# ASC 325-942-05: Investments—Other — Financial Services—Depository and Lending — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/325/942/#05-overview-and-background)

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## ASC 325-942-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/325/942/#05-overview-and-background)

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##### [325-942-05-1](https://asc.understandingaccounting.org/asc/325/942/#325-942-05-1)

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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.

##### [325-942-05-2](https://asc.understandingaccounting.org/asc/325/942/#325-942-05-2)

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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. 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. 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.