The Journal Record, June 22nd, 1989
The first step into compliance with generally accepted accounting principles was a harrowing one for Green Country Federal Savings and Loan Association of Miami, Okla. - it had $731,000 in paper losses for the quarter ended March 31 by marking its mutual fund investments to market rates.
Documentation of Oklahoma thrifts' January through March check-up, released by the Federal Home Loan Bank of Topeka last week, contained some new formulas, including the new treatment for mutual fund investments, and a new report structure.
The changes were the first steps taken to comply with the Competitiv...
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