Take a look at the IRS information page on form 8938 Do I need to file Form 8938, ?Statement of Specified Foreign Financial Assets??
This came out rather late in the game. Basically, they have raised the threshold on this one to $200,000 for a single person and $400,000 for a couple filing jointly - if resident outside the US. (Read through the document - there are a few additional points to consider.)
The 8938 and related forms are to be filed with your income tax returns. These forms are NOT filed separately like the FBARs are. And, if you don't have to file a tax return (usually because your income doesn't meet the threshold requirements) then you don't have to file these forms at all, no matter how much in reportable assets you own.