{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/852/10/#60-relationships","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":"852","topic_title":"Reorganizations","subtopic":"852-10","subtopic_title":"Overall","section":{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Financial Services—Depository and Lending","paragraphs":[{"citation":"852-10-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_ED3D0D93-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For the required financial statement reporting of a <a href=\"/glossary/l/#liquidating-bank\" class=\"term\" title=\"A bank with a substantial amount of nonperforming assets may transfer some or all of those assets to a newly created bank whose stock will be distributed to existing shareholders or to new investors. The newly created bank will be a liquidating bank; that is, it will manage the assets it receives and collect cash from loan repayments or dispositions of assets. All cash remaining after paying expenses and debt service, if any, will be distributed to the shareholders of the liquidating bank. The liquidating bank will likely be in the process of liquidation for several years.\"><span>liquidating bank</span></a>, see Subtopic <a altsource=\"GUID-F0CE4D19-6B2D-4FC1-8D41-8831E94834AC.ditamap\" class=\"ditamap\">205-30</a>. </span></span></div></div>","snippet":"For the required financial statement reporting of a liquidating bank, see Subtopic 205-30.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:803aa792734ae46aea8aa8fb646b5bfda3c5da3353862d514a58e1a738b1046d","downloaded_from":"2026-09-10T02:03:22.162Z","last_downloaded_at":"2026-09-10T02:03:22.162Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481339","source_sha256":"c2ff8524f1137a4d64af4ad3559a14d007b9ba0220d229b34b38474decbb7374"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fa6b7b0a894d0d7d155752b4efcaacd8a9cab9fea1b05f7f13ff8bdea5707357","downloaded_from":"2026-09-10T02:03:22.162Z","last_downloaded_at":"2026-09-10T02:03:22.162Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481339","source_sha256":"c2ff8524f1137a4d64af4ad3559a14d007b9ba0220d229b34b38474decbb7374"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d2f46483446436e0dbb89c18b9f6dcd90a609a104c0776f15be12245fe63a946","downloaded_from":"2026-09-10T02:03:22.162Z","last_downloaded_at":"2026-09-10T02:03:22.162Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481339","source_sha256":"c2ff8524f1137a4d64af4ad3559a14d007b9ba0220d229b34b38474decbb7374"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d2f46483446436e0dbb89c18b9f6dcd90a609a104c0776f15be12245fe63a946","downloaded_from":"2026-09-10T02:03:22.162Z","last_downloaded_at":"2026-09-10T02:03:22.162Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481339","source_sha256":"c2ff8524f1137a4d64af4ad3559a14d007b9ba0220d229b34b38474decbb7374"}}