TIC S-Form and Instructions


 
 
(NEW, 02-21-2023) The S-form is Discontinued, but the record keeping requirements continue.
  • (NEW 02-21-2023) Notice to All Institutions Responsible for the Preparation and Submission of the TIC S Form, Purchases and Sales of Long-Term Securities by Foreign-Residents.
    The monthly TIC S form will be discontinued, with as-of date 01/31/2023 being the last reporting month. Reporting Central will not display the TIC S report starting with as-of date 02/28/2023 onwards. Please note, institutions will still have the ability to revise data from historical submissions, if necessary.
    As stated in the TIC S instructions under Data Retention Period, institutions that previously filed the TIC S form are required to keep records for 3 years to respond to any potential inquiries regarding historical submissions.
    The Department of Treasury and the Federal Reserve Bank of New York thank filers of the TIC S form for the many years of reporting. Please reach out with any questions or concerns at ny.ticsubmission@ny.frb.org and CC any of your FRBNY analysts for assistance.
     
 
Expired Form S previously in effect for reports as-of November 2022 through January 2023:
  • (NEW, 12-20-2022, one change) Form S, Purchases and Sales of Long-Term Securities by Foreign-Residents. The form is effective for reports as-of November 2022 and afterwards. (The only change from the previous version, that was in effect for reports as-of December 2013 through October 2022, is the name change from Swaziland to Eswatini in the country list for Africa.)
    -- On 12-20-2022, one change is made in the Country List on the Form: the name “Swaziland” is changed to “Eswatini”. The TIC country code is unchanged because this is just a name change. This revision applies to all TIC reporting forms. This revision is effective beginning with reports as of November 2022, OR as of December 2022 if your report for November is already prepared. [FYI: Previously, “Swaziland” was before Tanzania in the country list for Africa; now “Eswatini” is before Ethiopia in the county list for Africa.]
  • Instructions for the S-Form , effective for reports as-of April 2017 and afterwards. The changes add instructions for certain private funds that reported to the Bureau of Economic Analysis (BEA) before January 2017; add clarification of instructions regarding short-sales of borrowed securities; update the “Who Must Report” section and the “Consolidation Rules” section of the instructions to list out separately “Intermediate Holding Companies (IHCs)”, “principal trading firms” and “fund administrators”; and add some other clarifications in the instructions that are described in the Federal Register Notice.
    -- The TIC Glossary of March 2018. The glossaries for all Treasury International Capital (“TIC”) reports are consolidated into a separate document which provides more consistency across the TIC system.
    The following is more information on the lists of countries and foreign official institutions:
    -- Geographical Classification (revised for reports beginning as-of November 2022) with codes for foreign countries, areas, and organizations.
    -- Selected foreign official institutions (revised for reports beginning as-of November 2022).
  • (UPDATE, 01-31-2022) Form S and Instructions were renewed without change except change in expiration date to January 31, 2025. The Federal Register Notice of March 19, 2021 proposed no changes in Form S or the instructions.
 
Expired Form S previously in effect for reports as-of December 2013 through October 2022:
  • Form S, Purchases and Sales of Long-Term Securities by Foreign-Residents.
  • Federal Register Notice of February 22, 2017 described the revisions, effective for reports beginning as-of April 2017.
 
Expired Form S and Instructions previously in effect for reports as-of June 2014 through March 2017:
  • The Federal Register Notice of February 12, 2014 described the changes, effective for reports as of June 2014 through March 2017.
  • Form S , Purchases and Sales of Long-Term Securities by Foreign-Residents. There were no changes; the form is effective for reports as-of December 2013 and afterwards.
  • Instructions for Form S , effective for reports as-of June 2014 through March 2017. There was a major reorganization of the instructions to be consistent with the format and style of other TIC instructions. The major changes in the instructions are: (i) The exemption level for total reportable transactions is raised from $50 million to $350 million (see page 7 of the instructions); (ii) The TIC glossary is a separate document to be used for all TIC reports; and (iii) Under electronic submission of reports, the Federal Reserve System’s “Reporting Central” replaces mention of the previous “Internet Electronic Submission (IESUB) system.”
    -- The TIC Glossary. The glossaries for all Treasury International Capital (“TIC”) reports are consolidated into a single and separate document which  provides more consistency across the TIC system.
    The following is more information on the lists of countries and foreign official institutions:
    -- Geographical Classification (revised for reports as of December 2013) with codes for foreign countries, areas, and organizations.
    -- Selected foreign official institutions (revised for reports as of December 2013).
 
Expired Form S and Instructions previously in effect for reports as-of December 2013 through May 2014. 
  • There was no federal register notice for this update of the country list. The revision of the country list for all TIC reporting forms is effective for reports as of December 2013 and afterwards. [FYI: On 4-25-2013, the effective date was changed to December 2013, from June 2013, for the revision of the country list.]
  • Form S (effective for reports as-of December 2013 and afterwards) -- Foreigners' Purchases and Sales of Long-Term Securities.
  • There were no changes to the Instructions for Form S, effective for reports as-of June 2011 through May 2014.
  • The following is more information on the new lists of countries and foreign official institutions:
    -- Geographical Classification (revised for December 2013) with codes for foreign countries, areas, and organizations.
    -- Selected foreign official institutions (revised for December 2013).
 
Expired Form S previously in effect for reports as-of June 2011 through November 2013:
  • The Federal Register Notice of October 2010 described the proposed changes to the form in 2011
  • Form S , Foreigners' Purchases and Sales of Long-Term Securities. The form is effective for reports as-of June 2011 through November 2013. The changes made were minor: two column titles are changed to clarify the content ("U.S. equities" replaces the word "stocks"  and  "foreign equities" replaces "foreign stocks" in the titles of columns 7-8 and 11-12, respectively); a few country codes are corrected (e.g. Greenland, Eastern Caribbean Central Bank, Bank of Central African States); and the style is made uniform across the pages.
  • Instructions for Form S, effective for reports as-of June 2011 through May 2014.
 
Previous Expired Forms and Instructions:
  • March 2009 Form S , previously in effect for reports as-of March 2009 through May 2011.
  • Form S Instructions , previously in effect for reports as-of March 2009 through May 2011. The instructions include the changes mentioned in the Sept. 2008 Federal Register Notice, as well as numerous clarifications that affected almost every section of the instructions. One clarification explained 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.
 
Additional Information:
 
Seminar Information:
The Federal Reserve Bank of New York held a seminar on September 20, 2006 ( agenda ), 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, funds, 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: