tailieunhanh - 1GA Report to the Congress December 1988 FINANCIAL AUDIT Federal Home Loan Banks 1987_part7

qua nhiều năm. Như một kết quả. FIRF bị đình chỉ sử dụng lao động cho năm kế hoạch endlng 30 tháng 6 năm 1988. Contrlbutlons để kế hoạch sẽ phục hồi ngay khi kế hoạch IS không còn tình trạng toàn fundlng 1x1 dựa trên determlnatlons hàng năm bởi FIRF. | Financial Statements during the past several years. As a result FIRF suspended employer contributions for the plan year ending June 30 1988. Contributions to the plan will resume when the plan IS no longer in full-funding status based on annual determinations by FIRF. Pension costs of the plan charged to other operating expenses were approximately 5 423 000 m 1987 8 185 000 in 1986 and 6 880 000 m 1985. FIRF does not segregate its assets liabilities or costs by participating employer. As a result disclosure of the accumulated benefit obligation plan assets and the components of annual pension expense attributable to the FHLBanks cannot be made. The FHLBanks contributions to the FITP consist of a basic contribution equal to a percentage of participants compensation and a matching contribution equal to a percentage of voluntary employee contributions subject to certain limitations. The FHLBanks contributed approximately 3 740 000 3 200 000 and 3 636 000 to the FITP in 1987 1986 and 1985 respectively. In November 1986 certain of the FHLBanks adopted deferred compensation plans available to all officers which m substance are unfunded supplemental retirement plans. The related pension liability consists of the accumulated compensation deferrals and accrued interest on the deferrals as provided in Statement No. 87 of the Financial Accounting Standards Board. . COMMITMENTS Rental expense of approximately 34 127 000 in 1987 30 118 000 in 1986 and 25 735 000 m 1985 for premises and equipment has been charged to other follows Í Operating expense. Future minimum rentals are as Premises Equipment Ictal m thousands 1988 17 191 7 668 24 859 1989 16 465 5 128 21 593 1990 14 109 2 802 16 911 1991 12 151 1 086 13 237 1992 11 088 546 11 634 1993-2007 33 .35 270 . A Total 106 238 Ĩ1U26S The lease agreements for the FHLBanks premises provide for increases in the basic rentals resulting from increased property taxes and maintenance expense. Commitments for advances to .