Interagency Policy Statement On The Allowance For Loan And Lease Losses.pdf

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Preview of Interagency Policy Statement on the Allowance for Loan and Lease Losses
🔗 Source: fdic.gov
📊 Size: 137 KB
👤 Author: Calliope Murphy
⬇️ Downloads: 120

Summary

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration have revised the 1993 policy statement on the allowance for loan and lease losses (ALLL) to ensure consistency with generally accepted accounting principles (GAAP) and recent supervisory guidance. The revised policy statement applies to all depository institutions, except U.S. branches and agencies of foreign banks, and provides guidance on determining an appropriate ALLL, which represents one of the most significant estimates in an institution's financial statements and regulatory reports. The ALLL should be based on a comprehensive, well-documented, and consistently applied analysis of the loan portfolio, taking into consideration all available information, including environmental factors, and should cover estimated credit losses on individually evaluated loans and the remainder of the loan and lease portfolio.

Description

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of...

Technical Information

  • File Format: PDF
  • File Size: 137 KB
  • Pages: 22
  • Language: EN
  • Author: Calliope Murphy
  • Total Downloads: 120
  • Last Updated: 4 months ago

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