foreign Official Institutions

2 = All Other Foreign Residents

12. Security Type: …………………………………………………………………………………………………………
Equities
1 = Common stock
2 = Preferred stock
3 = Fund shares
4 = All other equity

Debt (excluding asset-backed securities)
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 Issuer: (Refer to Appendix C)………………………………………………………………….….
14. Currency of Denomination: (Refer to Appendix E)………………………………………………………………………..
15. Type of U.S. Owner: …………………………………………………………………………………………..….…………
1 = Depository Institution
2 = Fund or Other Investment Vehicle
(excluding pension and mutual funds)
3 = Pension Fund

4= Mutual Fund
5 = Insurance company
6 = Other Financial Organization (including BHC, FHC, IHC)
7 = Nonfinancial Organization (including individual/household)

16. Depositary Receipt/Share: ……………………………………………………………………………………..….…………
1 = Yes, the security is a Depositary Receipt/Share
2 = No, the security is NOT a Depositary Receipt/Share
SHC

Schedule 2, Page 1 of 2

Department of the Treasury

OMB Control Number 1505-0146

Approval Expires 12/31/2019

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

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

… ,

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

,

,

,

,

,

,

,

,

FOR EQUITIES ONLY
(Security Types 1, 2, 3 or 4)
19. 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)
20. Face Value (for non-ABS) or Remaining Principal Outstanding (for ABS)
in the Currency of Denomination: ……………….…………………..…

,

,

, ,

,

,

,

,

FOR ASSET-BACKED SECURITIES ONLY
(Security Type 12)
21.

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)

22.

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

23.

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

SHC

Schedule 2, Page 2 of 2

,

Department of the Treasury

OMB Control Number 1505-0146

Approval Expires 12/31/2019

SCHEDULE 3: CUSTODIANS USED

1. Reporter Identification Number (RSSD):.…….….…….….…….…………..…….…
2.

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

,

3

Custodian Code: (Refer to Appendix F)…………………………………………………………………………………..
If the U.S.-resident custodian used is not in the Appendix, please enter 99 and complete items 9 through 14.

4.

Total US$ Fair Value of Foreign Equity Securities
,

,

,

,

Total US$ Fair Value of Foreign Short-Term Debt
Securities (excluding asset-backed securities).……………………

,

,

,

,

Total US$ Fair Value of Foreign Long-Term Debt
Securities (excluding asset-backed securities) ……………….…….

,

,

,

,

7.

Total US$ Fair Value of Foreign Asset-Backed Securities ……..…

,

,

,

,

8.

Reporting As: ………………………………….………..………………………………………………………………

5.

6.

1 = U.S.-resident end-investor (as defined in Appendix G – Glossary)
2 = U.S.-resident custodian (as defined in Appendix G – Glossary), who is in turn entrusting these securities to
another U.S.-resident custodian that knows the identities of its customers
Complete items 9 through 14, identifying the U.S.-Resident Custodian, only if the Custodian Code in Item 3 is 99:
9.

Name of U.S.-Resident Custodian:
__________________________________________________________________________________

10. Street Address of U.S.-Resident Custodian:
___________________________________________________________________________________

11. City: _________________________

12. State: _____________________ 13. Zip Code: ______________

14. Telephone Number of U.S.-Resident Custodian:___________________________________________________

SHC

Schedule 3, Page 1 of 1

APPENDIX B: REPORTING REQUIREMENT FLOWCHARTS
1. Reporting Requirements for Reporters that are U.S.-Resident Custodians (See Section
II.A.)
Flowchart 1a - Foreign securities held in custody for your own organization or for your U.S.resident clients that are not in turn entrusted to any other organization
Flowchart 1b - Foreign securities entrusted to the safekeeping of a U.S.-resident central securities
depository
Flowchart 1c - Foreign securities held abroad, either by employing a foreign-resident custodian or
by directly entrusting to a foreign-resident central securities depository
Flowchart 1d - Foreign securities entrusted to the safekeeping of another U.S.-resident custodian
(excluding U.S.-resident central securities depositories)
2. Reporting Requirements for Reporters that are U.S.-Resident End-Investors (See Section
II.A.)
Flowchart 2a - Foreign securities held for your own organization or for your U.S.-resident clients
that are not in turn entrusted to any other organization (held in self-custody)
Flowchart 2b - Foreign securities entrusted to the safekeeping of a U.S.-resident central securities
depository
Flowchart 2c - Foreign securities held abroad, either by employing a foreign-resident custodian or
by directly entrusting to a foreign-resident central securities depository
Flowchart 2d - Foreign securities entrusted to the safekeeping of a U.S.-resident custodian
(excluding U.S.-resident central securities depositories)
3. Determining Reportable Securities

Please note that flowcharts designed for the TIC SLT, a complementary/companion report, are
also available for guidance at
https://www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms-slt.aspx

34

Reporting Requirements for Reporters that are U.S.-Resident Custodians
(See Section II.A.)
Flowchart 1a - Foreign securities held in custody for your own organization or for your
U.S.-resident clients that are not in turn entrusted to any other organization
U.S. resident investor
(including the
reporting custodian’s
own portfolio)

U.S.-resident
custodian
(Reporter)

The reporter submits
detailed data on Schedule
2.

