Quarterly Fed Reporting (Call Report) Manager of Financial Reporting Tim Beer Presented by Hussein...

Quarterly Fed Reporting (Call Report)Quarterly Fed Reporting (Call Report)

Manager of Financial Reporting

Tim Beer

Presented by Hussein Elkhatib

FR Y-9C Report Cont’dFR Y-9C Report Cont’d

Reported To: Federal Reserve

Purpose: To asses and monitor the financial condition of the

bank holding company organization which may include parent, bank and non-bank entity.

To monitor financial institutions between on-site inspection.


Background: Initiated as FR Y9 in 1998.Revised to parallel the call report for commercial

banks.Split into 2 reports in 1986:

a) FR Y9C (Consolidated Statement).

b) FR Y9LP(Parent Comp Statm’t).


Background: In 1990, several schedules were added to

allow the Risk Based Capital Calculation. In 2006, asset’s threshold for filing increased

to $ 500 million.


Regulation: This report is required under regulation Y and the Bank

Holding Company Act of 1956 as amended. Bank holding companies with total consolidated assets of

$ 500 million or more are required to file FR Y-9C. Bank Holding Companies meeting certain criteria must file

this report (FR Y-9C), regardless of their size.

Frequency: Quarterly, as of the last day of the quarter.

FR Y-9C Report SchedulesFR Y-9C Report Schedules

Report of Income for Bank Holding Companies (Schedule Breakdown)

Schedule HI Consolidated Income Statement

Schedule HI-A Changes in Equity Capital

Schedule HI-B Charge-Offs and Recoveries on Loans and Leases and Changes in Allowance for Loan and Lease Losses

Notes to the Income Statement Financial Items

Notes to the Income Statement-Other

FR Y-9C Report SchedulesFR Y-9C Report SchedulesConsolidated Financial Statm’t for Bank Holding

Companies (Schedule Breakdown)Schedule HC Consolidated Balance sheet

Schedule HC-B Securities

Schedule HC-C Loans & Lease Financing Receivables

Schedule HC-D Trading Assets & Liabilities

Schedule HC-E Deposit Liabilities

Schedule HC-F Other Assets

Schedule HC-G Other Liabilities

Schedule HC-H Interest Sensitivity


Consolidated Financial Statm’t for Bank Holding Companies (Schedule Breakdown) Cont’d

Schedule HC-I Ins Related Underwriting Activities

Schedule HC-K Quarterly Averages

Schedule HC-L Derivatives & Off-Balance Sheet Items

Schedule HC-M Memoranda

Schedule HC-N Past Due and Non accrual Loans, Leases and Other Assets

Schedule HC-P Closed-End 1-4 Family RMB Activities in Domestic Offices

Schedule HC-Q Financial Assets & Liabilities Measured at Fair Value

Schedule HC-R Regulatory Capital


Consolidated Financial Statm’t for Bank Holding Companies (Schedule Breakdown) Cont’d

Schedule HC-S Servicing, Securitization, and Assets Sale Activities

Notes to Balance Sheet Financial Items

Notes to Balance Sheet-Other


Schedule HI- Consolidated Income Statement

1. Interest Income

2. Interest Expense

3. Net Interest Income

4. Provision For Loan and Lease Losses

5. Non Interest Income

6. Realized gain (losses) from Held to Maturity securities

Realized gain (Losses) from available-for-sale Securities

7. Non Interest Expense

8. Income (Loss) before Income taxes and Extraordinary items and other adjustments

9. Applicable Income Taxes (Foreign and Domestic)

10. Minority Interest

11. Income (Loss) before extraordinary Items and other adjustments

12. Extraordinary items, net of applicable taxes and minority interest

13. Net Income (Loss)

FR Y-9C Report HI-AFR Y-9C Report HI-ASchedule HI-A Changes in Equity Capital

1 Previous Year Equity Capital

2 Restatement due to correction of material accounting errors and changes in accounting principles

3 Balance end of previous year as restated

4 Net Income (Loss)

5 Sale of perpetual preferred stock

6 Sale of common stock

7 Sale of treasury

8 Less: Purchase of treasury Stock

9 Changes incident to business combination

10 Less: cash dividends declared on Preferred

11 Less: cash dividends declared on Common stock

12 Other comprehensive income

13 Changes to the offsetting debit to the liability for employee stock ownership plan

14 Other Adj to equity capital

15 Total Equity Capital End of Current Year (Yellow minus Pink)

FR Y-9C Report HI-BFR Y-9C Report HI-BSchedule HI-B- Charge-Offs & Recoveries on Loans & Lease & Changes in Allowance For Loan & Lease Losses

