- NEW FAQs and Flowcharts for reporting responsibilities are below.
- (6-27-2011) SLT reporting will begin with the report as of September 30, 2011, instead of June 30 as originally proposed. Thus there will be two quarterly reports as of September 30 and December 31, 2011, and then reporting will change to a monthly basis beginning with the report as-of January 31, 2012. The final Form SLT and Instructions are available below. Since the final draft instructions, clarifications were made in the glossary definition of Direct Investment, including limited partnerships. OMB approved the data collection in June 2011.
Additional Information:
Seminar Information:The Federal Reserve Bank of New York held a seminar on April 5, 2011, to train reporters how to correctly complete the new TIC SLT positions report. You may view the
webcast of the seminar, and also down load the
items handed out at the seminar, until October 20, 2011.
-- Key topics were: Why the new report is needed; Who should report (U.S. custodians; U.S. end-investors, including investment managers, pension funds and foundations; and issuers of U.S. securities); Consolidation rules and exemption levels; How to determine the residence of the issuer or holder; What types of securities should be reported and how they should be reported; Electronic submission of the report.
Description of Form SLT:
The TIC Form SLT 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 long-term U.S. securities held by foreign residents and long-term foreign securities held by U.S. residents. This information will be used by the U.S. Government in the formulation of U.S. international financial and monetary policies and for the preparation of the U.S. balance of payments accounts and the U.S. international investment position.
Who Reports on Form SLT:
U.S.-resident custodians of securities, U.S.-resident issuers of long-term U.S. securities, and U.S.-resident end-investors in long-term foreign securities. These include banks, other depository institutions, securities brokers and dealers, investors, nonbanking business enterprises, funds, investment managers and other entities in the U.S. who deal with cross-border holdings of long-term securities. (In the instructions, see General Instructions, Sections A, B and C on "Who Must Report" for more details.)