(REVISED 4-25-2013) The Effective Date is changed to DECEMBER 2013, from June 2013, for the Proposed Revisions [FYI: This is the 2nd change; it supersedes the March 27 change of the effective date to September 2013.]:
- The Federal Register Notice of January 2013
announced revisions to each form. Revisions are proposed for all TIC B and TIC C forms, to become effective for reports as of December 2013 and afterwards. The proposals include a significant shift of the reporting panel from the C forms to the B forms -- with the result that all financial institutions will report on the B forms. Comments from the public were due by March 4, 2013.
- Proposed Form BC (effective for reports as-of December 2013 and thereafter) -- Own U.S. Dollar Claims.
- Proposed Form BL-1 (effective for reports as-of December 2013 and thereafter) -- Own U.S. Dollar Liabilities.
- Proposed Form BL-2 (effective for reports as-of December 2013 and thereafter) -- Customers' U.S. Dollar Liabilities.
- Proposed Form BQ-1 (effective for reports as-of December 2013 and thereafter) -- Customers' U.S. Dollar Claims.
- Proposed Form BQ-2 (effective for reports as-of December 2013 and thereafter) -- Own and Customers' Foreign Currency Claims and Liabilities.
- Proposed Form BQ-3 (effective for reports as-of December 2013 and thereafter) -- Maturities of own Liabilities and Claims.
- Proposed Instructions for all B-Forms (effective for reports as-of December 2013 and thereafter).
-- (03-12-2013) Appendix B: Geographical Classification (revised for December 2013) with codes for foreign countries, areas, and organizations.
-- Appendix C: Selected foreign official institutions (revised for December 2013).
Current Forms and Instruction Now in Effect:
- Final Form BC (effective for reports as-of June 2006 through November 2013) -- Own U.S. Dollar Claims.
- Final Form BL-1 (effective for reports as-of June 2006 through November 2013) -- Own U.S. Dollar Liabilities.
- Final Form BL-2 (effective for reports as-of June 2006 through November 2013) -- Customers' U.S. Dollar Liabilities.
- Final Form BQ-1 (effective for reports as-of June 2006 through November 2013) -- Customers' U.S. Dollar Claims.
- Final Form BQ-2 (effective for reports as-of June 2006 through November 2013) -- Own and Customers' Foreign Currency Claims and Liabilities.
- Final Form BQ-3 (effective for reports as-of June 2006 through November 2013; no change from previous form) -- Maturities of own Liabilities.
- Final Instructions for all B-Forms (effective for reports as-of June 2006 through November 2013) (Mar. 10, 2006).
-- Appendix B: Geographical Classification (Jan. 2006) with codes for foreign countries, areas, and organizations.
-- Appendix C: Selected foreign official institutions (revised June 2008).
Seminar Information:The Federal Reserve Bank of New York held a seminar on September 20, 2006
( agenda ), that provided: an overview of reporting requirements for the S-Form and the various B-Forms; lists of
common reporting errors for the B and S reports; and discussions of how TIC B and S data are edited by FRS staff.
Description:
The TIC B-forms are part of the Treasury International Capital (TIC) data reporting system, which is required by law (22 U.S.C. 286f; 22 U.S.C. 3103; E.O. 10033; 31 C.F.R. 128), and are designed to collect timely and reliable information on the international portfolio capital claims and liabilities of U.S. banks and securities brokers and dealers with foreigners. This information is necessary for compiling the U.S. balance of payments accounts and the U.S. international investment position, and for formulating U.S. international financial and monetary policies.
Who Reports on the B-forms:
Depository institutions (see Part I.D of the instructions for list of organizations included); bank holding companies and financial holding companies (BHCs/FHCs); and securities brokers and dealers, regardless of their affiliations with other entities.
Historical Forms and Instructions:
- previous form BC (effective for reports as-of February 2003 through May 2006).
- previous form BL-1 (effective for reports as-of February 2003 through May 2006).
- previous form BL-2 (effective for reports as-of February 2003 through May 2006).
- previous form BQ-1 (effective for reports as-of February 2003 through May 2006).
- previous form BQ-2 (effective for reports as-of February 2003 through May 2006).
- previous form BQ-3 (effective for reports as-of February 2003 through May 2006).
- previous instructions (effective for reports as-of February 2003 through May 2006). [This link was restored in Feb. 2013 after being lost in the 2010 redesign of the Treasury website.]
- The previous semiannual forms BC(SA), BL-1(SA), and BL-2(SA) were eliminated after the reports as-of December 31, 2005.
- Historical TIC B-Forms and instructions for reports as-of January 2003 and before. [This link was restored in Feb. 2013 after being lost in the 2010 redesign of the Treasury website.]