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Paragraph 7 of FASB 107 requires financial institutions to make "....disclosures about fair value for all financial instruments, whether recognized or not recognized in the statement of financial position...." Paragraph 27 of FASB 107 goes on to state that "[a]n estimate of the fair value...may be based on the discounted value of the future cash flows expected to be received...." That is precisely what the Advanced EVE module provides for all items on an institution's general ledger.
Thus, we have adapted the valuations provided by the Advanced EVE module in the "+/- 0" shock scenario for FASB 107 purposes, which can be found in the FASB 107 report. A sample FASB 107 report can be seen below.
For each account, the GL Balance is shown, which corresponds to the book value of the account, along with the average rate of the items that make up that account. The "Application Balance" is the total dollar amount of the underlying items being read, which can differ from the "GL Balance" due to timing and other issues. The "Adjusted Fair Value" should correspond to the present value of the account in the "+/- 0" shock scenario.
The "Discount Rate" is the rate at which the cash flow in that account was discounted in the "+/- 0" shock scenario, and will be shown broken out according to Floating, Fixed, and Adjustable in cases where the discount rate was set at the type level. Also shown is the "Prepayment Assumption" that was made for the account in the "+/- 0" shock scenario. Finally, the "Fair Value Gain/(Loss)" corresponds to the Net Gain/(Loss) calculated for that account in the "+/- 0" shock scenario.
Subtotal accounts are shown in bold, including subtotals for Total Assets and Total Liabilities.
NOTE: Even though you may have excluded EVE accounts (Goodwill), the system will ignore the EVE Exclude parameters. The FASB 107 report will still show the true GL balance and the Adjusted Fair Value shows the Goodwill volume at book.