Data Dictionary
Item Number 4696
SFAS NO. 12 ADJUSTMENTS TO MARKETABLE EQUITY SECURITIESCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SVGL4696 | 1989-03-31 | 1989-12-31 | Yes | FHLBB 1313 |
Data Description:
Includes adjustments to valuation allowances for unrealized losses of a temporary nature on marketable equity securities (other than a trading portfolio) established pursuant to SFAS No. 12, "Accounting for Certain Marketable Equity Securities." These valuation allowances are not included in the computation of net income but are a direct reduction of retained earnings.
Declines in market value judged to be other than temporary must be charged in full to expense in "Net Provision for Losses on Assets (4517)". Any existing valuation allowance that was not taken through the income statement must be reversed by crediting this item and the full difference between cost and market value must be recognized in item 4517.
When a security is sold, and the existing valuation allowance was not previously taken through the income statement, the valuation allowance must be reversed by crediting this item prior to the computation of the gain or loss. Includes a decrease to retained earnings (i.e., debit) as a negative amount.
Includes a decrease to retained earnings (i.e., a debit) as a negative amount.