Data Dictionary
Item Number 4684
PUSH-DOWN ACCOUNTING ADJUSTMENTSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SVGL4684 | 1990-03-31 | 1996-03-31 | Yes | OTS 1313 |
| SVGN4684 | 1990-03-31 | 1992-12-31 | Yes | OTS 1313 |
Data Description:
Includes the adjustments made for the period for applying the push-down accounting in a change of control of the reporting thrift institution and the adjustments made in accounting for an institution taken into receivership during the period.
These adjustments eliminate retained earnings of the acquired thrift accumulated prior to the acquisition.
Excludes:
Adjustments to valuation allowances that should have been made by the prior ownership. These adjustments can only be made by:
1. Filing an amended report for the acquired thrift institution for the period in which management was aware of the loss and could have reasonably estimated it, provided that reporting cycle is still open for amendments; or
2. Reporting the increase in the valuation allowance in the provision for loss as described in the instructions for Schedule VA.
NOTE:
This item is reported as confidential.