for face-amount certificate investment companies

Source:

Sections 210.12-21 to 210.12-41 appear at 16 FR 348, Jan. 13, 1951, unless otherwise noted. Redesignated at 45 FR 63679, Sept. 25, 1980.

210.12-21 — Investments in securities of unaffiliated issuers.

Column A — Name of issuer and title of issue 1	Column B — Balance held at close of period. Number of shares — principal amount of bonds and notes 2	Column C — Cost of each item 3,4	Column D — Value of each item at close of period 3,5



1 (a) The required information is to be given as to all securities held as of the close of the period of report. Each issue shall be listed separately.
(b) Indicate by an appropriate symbol those securities which are non-income-producing securities. Evidences of indebtedness and preferred shares may be deemed to be income-producing if, on the respective last interest payment date or dates for the declaration of dividends prior to the date of the related balance sheet, there was only a partial payment of interest or a declaration of only a partial amount of the dividends payable; in such case, however, each such issue shall be indicated by an appropriate symbol referring to a note to the effect that, on the last interest or dividend date, only partial interest was paid or partial dividends declared. If, on such respective last interest or dividend date, no interest was paid or no dividends declared, the issue shall not be deemed to be income-producing. Common shares shall not be deemed to be income-producing unless, during the last year preceding the date of the related balance sheet, there was at least one dividend paid upon such common shares. List separately (1) bonds; (2) preferred shares; (3) common shares. Within each of these subdivisions classify according to type of business, insofar as practicable: e.g., investment companies, railroads, utilities, banks, insurance companies, or industrials. Give totals for each group, subdivision, and class.
2 Indicate any securities subject to option at the end of the most recent period and state in a note the amount subject to option, the option prices, and the dates within which such options may be exercised.
3 Columns C and D shall be totaled. The totals of columns C and D should agree with the correlative amounts required to be shown by the related balance sheet captions. State in a footnote to column C the aggregate cost for Federal income tax purposes.
4 If any investments have been written down or reserved against by such companies pursuant to § 210.6-03(d), indicate each such item by means of an appropriate symbol and explain in a footnote.
5 Where value is determined on any other basis than closing prices reported on any national securities exchange, explain such other basis in a footnote.

[47 FR 56844, Dec. 21, 1982; as amended at 83 FR 50148, Oct. 4, 2018]

210.12-22 — Investments in and advances to affiliates and income thereon.

Column A — Name of issuer and title of issue or amount of indebtedness 1	Column C — Cost of each item 3,4	Column D — Amount at which carried at close of period 4,5	Column E — Amount of dividends or interest 4,6
	Column C — Cost of each item 3,4	Column D — Amount at which carried at close of period 4,5	(1) — Credited to income	(2) — Other



1 (a) The required information is to be given as to all investments in affiliates as of the close of the period. See §§ 210.6-06(1), 210.6-06(5)(b), 210.6-06(8)(a)(2), and 210.6-06(8)(a)(3). List each issue and group separately (1) investments in majority-owned subsidiaries, segregating subsidiaries consolidated; (2) other controlled companies; and (3) other affiliates. Give totals for each group. If operations of any controlled companies are different in character from those of the registrant, group such affiliates within divisions (1) and (2) by type of activities.
(b) Changes during the period. If during the period there has been any increase or decrease in the amount of investment in any affiliate, state in a footnote (or if there have been changes as to numerous affiliates, in a supplementary schedule) (1) name of each issuer and title of issue; (2) balance at beginning of period; (3) gross purchases and additions; (4) gross sales and reductions; (5) balance at close of period as shown in column C. Include in such footnote or schedule comparable information as to affiliates in which there was an investment at any time during the period even though there was no investment in such affiliate as of the close of such period.
2 Indicate any securities subject to option at the end of the most recent period and state in a footnote the amount subject to option, the option prices, and the dates within which such options may be exercised.
3 If the cost in column C represents other than cash expenditure, explain.
4 (a) Columns C, D and E shall be totaled. The totals of columns C and D should agree with correlative amounts required to be shown by the related balance sheet captions. State in a footnote the aggregate cost for Federal income tax purposes.
(b) If any investments have been written down or reserved against by such companies pursuant to § 210.6-03(d), indicate each such item by means of an appropriate symbol and explain in a footnote.
5 State the basis of determining the amounts shown in column D.
6 Show in column E(1) as to each issue held at close of period, the dividends or interest included in caption 1 of the profit and loss or income statement. In addition, show as the final item in column E(1) the aggregate dividends and interest included in the profit and loss or income statement in respect of investments in affiliates not held at the close of the period. The total of this column should agree with the amounts shown under such caption. Include in column E(2) all other dividends and interest. Explain briefly in an appropriate footnote the treatment accorded each item. Identify by an appropriate symbol all non-cash dividends and explain the circumstances in a footnote. See §§ 210.6-06(3)(a)(2), 210.6-03(g), and 210.6-07(1).
7 The information required by column F need be furnished only as to controlled companies. The equity in the net profit and loss of each person required to be listed separately shall be computed on an individual basis. In addition, there may be submitted the information required as computed on the basis of the statements of each such person and its subsidiaries consolidated.

