Skip to content
BOL Conferences
Thread Options
#687572 - 02/15/07 05:11 PM CTR filing with US currency and Foreign currency
WatchDog911 Offline
Junior Member
Joined: Jan 2004
Posts: 32
Under an umbrella on a sandy b...
We have a customer who deposited $9,000 in US currency and $10,000 in EUROS which converted to $12,487.00 in US. In part II box 26 of the CTR we will enter the total amount of currency US and foreign (converted) currency $21,487.00, so in box 26a are we to enter the actual amount of foreign currency which is $10,000 or the convered amount of $12,487.00?

Return to Top
Deposits and Payments
#687708 - 02/15/07 06:22 PM Re: CTR filing with US currency and Foreign currency WatchDog911
Sing A Little Offline
Power Poster
Sing A Little
Joined: Jul 2006
Posts: 3,889
CA
Looks like you'd use US dollars, this is taken right from the CTR instructions:

If foreign currency is exchanged, use the U.S. dollar equivalent on the day of the transaction (See “Foreign exchange rates”),and complete item 26a or 27a, whichever is appropriate.
_________________________
He who sings scares away his woes. ~Cervantes

Return to Top
#687737 - 02/15/07 06:40 PM Re: CTR filing with US currency and Foreign currency Sing A Little
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
The instructions for items 26a and 27a require that you insert the UNCONVERTED amount of foreign currency, so you would put 10000 (note, no currency symbol, and certainly not a $) in item 26a and "EE" in item 29 to indicate which currency is reported.

You are correct to put the total US equivalent amount (21487) without a decimal point or cents in item 26.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top
#687741 - 02/15/07 06:45 PM Re: CTR filing with US currency and Foreign currency John Burnett
WatchDog911 Offline
Junior Member
Joined: Jan 2004
Posts: 32
Under an umbrella on a sandy b...
Makes perfect sense, thank you

Return to Top

Moderator:  John Burnett