Flowchart 1b - Foreign securities entrusted to the safekeeping of a U.S.-resident central
securities depository
U.S. resident investor
(including the
reporting custodian’s
own portfolio)

U.S.-resident
custodian
(Reporter)

The reporter submits
detailed data on Schedule
2.

35

U.S.-resident
central
securities
depository

U.S.-resident
central securities
depositories do not
report.

Reporting Requirements for Reporters that are
U.S.-Resident Custodians (See Section II.A.)
Flowchart 1c - Foreign securities held abroad, either by employing a foreign-resident
custodian or by directly entrusting to a foreign-resident central securities depository
U.S. resident investor
(including the
reporting custodian’s
own portfolio)

U.S.-resident
custodian
(Reporter)

The reporter submits
detailed data on Schedule
2.

Foreign-resident
custodian or
central securities
depository

Foreign-resident
organizations do not
report.

Flowchart 1d - Foreign securities entrusted to the safekeeping of another U.S.-resident
custodian (excluding U.S.-resident central securities depositories)
U.S. resident investor
(including the
reporting custodian’s
own portfolio)

U.S.-resident
sub-custodian

U.S.-resident
custodian
(Reporter)

The reporter submits summary
data on Schedule 3 for each
U.S.-resident sub-custodian
using the appropriate custodian
codes.

36

The U.S.-resident sub-custodian submits
detailed data on Schedule 2.

Reporting Requirements for Reporters that are
U.S.-Resident End-Investors, including Investment Managers (See Section
II.A.)
Flowchart 2a - Foreign securities held for your own organization or for your U.S.resident clients that are not in turn entrusted to any organization
U.S. resident investor
(including the
reporting endinvestor’s own
portfolio)

U.S.-resident endinvestor (including
managers)
(Reporter)

The reporter submits
detailed data on Schedule
2.

Flowchart 2b - Foreign securities entrusted to the safekeeping of a U.S.-resident central
securities depository
U.S. resident investor
(including the
reporting endinvestor’s own
portfolio)

U.S.-resident endinvestor (including
managers)
(Reporter)

The reporter submits
detailed data on Schedule
2.

37

U.S.-resident
central
securities
depository

U.S.-resident central
securities depositories do
not report.

Reporting Requirements for Reporters that are
U.S.-Resident End-Investors (See Section II.A.) (cont’d)
Flowchart 2c - Foreign securities held abroad, either by employing a foreign-resident
custodian or by directly entrusting to a foreign-resident central securities depository
U.S. resident investor
(including the
reporting endinvestor’s own
portfolio)

U.S.-resident endinvestor (including
managers)
(Reporter)

The reporter submits
detailed data on Schedule
2.

Foreign-resident
custodian or
central securities
depository

Foreign-resident
organizations do not
report.

Flowchart 2d - Foreign securities entrusted to the safekeeping of a U.S.-resident
custodian (excluding U.S.-resident central securities depositories)

U.S. resident investor
(including the
reporting endinvestor’s own
portfolio)

U.S.-resident endinvestor (including
managers)
(Reporter)

The reporter submits summary
data on Schedule 3 for each U.S.resident custodian using the
appropriate custodian codes.

38

U.S.-resident
custodian

The U.S.-resident custodian submits
detailed data on Schedule 2.

Flowchart 3 Determining Reportable Securities

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

NO

YES
NO 3

Is this security
issued by a
foreign

YES

NO

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

Do not report non-securities
such as derivatives, loans, and
non-negotiable deposits.

Do not report securities issued
by U.S.-residents, including
U.S. branches and subsidiaries
of foreign organizations.
However, report ADRs, even
though these are issued by
U.S.-resident entities, since
they represent shares in the
underlying foreign security.

Do not report foreign
securities owned by foreign
residents because this
investment does not represent
a cross-border investment.

YES

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

NO

YES
Report this security. Please refer to
Flowcharts 1a through 2d to determine if
the security is reported in detail on
Schedule 2 or in summary on Schedule 3.

