Section 673.010 - Determination of total assets for purposes of NRS 673.260 and 673.430Except as provided in this section, for the purposes of NRS 673.260 and 673.430, "total assets" are the dollar cost of the various assets appearing in a statement of condition. The Administrator of Financial Institutions will adjust the cost downward in the amount of the following items:
1. Reserves or allowances for depreciation, computed in accordance with accepted accounting practice;2. Specific loss reserves established by the Administrator pursuant to NRS 673.319, but not blanket, unallocated reserves;3. The amount carried as loans in process on the liability side of the annual statement of condition; and4. The amount of any offset under liabilities which in effect reduces an asset, purchased at a discount and carried as an asset at face value, to its amortized cost.Nev. Admin. Code § 673.010
Comm'r of Savings Associations, No. 1976-1, eff. 7-2-76-NAC A by Admstr. of Financial Institutions, eff. 6-29-84