Audit and Accounting Guide - Depository and Lending Institutions

Chapter 17 Equity and Disclosures Regarding Capital Matters

Gray shaded text in this chapter reflects guidance issued but not yet effective as of the date of this guide, July 1, 2018, but becoming effective on or prior to January 1, 2019, exclusive of any option to early adopt ahead of the mandatory effective date. Unless otherwise indicated, all unshaded text reflects guidance that was already effective as of the date of this guide.

Introduction

17.01 Chapters 1, “Industry Overview — Banks and Savings Institutions,” and 2, “Industry Overview — Credit Unions,” of this guide discuss the regulatory capital requirements for banks and savings institutions and credit unions, respectively. Chapter 4, “Industry Overview — Mortgage Companies,” of this guide discusses similar capital requirements for mortgage companies. This chapter discusses the related financial statement disclosures and auditing guidance. Chapter 3, “Regulatory Considerations,” of the AICPA Accounting Guide Brokers and Dealers in Securities, discusses similar capital requirements for broker-dealers. Finance companies unaffiliated with banking organizations are not subject to regulatory capital requirements. Finance companies affiliated with banking organizations are subject to consolidated regulatory capital requirements and prudential supervision by the Board of Governors of the Federal Reserve System (Federal Reserve).

Banks and Savings Institutions

Introduction

17.02 Banks are organized with capital stock ...