JP Morgan Chase 2008 Annual Report Download - page 235

Glossary of terms
JPMorgan Chase & Co./ 2008 Annual Report 233
SAB: Staff Accounting Bulletin.
SAB 105: “Application of Accounting Principles to Loan
Commitments.”
SAB 109: “Written Loan Commitments Recorded at Fair Value
Through Earnings.”
Sales specialists: Retail branch office personnel who specialize in
the marketing of a single product, including mortgages, investments,
and business banking, by partnering with the personal bankers.
SFAS: Statement of Financial Accounting Standards.
SFAS 5: “Accounting for Contingencies.”
SFAS 13: “Accounting for Leases.”
SFAS 52: “Foreign Currency Translation.”
SFAS 87: “Employers’ Accounting for Pensions.”
SFAS 88: “Employers’ Accounting for Settlements and Curtailments
of Defined Benefit Pension Plans and for Termination Benefits.”
SFAS 106: “Employers’ Accounting for Postretirement Benefits Other
Than Pensions.”
SFAS 107: “Disclosures about Fair Value of Financial Instruments.”
SFAS 109: “Accounting for Income Taxes.”
SFAS 114: “Accounting by Creditors for Impairment of a Loan – an
amendment of FASB Statements No. 5 and 15.”
SFAS 115: “Accounting for Certain Investments in Debt and
Equity Securities.”
SFAS 123: “Accounting for Stock-Based Compensation.”
SFAS 123R: “Share-Based Payment.”
SFAS 128: “Earnings per Share.”
SFAS 133: “Accounting for Derivative Instruments and
Hedging Activities.”
SFAS 138: “Accounting for Certain Derivative Instruments and Certain
Hedging Activities – an amendment of FASB Statement No. 133.”
SFAS 140: “Accounting for Transfers and Servicing of Financial
Assets and Extinguishments of Liabilities – a replacement of FASB
Statement No. 125.”
SFAS 141: “Business Combinations.”
SFAS 141R: “Business Combinations.”
SFAS 142: “Goodwill and Other Intangible Assets.”
SFAS 143: “Accounting for Asset Retirement Obligations.”
SFAS 149: “Amendment of Statement No. 133 on Derivative
Instruments and Hedging Activities.”
SFAS 155: “Accounting for Certain Hybrid Financial Instruments –
an amendment of FASB Statements No. 133 and 140.”
SFAS 156: “Accounting for Servicing of Financial Assets – an
amendment of FASB Statement No. 140.”
SFAS 157: “Fair Value Measurements.”
SFAS 158: “Employers’ Accounting for Defined Benefit Pension and
Other Postretirement Plans – an amendment of FASB Statements No.
87, 88, 106, and 132(R).”
SFAS 159: “The Fair Value Option for Financial Assets and Financial
Liabilities – Including an amendment of FASB Statement No. 115.”
SFAS 160: “Noncontrolling Interests in Consolidated Financial
Statements – an amendment of ARB No. 51.”
SFAS 161: “Disclosures About Derivative Instruments and Hedging
Activities – an amendment of FASB Statement No. 133.”
Stress testing: A scenario that measures market risk under unlikely
but plausible events in abnormal markets.
Unaudited: Financial statements and information that have not
been subjected to auditing procedures sufficient to permit an inde-
pendent certified public accountant to express an opinion.
U.S. GAAP: Accounting principles generally accepted in the United
States of America.
U.S. government and federal agency obligations: Obligations
of the U.S. government or an instrumentality of the U.S. government
whose obligations are fully and explicitly guaranteed as to the timely
payment of principal and interest by the full faith and credit of the
U.S. government.
U.S. government-sponsored enterprise obligations:
Obligations of agencies originally established or chartered by the U.S.
government to serve public purposes as specified by the U.S.
Congress; these obligations are not explicitly guaranteed as to the
timely payment of principal and interest by the full faith and credit of
the U.S. government.
Value-at-risk (“VaR”): A measure of the dollar amount of potential
loss from adverse market moves in an ordinary market environment.