I Charge-Offs & Recoveries On Loan & Leases Charge-offs Recoveries1 Loan Secured by Real Estate:

a. Construction, Land Development, and other Land Loans in domestic offices:b. Secured by Farm Land in domestic Officesc. Secured by 1-4 family residential properties in domestic Offices

(1) Revolving, open-end Loans Secured by 1-4 family residential properties in domestic Offices & extended under lines of Credit (2) Closed-end Loans Secured by 1-4 family residential properties in domestic offices:

(a) Secured by first Liens

(b) Secured by junior Liens

d. Secured by multifamily ( 5 or more) residential properties in domestic offices

e. Secured by nonfarm nonresidential properties in domestic offices

f . In domestic offices

2 Loans to depository institutions and acceptances of other banks:

a. To U.S. banks and other U.S. depository institutions

b.To Foreign banks

3 Loans to finance agricultural production and other loans to farmers

4 Commercial & Industrial Loans:

a. To U.S addresses (domicile)

b. To non-U.S addresses (domicile)

5 Loans to individuals for household, family, and other personal expenditures:

a. Credit Cards

b. Other (includes single payment, installment, all student loans and revolving credit plans other than credit cards

6 Loans to foreign governments & official institutions

7 All other Loans

8 Lease Financing Receivables

a. Leases to individuals for household, family, & other personal expenditures

b. All other Leases

9 Total Sum 1-8 Sum 1-8

FR Y-9C Report Schedule HI-B Cont’dFR Y-9C Report Schedule HI-B Cont’d

Beg. Allow. Bal. RecoveriesProv for

Loan & Lease Losses

Adjustment Charge-Offs Write-downs

Changes in Allowances for Loan & Lease Losses

Balance @ End of Current Period

FR Y-9C Report Schedule HCFR Y-9C Report Schedule HC

Schedule HC- Consolidated Balance Sheet- Assets1. Cash and Balances due From Depository Institutions:

a. Noninterest-bearing balances and Currency and Coin

b. Interest-bearing balances:

(1) In U.S. Officies

(2) In foreign officies, Edge and Agreement Subsidaries, and IBFs

2. Securities:

a.Held-to-maturity securities

b. Available-for-sale securities

3. Federal Funds Sold and Securities Purchased Under agreements to resell:

a. Federal Funds Sold in Domestic Offices

b. Securities Purchased under agreements to resell

4. Loans and Lease Financing Receivables:

a. Loans & Leases held for sale

b. Loans & Leases, net of unearned Income

c. LESS: Allowance for Loan & Lease Losses

d. Loan & & Leases net of Unearned Income and Allowances

5. Trading assets

6. Premises and Fixed assets (including Capitalized Leases)

7. Other Real Estate Owned

8. Investment in Unconsolidated Subsidiaries & Associated Companies

9. Intangible Assets:

a. Goodwill

b. Other Intangible Assets

10. Other Assets

11. Total assets (SUM 1-10)

FR Y-9C Report Schedule HC cont’dFR Y-9C Report Schedule HC cont’d

Schedule HC- Consolidated Balance Sheet-Liabilities1. Deposits:

a. In Dmestic Officies

(1) Noninterest-bearing

(2) Interest-bearing

b. In Forign Officies, Edge & Agreement Subsidaries, & IBFs:

(1) Noninterest-bearing

(2) Interest-bearing

2. Federal Funds Purchased & Securities Sold Under Agreements to Repurchase:

a. Federal Funds Purchased in Domestic officies

b. Securities Sold Under Agreement to Repurchase

3. Trading Liabilities

4. Other Borrowed Money

5.a. Subordinated Notes & Debentures

b Subordinated Nots payable to unconsolidated Trusts Issuing Trust prefferred Securities, & Trust Preferred Securities

