Details:

Publisher's site:
https://www.fdic.gov
Corporate Authors:
Federal Deposit Insurance Corporation (FDIC)
Description:
The agencies have jointly issued guidance that institutions that securitize credit card receivables should follow to properly account for subordinated retained interests in Accrued Interest Receivable when preparing regulatory reports filed with the agencies.
Content Notes:
Cites FIL-48-2002, dated 5/17/2002
Subject:
[+]
Accounting, Auditing, and Securities Disclosure
Dataset Download URL:
https://www.fdic.gov/news/financial-institution-letters/2002/FIL02131.html
Format:
PDF
Release Date:
12/04/2002
Update Date:
11/13/2008
Withdrawn Date:
12/01/2018
Agencies Involved:
Federal Deposit Insurance Corporation (FDIC);U.S. Department of the Treasury;Office of the Comptroller of the Currency (OCC);Board of Governors of the Federal Reserve System (The Fed);Office of Thrift Supervision (OTS);Securities and Exchange Commission (SEC);
Fdic Employee Involved:
Michael J. Zamorski;Robert F. Storch;
Other Institutions Involved:
Financial Accounting Standards Board (FASB)
Source:
FDIC Website
Memorandum To:
FDIC-Supervised Banks (Commercial and Savings)
FIL Number:
FIL-131-2002
Main Document Checksum:
[+]
urn:sha256:09e6e85a294ca50f746aad8e8538dbeb962459fb5ab753e2f1f436698b0a3287
Download URL:
https://archive.fdic.gov/view/fdic/8446/fdic_8446_DS1.pdf
File Type:

Supporting Files

• Interagency Advisory on the Accounting Treatment of Accrued Interest Rate Receivable Related to Credit Card Securitizations

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