The commercial book-entry system, initiated in 1967, facilitates the safekeeping and transfer of large volumes of marketable Treasury securities through the substitution of computerized accounts for
The historic owners are not being given credit in their capital accounts for
the appreciation or depreciation of the LLC's value.
From a financial reporting perspective, the FASB project on accounting for the retirement of long-lived assets will have a significant impact on how the electric utility industry accounts for
this often rigorous process.
The only type of nondepository institution that is associated with multiple-account usage is the brokerage company, where the average number of accounts for
households using these firms is about 1.