According to the treaty between the United States and France, the following accounts are NOT considered financial accounts for FBAR filings. Income distributions are reportable when received, though.

Accounts Excluded from Financial Accounts. The following accounts and products established in France and maintained by a French Financial Institution are excluded from the definition of Financial Accounts and therefore are not treated as U.S. Reportable Accounts:

1. Certain Retirement Accounts or Products
   • Products called Article 82, Article 83 Madelin, “Madelin agricole”, “Perp, Pere and Prefon” – Products called Article 39
2. Certain Other Tax-Favored Accounts or Products
   • Regulated savings accounts
     • Livret A and Livret Bleu
     • Livret de Développement Durable
     • Livret d’Epargne Populaire
     • Livret Jeune
     • Plan d’Epargne Logement and Compte d’Epargne Logement
     • Plan d’épargne populaire / PEP
3. Employee savings accounts
   • Accords de participation
   • Plan d’épargne d’entreprise / PEE and Plan d’épargne interentreprises / PEI
   • Plan d’épargne pour la retraite collectif / PERCO and Plan d’ épargne pour la refraite collectif interentreprises / PERCOI
   • Compte courant bloqué

Please note: While these accounts may not be required to be reported on your FBAR Form 114, they may indeed be required to be reported on Form 8938. It’s always safer to report an account that may not need to be reported rather than omit an account for which a minimum $10,000 penalty per account per year may be assessed.