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Deductions & credits
Yes. See IRS Form 8938 instructions on page 6 - https://www.irs.gov/pub/irs-pdf/i8938.pdf
Specified Foreign Financial Assets
Specified foreign financial assets include the following assets.
1. Financial accounts maintained by a foreign financial institution.
2. The following foreign financial assets if they are held for investment and not held in an account maintained by a financial institution:
a. Stock or securities issued by someone that is not a U.S. person (including stock or securities issued by a person organized under the laws of a U.S. possession),
b. Any interest in a foreign entity, and
c. Any financial instrument or
contract that has an issuer or
counterparty that is not a U.S. person
(including a financial contract issued by,
or with a counterparty that is, a person
organized under the laws of a U.S.
possession).