FFIEC 009 - Country Exposure Report Guide¶
Overview¶
The FFIEC 009 (Country Exposure Report) collects detailed information on the distribution, by country, of claims on foreign residents held by U.S. banking organizations.
Filing Requirements¶
Who Files: - U.S. banks with foreign office assets > $30 million - Edge corporations and agreement corporations - Bank holding companies with consolidated claims on foreign residents > certain thresholds
Frequency: Quarterly
OMB Control Number: 7100-0035
Key Schedules¶
Claims are reported on an immediate-counterparty basis (country of the obligor) and redistributed to an ultimate-risk basis (country of the guarantor / collateral). The report comprises Schedule C plus the numbered schedules below.
| Schedule | Description |
|---|---|
| Schedule C — Part I — Claims on an Immediate-Counterparty Basis | Cross-border and foreign-office claims on foreign residents by counterparty country and sector (bank / public / other), including the inward/outward redistribution columns (risk transfers) |
| Schedule C — Part II — Claims on a Guarantor Basis | Claims restated to the country of the guarantor / collateral provider (ultimate-risk basis), plus memorandum items (e.g., held-to-maturity, trading, and risk-transfer detail) |
| Schedule 1 / 1.a | Foreign-Office Liabilities by Country of Foreign Office and by Country of Creditor (with memorandum items) |
| Schedule 2 | Derivatives and foreign-office detail: positive fair value of derivative contracts; claims on related foreign branches with no guarantee from parent; foreign-office claims on local residents and foreign-office liabilities |
Exposure Categories¶
Cross-Border Claims¶
Claims on foreign residents booked at U.S. offices: - Bank claims - Public sector claims - Private nonbank claims
Foreign Office Claims¶
Claims booked at foreign branches/subsidiaries: - Local currency claims - Cross-border claims in other currencies
Derivative Exposures¶
- Current credit exposure
- Potential future exposure
- Credit equivalent amounts
Transfer Risk Classification¶
Claims are reported by country with exposure levels: - Immediate Counterparty Basis: Direct obligor location - Ultimate Risk Basis: Guarantor/collateral location - Transfer Risk: Country of domicile for debt service
Key MDRM Codes¶
| Mnemonic | Item Code | Description |
|---|---|---|
| Various | Country-specific | Claims by counterparty type |
| Various | C-series | Cross-border claims |
| Various | L-series | Liabilities to foreigners |
Country Risk Analysis¶
The FFIEC 009 data enables: - Concentration risk assessment by country - Transfer risk provisioning (ATRR) - Sovereign exposure monitoring - Emerging market risk analysis
Relationship to Other Forms¶
- FFIEC 009a: Supplemental country exposure information report
- FR Y-9C Schedule HC-H: International exposure summary
- Call Report RC-K: Foreign office assets/liabilities
Data Sources¶
- Instructions: FFIEC 009 Instructions
- Form/instructions (Schedule C Part I/II titles verified here): ffiec009-report-form-instructions.pdf — Schedule C—Claims: Part I "Claims on an Immediate-Counterparty Basis"; Part II "Claims on a Guarantor Basis"
- Data Dictionary:
csv/FFIEC_009_COUNTRY_EXPOSURE.csv - Country Codes: ISO 3166 and FIPS country codes
Notes¶
- Confidential report - data not publicly disclosed
- Critical for monitoring geopolitical and sovereign risk
- Requires quarterly restatement when exposure thresholds crossed
- Country classifications follow Federal Reserve guidelines