Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How should bank holding companies consolidate their TIC Form S?

April 26, 2017Bank companies consolidate form holding tic

0

Posted

How should bank holding companies consolidate their TIC Form S?

1 Answer

0

Posted

A. Bank holding companies should report all their transactions in long-term securities with foreign residents for the parent holding company and its nonbanking subsidiaries, other than brokers and dealers and insurance underwriting subsidiaries. Brokers and dealers, and insurance subsidiaries should each submit a separate TIC Form S report including all their offices and subsidiaries located in the United States. Banking subsidiaries should each also file a separate TIC Form S report including all their offices and International Banking Facilities (IBFs) located in the United States.