More market-value disclosures. (Financial Accounting Standards Board requirements on fair values of financial instruments) (Brief Article)

ABA Banking Journal, June, 1993

More market-value disclosures. This month the Financial Accounting Standards Board is expected to release the final language on the market value accounting rule for debt securities approved in April. While bankers continue to digest this, as well as FASB's Statement 107 on disclosures of fair values of financial instruments--already in effect for institutions with more than $150 million in assets--they can comment on another market-value development, courtesy of the FDIC Improvement Act.

This concerns FDICIA's requirements that the regulators devise means "to the extent feasible and practical" for insured institutions to provide supplemental fair value disclosures for both assets and liabilities in reports filed with the agencies. The Federal Financial...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.