# ASC 942-10: Financial Services—Depository and Lending — Overall Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/942/10/) 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): 2026-09-10T02:14:00.861Z to 2026-09-10T02:14:20.985Z Record version: sha256:cd8f1ff733de3831751222b9a1fd9a94e2cf32e4fabcc1007d720322074a5037 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 942-10: Financial Services—Depository and Lending — Overall ### Machine-generated study aids ```json { "summary": "ASC 942-10 is the Overall subtopic that sets the scope and organization of the Financial Services—Depository and Lending Topic. It identifies the Subtopics (balance sheet, income statement, receivables, investments, income taxes, business combinations, consolidation, etc.) that supply incremental, industry-specific guidance for depository and lending institutions, and lists the entities covered — banks, credit unions, finance and mortgage companies, savings institutions, bank and S&L holding companies, and U.S.-regulated branches/agencies of foreign banks. Entities in scope must still follow all otherwise applicable GAAP; Topic 942 only adds industry overlays.", "key_points": [ "ASC 942 provides industry-specific accounting and reporting guidance for depository and lending financial institutions, organized into subtopics ranging from Balance Sheet through Consolidation (942-10-05-1).", "The subtopics supply only incremental industry-specific guidance; in-scope entities must also comply with all applicable guidance outside Topic 942 (942-10-15-1).", "Scope includes finance companies and their subsidiaries, FDIC Deposit Insurance Fund- or NCUSIF-insured depository institutions, bank holding companies, and savings and loan association holding companies (942-10-15-2(a)-(d)).", "Scope also reaches U.S.-regulated branches and agencies of foreign banks, non-federally insured state-chartered banks, credit unions and savings institutions, foreign financial institutions purporting to report under U.S. GAAP, mortgage companies, and corporate credit unions (942-10-15-2(e)-(i)).", "For purposes of the Topic, 'financial institution' means a bank, credit union, finance company, mortgage company, or savings institution (942-10-15-3).", "The Equity-related subparagraph 942-10-05-1(o) was superseded by ASU 2014-09 (revenue from contracts with customers)." ], "categories": [ "Industry-specific", "Presentation", "Financial statement presentation" ], "audience_level": "introductory", "student_note": "Use 942-10 as the gateway: it tells you who is a \"financial institution\" for GAAP purposes and which specialized subtopics apply. The common misunderstanding is treating Topic 942 as a self-contained rulebook — it is only incremental, so general GAAP (e.g., ASC 310, 320, 326, 606) still governs unless 942 says otherwise.", "related_topics": [ "942-320", "942-405", "310", "326", "320", "606" ], "key_concepts": [ "financial institution", "depository institution", "incremental industry guidance", "scope", "bank holding company", "credit union", "mortgage company", "federally insured deposits" ] } ``` Source downloaded (UTC): 2026-09-10T02:14:00.861Z to 2026-09-10T02:14:00.861Z Record version: sha256:9dfdc5e0a5c46aeaafcb23b88ef0b8d103bfd46cf5591123cf6eddc32fb54f69 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 942-10-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/942/10/#00-status) SEC content: no ##### [942-10-00-1](https://asc.understandingaccounting.org/asc/942/10/#942-10-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:00.861Z to 2026-09-10T02:14:00.861Z Record version: sha256:4e092d7aee2a7567e24ed1436ef22718ab9caf8f982c8179fd8e6d9b10b855d6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
942-10-05-1AmendedAccounting Standards Update No. 2014-0905/28/2014
942-10-15-2AmendedMaintenance Update 2014-07 (PDF)03/17/2014
Source downloaded (UTC): 2026-09-10T02:14:02.837Z to 2026-09-10T02:14:02.837Z Record version: sha256:f61ed8cf4e40b624d94f9c4ef1eb4e074fd94ae72d46690bc5f55714b3ba78a8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 942-10-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/942/10/#05-overview-and-background) SEC content: no ##### [942-10-05-1](https://asc.understandingaccounting.org/asc/942/10/#942-10-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:02.837Z to 2026-09-10T02:14:02.837Z Record version: sha256:4ba07b63927fe5eb5436e9981c28ff457b493e233df5104808d0e74893528f0e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Financial Services—Depository and Lending Topic provides industry-specific accounting and reporting guidance for depository and lending financial institutions. This Topic includes the following Subtopics: 1. a Overall 2. b Balance Sheet 3. c Income Statement 4. d Statement of Cash Flows 5. e Notes to Financial Statements 6. f Financial Instruments 7. g Cash and Cash Equivalents 8. h Receivables 9. i Investments—Debt and Equity Securities 10. j Investments—Other 11. k Property, Plant, and Equipment 12. l Liabilities 13. m Debt 14. n Equity 15. o [Subparagraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). 16. p Other Expenses 17. q Income Taxes 18. r Business Combinations 19. s Consolidation. Source downloaded (UTC): 2026-09-10T02:14:05.961Z to 2026-09-10T02:14:05.961Z Record version: sha256:0611d83273981194658496eeb098db2f72b6a08c69894f467d44d290004761ee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 942-10-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/942/10/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [942-10-15-1](https://asc.understandingaccounting.org/asc/942/10/#942-10-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:05.961Z to 2026-09-10T02:14:05.961Z Record version: sha256:44134b4d2eb7cc46a52d3888b53ae09b83c22c782e914dd57d0195349cfd78de Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Subtopics within the Financial Services—Depository and Lending Topic provide only incremental industry-specific guidance for the entities defined in this Scope Section, or as further defined in the Scope Sections of the individual Financial Services—Depository and Lending Subtopics. Entities within the scope of this Topic shall also comply with the applicable guidance not included in this Topic. #### Entities ##### [942-10-15-2](https://asc.understandingaccounting.org/asc/942/10/#942-10-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:05.961Z to 2026-09-10T02:14:05.961Z Record version: sha256:5c01d6beec7e42ac1a3dfd2e8ad243b8633af77e34878212b180b784c6bbe025 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Financial Services—Depository and Lending Topic applies to all of the following entities: 1. a Finance companies, including finance company subsidiaries 2. b Depository institutions insured by either: 1. 1 The Federal Deposit Insurance Corporation's (FDIC's) Deposit Insurance Fund 2. 2 The National Credit Union Administration's National Credit Union Share Insurance Fund. 3. c Bank holding companies 4. d Savings and loan association holding companies 5. e Branches and agencies of foreign banks regulated by U.S. federal banking regulatory agencies 6. f State-chartered banks, credit unions, and savings institutions that are not federally insured 7. g Foreign financial institutions whose financial statements are purported to be prepared in conformity with accounting principles generally accepted in the United States 8. h Mortgage companies 9. i Corporate credit unions. ##### [942-10-15-3](https://asc.understandingaccounting.org/asc/942/10/#942-10-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:05.961Z to 2026-09-10T02:14:05.961Z Record version: sha256:8f3698c204b08c2b2892874663f8c84c810d25d13f2a271371bc14abf510b4c3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For purposes of this Topic, financial institution (or institution) denotes a bank, credit union, finance company, mortgage company, or savings institution. Source downloaded (UTC): 2026-09-10T02:14:07.975Z to 2026-09-10T02:14:07.975Z Record version: sha256:18b24cdd6539ad5fc4b12760fb1723d5d825b97d6601a495df9e786bc41ecb02 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 942-10-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/942/10/#sec-00-status) SEC content: yes ##### [942-10-S00-1](https://asc.understandingaccounting.org/asc/942/10/#942-10-S00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:07.975Z to 2026-09-10T02:14:07.975Z Record version: sha256:61ab52807fc2e1d981f5a330d58d27ddf685164732b914bba9908ae72aaedb58 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
942-10-S99-1AmendedAccounting Standards Update No. 2021-0608/09/2021
942-10-S99-1AmendedAccounting Standards Update No. 2019-0707/26/2019
942-10-S99-2AmendedAccounting Standards Update No. 2019-0707/26/2019
Source downloaded (UTC): 2026-09-10T02:14:10.455Z to 2026-09-10T02:14:10.455Z Record version: sha256:8eb4b80e19cc59cf053e8fc61b428bdb26e8b9239f88bff42bee78b86a3111a1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 942-10-S15: SEC 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/942/10/#sec-15-scope-and-scope-exceptions) SEC content: yes #### Application of Regulation S-X Rules 9-01 Through 9-06 ##### [942-10-S15-1](https://asc.understandingaccounting.org/asc/942/10/#942-10-S15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:10.455Z to 2026-09-10T02:14:10.455Z Record version: sha256:e9b1ab4d075819e49774bc568c6fa2e9040c3d8bdf5fa9e587a41e927892ad31 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [942-10-S99-1](https://asc.understandingaccounting.org/asc/942/10/#942-10-S99-1), Regulation S-X Rule 9-01, for applicability of Rules 9-01 through 9-06 to bank holding companies. #### Application of Article 9 of Regulation S-X and Industry Guide 3 ##### [942-10-S15-2](https://asc.understandingaccounting.org/asc/942/10/#942-10-S15-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:10.455Z to 2026-09-10T02:14:10.455Z Record version: sha256:aa96a5ac01ebc4a8d97beaa0b9449f3cc263592a781b8a57a0d3b0a2f4111075 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [942-10-S99-4](https://asc.understandingaccounting.org/asc/942/10/#942-10-S99-4), SAB Topic 11.K, for SEC Staff views regarding the applicability of Article 9 and Guide 3 to bank and nonbank holding companies. Source downloaded (UTC): 2026-09-10T02:14:12.386Z to 2026-09-10T02:14:12.386Z Record version: sha256:d12f4af7ce0299febb77d5e380a7f691d3f7fd109163ac18443818e53b3e5e6f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 942-10-S45: SEC 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/942/10/#sec-45-other-presentation-matters) SEC content: yes #### Applicability of General Rules to Bank Holding Companies ##### [942-10-S45-1](https://asc.understandingaccounting.org/asc/942/10/#942-10-S45-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:12.386Z to 2026-09-10T02:14:12.386Z Record version: sha256:7afd78380525c043ea328de9e096355efc8692b09d40578c5a0b0494dab409af Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [942-10-S99-2](https://asc.understandingaccounting.org/asc/942/10/#942-10-S99-2), Regulation S-X Rule 9-02, for rules regarding the applicability of general rules in Articles 1, 2, 3, 3A, and 4 of Regulation S-X. #### Regulatory-Assisted Acquisitions ##### [942-10-S45-2](https://asc.understandingaccounting.org/asc/942/10/#942-10-S45-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:12.386Z to 2026-09-10T02:14:12.386Z Record version: sha256:52eb71914a7a11ee62d22e098e667d67f68a2031b2d404ccd483bd070c76e9de Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [942-10-S99-6](https://asc.understandingaccounting.org/asc/942/10/#942-10-S99-6), SEC Observer Comment: Regulatory-Assisted Acquisitions, for SEC Staff views regarding presentation of regulatory assistance. Source downloaded (UTC): 2026-09-10T02:14:14.692Z to 2026-09-10T02:14:14.692Z Record version: sha256:124161042a1452849e041a9f3a169397c0efb3152f7b0b4a78af44ad7ed1aa70 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 942-10-S50: SEC 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/942/10/#sec-50-disclosure) SEC content: yes #### Regulatory-Assisted Acquisitions ##### [942-10-S50-1](https://asc.understandingaccounting.org/asc/942/10/#942-10-S50-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:14.692Z to 2026-09-10T02:14:14.692Z Record version: sha256:cb3fa4570c1fe42f51b798fcc9e9f9473fb0c2036a5bbed87087fe5fde73d31c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [942-10-S99-6](https://asc.understandingaccounting.org/asc/942/10/#942-10-S99-6), SEC Observer Comment: Regulatory-Assisted Acquisitions, for SEC Staff views regarding disclosure of regulatory assistance. #### Assistance from Federal Financial Institution Regulatory Agencies ##### [942-10-S50-2](https://asc.understandingaccounting.org/asc/942/10/#942-10-S50-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:14.692Z to 2026-09-10T02:14:14.692Z Record version: sha256:a902ae4fae555596a86d9891214af20d27aa345114d2bb4bd04e20c539e0c565 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [942-10-S99-5](https://asc.understandingaccounting.org/asc/942/10/#942-10-S99-5), SAB Topic 11.N, for SEC Staff views regarding an entity receiving financial assistance from a federal regulatory agency. Source downloaded (UTC): 2026-09-10T02:14:20.985Z to 2026-09-10T02:14:20.985Z Record version: sha256:95e3944f6fe36cccbdb2052fc4e1ea832de4a16fe77d4753b1b7688ad39b9b90 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 942-10-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/942/10/#sec-99-sec-materials) SEC content: yes #### SEC Rules, Regulations, and Interpretations ##### [942-10-S99-1](https://asc.understandingaccounting.org/asc/942/10/#942-10-S99-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:20.985Z to 2026-09-10T02:14:20.985Z Record version: sha256:9e38fdab3b55add2db374caf20a15f771cc90595ebc5fbff5e487757cc2824c1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 9-01, Application of Rules 9-01 to 9-07 (17 CFR 210.9-01). - The consolidated financial statements filed for bank holding companies, savings and loan holding companies, and the financial statements of banks and savings and loan associations, must apply the guidance in this article in filings with the Commission. \[85 FR 66140, Oct. 16, 2020\] ##### [942-10-S99-2](https://asc.understandingaccounting.org/asc/942/10/#942-10-S99-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:20.985Z to 2026-09-10T02:14:20.985Z Record version: sha256:60fa1157523dbba2f502989e940283b71b01b085f331a07e384921dde9d139d4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 9-02, General Requirement (17 CFR 210.9-02). - The requirements of