Issued by Consolidated Special Purpose Entities

6. Other Liabilities

7. Total Liabilities (Sum1-6)

FR Y-9C Report Schedule HC Cont’dFR Y-9C Report Schedule HC Cont’d

Schedule HC- Consolidated Balance Sheet-Equity Capital

1. Perpetual Preferred stock & Related Surplus

2. Common Stock (Par Value)

3. Surplus (Exclude all surplus Related to Preferred Stock)

4 a. Retained Earnings

b. Accumulated Other Comprehensive Income

5. Other Equity Capital Components

6. Total Equity Capital (Sum 1-5)

7. Total Liabilities, Minority Interest, and Equity Capital

FR Y-9C Report Schedule HC-BFR Y-9C Report Schedule HC-B

Schedule HC-B- Securities

Held-to-Maturity Available-for-Sale1 U.S. Treasury Securities

2 U.S Government agency Obligations (exclude Mortgage Backed-Securities):

a: Issued by U.S Government Agencies

b: Issued by U.S. Government Sponsored Agencies

3 Securities Issued by States and Political Subdivisions in the U.S

4 Mortgage-backed Securities:

a. Pass-Through Securities:

(1) Gurateed by GNMA

(2) Issued by FNMA & FHLMC

(3) Other pass-through Securities

b. Other Mortgage-backed Securities (include CMO,REMIC, MBS)

(1) Issued or Guranteed by FNMA, FHLMC, or GNMA

(2) Collateralized by MBS Issued or Guranteed by FNMA, FHLMC, or GNMA

(3) All other Mortgage-backed Securities

5 Asset-backed Securities (ABS)

6 Other debt Securities:

a. Other Domestic debt Securities

b. Foreign Debt Securities

7 Investments in Mutual Funds and other Equity Securities with readily determine FV

8 Total Securities (SUM 1-7)

FR Y-9C Report HC-CFR Y-9C Report HC-C

Schedule HC-C – Loans and Lease Financing Receivables

CONS Domestic Offices1 Loan Secured by Real Estate:

a. Construction, Land Development, and other Land Loans in domestic offices:b. Secured by Farm Land in domestic Officesc. Secured by 1-4 family residential properties in domestic Offices

(1) Revolving, open-end Loans Secured by 1-4 family residential properties in domestic Offices & extended under lines of Credit (2) Closed-end Loans Secured by 1-4 family residential properties in domestic offices:

(a) Secured by first Liens

(b) Secured by junior Liens

d. Secured by multifamily ( 5 or more) residential properties in domestic offices

e. Secured by nonfarm nonresidential properties in domestic offices

f . In domestic offices

2 Loans to depository institutions and acceptances of other banks:

a. To U.S. banks and other U.S. depository institutions

b.To Foreign banks

3 Loans to finance agricultural production and other loans to farmers

4 Commercial & Industrial Loans:

a. To U.S addresses (domicile)

b. To non-U.S addresses (domicile)

5 Loans to individuals for household, family, and other personal expenditures:

a. Credit Cards

b. Other (includes single payment, installment, all student loans and revolving credit plans other than credit cards

6 Loans to foreign governments & official institutions

7 All other Loans

8 Lease Financing Receivables

a. Leases to individuals for household, family, & other personal expenditures

b. All other Leases

9 Total Sum 1-8 Sum 1-8

FR Y-9C Report Schedule HC-DFR Y-9C Report Schedule HC-DSchedule HC-D- Trading Assets & Liabilities

Asset1 U.S. Treasury Securities in Domestic Offices

2 U.S Government Agency Obligations in Domestic Offices (exclude Mortgage-backed securities)

3 Securities Issued by States and Political Subdivision in the U.S. in Domestic Offices

4 Mortgage-backed Securities (MBS) in Domestic Offices:

a. Pass-through Securities Issued or Guaranteed by FNMA, FHLMC, or GNMA

b. Other MBS Issued or Guaranteed by FNMA, FHLMC, or GNMA (Include CMOs,REMICs, and Stripped MBS

c. All Other Mortgage-backed Securities

5 Other Debt Securities in Domestic Offices

6 Other Trading assets in Domestic Offices

7 Derivative with a Positive Fair Value:

a. In Domestic Offices

b. In Foreign Offices

8 Total Trading Assets (Sum 1-7)

Liabilities1 Liability for Short Liabilities

2 Derivative with a Negative Fair Value

3 Total Trading Liabilities (Sum 1-2)

FR Y-9C Report Schedule HC-EFR Y-9C Report Schedule HC-E

Schedule HC-E- Deposit Liabilities

1 Deposits Held in Domestic Offices of Commercial Bank Subsidiaries of the Reporting Bank Company:

a. Demand Deposit

b. NOW, ATS, & Other Transaction Accounts

c. Money Market Deposit Accounts & Other Savings accounts

d. Time Deposit of Less Than $ 100,000

e. Time Deposit of $ 100,000 or more

2 Deposit Held in Domestic Offices of Other Depository Institutions that are subsidiaries of the Reporting Bank Companies

