# ASC 235-946: Notes to Financial Statements — Financial Services—Investment Companies Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/235/946/) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:16:22.805Z to 2026-09-09T23:16:36.179Z Record version: sha256:27f989a5dfddb1c43f3687c11dd3538fd8a72aa8b75cc9c7bbb33f41bb9c095a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-946: Notes to Financial Statements — Financial Services—Investment Companies ### Machine-generated study aids ```json { "summary": "This Subtopic sets the note disclosure requirements for investment companies with complex capital structures — multiple-class funds, master-feeder arrangements, and funds of funds. Multiple-class funds must describe each class, the income/expense and gain/loss allocation method, class-specific fee arrangements, capital share transactions by class, and sales charges paid to affiliates. Feeder funds must describe the master-feeder structure, their percentage ownership of the master, and the master's accounting policies affecting them, while funds of funds must describe the structure and the valuation policy based on investee-reported values.", "key_points": [ "Management investment companies with multiple classes of shares or master-feeder structures apply this disclosure guidance (235-946-50-1).", "Multiple-class funds must disclose a description of each class (sales charges, shareholder servicing fees, distribution fees), the allocation method for income, expenses, and realized/unrealized gains and losses, class-specific distribution plan and affiliate expense arrangements, capital share transactions by class if not shown in the statement of changes in net assets, and total sales charges paid to affiliates by class (235-946-50-2).", "Each feeder fund's notes must give a general description of the master-feeder structure, its percentage ownership of the master at the reporting date, a statement that it invests all investable assets in a corresponding open-end management investment company with the same investment objectives, and a reference to the master's financial statements including the portfolio of investments (235-946-50-3).", "Feeder fund notes must disclose or reference the master fund's accounting policies that affect feeders, such as valuation of the master's investments (235-946-50-3(d)).", "Information on purchases and sales of investments and gross unrealized appreciation/depreciation on a tax basis is not applicable to a feeder's financial statements (235-946-50-3).", "Fund management must consider whether and to what extent disclosure of investee funds' investment policies is appropriate (235-946-50-4).", "A fund of funds must disclose a general description of the fund of funds structure and its valuation policy, noting that values are generally based on information reported by the investee funds (235-946-50-5)." ], "categories": [ "Disclosure", "Industry-specific", "Presentation", "Fair value" ], "audience_level": "intermediate", "student_note": "These disclosures are how readers of a fund's financials figure out which economics belong to which share class or to the master versus the feeder; a common misunderstanding is assuming a feeder must present its own portfolio of investments and tax-basis appreciation data, when the guidance instead directs a reference to the master's statements.", "related_topics": [ "946-10", "946-205", "946-210", "946-320", "820", "235-10" ], "key_concepts": [ "multiple class shares", "master-feeder structure", "fund of funds", "expense allocation method", "distribution plan fees", "capital share transactions", "investment company disclosures", "valuation policy" ] } ``` Source downloaded (UTC): 2026-09-09T23:16:22.805Z to 2026-09-09T23:16:22.805Z Record version: sha256:150a2e5977529447c48b78771436fb70933c57e8e3abe541c849abc6aa529703 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-946-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/235/946/#05-overview-and-background) SEC content: no ##### [235-946-05-1](https://asc.understandingaccounting.org/asc/235/946/#235-946-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:22.805Z to 2026-09-09T23:16:22.805Z Record version: sha256:01cca4e35db01c21bbbc806ecb15da1b619d5cac44d85e03fb35a264df0a1601 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic addresses notes to financial statements for investment companies with complex capital structures. Source downloaded (UTC): 2026-09-09T23:16:24.871Z to 2026-09-09T23:16:24.871Z Record version: sha256:281f6474773dbfee7ced104a9bac8f8ac245c5f4293f90bd3ae4bb93fe42adb1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-946-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/235/946/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [235-946-15-1](https://asc.understandingaccounting.org/asc/235/946/#235-946-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:24.871Z to 2026-09-09T23:16:24.871Z Record version: sha256:32678bc13977721306b9ef5630f0a43774878663fd544d88fca7e3a07988df55 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 946-10-15. Source downloaded (UTC): 2026-09-09T23:16:26.652Z to 2026-09-09T23:16:26.652Z Record version: sha256:09ba71ef030b2097723a264a55084aec4f64c57a07016a59c7eef3b8976062b2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-946-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/235/946/#50-disclosure) SEC content: no #### Complex Capital Structures ##### [235-946-50-1](https://asc.understandingaccounting.org/asc/235/946/#235-946-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:26.652Z to 2026-09-09T23:16:26.652Z Record version: sha256:fbcb52b80c22bc1913cc7302e57639ce311971260c1e8bb08a2375c8f994a618 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Management investment companies that have multiple classes of shares or master-feeder structures shall apply the following disclosure guidance. ##### [235-946-50-2](https://asc.understandingaccounting.org/asc/235/946/#235-946-50-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:26.652Z to 2026-09-09T23:16:26.652Z Record version: sha256:fa7b86d67c7f8ac411a87789eec54d4f07787548e3a07f940aad4118f7a02e90 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Notes to financial statements shall include all of the following: 1. a Description of each class of shares, including sales charges, shareholder servicing fees, and distribution fees 2. b Disclosure of the method used to allocate income and expenses, and realized and unrealized capital gains and losses, to each class 3. c Description of fee arrangements for class-specific distribution plans and for any other class-level expenses paid to affiliates 4. d Disclosure of capital share transactions (if not disclosed separately in the statement of changes in net assets) for each class 5. e Disclosure of total sales charges paid to any affiliates for each class. ##### [235-946-50-3](https://asc.understandingaccounting.org/asc/235/946/#235-946-50-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:26.652Z to 2026-09-09T23:16:26.652Z Record version: sha256:55e9a13d5700993a85b5ec79f7dd50492d013b10b298f93177b56ed459106d79 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Notes to financial statements of each feeder fund shall include all of the following: 1. a A general description of the master and feeder structure 2. b The feeder's percentage ownership share of the particular master fund at the reporting date 3. c A statement that the feeder invests all of its investable assets in a corresponding open-end management investment company having the same investment objectives as the feeder, and a reference to the financial statements of the master fund, including the portfolio of investments 4. d Disclosure of or reference to the accounting policies of the master fund that affect the feeders (such as valuation of investments of the master fund). Information concerning the purchases and sales of investments and gross unrealized appreciation or depreciation of investments on a tax basis is not applicable to the feeder's financial statements. ##### [235-946-50-4](https://asc.understandingaccounting.org/asc/235/946/#235-946-50-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:26.652Z to 2026-09-09T23:16:26.652Z Record version: sha256:abcdc070e9e20a230998c3a1ea6394e1b3cdc18a02dd56243b22f78a3d16fcc0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Fund management shall consider whether, and to what extent, disclosure of the investee funds' investment policies is appropriate. ##### [235-946-50-5](https://asc.understandingaccounting.org/asc/235/946/#235-946-50-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:26.652Z to 2026-09-09T23:16:26.652Z Record version: sha256:58d4d861bebaf9290b36f48f755646e66ba3ed17dda5bb5621a5120d5e5b7c19 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Notes to financial statements of the reporting fund shall include both of the following: 1. a A general description of the fund of funds structure 2. b Disclosure of valuation policy-values generally based on information reported by investee funds. Source downloaded (UTC): 2026-09-09T23:16:30.180Z to 2026-09-09T23:16:30.180Z Record version: sha256:aa8d3281c5c3e87e295b7152bc649d8bfd8094c895a94c88b5402127cff5f3c1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-946-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/235/946/#sec-00-status) SEC content: yes ##### [235-946-S00-1](https://asc.understandingaccounting.org/asc/235/946/#235-946-S00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:30.180Z to 2026-09-09T23:16:30.180Z Record version: sha256:63023ee38b10627d836ae4f37963485bc60d21394a5d37332191c03adbcdccbd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
946-235-S99-1 through S99-4
AmendedAccounting Standards Update No. 2019-0707/26/2019
Source downloaded (UTC): 2026-09-09T23:16:32.135Z to 2026-09-09T23:16:32.135Z Record version: sha256:a0ccaafa97c37110767916cc78ce93fed3b7dbb8ff513e67bb60cf20fb5ef579 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-946-S50: SEC 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/235/946/#sec-50-disclosure) SEC content: yes #### Qualified Assets ##### [235-946-S50-1](https://asc.understandingaccounting.org/asc/235/946/#235-946-S50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:32.135Z to 2026-09-09T23:16:32.135Z Record version: sha256:1915279127f81d8b3b117a61a27b5c1a9b3fbd0e83b99075da68b0a0f4778fcf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [946-10-S99-3](https://asc.understandingaccounting.org/asc/946/10/#946-10-S99-3), Regulation S-X Rule 6-03(e), for requirements for disclosures pertaining to qualified assets. #### Restricted Securities ##### [235-946-S50-2](https://asc.understandingaccounting.org/asc/235/946/#235-946-S50-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:32.135Z to 2026-09-09T23:16:32.135Z Record version: sha256:a8cdbb10bd2caf71fef402602cb14ffd5d4fbdeafa60ce3a9971447038b853ff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [946-10-S99-3](https://asc.understandingaccounting.org/asc/946/10/#946-10-S99-3), Regulation