the general rules in §§ 210.1 to 210.4 (Articles 1, 2, 3, 3A and 4) should be complied with where applicable. #### SEC Staff Guidance ##### [942-10-S99-3](https://asc.understandingaccounting.org/asc/942/10/#942-10-S99-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:20.985Z to 2026-09-10T02:14:20.985Z Record version: sha256:6dd110b0b52bfb2e328814cca1bea903070575cf06a0251c009ebd13b833f2f2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of SAB Topic 11.H.1, Disclosures by Bank Holding Companies Regarding Certain Foreign Loans. - Facts: Certain foreign countries experiencing liquidity problems, by agreement with U.S. banks, have instituted arrangements whereby borrowers in the foreign country may remit local currency to the foreign country's central bank, in return for the central bank's assumption of the borrowers' non-local currency obligations to the U.S. banks. The local currency is held on deposit at the central bank, for the account of the U.S. banks, and may be subject to relending to other borrowers in the country. Ultimate repayment of the obligations to the U.S. banks, in the requisite non-local currency, may not be due until a number of years hence. - Question: What disclosures are appropriate regarding deposit/relending arrangements of this general type? - Interpretive Response: The staff emphasizes that it is the responsibility of each registrant to determine the appropriate financial statement treatment and classification of foreign outstandings. The facts and circumstances surrounding deposit/relending arrangements should be carefully analyzed to determine whether the local currency payments to the foreign central bank represent collections of outstandings for financial reporting purposes, and whether such outstandings should be classified as nonaccrual, past due or restructured loans pursuant to Item III.C.1. of Industry Guide 3, Statistical Disclosure by Bank Holding Companies ("Guide 3"). - The staff believes, however, that the impact of deposit/relending arrangements covering significant amounts of outstandings to a foreign country should be disclosed pursuant to Guide 3, Item III.C.3., Instruction (6)(a). FN1 The disclosures should include a general description of the arrangements and, if significant, the amounts of interest income recognized for financial reporting purposes which has not been remitted in the requisite non-local currency to the U.S. bank. - FN1 Instruction (6)(a) calls for description of the nature and impact of developments in countries experiencing liquidity problems which are expected to have a material impact on timely repayment of principal or interest. Additionally, Instruction (6)(d)(ii) to Item III.C.3. calls for disclosure of commitments to relend, or to maintain on deposit, arising in connection with certain restructurings of foreign outstanding. ##### [942-10-S99-4](https://asc.understandingaccounting.org/asc/942/10/#942-10-S99-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:20.985Z to 2026-09-10T02:14:20.985Z Record version: sha256:82a7a1d422bfd4cf74a65ce5dd4584f7393a6337f69a220d494b63e41fb16689 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of SAB Topic 11.K, Application of Article 9 and Guide 3. - Facts: Article 9 of Regulation S-X specifies the form and content of and requirements for financial statements for bank holding companies filing with the Commission. Similarly, bank holding companies disclose supplemental statistical disclosures in filings, pursuant to Industry Guide 3. No specific guidance as to the form and content of financial statements or supplemental disclosures has been promulgated for registrants which are not bank holding companies but which are engaged in similar lending and deposit activities. FN4 - FN4 The Commission staff has been considering the need for more specific guidance in the area but believes that the FASB project on financial instruments may make Commission action in this area unnecessary. In the interim, this bulletin provides the staff's views with respect to filings by similar entities such as saving and loan holding companies. - Question: Should non-bank holding company registrants with material amounts of lending and deposit activities file financial statements and make disclosures called for by Article 9 of Regulation S-X and Industry Guide 3? - Interpretive Response: In the staff's view, Article 9 and Guide 3, while applying literally only to bank holding companies, provide useful guidance to certain other registrants, including savings and loan holding companies, on certain disclosures relevant to an understanding of the registrant's operations. Thus, to the extent particular guidance is relevant and material to the operations of an entity, the staff believes the specified information, or comparable data, should be provided. - For example, in accordance with Guide 3, bank holding companies