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OTHER ASSETS AND LIABILITIES

OTHER ASSETS AND LIABILITIES Section INTRODUCTION ..2 OTHER ASSETS ..2 Accrued Income ..2 Tax ASSETS ..2 Interest-Only Strips ..3 Equities without Readily Determinable Fair Values ..3 Bank-Owned Life insurance Miscellaneous ASSETS ..4 Prepaid Expenses ..4 Repossessed Personal Property ..4 Suspense Cash Items Not In Process Of OTHER Accrued Interest Receivables ..5 Indemnification INTANGIBLE ASSETS ..5 Goodwill and OTHER Intangible ASSETS ..5 Accounting for Goodwill ..6 Servicing ASSETS ..6 Accounting ..6 Valuation ..7 Regulatory Capital ..8 Servicing Risk ..8 Examination OTHER LIABILITIES ..8 OTHER Borrowed Money ..9 Accrued Expenses ..9 Servicing Deferred Tax LIABILITIES ..9 Allowance for Off-Balance Sheet All OTHER Miscellaneous LIABILITIES .

Deferred tax assets are recognized for operating loss and tax credit carryforwards just as they are for deductable temporary differences. However, a bank can only recognize the benefit of a net operating loss, or a tax credit . Other Assets and Other Liabilities (3/12) 3.7-2 RMS Manual of Examination Policies Federal Deposit Insurance Corporation

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