The IRS says in this IRS document. page 8:
You must report the maximum value during the tax year of each specified foreign financial asset reported on Form 8938.
In your case, account A must be reported at $90,000 and account B must be reported at $70,000. The total is $160,000 which is over the threshold of $150,000, requiring you to file form 8938.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
