Sallie Mae 2015 Annual Report Download - page 140

SLM CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, unless otherwise noted)
12. Stockholders' Equity (Continued)
F-50
SLM in connection with these functions. The costs eligible to be capitalized are recorded on the respective balance sheets and
the costs not eligible for capitalization have been recognized as expenses in the respective statements of income.
Certain general corporate overhead expenses of the Bank were incurred and paid for by pre-Spin-Off SLM.
Corporate Push-Down
The consolidated balance sheets include certain assets and liabilities that have historically been held at pre-Spin-Off SLM
but which are specifically identifiable or otherwise allocable to the Company. The cash and cash equivalents held by pre-Spin-
Off SLM at the corporate level were not allocated to the Bank for any of the periods presented.
Receivable/Payable with Affiliate
All significant intercompany payable/receivable balances between the Bank and pre-Spin-Off SLM are considered to
be effectively settled for cash in the combined financial statements at the time the transaction is recorded.