Other than temporary impairment

Other than temporary impairment (OTTI)

Impairment charge taken on a security whose fair value has fallen below the carrying value on balance sheet and its value is not expected to recover through the holding period of the security.
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Equity securities continue to fall under the guidance from the SEC's Staff Accounting Bulletin (SAB) Topic 5M, "Other Than Temporary Impairment of Certain Investments in Debt and Equity Securities." Adopting FSP FAS 115-2 and FAS 124-2 should be treated as a change in accounting principle.
Other items include a three-year capital plan, a revised investment policy, timely recognition of other than temporary impairment of investments, a written program to reduce the high level of credit risk in the bank, improved internal loan review to identify problem loans and leases and development of a plan to maintain adequate sources of liquidity.
59, codified as SAB Topic 5.M, Other Than Temporary Impairment of Certain Investments in Debt and Equity Securities (SAB 59), and Statement on Auditing Standards no.
The most specific guidance comes from SEC Staff Accounting Bulletin (SAB) Topic 5.M, "Other Than Temporary Impairment of Certain Investments in Debt and Equity Securities." That guidance provides a few examples of factors that indicate a decline is other-than-temporary:
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