ASU 2018-06 — Codification Improvements to Topic 942, Financial Services—Depository and Lending

This Accounting Standards Update supersedes outdated guidance related to the Office of the Comptroller of the Currency's Banking Circular 202, Accounting for Net Deferred Tax Charges.

This Accounting Standards Update is the final version of Proposed Accounting Standards Update 2017-260—Technical Corrections and Improvements to Topic 942, Financial Services—Depository and Lending—Elimination of Certain Guidance for Bad Debt Reserves of Savings and Loans, which has been deleted.

Issued: May 7, 2018