S-X, Rule 6-03(f), for required disclosures pertaining to investments in restricted securities. #### Supplemental Schedules ##### [235-946-S50-3](https://asc.understandingaccounting.org/asc/235/946/#235-946-S50-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:32.135Z to 2026-09-09T23:16:32.135Z Record version: sha256:72d834949f37115cdbad2cf7ea0fe7e77f494e6f9a548eec8e741f62cfcca0d6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [946-235-S99-1](https://asc.understandingaccounting.org/asc/235/946/#235-946-S99-1), Regulation S-X Rule 12-24, for the requirements of Schedule IV—Real Estate Owned and Rental Income for face-amount certificate companies. ##### [235-946-S50-4](https://asc.understandingaccounting.org/asc/235/946/#235-946-S50-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:32.135Z to 2026-09-09T23:16:32.135Z Record version: sha256:54ac65053c7813b0cd96222e5d1be70ebd37a4759b70fcb7c4a407b8eafeadbb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [946-235-S99-2](https://asc.understandingaccounting.org/asc/235/946/#235-946-S99-2), Regulation S-X Rule 12-25, for the requirements of the Supplementary Profit and Loss Information. ##### [235-946-S50-5](https://asc.understandingaccounting.org/asc/235/946/#235-946-S50-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:32.135Z to 2026-09-09T23:16:32.135Z Record version: sha256:e9ff0b9aa67e636e22b379cf0a736487b79a844f16c27eb90a6169ad6d5a6b4e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [946-235-S99-3](https://asc.understandingaccounting.org/asc/235/946/#235-946-S99-3), Regulation S-X Rule 12-26, for the requirements of Schedule VI—Certificate Reserves for face-amount certificate issuers. ##### [235-946-S50-6](https://asc.understandingaccounting.org/asc/235/946/#235-946-S50-6) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:32.135Z to 2026-09-09T23:16:32.135Z Record version: sha256:23ebcfca32e944fbd74c01cfd5e07153089e27320d3c6ba1eacb0b0274e7d793 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [946-235-S99-4](https://asc.understandingaccounting.org/asc/235/946/#235-946-S99-4), Regulation S-X Rule 12-27, for the requirements of Schedule V—Qualified Assets on Deposit for face-amount certificate issuers. Source downloaded (UTC): 2026-09-09T23:16:36.179Z to 2026-09-09T23:16:36.179Z Record version: sha256:9ff4fbc0f01353eafbef796483a91c5adcc6aea2555e92f77410e444e7b04fc4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-946-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/235/946/#sec-99-sec-materials) SEC content: yes #### SEC Rules, Regulations, and Interpretations ##### [235-946-S99-1](https://asc.understandingaccounting.org/asc/235/946/#235-946-S99-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:36.179Z to 2026-09-09T23:16:36.179Z Record version: sha256:21a113f10c62832ad58cd095c2bf9dcc51647ccf68c9fdff3cbc5c60d3ab9277 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 12-24, Real Estate Owned and Rental Income (17 CFR 210.12-24). - ![](https://asc.understandingaccounting.org/asc-img/GUID-EA77EA42-D24D-4782-B313-35996241C71A-low.gif) Reg. § 210.12-24 Real Estate Owned and Rental Income1 Part 1—Real estate owned at end of period Part 2—Rental Income Column A Column B Column C Column D Column E Column F Column G Column H Column I Column J "List classification of property as indicated below2,3 " Amount of incumbrances Initial cost to company "Cost of improvements, etc. " "Amount at which carried at close of period4,5,6,7 " Reserve for depreciation Rents due and accrued at end of period "Total rental income applicable to period " "Expended for interest, taxes, repairs and expenses " Net income applicable to period Total8 .................... ............... ............... ............... ............... ............... ............... ............... ............... ............... Rent from properties sold during period xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx ............... ................. ............... Total xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx ............... ............... ............... 1 All money columns shall be totaled. 2 "Each item of property included in column E in an amount in excess of $100,000 shall be listed separately." 3 In a separate schedule classify by states in which the real estate owned is located the total amounts in support of columns E and F. 4 "In a footnote to this schedule, furnish a reconciliation, in the following form, of the total amount at which real estate was carried at the beginning of the period with the total amount shown in column E: Balance at beginning of period ............................................................................................................ $ Additions during period: Acquisitions through foreclosure ..................................................... $ Other acquisitions ......................................................................... Improvements, etc. ........................................................................ Other (describe) ................................................................................. Deductions during period: Cost of real estate sold ................................................................... $ Other (describe) ............................................................................. Balance at close of period .................................................................................................................... $ If additions, except acquisitions through foreclosure, represent other than cash expenditures, explain. If any of the changes during the period result from transactions, directly or indirectly, with affiliates, explain and state the amount of any intercompany gain or loss." 5 "If any item of real estate investments has been written down or reserved against pursuant to § 210.6-03(d), describe the item and explain the basis for the write-down or reserve." 6 State in a footnote to column E the aggregate cost for Federal income tax purposes. 7 The amount of all intercompany profits included in the total of column E shall be stated if material. 8 Summarize the aggregate amounts for each column applicable to § 210.6-06(1) and 6-06(5)(a). \[16 FR 348, Jan. 13, 1951, as amended at 16 FR 2655, Mar. 24, 1951. Redesignated at 45 FR 63679, Sept. 25, 1980; 83 FR 50208, Oct. 4, 2018\] ##### [235-946-S99-2](https://asc.understandingaccounting.org/asc/235/946/#235-946-S99-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:36.179Z to 2026-09-09T23:16:36.179Z Record version: sha256:7279d85ad7908049bf36ea904a73d99ea39ac480758cc554bac56a8244aed689 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 12-25, Supplementary Profit and Loss Information (17 CFR 210.12-25). - ![](https://asc.understandingaccounting.org/asc-img/GUID-EA980EF9-5DB7-479F-9436-E06AC08CF593-low.gif) Reg. § 210.12-25 Supplementary Profit and Loss Information Column A Column B Column C Column D Item1 Charged to investment expense " Charged to other accounts" Total "(1) Amount" "(2) Amount" 1. "Legal expenses (including those in connection with any matter, measure or proceeding before legislative bodies,officers or government departments)" ……………… ………… …………. ………………………… 2. Advertising publicity .................... ............. .............. .................................. 3. Sales promotion2 .................... ............. ............... ................................... 4. "Payments directly and indirectly to trade associations and service organizations, and contributions to other organization" ………………. ………... …………... …………………………. 1 Amounts resulting from transactions with affiliates shall be stated separately. 2 State separately each category of expense representing more than 5 percent of the total expense shown under this item. ##### [235-946-S99-3](https://asc.understandingaccounting.org/asc/235/946/#235-946-S99-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:36.179Z to 2026-09-09T23:16:36.179Z Record version: sha256:32fe3753a815a3185efbb182f72c23b1ab3b17bf3a72c8c72f9e38c1bff994d4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 12-26, Certificate Reserves (17 CFR 210.12-26). - ![](https://asc.understandingaccounting.org/asc-img/GUID-2E197297-C957-4E22-8028-4EB24862612D-low.gif) Reg. § 210.12-26 Certificate Reserves Column A Column B Column C Column D Column E Balance at beginning of period Additions Deductions Balance at close of period Description1 (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) Number of accounts with security bidders Amount of maturity value Amount of reserves2 Charged to profit and loss or income Reserve payments by certificate holders Charged to other accounts-describe Maturities Cash surrenders prior to maturity "Other— describe" Number of accounts with security holders Amount of maturity value Amount of reserves2 1 "(a) Each series of certificates shall be stated separately. The description shall include the yield to maturity on an annual payment basis. (b) For certificates of the installment type, information required by columns B, D (2) and (3) and E shall be given by age groupings, according to the number of months paid by security holders, grouped to show those upon which 1-12 monthly payments have been made, 13-24 payments, etc." 2 "(a) If the total of the reserves shown in these columns differs from the total of the reserves per the accounts, there should be stated (i) the aggregate difference and (ii) the difference on a $1,000 face-amount certificate basis. (b) There shall be shown by footnote or by supplemental schedule (i) the amounts periodically credited to each class of security holders' accounts from installment payments and (ii) such other amounts poetically credited to accumulate the maturity amount of the certificate. Such information shall be stated on a $1,000 face-amount certificate basis for the term of the certificate." ##### [235-946-S99-4](https://asc.understandingaccounting.org/asc/235/946/#235-946-S99-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:36.179Z to 2026-09-09T23:16:36.179Z Record version: sha256:d68051f7684de911d831d66f563fd3f0e46b828c596f0ba35f752eb97c37611f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 12-27, Qualified Assets on Deposit (17 CFR 210.12-27). - ![](https://asc.understandingaccounting.org/asc-img/GUID-35F2E0D2-5B8F-4F0E-B6A2-5BB3D65F330B-low.gif) Reg. § 210.12-27 Qualified Assets on Deposit1 Column A Column B Column C Column D Column E Column F Name of depositary2 Cash Investments in securities First mortgages and other first liens on real estate Other Total3 1 All money columns shall be totaled. 2 "Classify names of individual depositaries under group headings, such as banks and states." 3 Total of column F shall agree with note required by § 210.6-06(4) as to total amount of qualified Assets on Deposit. \[59 FR 65637, Dec. 20, 1994, as amended at 83 FR 50208, Oct. 4, 2018\]