Only complete this Part if you need to use the value of assets to meet the income requirements. If your Total Household Income (indicated on Line 24c) is equal to or more than needed to meet the income requirement as shown by the current Poverty Guidelines (Form I-864P) for your household size (indicated on Line 21h), you do not need to complete this Part. If your total household income does not meet the requirement, you may submit evidence of the value of your assets, the sponsored immigrant's assets, and/or assets of a household member that can be used, if necessary, for the support of the intending immigrant(s). The value of assets of all of these persons may be combined in order to meet the necessary requirement.

Only assets that can be converted into cash within one year and without considerable hardship or financial loss to theowner may be included. The owner of the asset must include a description of the asset, proof of ownership, and the basis for the owner's claim of its net cash value.

You may include the net value of your home as an asset. The net value of the home is the appraised value of the home,minus the sum of any and all loans secured by a mortgage,trust deed, or other lien on the home. If you wish to include the net value of your home, this, you must include documentation demonstrating that you own it, a recent appraisal by a licensed appraiser, and evidence of the amount of any and all loans secured by a mortgage, trust deed, or other lien on the home. You may not include the net value an automobile unless you show that you have more than one automobile, and at least one automobile is not included as an asset.

To use your own assets, you must complete lines 26a through26d and submit corresponding evidence with this form.Supporting evidence must be attached to establish location,ownership, date of acquisition, and value of any real estate holding.

thanks for your help thus far, YuAndDan!

I guess my question is: is it sufficient to just send a copy of a monthly statement stating that you hv X amount in the bank, or does it have to be a formal letter from the bank to say how much it's in the bank?
I think I've read somewhere that you have to do a balance sheet of how much you've spent/ deposited in the past year... and i wasn't sure if that's something i'll have to submit that...

thanks!

The sponsor must submit in duplicate evidence of income and resources, as appropriate:

A. Statement from an officer of the bank or other financial institution where you have deposits, giving the following details regarding your account:

1. Date account opened;
2. Total amount deposited for the past year;
3. Present balance

You are referring to the instructions for form I-134 which is used for K-Visa interviews.

Oh i see! But I am guessing that is NOT necessary for the I-864, correct?

Bank statement is not needed for I-864. Just your recent pay stub plus a letter from employer would suffice it for I-864. You don't need to notarize I-864.