January 20, 1995
TO: ACCOUNTING/TREASURERS COMMITTEE No. 5-95
INDEPENDENT ACCOUNTANTS ADV. GROUP No. 1-95
RE: NOTICE OF MEETING - MARCH 1, 1995
______________________________________________________________________________
This is to inform you that there will be a joint meeting of the Accounting/Treasurers
Committee and the Independent Accountants Advisory Group on Wednesday, March 1, 1995 at
the Offices of the Investment Company Institute. The ICI is located at 1401 H Street, NW, in
Washington, DC. The meeting will take place in the David Silver Conference Room which is
located on the twelfth floor.
The meeting is scheduled to begin at 10:00 a.m. Larry Friend, Chief Accountant of the
Division of Investment Management will join the meeting at 11:00 a.m. to update the
Committee on current SEC concerns. Lunch will be served and the meeting is expected to
continue until approximately 2:00 p.m. An Accounting Policy Subcommittee meeting has been
scheduled for the afternoon of Tuesday, February 28. A separate notice has been sent to
members of that group.
For your convenience, we have reserved a block of sleeping rooms at the Grand Hyatt
Washington for the night of Tuesday, February 28 at the rate of $149.00 single/double. To
make a reservation, please call the hotel at 202/582-1234 by January 28 and ask for a room in
the Investment Company Institute Accounting/Treasurers block of rooms.
Please complete and return the attached meeting response form (even if you do not plan to
attend) by February 17 to Agnes Thomas either by fax (202/326-5853) or return mail to:
Agnes Thomas
Investment Company Institute
1401 H Street, NW
Washington, DC 20005-2148
If you have any current issues which you would like to place on the meeting agenda
please call Greg Smith at the ICI (202/326-5851) or include them on the attached meeting
response form. An agenda for the March 1 meeting will follow.
1995 Committee Meeting Dates
For your information, 1995 meetings of the Accounting/Treasurers Committee as well
as the Institute’s 1995 Tax and Accounting Conference are as follows:
Accounting/Treasurers Committee March 1, 1995
Accounting/Treasurers Committee June 22, 1995
Tax & Accounting Conference September 17-20, 1995
Accounting/Treasurers Committee November 16, 1995
Accounting Policy Subcommittee Project Priority Ranking
Attached is a list of potential topics to be addressed by the Accounting Policy
Subcommittee. Please rank the topics in terms of priority in which you feel they should be
addressed (1 = highest priority, 10 = lowest priority). Also, please feel free to suggest
additional topics. Your priority ranking and suggestions will be used by the APS in setting its
agenda for the forthcoming year. Please fax your priority ranking to the Institute with your
meeting response form.
Susan Cote Donald Boteler
Chair - Vice President - Operations
Accounting/Treasurers Committee
Attachment
ACCOUNTING/TREASURERS COMMITTEE
INDEPENDENT ACCOUNTANTS ADVISORY GROUP
Wednesday, March 1, 1995
Investment Company Institute
1401 H Street, N.W.
Washington, D.C.
Meeting Response Form
NAME:
FIRM:
AGENDA ITEMS:
Please indicate below whether you will be attending the following:
YES NO
Meeting
Lunch
Please send this completed form (even if you do not plan to attend) no later than February 17, 1995
either by fax (202/326-5853) or return mail to:
Agnes Thomas
Investment Company Institute
1401 H Street, NW
Washington, DC 20005-2148
NOTE: To make a room reservation, please call the Grand Hyatt Washington at 202/582-1234
by January 28, 19954 and request a room in the Investment Company Institute
Accounting/Treasurers block of rooms.
ACCOUNTING POLICY SUBCOMMITTEE
of the
ACCOUNTING/TREASURERS COMMITTEE
Completed Projects
o Multiple Class Accounting and Reporting 3/31/92
o Mortgage-Backed Securities 4/29/93
o ROC-SOP Implementation Guidance 8/3/93
o PIK Bonds 8/4/94
o Mortgage Dollar Rolls 8/30/94
Current Projects
o Foreign Currency Exchange Contracts
o Interest Only/Principal Only Securities
o FAS 119 Model Disclosures
Future Projects
Please rank the following topics in terms of priority in which you feel they should be addressed
by the APS (1 = highest priority, 10 = lowest priority). Please feel free to suggest additional
topics.
Rank Topic Rank Topic
Adjustable Rate Mortgages Swaps
Brady Bonds Floaters/Inverse Floaters
Closed-end Leverage Issues REMICs
(ARPS, Debt, Ratings Compliance)
Securities Lending
CMOs/CMO Residuals
Structured Notes
Financial Futures
Suggestions:
Please fax the completed ranking to Agnes Thomas at (202/326-5853).