[As amended at 83 FR 50148, Oct. 4, 2018]

210.12-23 — Mortgage loans on real estate and interest earned on mortgages. 1

Part 1 — Mortgage loans on real estate at close of period						Part 2 — Interest earned on mortgages
Column A — List by classification indicated below 2,3,7	Column B — Prior liens 2	Column C — Carrying amount of mortgage 8,9,10,11	Column D — Amount of principal unpaid at close of period		Column E — Amount of mortgage being foreclosed	Column F — Interest due and accrued at end of period 6	Column G — Interest income earned applicable to period 5
Column A — List by classification indicated below 2,3,7	Column B — Prior liens 2	Column C — Carrying amount of mortgage 8,9,10,11	(1) — Total	(2) — Subject to delinquent interest 4	Column E — Amount of mortgage being foreclosed	Column F — Interest due and accrued at end of period 6	Column G — Interest income earned applicable to period 5
Liens on:
Farms (total)
Residential (total)
Apartments and business (total)
Unimproved (total)
Total 12
1 All money columns shall be totaled.
2 If mortgages represent other than first liens, list separately in a schedule in a like manner, indicating briefly the nature of the lien. Information need not be furnished as to such liens which are fully insured or wholly guaranteed by an agency of the United States Government.
3 In a separate schedule classify by states in which the mortgaged property is located the total amounts in support of columns B, C, D and E.
4 (a) Interest in arrears for less than 3 months may be disregarded in computing the total amount of principal subject to delinquent interest.
(b) Of the total principal amount, state the amount acquired from controlled and other affiliates.
5 In order to reconcile the total of column G with the amount shown in the profit and loss or income statement, interest income earned applicable to period from mortgages sold or canceled during period should be added to the total of this column.
6 If the information required by columns F and G is not reasonably available because the obtaining thereof would involve unreasonable effort or expense, such information may be omitted if the registrant shall include a statement showing that unreasonable effort or expense would be involved. In such an event, state in column G for each of the above classes of mortgage loans the average gross rate of interest on mortgage loans held at the end of the fiscal period.
7 Each mortgage loan included in column C in an amount in excess of $500,000 shall be listed separately. Loans from $100,000 to $500,000 shall be grouped by $50,000 groups, indicating the number of loans in each group.
8 In a footnote to this schedule, furnish a reconciliation, in the following form, of the carrying amount of mortgage loans at the beginning of the period with the total amount shown in column C:

Balance at beginning of period		$
Additions during period:
New mortgage loans		$
Other (describe)
Deductions during period:
Collections of principal		$
Foreclosures
Cost of mortgages sold
Amortization of premium
Other (describe)
Balance at close of period		$
If additions represent other than cash expenditures, explain. If any of the changes during the period result from transactions, directly or indirectly with affiliates, explain the bases of such transactions, and amounts involved. State the aggregate amount of mortgages (a) renewed and (b) extended. If the carrying amount of the new mortgages is in excess of the unpaid amount (not including interest) of prior mortgages, explain.
9 If any item of mortgage loans on real estate investments has been written down or reserved against pursuant to § 210.6-03 describe the item and explain the basis for the write-down or reserve.
10 State in a footnote to column C the aggregate cost for Federal income tax purposes.
11 If the total amount shown in column C includes intercompany profits, state the bases of the transactions resulting in such profits and, if practicable, state the amounts thereof.
12 Summarize the aggregate amounts for each column applicable to § 210.6-06(1) and 6-06(5)(a).

