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Other Than Temporary Impairment Issues

In efforts to address an inconsistency in the accounting technical literature guidance, and in efforts to clarify the guidance that needs to be utilized, on January 12, 2009, the FASB Staff issued FASB Staff Position [FSP] EITF 99-20-1. The guidance is an amendment to the guidance in EITF Issue No. 99-20, entitled Recognition of Interest Income and Impairment on Purchased Beneficial Interests and Beneficial Interests That Continue to Be Held by a Transferor in Securitized Financial Assets.