Required FV disclosures — do we have inconsistency in measurement?
Do we have inconsistency in application of FV measurement? No surprise I guess. Note this: Beginning in Q2 2009, the fv of companies’ loan portfolios was a required quarterly disclosure. Previously, it was only an annual disclosure.
Review some banks. You might find a huge discrepancy in the fraction .. fv/carrying value. Certainly banks have different loan portfolios. But Regions bank is 75% in that fraction. Citigroup is 100%. Seems to be a big discrepancy to me.