{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/810/942/#45-other-presentation-matters","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":"810","topic_title":"Consolidation","subtopic":"810-942","subtopic_title":"Financial Services—Depository and Lending","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Trust-Preferred Arrangements","paragraphs":[{"citation":"810-942-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_F7D81534-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In the typical trust-preferred arrangement, the bank holds no variable interest in the trust, and therefore, cannot be the trust's primary beneficiary. </span></span><span class=\"sfragment\" id=\"sfr_F7D81678-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If the bank does not consolidate the trust, the bank or holding company shall report its debt issued to the trust and an equity-method investment in the common stock of the trust. </span></span></div></div>","snippet":"In the typical trust-preferred arrangement, the bank holds no variable interest in the trust, and therefore, cannot be the trust's primary beneficiary. If the bank does not consolidate the trust, the bank or holding comp…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9a86d6a1114c7c1f95677d787b0e02c4c48df5a33244e077f261cd686a3d4cd2","downloaded_from":"2026-09-10T01:31:45.670Z","last_downloaded_at":"2026-09-10T01:31:45.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479181","source_sha256":"07c4b05ada7b450813c8f8d2bff5810cc677b1871e6cc22be5282fab75330cc4"}},{"citation":"810-942-45-2","para":"45-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2013-07/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2013-07</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2013-07.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9aa64a1e4e7aff9212d055230bc579df974b981fed9796691a85c40e1fa3fbda","downloaded_from":"2026-09-10T01:31:45.670Z","last_downloaded_at":"2026-09-10T01:31:45.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479181","source_sha256":"07c4b05ada7b450813c8f8d2bff5810cc677b1871e6cc22be5282fab75330cc4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6f0ca5eb99f0e8782b764ac46f4af93abdcc2210efe274d1b08d79a3c4b431f","downloaded_from":"2026-09-10T01:31:45.670Z","last_downloaded_at":"2026-09-10T01:31:45.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479181","source_sha256":"07c4b05ada7b450813c8f8d2bff5810cc677b1871e6cc22be5282fab75330cc4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c57297e793739fb87c46269f8b0049987105cddf68ff6d517caf0b1d363a27b","downloaded_from":"2026-09-10T01:31:45.670Z","last_downloaded_at":"2026-09-10T01:31:45.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479181","source_sha256":"07c4b05ada7b450813c8f8d2bff5810cc677b1871e6cc22be5282fab75330cc4"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c57297e793739fb87c46269f8b0049987105cddf68ff6d517caf0b1d363a27b","downloaded_from":"2026-09-10T01:31:45.670Z","last_downloaded_at":"2026-09-10T01:31:45.670Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479181","source_sha256":"07c4b05ada7b450813c8f8d2bff5810cc677b1871e6cc22be5282fab75330cc4"}}