Own foreign offices

Own foreign offices

U.S. reporting institutions' parent organizations, branches, and/or majority owned subsidiaries located outside the United States.

Own Foreign Offices

In U.S. tax, a category for any company related to an American company that is based outside the United States. That is, if a company reporting American taxes has a parent company, subsidiary, or branch overseas, it must report the income of these companies under "own foreign offices."
References in periodicals archive ?
Adjusted to exclude net claims on their own foreign offices. Source: Federal Reserve Board, Structure and Share Data for U.S.
exchanges 25,381 34,233 Addenda: Net fair value of contracts: 58 With own foreign offices 19,594 26,584 59 With foreign official institutions 4,909 -2,753 60 Between U.S.
exchanges 35,391 25,666 Addenda: Net fair value of contracts: 58 With own foreign offices 24,910 9,824 59 With foreign official institutions -3,129 -3,800 60 Between U.S.
exchanges 27,523 25,351 Addenda: Net fair value of contracts: 58 With own foreign offices. 20,814 28,254 59 With foreign official institutions 203 2,526 60 Between U.S.
exchanges 30,377 47,090 Addenda: Net fair value of contracts: 58 With own foreign offices 25,991 17,451 59 With foreign official institutions 1,849 -291 60 Between U.S.
exchanges 15,060 19,653 Addenda: Net fair value of contracts: 49 With own foreign offices 1,507 6,395 50 With foreign official institutions 967 249 51 Between U.S.
assets.) 1997 1 Total (table 1, line 54) 141,118 By type: 2 Banks' own claims -129,378 3 Payable in dollars -108,300 By borrower: Claims on: 4 own foreign offices -90,111 5 unaffiliated foreign banks 4,452 6 foreign public borrowers(1) 1,635 7 other private foreigners -24,276 By type of reporting institution:(2) U.S.-owned banks' claims on: 8 own foreign offices -24,085 9 unaffiliated foreign banks 1,218 10 other foreigners -4,131 Foreign-owned banks' claims on: 11 own foreign offices -66,026 12 unaffiliated foreign banks -4,024 13 other foreigners -10,319 U.S.
The increase primarily reflected especially strong lending, mostly in dollars, to banks' own foreign offices in Europe and the Caribbean and, to a much lesser extent, to international bond mutual funds in the Caribbean and to several emerging countries in Latin America.
The reversal was more than accounted for by a shift to decreases in U.S.-owned banks' claims on their own foreign offices and, to a lesser extent, in foreign-owned banks' claims on their own foreign offices.
The decrease was more than accounted for by a $13.9 billion decrease in foreign-owned banks' liabilities to their own foreign offices abroad and to unaffiliated foreign banks; sizable borrowings during the first half of the year were partly repaid, and foreign-owned banks reversed the recent booking of international loans at their U.S.
Banks at Yearend [Billions of dollars] 1995 1996 Total bank reported claims 768.1 864.1 Bank own claims, payable in dollars 532.4 600.7 On unaffiliated foreign banks 101.6 113.5 On own foreign offices 307.4 342.5 On other foreigners 123.4 144.7 Bank customer claims, payable in dollars 155.5 182.3 Total claims payable in foreign currencies 80.2 81.1