Form Ffiec 009 - Country Exposure Report Page 19
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36FFIEC 009
• Deposit balances, both interest-bearing and non-
B. Cross-border Claims
interest bearing with:
For purposes of this report, the cross-border claims of
— banks in foreign countries
each reporting institution cover:
— foreign branches of other U.S. banks
— foreign branches of foreign banks
• all claims (as defined in Part III, definition A) of its
— U.S. branches of foreign banks
U.S. offices (including IBFs, Edge and Agreement
corporations, and offices in Puerto Rico and U.S. terri-
• Balances with foreign central banks and foreign offi-
tories and possessions) with residents of foreign coun-
cial institutions
tries regardless of the currency in which the claim is
denominated; and,
• Foreign securities held for the respondent’s own
account
• all claims of each of its offices in a foreign country
with residents of other foreign countries regardless of
• Federal funds sold to foreigners, U.S. branches of
the currency in which denominated.
foreign banks, or other U.S. entities that are branches
of a foreign company or where repayment is guaran-
Since the reports are on a fully consolidated bank (or
teed by a foreign entity
fully consolidated holding company) basis, cross-border
claims exclude any claims against those foreign branches
• Loans to or guaranteed by non-U.S. addresses
or foreign subsidiaries that are part of the consolidated
bank (or consolidated holding company). However,
• Holdings of acceptances of foreign banks
claims on unconsolidated subsidiaries of the reporting
institution would be reported. Thus, if a report is filed on
• Foreign direct lease financing
a consolidated bank basis, claims on foreign subsidiaries
• Investments in unconsolidated foreign subsidiaries and
of its parent holding company would be reported, since
associated companies
such companies would not be included in consolidated
reports of the bank.
• Revaluation gains on interest rate, foreign exchange,
equity, commodity and other off-balance sheet con-
C. Guaranteed Claims
tracts (Reported in schedule 2)
Columns 8–10 and 11–13 ask for information on the
• Customers’ liability on acceptances outstanding where
claims reported in columns 1–3 that are ‘‘guaranteed’’
the account party is foreign
by residents of other countries. For the purposes of this
report, ‘‘guaranteed’’ claims are those cross-border
• Accrued income on credits extended to or guaranteed
claims, as defined above, which a third party located
by non-U.S. addressees (including interest, commis-
outside of the country of the obligor formally and legally
sions and income earned or accrued and applicable to
obligates itself to repay if the direct obligor fails to do so.
current or prior periods, but not yet collected)
Exclude guarantees that do not cover transfer risk. For
• Resale agreements
purposes of this report, claims on a branch (but not on a
subsidiary) of a banking organization are considered as
• Asset sales with recourse
being guaranteed by the head office of the organization.
Acceptances where the accepting bank has sold a risk
• Participations and syndications of loans
participation are considered to be guaranteed by the
Securities held in the available-for-sale portfolio should
purchaser of the participation for the amount of the
be reported at amortized cost for the purposes of this
participation sold. Documents that do not establish firm
report. The total claims on foreigners that must be
legal obligations, such as ‘‘comfort’’ letters, letters of
reported cover cross-border claims as defined in para-
awareness, or letters of intent, are not considered guaran-
graph B, and foreign office local country claims as
tees for the purpose of this report. (As used here, ‘‘com-
defined in paragraph G. Premises, Other Real Estate
fort’’ and other such letters are, by definition, not legally
Owned, and Goodwill should be excluded from claims
binding on the issuer. If the respondent’s legal counsel
for the purposes of this report.
has determined that these documents are binding based
Instructions for Preparation of Reporting Form FFIEC 009
009-4
December 1997
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