a. Non-interest bearing Balances

b. Now,ATS, & Other Transaction accounts

c. Money Market Deposit Accounts & Other Savings accounts

d. Time Deposit of Less Than $ 100,000

e. Time Deposit of $ 100,000 or more

FR Y-9C Report Schedule HC-FFR Y-9C Report Schedule HC-F

Schedule HC-F - Other Assets

1. Accrued Interest Receivable

2. Net Deferred Tax Asset

3. Interest-only Strips Receivable (Not Security) on:

a. Mortgage Loans

b. Other assets

4. Equity securities that Do Not have readily determined Fair Value

5. Life Insurance Assets

6. Other

7. Total (Sum 1-6)

FR Y-9C Report Schedule HC-GFR Y-9C Report Schedule HC-G

Schedule HC-G - Other Liabilities

1. Net Deferred Tax Liabilities

2. Allowance for Credit Losses on Off-balance Sheet Credit Exposures

3. Other

4. Total (Sum 1-3)

FR Y-9C Report Schedule HC-HFR Y-9C Report Schedule HC-H

Schedule HC-G - Interest Sensitivity

1. Earning Assets that are replicable within one year or mature within one year

2. Interest-bearing deposit liabilities that reprices within one year or mature within on year

3. Long-Term debt that reprices within one year

4. Variable rate preferred stock (both limited-life and perpetual stock)

5. Long-Term debt that is scheduled to mature within one year

FR Y-9C Report Schedule HC-IFR Y-9C Report Schedule HC-I

Schedule HC-I - Insurance- Related underwriting Activities (Including Reinsurance)

I. Property and Casualty Underwriting

Assets

1. Reinsurance Recoverable

2. Total Assets

Liabilities

3. Claims and Claim adjustment Expense Reserves

4. Unearned Premiums

5. Total equity

6. Net Income

FR Y-9C Report Schedule HC-I Cont’dFR Y-9C Report Schedule HC-I Cont’d

II. Life and Health Underwriting

Assets

1. Reinsurance Recoverable

2. Separate Account assets

3. Total Assets

Liabilities

4. Policyholder benefit and contract-holder benefit

5. Separate account liabilities

5. Total equity

6. Net Income

FR Y-9C Report Schedule HC-KFR Y-9C Report Schedule HC-K

Schedule HC-K- Quarterly Averages

Assets

1. Securities

2. Federal funds sold and securities purchased under agreements to resell

3. Loan and Leases

4. a. Trading assets

b. Other Earning Assets

5. Total Consolidated Assets

Liabilities

6. Interest-bearing deposits (domestic)

7. Interest-bearing deposits (foreign)

8. Federal funds purchased and securities sold under agreements to repurchase

9. All other borrowed money

Equity

10. Equity Capital (excludes limited-Life preferred stock)

FR Y-9C Report Schedule HC-LFR Y-9C Report Schedule HC-L

Schedule HC-L- Derivatives and Off-Balance-Sheet Items

1. Unused commitments

a. Revolving open-end loans secured by 1-4 family residential properties. E.g. home, equity line

b. Credit Card Lines

c. (1) Commitments to fund commercial real estate, construction, & land development loans secured by real estate

(A) 1-4 family residential construction loan commitment

(B) Commercial real estate, other construction loan, and land development loan commitments

(2) Commitment to fund commercial real estate, construction, & land development loans not secured by real estate

d. Securities Underwriting

e. other Unused Commitment

2. Financial standby letters of credit and foreign office guarantees

a. Amount of financial standby letters conveyed to others

3. Performance standby letters of credit and foreign office guarantees

a. Amount of performance standby letters conveyed to others

4. Commercial & similar letters of credit

5. Securities lent

FR Y-9C Report Schedule HC-L Cont’dFR Y-9C Report Schedule HC-L Cont’d

Schedule HC-L- Derivatives and Off-Balance-Sheet Items cont'd

Guarantor Beneficiary

7. Credit derivatives:

a. Notional amount:

(1) Credit default swaps

(2) Total Return Swaps

(3) Credit Options

(4) Other Credit Derivatives

b. Gross Fair Values:

(1) Gross positive fair value

(2) Gross negative fair value

8. Spot foreign exchange contracts

FR Y-9C Report Schedule HC-L Cont’dFR Y-9C Report Schedule HC-L Cont’d

Schedule HC-L- Derivatives and Off-Balance-Sheet Items cont'd

9. All Other off-balance-sheet Items

a. Securities Borrowed

b. Commitments to purchase when issued securities

c. Commitment to sell when issued securities

FR Y-9C Report Schedule HC-NFR Y-9C Report Schedule HC-N

Schedule HC-N Includes the Following:

… Past Due & Non-accrual Loans

… Past Due & Non-accrual Leases

… Past Due & Non-accrual Other Assets

Note that it requires all these elements to be reported based on the following Criteria: Past Due through 89 days & still accruing Past Due through 90 days or more & still accruing Non-accrual

FR Y-9C Report Schedule HC-PFR Y-9C Report Schedule HC-P

Closed-End 1-4 Family Residential Mortgage Banking Activities in domestic Offices to be reported as to the following:

1-4 Family Mortgages Sold 1-4 Family Mortgages Held-For-Sale @ quarter-end

FR Y-9C Report Schedule HC-RFR Y-9C Report Schedule HC-R

Total Risk Capital

Tier 1 minus Deduction for

Total risk-basedcapital






TotalEquityCapital

Minority Interest in

ConsolidatedSubsidiary

Qualifying trust preferred

securities

Other additionTo

(deduction from)Tier 1 Capital

Net UnrealizedGain (Losses)

On AFS Securities

Net unrealizedLoss on AFS

Equity Securities

AccumulatedNet gain ( Loss)

On cash flowhedge

NonqualifyingPerpetual preferred

stock

Disallowedgoodwill& & other

Disallowed intangibleassets

Cumulative change in fair value of all liabilities accounted for under fair value option that is included in retained earnings and is attributable

to changes in the bank holding companies

Tier 1 Capital


Qualifying subordinated

Debt & Redeemable Preferred stock

Note that Allowable Tier Capital is the Lesser of Tier 1 or Tier 2

Tier 2 Capital

Cumulative perpetualStock includible in

Tier 2 Capital

Allowance for loan &Lease losses includible

In tier 2 capital

Unrealized gain on AFSSecurities includible

In Tier 2 Capital

OtherTier 2 CapitalComponent


Capital allocated for Market Risk

Tier 3 Capital

FR Y-9C HC-R Risk weighted AssetFR Y-9C HC-R Risk weighted Asset

Balance sheet Asset Categories Cash & Due From Held-to Maturity Securities Available-for-Sale Securities Loan & Leases Held for sale Loan & Leases, Net of Unearned income (Allowance for Loan & Lease Losses) Trading assets All Other Assets

Total Asset : Sum Of the above

FR Y-9C HC-R Risk weighted AssetFR Y-9C HC-R Risk weighted AssetDerivatives & Off-Balance-Sheet Items Financial Standby Letters Performance Standby Letters Commercial & Similar Letters of Credit Securities Lent Retained Recourse on Small business Obligations Sold with Recourse Recourse and Direct Credit Substitutes All Other financial Assets Sold with Recourse Unused Commitments with an Original Maturity Exceeding One Year Derivative Contracts


Risk-Weighted Assets by risk weight Category (0 %, 20%, 50%, 100 %):

Balance sheet Asset Categories Total

Multiplied by

Risk weight Category (0 %, 20%, 50%, 100 %):Plus

Derivatives & Off-Balance-Sheet Items Total

Multiplied by

Risk weight Category (0 %, 20%, 50%, 100 %):

FR Y-9C HC-R Risk weighted AssetFR Y-9C HC-R Risk weighted Asset

Total Risk weighted Assets:

Risk-Weighted Assets by risk weight Category

Minus

Excess Allowance For Loan & Lease Losses

Minus

Allocated Transfer Risk reserved

FR Y-9C Report Capital RatiosFR Y-9C Report Capital RatiosTier 1 Leverage Ratio : Tier 1 Capital

Av. Total Assets

Tier 1 Risk Based Capital Ratio : Tier 1 Total Risk Weighted Assets

Total Risk-based Capital Ratio : Total Risk-based Capital Total Risk Weighted Assets

FR Y-9C Report Schedule HC-SFR Y-9C Report Schedule HC-S

Servicing, securitization, & Assets Sale Activities to be reported according to the following:

1-4 Family Residential Loans Home Equity Lines Credit Card Receivables Auto Loans Other Consumer Loans Commercial and Industrial loans …All Other Loans

…All Other Assets

…All Leases

TerminologyTerminology

Standby letter of credit: is an assurance that your company has the financial resources to

perform as agreed under contract - whether that is to provide products or services or to

make payments for goods, supplies, loans or other indebtedness. The issuing Bank

essentially substitutes its credit standing for that of your company in order to facilitate the

trade transaction or contract.


