NOTICE (NEW 4-3-2009) OMB has approved the final drafts of Form S
and the instructions. They are now final, and will be effective beginning with the
report as-of March 2009.
(Sept. 2008) The
Federal Register Notice of September 2008
announced the proposed changes to Form S and instructions. The proposed changes are described
in the section called current actions, in the first column
of page 55206.
(NEW 4-3-2009)
Final new Form S,
to be effective beginning with the report as-of March 2009.
(NEW 4-3-2009)
Final new S-Instructions,
to be effective beginning with the report as-of March 2009.
The new instructions include the changes mentioned in the
Sept. 2008 Federal Register Notice, as well as numerous
clarifications that affect almost every section of the instructions.
One clarification explains the reporting responsibilities
for the different roles in an organization (e.g. brokers,
dealers, prime brokers, underwriters, end-investors, paying
agents, custodians, fund managers, investment managers,
and issuers); see sections B (page 5) and L (page 17) and
the flowcharts in appendix III.
End NOTICE
Form and Instructions:
Final
(effective for reports as-of June 2006 and thereafter) --
Foreigners' Purchases & Sales of Long-Term Securities.
Final
(Dec. 2000).
-- Clarification of Reporting
Responsibilities; factsheets and flowcharts.
(08/02/05)
--
(Jan. 2006) with codes for foreign countries, areas, and
organizations.
--
(revised June 2008).
Additional Information:
(01-24-2007) for Form S.
Federal Register Notice: public notice of proposed revisions
to the form,
Seminar Information:
The Federal Reserve Bank
of New York held a seminar on September 20, 2006 (
), 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 Form S is 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
is designed to gather timely and reliable information on cross-border
purchases and sales of long-term domestic and foreign securities
by foreigners in transactions with U.S. persons. 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 Form S:
Banks, other depository institutions, securities brokers and dealers,
investors, nonbanking business enterprises, and other entities in
the U.S. who deal directly with foreign residents in purchases and sales
of long-term securities. (In the instructions, see General Instructions,
Section B "Who Must Report" for list of organizations.)
Historical Forms and Instructions:
(effective for reports as-of January 2001 through May 2006).
(effective for reports as-of January 2001 and thereafter).
announced the proposed changes to Form S and instructions. The proposed changes are described
in the section called current actions, in the first column
of page 55206.