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.

ISBN

ed85-10-28t

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

Comments

Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants; Exposure draft (American Institute of Certified Public Accountants), 1985, Oct. 28

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

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