In this paper, we introduce the notion of a (2+1)-dimensional differential equation describing threedimensional hyperbolic spaces (3-h.s.). The (2+1)-dimensional coupled nonlinear Schrodinger equation and its sister equation, the (2+1)-dimensional coupled derivative nonlinear Schrodinger equation, are shown to describe 3-h.s. The (2+1)-dimensional generalized HF model: St = (1/2i [S, Sy] + 2iσS)x, σx = 1-4itr(SSxSy), in which S ∈ GLC(2)/GLC(1)×GLC(1),provides another example of (2+1)-dimensional differential equations describing 3-h.s. As a direct consequence, the geometric construction of an infinite number of conservation laws of such equations is illustrated. Furthermore we display a new infinite number of conservation laws of the (2+1)-dimensional nonlinear Schrodinger equation and the (2+1)odimensional derivative nonlinear Schrodinger equation by a geometric way.