Trading Debt Securities <=1 Year

 

Acct Code

Description

Tip for pulling data stored in CU*BASE

AS0056

Report the amount of investment in debt securities that were bought and held principally for the purpose of selling in the near term.  This account should reflect frequent buying and selling.  Report these investments at fair value.  These investments should be categorized based on maturity or call, not on the basis of intent to sell.  Refer to Accounting Standards Codification (ASC) 320, Investments-Debt Securities.

 

Note: In the CU*BASE Investment subsidiary, a FASB code can be configured for Trading Debt  Securities.

One method is to run Tool #407 Investment Maturity Report by quarter end date. Specify the column headers and the maturity terms that translate to <= 1Year, >1-3 Years, >3-5 Years, >5-10 Years, >10 Years.

Another method is to use the General Ledger balance from your credit union balance sheet. Obtain the balance of the G/L account as of quarter end.

 

One or more automation routines are available for this Account Code. Click images\autopopulate_shg.gifto select from the available routines and configure the data.

 

 

The NCUA provides detailed descriptions on the Call Report Account Codes in their comprehensive Call Report Instructions available with the current Call Report on the http://www.ncua.gov website.

For more information about the 5300 Call Report Software, open the book.