What are the exemption levels of the TIC SHL and TIC SHLA reports?
The exemption levels for the TIC SHL are as follows: Schedule 1 – All institutions that are notified by FRBNY that they are required to participate in the survey or that issue or hold in custody $100 million or more of U.S. securities owned by foreign residents must file a Schedule 1. Schedule 2 – All U.S.-resident entities must report detailed information on Schedule 2, unless the total fair (market) value of U.S. securities owned by foreign residents for which your institution is responsible for reporting is less than $100 million as of the close of business on June 30. To determine if your organization has met or exceeded the exemption level based on your U.S.-resident consolidated organization, all U.S.-resident units of the U.S. resident entity that meet the filing criteria for U.S.-resident custodian and U.S.-resident issuer should be included. For example, if your reportable custodial holdings total $80 million and the reportable securities that another unit of your organization
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