Federally Mandated Reporting/Disclosure Form
Program Title and Description:
Report of Foreign Bank and Financial Accounts
Who is Responsible for Reporting?
Steve Foucart, CFO
Director, Grants & Foundation Accounting
Where is Report Physically Located?
Financial Services, Carrington 119
What Should be Reported?
The University should report a financial interest in, signature authority, or other authority over one of more financial accounts, including bank, securities, or other types of financial accounts in a foreign country, if the aggregate value of these financial accounts exceeded $10,000 at any time during the calendar year.
When Should it be Reported?
For each calendar year on or before June 30 of the succeeding year
Where is it to be Reported?
U.S. Department of the Treasury
Why Should it be Reported?
Per Treasury Regulation (31 CFR 103)
How is it Reported?
Complete form TD F 90-22.1 and mail to the U.S. Department of the Treasury
If notification is required, how is it reported?