Investments: Assets that are held for control, appreciation, regular income, or a combination of the above.

Off-balance-sheet risk: Risk of accounting loss from a financial instrument that exceeds the amount recognized for the instrument in the balance sheet.

Accrual: An accounting process of recognizing assets or liabilities and the related liabilities, assets revenues, expenses, gains, losses for amounts expected to be received or paid, usually in cash, in the future.

Deferral: An accounting process of recognizing a liability resulting from a current cash receipt or an asset resulting from a current cash payment with deferred recognition of revenues, expenses, gains, or losses.

Amortization: An accounting process of reducing an amount by periodic payments or write-down.

Goodwill: Any excess purchase price over underlying equity. Limited Lives: Plant and equipment have limited service lives; thus their cost

must be allocated to the periods benefited by the application of depreciation charges.

Indefinite Lives: Land seem to have Indefinite life.


Intangible assets: Assets without physical substance that provide economic benefits through the

rights and the privileges associated with their possession such as lease, leasehold improvement,

trademark, etc.

Bonds: Are contractual agreement between the issuer (borrower) and the purchaser (lender). The

borrower promises to pay the lender the principal amount along with interest, usually as coupon

Payment.

Debenture Bonds: Are unsecured bonds; they are not supported by a lien or mortgage on specific

Assets.

Convertible Bonds: Bonds may be converted to stock at the bondholder’s option.

Accrued Liabilities: An expense incurred but not yet paid in cash.

Securities: Are evidence of debt or ownership or a related right. It includes options and warrants

as well as debt and stock.

Stock rights: Privileges awarded by the corporation to acquire additional shares of capital stock

under prescribed conditions.


Stock warrants: Physical evidence of stock rights. It conveys the time, the number of stocks the

owner is entitled to, and the life of the rights( The time period over which the right could be

exercised)

Dividends: Represent the distribution to stock holders of a proportionate sale of retained earnings

Retained Earnings: Accumulated earnings less losses and dividends.

Financial Instrument: it is cash, evidence of an ownership interest in an entity, or a contract that

have contractual obligations and contractual rights.

Derivative Instrument: is an instrument or other contract that

--Has a specific interest rate, security price, commodity price, foreign exchange rate, or other

variables

--Requires zero or small investment smaller than what other contract requires

--Can be settled by means outside the contract

Hedging: Is a risk management strategy to protect against the possibility of loss, such as from

price fluctuation. This strategy involves counterbalancing transactions in which a loss from a

financial instrument or cash flow stream would be offset by a gain on the related derivative


Derivatives are recognized as assets or liabilities on the financial statements Fair value is used to measure derivatives. Change in fair value of non-hedge derivatives are reported as gains or losses in earnings. Accounting for the unrealized gains or losses from the changes in fair value of hedge derivatives

depends on the intended use of derivative.

1. Fair value hedge- reported in earnings

2. Cash flow hedge- effective portion reported in other comprehensive income; ineffective portions reported in earnings

3. Hedge of a net investment in foreign operation- effective portion reported in other comprehensive income; ineffective portion reported in earnings.

TerminologyTerminologyInvestment in securities are classified as follow: Trading, Available-for sale (AFS), and Held-

To-Maturity (HTM).

Trading AFS HTMType of Security Debt or Equity Debt or Equity Debt

Accounting at acquisition Cost (purchase price plus other direct cost)

Cost (purchase price plus other direct cost)

Cost (purchase price plus other direct cost)

End of year valuation Fair Value Fair Value Amortized cost

Valuation for adjustment Market adjustment account Market adjustment account Not adjusted to fair value

Change in Fair Value Reported in income Reported in OCI Not applicable

Other than temporary decline in FV

Reported in income Reported in income Reported in income

Balance sheet classification Current assets Either current or non current assets

Non current assets unless maturing within one year

Dividends and Interest Earned Reported in income using interest method to amortize associated premium or discounts

Reported in income using interest method to amortize associated premium or discounts

Reported in income using interest method to amortize associated premium or discounts

Thanks

Hussein Elkhatib

Quarterly Fed Reporting (Call Report) Manager of Financial Reporting Tim Beer Presented by Hussein...

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