Data Dictionary
Item Number 9022
ACCOUNTING METHODCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| RSSD9022 | 1995-01-15 | 9999-12-31 | No |
Data Description:
The accounting method used in resolving a non-failure merger. Applicable when the survivor is a domestic bank, private bank, trust company, or industrial bank (CHTR_TYPE_CD = 200, 210, 250, 340).
0 = Not applicable
1 = Pooling of interests or entities under common control. The pooling of interests accounting method occurs when the assets, liabilities, and capital of the merging entities are added together on a line-by-line basis, and the (year-cumulative) income and expenses for the entities are combined. The transactions are recorded at book value.
2 = Purchase/Acquisition. The purchase method occurs when one entity purchases some or all of the assets, and assumes some or all of the liabilities of another entity. Income and expenses are NOT combined. Transactions are recorded at market value.