# ASC 325-942-35: Investments—Other — Financial Services—Depository and Lending — 35 Subsequent Measurement Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/325/942/#35-subsequent-measurement) 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): 2026-09-09T23:46:03.417Z to 2026-09-09T23:46:03.417Z Record version: sha256:bbf98081175c34cefe5bdec8f68e2beb56fa39b3cf34915022aae1f47c9d7b4d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-942-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/325/942/#35-subsequent-measurement) SEC content: no #### Federal Home Loan Bank or Federal Reserve Bank Stock ##### [325-942-35-1](https://asc.understandingaccounting.org/asc/325/942/#325-942-35-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:46:03.417Z to 2026-09-09T23:46:03.417Z Record version: sha256:0a00485779aa7e2e19a06d3b194360b558a873252851f66880ff7679774f2181 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Federal Home Loan Bank and Federal Reserve Bank stock shall be carried at cost and evaluated for impairment in accordance with paragraph [942-325-35-3](https://asc.understandingaccounting.org/asc/325/942/#325-942-35-3). ##### [325-942-35-2](https://asc.understandingaccounting.org/asc/325/942/#325-942-35-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:46:03.417Z to 2026-09-09T23:46:03.417Z Record version: sha256:44223639f5f94c6c5ab4cdf35d99a236183a3c20db08d905f918cd4bcef3fd6b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Both cash and stock dividends received on Federal Home Loan Bank stock shall be reported as income. See Topics 505 and 852 for guidance concerning stock splits. ##### [325-942-35-3](https://asc.understandingaccounting.org/asc/325/942/#325-942-35-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:46:03.417Z to 2026-09-09T23:46:03.417Z Record version: sha256:4cb0d6b2b519f2f29f649ff62ec3d33503f2502c3d7851322059ef8b3f1166c8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Federal Home Loan Bank stock is generally viewed as a long-term investment. Accordingly, when evaluating Federal Home Loan Bank stock for impairment, its value shall be determined based on the ultimate recoverability of the par value rather than by recognizing temporary declines in value. The determination of whether the decline affects the ultimate recoverability is influenced by criteria such as the following: 1. a The significance of the decline in net assets of the Federal Home Loan Banks as compared to the capital stock amount for the Federal Home Loan Banks and the length of time this situation has persisted 2. b Commitments by the Federal Home Loan Banks to make payments required by law or regulation and the level of such payments in relation to the operating performance of the Federal Home Loan Banks 3. c The impact of legislative and regulatory changes on institutions and, accordingly, on the customer base of the Federal Home Loan Banks 4. d The liquidity position of the Federal Home Loan Banks. #### National Credit Union Share Insurance Fund Deposits and Premiums ##### [325-942-35-4](https://asc.understandingaccounting.org/asc/325/942/#325-942-35-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:46:03.417Z to 2026-09-09T23:46:03.417Z Record version: sha256:903544d4089640bfa0d479331ff3c3e8da29f591e69de3df13d9a9b32822aff1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Credit unions and corporate credit unions are subject to all of the following recognition and measurement provisions: 1. a The refundability of National Credit Union Share Insurance Fund deposits shall be reviewed for impairment. When the refundability of a deposit is evaluated, the financial condition of both the credit union and of the National Credit Union Share Insurance Fund shall be considered. Deposits may be returned to solvent credit unions for a number of reasons, including termination of insurance coverage, conversion to insurance coverage from another source, or transfer of operations of the insurance fund from the National Credit Union Administration Board. However, insolvent or bankrupt credit unions shall not be entitled to a return of their deposits. To the extent that National Credit Union Share Insurance Fund deposits are not refundable, they shall be charged to expense in the period in which the deposits are made or the assets become impaired. 2. b In years in which the equity of the National Credit Union Share Insurance Fund exceeds normal operating levels, the National Credit Union Administration is required to make distributions to insured credit unions to reduce the equity of the National Credit Union Share Insurance Fund to normal operating levels. Such distributions may be in the form of a waiver of insurance premiums, premium rebates, or cash payments. Distributions in connection with that reduction in the equity of the National Credit Union Share Insurance Fund shall be reported in the income statement in the period in which it is determined that a distribution will be made. 3. c The system of savings account insurance established by the recapitalization of the National Credit Union Share Insurance Fund, which provided for reserves of 1 percent of insured deposits, is based on the concept that the required deposits create a fund with an earning potential sufficient to provide for the risk of losses in the credit union system. In years in which the earnings of the fund have been adequate to provide insurance protection and cover all expenses and losses incurred by the fund, the National Credit Union Administration Board has elected to waive the insurance premiums due from insured credit unions. In those years, it has been industry practice to net imputed earnings on the insurance deposits against imputed premium expense rather than present them as gross amounts on the statement of income. In years in which the insurance premiums are not waived by the National Credit Union Administration, the premiums shall be expensed in the period to which they relate. To the extent that the National Credit Union Administration assesses premiums to cover prior operating losses of the insurance fund or to increase the fund balance to normal operating levels, credit unions shall expense those premiums when assessed. #### Exchange Memberships ##### [325-942-35-5](https://asc.understandingaccounting.org/asc/325/942/#325-942-35-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:46:03.417Z to 2026-09-09T23:46:03.417Z Record version: sha256:392a6023e6b4620dec63ca12c65f965e1d4bd56118192f70358c76f36029c2bb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Section 940-340-35 provides guidance for subsequent measurement of exchange memberships.