@Anna while I agree with @Anonymous_ that you can choose not to file the form 8938 ,but given (a) dependency on the exchange rate and fluctuations thereof ,(b) your bank would report this anyways ( assuming that most foreign banks are FATCA compliant ), (c) nil tax impact, (d) FBAR reporting anyways and (e) onerous penalties for wilful disregard of requirement to report, I would humbly suggest just spend a few extra minutes of effort an report this -- you are too close for comfort , especially if the bank is from a country IRS wants to pay attention to . It is safer to report and get this over with , please
pk
