Status of Statement No. 72

Accounting for Certain Acquisitions of Banking or Thrift Institutions—an amendment of APB Opinion No. 17, an interpretation of APB Opinions 16 and 17, and an amendment of FASB Interpretation No. 9


February 1983

Effective Date:
For business combinations initiated after September 30, 1982

Amends APB 17, paragraphs 29 through 31
Amends FIN 9, paragraphs 8 and 9

Affected by:
Paragraph 2 amended by FAS 147, paragraph B1(a)
Paragraph 3 deleted by FAS 147, paragraph B1(b)
Paragraph 4 amended by FAS 141, paragraph E11(a); FAS 142, paragraph D9(b); and FAS 147, paragraphs B1(c) and B1(d)
Paragraph 5 amended by FAS 147, paragraph B1(e)
Paragraphs 6 and 7 amended by FAS 142, paragraphs D9(c) and D9(d), respectively
Paragraphs 7 through 11 deleted by FAS 147, paragraphs B1(f) and B1(g)
Paragraphs 8 and 9 amended by FAS 141, paragraphs E11(b) and E11(c), respectively
Footnotes 5 and 6 deleted by FAS 142, paragraphs D9(d) and D9(e)
Superseded by FAS 141(R), paragraph E3(a)*

AICPA Accounting Standards Executive Committee (AcSEC)

Related Pronouncements:
SOP 01-6
PB 5
PB 6

Issues Discussed by FASB Emerging Issues Task Force (EITF)

No EITF Issues

Interpreted by:
Paragraph 5 interpreted by EITF Issues No. 85-8, 85-42, and 88-19
Paragraph 9 interpreted by EITF Topic No. D-78
Paragraph 15 interpreted by EITF Issue No. 89-19

Related Issue:
EITF Issue No. 85-41

*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