Sec. 32.4020  Notes payable.

    (a) This account shall include the face amount of notes, drafts, and 
other evidences of indebtedness issued or assumed by the company (except 
interest coupons) which are payable on demand or not more than one year 
or less from date of issue.
    (b) Subsidiary record categories shall be maintained for this 
account in order that the company may separately report the amounts 
contained herein

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that relate to nonaffiliates and affiliates. Such subsidiary record 
categories shall be reported as required by Part 43 of this Commission's 
Rules and Regulations.
    (c) If any part of an obligation, otherwise includable in this 
account matures more than one year from date of issue, it shall be 
included in Account 4210, Funded Debt, 4260, Advances from Affiliated 
Companies, or other appropriate account.
    (d) The records supporting the entries to this account shall be kept 
so that the company can furnish complete details as to each note, when 
it is issued, the consideration received, and when it is payable.