{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/720/942/#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":"720","topic_title":"Other Expenses","subtopic":"720-942","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":"720-942-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic addresses the recognition of assessments by the Financing Corporation.</div></div>","snippet":"This Subtopic addresses the recognition of assessments by the Financing Corporation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f4c58631180eecc2ec0696e236363f4fd8f06b0117c418f58daa710d91c708a2","downloaded_from":"2026-09-10T01:11:07.010Z","last_downloaded_at":"2026-09-10T01:11:07.010Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477398","source_sha256":"6a1811e7cc596adb48d861fc202ca5a60c1a2b206540504030759561fca03160"}},{"citation":"720-942-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_F703DD1D-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">On September 30, 1996, the Deposit Insurance Funds Act of 1996 was enacted. </span></span><span class=\"sfragment\" id=\"sfr_F703DE90-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The Act authorizes the Financing Corporation (FICO) to impose an assessment on institutions with deposits assessable by the Deposit Insurance Fund to share in the cost of financing outstanding FICO bonds. </span></span></div></div>","snippet":"On September 30, 1996, the Deposit Insurance Funds Act of 1996 was enacted. The Act authorizes the Financing Corporation (FICO) to impose an assessment on institutions with deposits assessable by the Deposit Insurance Fu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:106bc4efbb8e0a7a0ae08420eba41a4834124df3576947f506919c792f7c9ec7","downloaded_from":"2026-09-10T01:11:07.010Z","last_downloaded_at":"2026-09-10T01:11:07.010Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477398","source_sha256":"6a1811e7cc596adb48d861fc202ca5a60c1a2b206540504030759561fca03160"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2eb236a7f8ac306012bb20360a191f14dde20cd217eb4dd957a8eabf1059c74","downloaded_from":"2026-09-10T01:11:07.010Z","last_downloaded_at":"2026-09-10T01:11:07.010Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477398","source_sha256":"6a1811e7cc596adb48d861fc202ca5a60c1a2b206540504030759561fca03160"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cbfc0fb384077d09180ac86f7d6122b1f4747e064772d361c8e771149dda1f3c","downloaded_from":"2026-09-10T01:11:07.010Z","last_downloaded_at":"2026-09-10T01:11:07.010Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477398","source_sha256":"6a1811e7cc596adb48d861fc202ca5a60c1a2b206540504030759561fca03160"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cbfc0fb384077d09180ac86f7d6122b1f4747e064772d361c8e771149dda1f3c","downloaded_from":"2026-09-10T01:11:07.010Z","last_downloaded_at":"2026-09-10T01:11:07.010Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477398","source_sha256":"6a1811e7cc596adb48d861fc202ca5a60c1a2b206540504030759561fca03160"}}