Exposure Drafts, Comment Letters, and Statements of Position
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Description
The proposed statement recommends certain disclosures by savings and loan associations, as described in paragraph 30, for repurchase and reverse repurchase agreements, including dollar repurchase and dollar reverse repurchase agreements. In addition, the proposed statement of position recommends that mortgage-backed, pass-through certificates be reported separately on the statement of financial condition by savings and loan associations. The proposed statement also recommends that the market value of the mortgage-backed certificates be disclosed in the statement of financial condition or the notes to the financial statements.
Publication Date
1985
Relational Format
Book
Keywords
Mortgage bonds -- United States -- Accounting; Repurchase agreements -- United States -- Accounting; Savings and loan associations -- United States -- Accounting
Disciplines
Accounting | Taxation
Recommended Citation
American Institute of Certified Public Accountants. Committee on Savings and Loan Associations, "Proposed statement of position : Reporting repurchase-reverse repurchase agreements and mortgage-backed certificates by savings and loan associations ;Reporting repurchase-reverse repurchase agreements and mortgage-backed certificates by savings and loan associations; Exposure draft (American Institute of Certified Public Accountants), 1985, Oct. 28" (1985). Exposure Drafts, Comment Letters, and Statements of Position. 484.
https://egrove.olemiss.edu/aicpa_sop/484
Comments
Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.