Summary of May 19, 1999
Board Meeting Discussion of Requests to Defer the Effective Date of
Statement 133
Deferral of Statement 133. The Board
considered requests to defer the effective date of FASB Statement
No. 133, Accounting for Derivative Instruments and Hedging
Activities. The Board decided to defer the effective date for
one year, to all fiscal quarters of all fiscal years beginning
after June 15, 2000. The Board directed the staff to prepare a draft of the proposed
deferral for vote by written ballot.
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