FIL-39-05 Attachment TOC

Office of the Comptroller of the Currency
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
National Credit Union Administration
Office of Thrift Supervision

Interagency Advisory on Accounting and Reporting for Commitments to Originate and Sell Mortgage Loans

Table of Contents

1. Executive Summary
2. Background
3. Definitions
   • Derivative Loan Commitment
   • Forward Loan Sales Commitment
   • Mandatory Delivery Contract
   • Best Efforts Contract
   • Master Agreement
4. Accounting and Reporting
   • Accounting Policies
   • Derivative Loan Commitments
   • Forward Loan Sales Commitments
   • Netting of Contracts
   • Hedge Accounting
   • Income Statement Effect
5. Valuation
   • Fair Value
   • SAB 105
6. Standard-Setter Activities
7. Changes in Accounting for Derivative Loan Commitments and Loan Sales Agreements
8. Summary
9. Example
   • Background
   • Discussion of ABC’s Approach to Valuing Derivative Loan Commitments and Forward Loan Sales Commitments
   • Regulatory Reporting
10. Addendum to Example