For those of you who are US citizens and have money in any foreign banks totaling over $10,000 at any time in a calendar year, you are required to file the FBAR. Go to: http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html
This year is the first time that you must file online. You will need Adobe Reader program on your computer. Also, depending upon the browser you use, several hoops need to be jumped prior to you being able to submit the form.
I would suggest that you take a look now.