Status of Statement No. 147

Acquisitions of Certain Financial Institutions—an amendment of FASB Statements No. 72 and 144 and FASB Interpretation No. 9


October 2002

Effective Date:
For acqusitions on or after October 1, 2002

Amends FAS 72, paragraphs 2, 4, and 5
Deletes FAS 72, paragraphs 3 and 7 through 11
Amends FAS 141, paragraph 61(b)
Deletes FAS 141, paragraph E20
Amends FAS 142, paragraph 49(b)
Effectively deletes FAS 142, paragraph D9(a)
Deletes FAS 142, paragraph D11
Amends FAS 144, paragraphs 5 and D1
Replaces FIN 9, footnote 1

Affected by:
Superseded by FAS 141(R), paragraph E3(b)*

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Partially nullifies EITF Issue No. 88-19

Interpreted by:
Paragraph 9 interpreted by EITF Topic No. D-100

Related Issues:
EITF Issues No. 85-8, 85-41, 85-42, and 89-19 and Topic No. D-78

*Note: Amendments as a result of the issuance of FAS 141(R) are effective for business combinations with an acquisition date on or after the beginning of the first annual reporting period beginning on or after 12/15/08.

Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides