{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/325/942/#05-overview-and-background","source":"FASB Accounting Standards Codification, Basic View","usage":"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.","topic":"325","topic_title":"Investments—Other","subtopic":"325-942","subtopic_title":"Financial Services—Depository and Lending","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"325-942-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic provides recognition and measurement guidance concerning Federal Home Loan Bank or Federal Reserve Bank stock, National Credit Union Share Insurance Fund deposits and premiums, regular-way securities, and exchange memberships.</div></div>","snippet":"This Subtopic provides recognition and measurement guidance concerning Federal Home Loan Bank or Federal Reserve Bank stock, National Credit Union Share Insurance Fund deposits and premiums, regular-way securities, and e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:807b7139acaf5cef86e8dfefb54a014545b7e46a2df1b0f6552caff87772b64c","downloaded_from":"2026-09-09T23:45:54.196Z","last_downloaded_at":"2026-09-09T23:45:54.196Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477451","source_sha256":"2dbba7a591489b165a3b911012534f50248c6d6231bf7da952c3c1962ce10424"}},{"citation":"325-942-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_F4CAB870-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Although Federal Home Loan Bank (or Federal Reserve Bank) stock is an equity interest in a Federal Home Loan Bank (or Federal Reserve Bank), it does not have a readily determinable fair value because its ownership is restricted and it lacks a market. </span></span><span class=\"sfragment\" id=\"sfr_F4CAB97D-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> Federal Home Loan Bank (or Federal Reserve Bank) stock can be sold back only at its par value of $100 per share and only to the Federal Home Loan Banks (or Federal Reserve Banks) or to another member institution. </span></span><span class=\"sfragment\" id=\"sfr_F4CABA52-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In addition, the equity ownership rights represented by Federal Home Loan Bank stock are more limited than would be the case for a public company, because of the oversight role exercised by regulators in the process of budgeting and approving dividends. </span></span></div></div>","snippet":"Although Federal Home Loan Bank (or Federal Reserve Bank) stock is an equity interest in a Federal Home Loan Bank (or Federal Reserve Bank), it does not have a readily determinable fair value because its 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