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February 18, 2003 TIC B Significant Reporting Changes (Effective beginning with Reports as of February 28, 2003) 1. Overall Changes a.

Brokers and dealers will be required to report most cross-border positions with affiliates (including positions with affiliates of their parents) which are not in the form of long-term securities or derivative contracts. (Depository institutions and bank holding companies/financial holding companies (BHCs/FHCs) already report these positions.) b. The scope of reportable claims and liabilities of domestic customers of depository institutions, BHCs/FHCs, brokers and dealers has been expanded. Customers� items to be reported include offshore sweep agreements, and loans to U.S. residents booked at �managed� foreign offices. The titles of the BL-2 and BQ-1 reports are changed from �Custody� claims and liabilities to �Customers�� claims and liabilities to reflect the fact that items other than traditional �custody� items are included. c. The scope of the reporter�s own claims and liabilities has been expanded and are defined consistently with regulatory reports such as the FR 2950/2951. It includes all amounts in the reporter�s �Due to/due from� accounts, unless in an instrument that is specifically excluded. d. A new form, the BQ-3, will be required for those reporters with $4 billion or more in reportable liabilities on the BL-1 or BQ-2. The form collects data on remaining maturities. 2. BC/BC(SA) a. Claims on foreign official institutions are combined with claims on banks. b. Claims to own foreign offices should be included in either claims on foreign banks or claims to all other foreigners, and in a separate memorandum column. c. A new column to separately report negotiable CDs and other short-term negotiable securities issued by foreign banks. d. A new column to separately report short-term negotiable securities of all other foreigners. e. Elimination of the memorandum row for resale agreements. 3. BL-1/BL-1(SA) a. The reporting of all negotiable instruments is moved to the BL-2. b. The columns for demand deposits and non-transaction accounts are combined.

c. Liabilities to own foreign offices should be included in either liabilities to foreign banks or liabilities to all other foreigners, and in a separate memorandum column. d. A memorandum row for non-interest bearing liabilities is added e. The memorandum row for CDs is eliminated. f. The repurchase agreements memorandum row is eliminated from the semiannual report. 4. BL-2/BL-2(SA) a. Short-term U.S. agency obligations and other negotiable and readily transferable instruments are combined. b. Memorandum cells are added to capture liabilities by sector of U.S. debtor and type instrument. 5. BQ-1 a. Part 1, Reporter�s Own Claims (maturity information) is eliminated. b. New columns to separately report negotiable CDs and other negotiable securities. c. Memorandum rows for commercial paper (included in the other short-term securities columns) and for claims of U.S. banks are added. d. The IBF memorandum row is eliminated. 6. BQ-2 a. New columns to separately report non-negotiable deposits held by foreigners and non-negotiable foreign deposits. b. Memorandum items have been added for negotiable CDs, negotiable short-term securities and positions collateralized through repurchase and reverse repurchase agreements. c. Foreign currency liabilities of the reporter�s domestic customers must now be reported in a new Part 2. d. The assets written off memorandum 7. BQ-3 a. Country code 80101 was renamed �Demand deposits�. In conjunction with this change, columns 2 (Repurchase agreements and other liabilities) and 3 (Loan liabilities) are no longer applicable and have been shaded.

Note: Parts 1.c and 7.a are new since the October 1, 2002 version of this file.