Data Dictionary

Item Number J793
LOANS AND SECURITIES: LOAN FEES DEFERRED

Call confidentiality applies to FFIEC 031/041.

Series Start Date End Date Confidential? Reporting Forms
FRBSJ793 2008-09-30 9999-12-31 Yes FR 34

Data Description:

Nonrefundable fees, such as origination or commitment fees, paid to the Bank by borrowers, based on the terms of the agreement, are recorded in this account. As described in FASB ASC Topic 310-20; formerly SFAS No. 91, such fees are to be deferred and recognized as income over the life of the loan. The unamortized balance of deferred loan fees should be reported in the Bank's financial statements as an offset to the related loan balance. The periodic amortization of balances in this account should generally be recorded as an addition to interest income, but in some circumstances may be recorded as fees in the profit and loss accounts (330-100). Contact Board staff to discuss the proper accounting for deferred loan fees.

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Last update: Mar 20, 2024