FASB Interpretation No. 9

INTRODUCTION
The FASB has been asked to explain how the provisions of APB Opinions No. 16, “Business Combinations,”
and No. 17, “Intangible Assets,” should beapplied to account for the acquisition of a savings and
loan association in a business combination accounted for by the purchase method. In this regard,the FASB has been asked whether the net-spread method or the separate-valuation method is appropriate for determining the amounts assigned to the assets and liabilities of the acquired savings and loan association and whether any cost not assigned to the identifiable assets acquired less liabilities assumed may be amortized using an accelerated method of amortization rather than the straight-line method of amortization.