| Type of Account |
Form 8938 |
FBAR |
| Financial (deposit and custodial) accounts held at foreign financial institutions |
Yes |
Yes |
| Financial account held at a foreign branch of a U.S. financial institution |
No |
Yes |
| Financial account held at a U.S. branch of a foreign financial institution |
No |
No |
| Foreign financial account for which you have signature authority |
No, unless you otherwise have an interest in the account as described above |
Yes, subject to exceptions |
| Foreign stock or securities held in a financial account at a foreign financial institution |
The account itself is subject to reporting, but the contents of the account do not have to be separately reported |
The account itself is subject to reporting, but the contents of the account do not have to be separately reported |
| Foreign stock or securities not held in a financial account |
Yes |
No |
| Foreign partnership interests |
Yes |
No |
| Indirect interests in foreign financial assets through an entity |
No |
Yes, if sufficient ownership or beneficial interest (i.e., a greater than 50 percent interest) in the entity. |
| Foreign mutual funds |
Yes |
Yes |
| Domestic mutual fund investing in foreign stocks and securities |
No |
No |
| Foreign accounts and foreign non-account investment assets held by foreign or domestic grantor trust for which you are the grantor |
Yes, as to both foreign accounts and foreign non-account investment assets |
Yes, as to foreign accounts |
| Foreign-issued life insurance or annuity contract with a cash value |
Yes |
Yes |
| Foreign hedge funds and foreign private equity funds |
Yes |
No |
| Foreign real estate held directly |
No |
No |
| Foreign real estate held through a foreign entity |
No, but the foreign entity itself is a specified foreign financial asset and its maximum value includes the value of the real estate |
No |
| Foreign currency held directly |
No |
No |
| Precious Metals held directly |
No |
No |
| Personal property, held directly, such as art, antiques, jewelry, cars and other collectibles |
No |
No |
| “Social Security”- type program benefits provided by a foreign government |
No |
No |