[16 FR 348, Jan. 13, 1951, as amended at 16 FR 2655, Mar. 24, 1951; 83 FR 50148, Oct. 4, 2018]

210.12-24 — Real estate owned and rental income. 1

Part 1 — Real estate owned at end of period						Part 2 — Rental income
Column A — List classification of property as indicated below 2,3	Column B — Amount of incumbrances	Column C — Initial cost to company	Column D — Cost of improvements, etc.	Column E — Amount at which carried at close of period 4,5,6,7	Column F — Reserve for depreciation	Column G — Rents due and accrued at end of period	Column H — Total rental income applicable to period	Column I — Expended for interest, taxes, repairs and expenses	Column J — Net income applicable to period
Farms
Residential
Apartments and business
Unimproved
Total 8
Rent from properties sold during period
Total
1 All money columns shall be totaled.
2 Each item of property included in column E in an amount in excess of $100,000 shall be listed separately.
3 In a separate schedule classify by states in which the real estate owned is located the total amounts in support of columns E and F.
4 In a footnote to this schedule, furnish a reconciliation, in the following form, of the total amount at which real estate was carried at the beginning of the period with the total amount shown in column E:

Balance at beginning of period		$
Additions during period:
Acquisitions through foreclosure	$
Other acquisitions
Improvements, etc
Other (describe)
Deductions during period:
Cost of real estate sold	$
Other (describe)
Balance at close of period		$
If additions, except acquisitions through foreclosure, represent other than cash expenditures, explain. If any of the changes during the period result from transactions, directly or indirectly, with affiliates, explain and state the amount of any intercompany gain or loss.
5 If any item of real estate investments has been written down or reserved against pursuant to § 210.6-03(d), describe the item and explain the basis for the write-down or reserve.
6 State in a footnote to column E the aggregate cost for Federal income tax purposes.
7 The amount of all intercompany profits included in the total of column E shall be stated if material.
8 Summarize the aggregate amounts for each column applicable to § 210.6-06(1) and 6-06(5)(a).

[16 FR 348, Jan. 13, 1951, as amended at 16 FR 2655, Mar. 24, 1951. Redesignated at 45 FR 63679, Sept. 25, 1980; as amended at 83 FR 50148, Oct. 4, 2018]

210.12-25 — Supplementary profit and loss information.

Column A — Item 1	Column B — Charged to investment expense	Column C — Charged to other accounts		Column D — Total
Column A — Item 1	Column B — Charged to investment expense	(1) — Account	(2) — Amount	Column D — Total
1. Legal expenses (including those in connection with any matter, measure or proceeding before legislative bodies, officers or government departments)
2. Advertising and publicity
3. Sales promotion 2
4. Payments directly and indirectly to trade associations and service organizations, and contributions to other organizations
1 Amounts resulting from transactions with affiliates shall be stated separately.
2 State separately each category of expense representing more than 5 percent of the total expense shown under this item.

210.12-26 — Certificate reserves.

Column A — Description 1	Column B — Balance at beginning of period			Column C — Additions				Column D — Deductions				Column E — Balance at close of period
Column A — Description 1	(1) — Number of accounts with security bidders	(2) — Amount of maturity value	(3) — Amount of reserved 2	(1) — Charged to profit and loss or income	(2) — Reserve payments by certificate holders	(3) — Charged to other accounts describe	(1) — Maturities	(2) — Cash surenders prior to maturity	(3) — Other — describe	(1) — Number of accounts with security holders	(2) — Amount of maturity value	(3) — Amount of reserves 2



1 (a) Each series of certificates shall be stated separately. The description shall include the yield to maturity on an annual payment basis.
(b) For certificates of the installment type, information required by columns B, D (2) and (3) and E shall be given by age groupings, according to the number of months paid by security holders, grouped to show those upon which 1-12 monthly payments have been made, 13-24 payments, etc.
2 (a) If the total of the reserves shown in these columns differs from the total of the reserves per the accounts, there should be stated (i) the aggregate difference and (ii) the difference on a $1,000 face-amount certificate basis.
(b) There shall be shown by footnote or by supplemental schedule (i) the amounts periodically credited to each class of security holders' accounts from installment payments and (ii) such other amounts periodically credited to accumulate the maturity amount of the certificate. Such information shall be stated on a $1,000 face-amount certificate basis for the term of the certificate.

210.12-27 — Qualified assets on deposit. 1

Column A — Name of depositary 2	Column B — Cash	Column C — Investments in securities	Column D — First mortgages and other first liens on real estate	Column E — Other	Column F — Total 3



1 All money columns shall be totaled.
2 Classify names of individual depositaries under group headings, such as banks and states.
3 Total of column F shall agree with note required by § 210.6-06(4) as to total amount of qualified Assets on Deposit.

[As amended at 83 FR 50148, Oct. 4, 2018]