Instructions for Form FFIEC002S Report of Assets and Liabilities of a Non-U.S. Branch That Is Managed or Controlled by a U.S. Branch or Agency of a Foreign (Non-U.S.) Bank

Form FFIEC002S Report of Assets and Liabilities of a Non-U.S. Branch That Is Managed or Controlled by a U.S. Branch or Agency of a Foreign (Non-U.S.) Bank

This document contains official instructions for Form FFIEC002S , Report of Assets and Liabilities of a Non-U.S. Branch That Is Managed or Controlled by a U.S. Branch or Agency of a Foreign (Non-U.S.) Bank - a form released and collected by the Federal Financial Institutions Examination Council. An up-to-date fillable Form FFIEC002S is available for download through this link.

FAQ

Q: What is Form FFIEC002S?
A: Form FFIEC002S is a report that provides information about the assets and liabilities of a non-U.S. branch that is managed or controlled by a U.S. branch or agency of a foreign bank.

Q: Who is required to file Form FFIEC002S?
A: The U.S. branch or agency of a foreign bank that manages or controls a non-U.S. branch is required to file Form FFIEC002S.

Q: What information does Form FFIEC002S include?
A: Form FFIEC002S includes information about the assets and liabilities of the non-U.S. branch, as well as other relevant details such as changes in ownership and accounting practices.

Q: Is Form FFIEC002S required to be filed regularly?
A: Yes, Form FFIEC002S is required to be filed quarterly.

Q: Are there any penalties for non-compliance with Form FFIEC002S?
A: Yes, there may be penalties for non-compliance with Form FFIEC002S, including fines and other enforcement actions.

Q: Can I use Form FFIEC002S to report on multiple non-U.S. branches?
A: No, separate Form FFIEC002S reports should be filed for each non-U.S. branch.

Q: Are there any exemptions from filing Form FFIEC002S?
A: There are certain exemptions available for small non-U.S. branches, but it is best to consult the instructions or seek professional advice to determine if you qualify for any exemptions.