Form Ffiec 009 - Country Exposure Report Page 17
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36FFIEC 009
obligor to identification of guarantor, the separate totals
• a majority-owned subsidiary in a foreign
of columns 11–13 will not necessarily equal the respec-
country;
tive separate totals of columns 8–10.
• an Edge or Agreement subsidiary
• a branch in Puerto Rico or in any U.S. territory
Schedule 2 has three sections: The first section (columns
or possession (except that a bank with its head
1–4) calls for the respondent’s outstanding claims on
office in Puerto Rico or any U.S. territory or
foreigners that represent the revaluation gains from the
possession need not report if it meets only this
marking to market of interest rate, foreign exchange, and
criterion);
other off-balance sheet commodity and equity contracts
• an International Banking Facility (IBF);
held for trading purposes. This total for each country is
broken down by the sector of borrower (bank, public,
and
and all other). The second section (column 5), a memo-
randum item, identifies the claims on bank obligers’
b. has, on a fully consolidated bank basis, total
branch offices that represent transfer risk remaining in
outstanding claims on residents of foreign coun-
the countries in which the branches are located. (As in
tries exceeding $30 million in aggregate.
schedule 1, claims on bank branches are assumed to
carry the credit ‘‘guarantee’’ of their head office). The
(2) Every U.S. bank holding company that is required to
third section (columns 6–7) is optional and calls for
file the F.R. Y-6 report (Bank Holding Company
foreign office revaluation gains on local residents (local
Annual Report) and that owns only one bank satisfy-
country assets) and foreign office revaluation losses that
ing the bank reporting criteria in item 1:
represent legal liabilities solely of the foreign office
(local country liabilities).
(a) must file the report on a fully consolidated hold-
ing company basis if the subsidiary bank
accounts for less than 90 percent of the consoli-
Part II—General Instructions
dated holding company’s total claims on foreign-
ers; in this case, no report need be filed for the
A. Who Must Report
individual bank;
The Country Exposure Report is required each quarter
(b) may file the report, at its option, for either the
for commercial banks and/or bank holding companies
individual bank on a fully consolidated bank
meeting the criteria listed below. Respondents must also
basis, or for the holding company on a fully
complete Schedule 2 of the report if they show on the
consolidated bank holding company basis (with
Call Report as of December 31 of the previous year:
no report for the bank), if the subsidiary bank
a) total gross notional amount of derivative contracts
accounts for 90 percent or more of the consoli-
held for trading (item 15, columns A, B, C, and D on
dated holding company’s claims on foreigners.
Schedule RC-L) in excess of 10 billion dollars, OR;
b) gross fair values of derivative contracts held for
(3) Every U.S. bank holding company that is required to
trading (item 17 (1), columns A, B, C, and D on Sched-
file the F.R. Y-6 (Bank Holding Company Annual
ule RC-L) in an amount greater than 5 percent of their
Report) and that owns two or more banks satisfying
total assets. All institutions meeting the reporting require-
the bank reporting criteria:
ments for Schedule 2 must also submit Schedule 1.
(a) must file a separate report on a consolidated bank
The reporting criteria for Schedule 1 is as follows:
basis for each bank that meets the reporting
(1) Every U.S. chartered insured commercial bank in
criteria; and
the 50 States of the United States, the District of
(b) must file a report for the bank holding company
Columbia, Puerto Rico, and U.S. territories and pos-
on a consolidated holding company basis if
sessions, that meets both of the following criteria:
reporting subsidiary banks account for less than
a. has at least one of the following:
90 percent of the consolidated company’s total
• branch in a foreign country;
claims on foreigners.
Instructions for Preparation of Reporting Form FFIEC 009
009-2
December 1997
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