FAS 107
Financial Accounting Standard No. 107, Disclosures About Fair Value of Financial Instruments. A rule promulgated by the AICPA that requires mark- to-market value disclosure of financial instruments. These disclosures are made in footnotes to published financial statements. FAS 133 amended FAS 107 to include the disclosure provisions about concentrations of credit risk that were formerly in FAS 105. American Banker Glossary