39

Do not report investments
that represent 10% or more
of the issuer’s voting equity,
i.e., direct investments. (See
Section III.G.)

APPENDIX C: COUNTRY/AREA CODES
DEPARTMENT OF THE TREASURY

CODES FOR COUNTRIES & AREAS 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 on the TIC website at:
https://www.treasury.gov/resource-center/data-chart-center/tic/Pages/foihome.aspx

40

APPENDIX D: INTERNATIONAL & REGIONAL ORGANIZATIONS
DEPARTMENT OF THE TREASURY

CODES FOR 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 on the TIC website at:
https://www.treasury.gov/resource-center/data-chart-center/tic/Pages/foihome.aspx

41

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

42

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

43

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: LIST OF CUSTODIAN CODES
If your securities are held by any U.S. subsidiary of one of the custodians below, please use the custodian
code of the listed firm.
Name of U.S.-Resident Custodian

Custodian Code

Bank of America Corporation
(including but not limited to LaSalle Bank, U.S. Trust Co., Merrill Lynch)

41

Bank of New York Mellon Corporation
(including but not limited to former affiliates of Bank of New York, The
and Mellon Financial Corporation, PFPC Trust Co and other former affiliates
of PNC Global Investment Services; excluding Pershing LLC below)

4

Barclays Bank PLC
(U.S.-resident branches)

63

Barclays Group Inc./Barclays Capital Inc.
(excluding branches of Barclays Bank PLC)

64

BMO Financial Corporation
(including but not limited to BMO Harris Bank, Marshall & Ilsley (M&I) companies)

62

BNP Paribas
(U.S.-resident branches only)

7

Brown Brothers Harriman & Co.

8

Charles Schwab Corporation, The
(including but not limited to Charles Schwab & Co., Inc. and Charles Schwab Bank)

58

Citigroup Inc./Citibank, N.A.
(including but not limited to Salomon Smith Barney)

9

Comerica Incorporated
(including but not limited to Comerica Bank and Comerica Securities, Inc.)

61

Deutsche Bank Aktiengesellschaft
(U.S.-resident branches only)
(excludes Deutsche Bank Trust Company Americas and Taunus Corporation below)

12

Deutsche Bank Trust Company Americas

6

(part of Taunus Corporation below)
Fidelity Management and Research Corp. (FMR Corp.)
(including but not limited to Fidelity Investments, Fidelity Management Trust
Company, and National Financial Services Corporation)

26

Fifth Third Bancorp/Fifth Third Bank

25

Goldman Sachs Group L.P.

27

44

Name of U.S.-Resident Custodian

Custodian Code

Harris Bank/BMO Harris Bank
(part of BMO Financial Corporation above)

62

HSBC North America Inc./HSBC Bank USA, N.A.

14

JPMorgan Chase & Co./JPMorgan Chase Bank

16

Marshall & Ilsley Investment Corporation/Marshall & Ilsley Trust Co.
(part of BMO Financial Corp. above)

62

Merrill Lynch & Company, Inc.
(part of Bank of America above)

41

Morgan Stanley, Dean Witter & Co.

29

Northern Trust Company, The

18

Pershing LLC
(including but not limited to Lockwood Advisors, Inc.;
excluded from Bank of New York Mellon above)

40

PNC Financial Services Group, Inc., The
(including but not limited to PNC Bank, N.A.; excluding PFPC Trust Company
and other affiliates of PNC Global Investment Services, Inc. that are now part of
Bank of New York Mellon above)

30

State Street Bank and Trust Company
(including but not limited to International Fund Services, Investors Financial
Services Corporation, Investors Bank and Trust, and Investors Trust Company)

20

Taunus Corporation/Deutsche Bank Trust Company Americas
(including but not limited to Deutsche Bank Securities Inc.)

6

UBS AG
(U.S.-resident branches only)

21

UBS Financial Services Inc.

59

UBS Securities LLC

60

Union Bancorp/Union Bank of California, N.A.

22

UMB Financial Corporation/UMB Bank N.A.

33

U.S. Bancorp/U.S. Bank N.A.

32

Wachovia Corporation /Wachovia Bank N.A.
(acquired by Wells Fargo & Co. below)

35

Wells Fargo & Co./Wells Fargo Bank, N.A.
(including but not limited to Wachovia Corporation, Wachovia Bank,
A.G. Edwards& Sons, Inc.)

35

U.S.-Resident custodian that is not listed above

99

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APPENDIX G: 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-june2014.pdf

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APPENDIX – H

Technical Information for Electronic Submission

The instruction guide on how to submit through Reporting Central can be found at the link below:

http://www.frbservices.org/files/reporting/pdf/external_user_guide.pdf

47