# ASC 810-942-45: Consolidation — Financial Services—Depository and Lending — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/810/942/#45-other-presentation-matters)

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## ASC 810-942-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/810/942/#45-other-presentation-matters)

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#### Trust-Preferred Arrangements

##### [810-942-45-1](https://asc.understandingaccounting.org/asc/810/942/#810-942-45-1)

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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 company shall report its debt issued to the trust and an equity-method investment in the common stock of the trust.

##### [810-942-45-2](https://asc.understandingaccounting.org/asc/810/942/#810-942-45-2)

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[Paragraph superseded by Accounting Standards Update No. 2013-07](https://asc.understandingaccounting.org/updates/asu-2013-07/).