interest paid

Presentation1

1. 230-942Financial Services—Depository and Lending230 Statement of Cash Flows

   This Subtopic tailors the statement of cash flows to banks, savings institutions, and credit unions. Its core rule is a net-reporting exception: these institutions need not report gross cash receipts and payments for deposits placed with or withdrawn from other financial institutions, time deposits accepted and repaid, and loans made to customers and principal collections on those loans (230-942-45-1). It also requires that principal payments received under sales-type and direct financing leases be classified as investing activities (230-942-45-4) and provides a full direct-method illustration in Section 55.