disclose information about yields and costs of various assets and liabilities. Further, bank holding companies provide certain information about maturities and repricing characteristics of various assets and liabilities. Such companies also disclose risk elements, such as nonaccrual and past due items in the lending portfolio. The staff believes that this information and other relevant data would be material to a description of business of other registrants with material lending and deposit activities and accordingly, the specified information and/or comparable data (such as scheduled item disclosure for risk elements) should be provided. - In contrast, other requirements of Article 9 and Guide 3 may not be material or relevant to an understanding of the financial statements of some financial institutions. For example, bank holding companies present average balance sheet information, because period-end statements might not be representative of bank activity throughout the year. Some financial institutions other than bank holding companies may determine that average balance sheet disclosure does not provide significant additional information. Others may determine that assets and liabilities are subject to sufficient volatility that average balance information should be presented. - Pursuant to Article 9, the income statements of bank holding companies use a "net interest income" presentation. Similarly, bank holding companies present the aggregate market value, at the balance sheet date, of investment securities, on the face of the balance sheet. The staff believes that such disclosures and other relevant information should also be provided by other registrants with material lending and deposit activities. ##### [942-10-S99-5](https://asc.understandingaccounting.org/asc/942/10/#942-10-S99-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:20.985Z to 2026-09-10T02:14:20.985Z Record version: sha256:61bf2215d21e30275ad4cd48f0c30ae354a24f10c4df92a45c1bfc135b8e933e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of SAB Topic 11.N, Disclosures of the Impact of Assistance from Federal Financial Institution Regulatory Agencies. - Facts: An entity receives financial assistance from a federal regulatory agency in conjunction with either an acquisition of a troubled financial institution, transfer of nonperforming assets to a newly-formed entity, or other reorganization. - Question: What are the disclosure implications of the existence of regulatory assistance? - Interpretive Response: The staff believes that users of financial statements must be able to assess the impact of credit and other risks on a company following a regulatory assisted acquisition, transfer or other reorganization on a basis comparable to that disclosed by other institutions, i.e., as if the assistance did not exist. In this regard, the staff believes that the amount of regulatory assistance should be disclosed separately and should be separately identified in the statistical information furnished pursuant to Industry Guide 3, to the extent it impacts such information. FN10 FN11 Further, the nature, extent and impact of such assistance needs to be fully discussed in Management's Discussion and Analysis. FN12 - FN10 The staff has previously expressed its views regarding acceptable methods of compliance with this principle in the minutes of EITF Issue 88-19, and an announcement by the SEC Observer to the EITF at the February 23, 1989 meeting. - FN11 See EITF Issue 88-19 for guidance on the appropriate period in which to record certain types of regulatory assistance. - FN12 See Section 501.06.c. of the Financial Reporting Codification for further discussion of the MD&A disclosures of the effects of regulatory assistance. ##### [942-10-S99-6](https://asc.understandingaccounting.org/asc/942/10/#942-10-S99-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:20.985Z to 2026-09-10T02:14:20.985Z Record version: sha256:45a0ce790e72b0272c952c8ce4a5b54bba065f28af538e57170a87f8dffac15f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of SEC Observer Comment: Regulatory-Assisted Acquisitions. - The SEC staff's display requirements would not require an entity, subsequent to the acquisition date, to adjust the balance sheet amounts of the underlying asset and the regulatory assistance if the value of the underlying asset had increased above its cost basis. The SEC staff would not insist that such adjustments be reflected in the balance sheet because to do so would be to reflect the underlying asset at an amount different from that appropriate under GAAP. However, disclosure of such changes in value may be appropriate. The SEC staff's display requirements would require an adjustment to the carrying amount of the underlying asset only if such adjustment is required under GAAP (for example, for impairment in the value of the underlying asset).