dockets: OCC-2019-0013

Regulatory dockets from Regulations.gov — containers for related documents and comments in a rulemaking proceeding.

Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API

This data as json

id agency_id title docket_type last_modified object_id rin dkabstract category subtype keywords program short_title effective_date organization attrs_raw attr_source
OCC-2019-0013 OCC INTERAGENCY POLICY STATEMENT ON ALLOWANCES FOR CREDIT LOSSES Nonrulemaking 2023-05-15T10:51:48Z 0b00006483dc6a04   The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (collectively, the banking agencies), and the National Credit Union Administration (collectively, the agencies) are inviting public comment on a proposed interagency policy statement on allowances for credit losses (ACLs). The agencies are issuing this proposed interagency policy statement in response to changes to U.S. generally accepted accounting principles (GAAP) as promulgated by the Financial Accounting Standards Board (FASB) in Accounting Standards Update (ASU) 2016–13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments and subsequent amendments issued since June 2016. These updates are codified in Accounting Standards Codification (ASC) Topic 326, Financial Instruments—Credit Losses (FASB ASC Topic 326). This proposed interagency policy statement describes the measurement of expected credit losses under the current expected credit losses (CECL) methodology and the accounting for impairment on available-for-sale (AFS) debt securities in accordance with FASB ASC Topic 326; supervisory expectations for designing, documenting, and validating expected credit loss estimation processes, including the internal controls over these processes; maintaining appropriate ACLs; the responsibilities of boards of directors and management; and examiner reviews of ACLs.     ["credit loss"]         {"displayProperties": [], "keywords": ["credit loss"], "modifyDate": "2023-05-15T10:51:48Z", "dkAbstract": "The Office of the Comptroller of the Currency, the Board of Governors\nof the Federal Reserve System, the Federal Deposit Insurance Corporation (collectively, the banking agencies), and the National Credit Union Administration (collectively, the agencies) are inviting public comment on a proposed interagency policy statement on allowances for credit losses (ACLs). The agencies are issuing this proposed interagency policy statement in response to changes to U.S. generally accepted accounting principles (GAAP) as promulgated by the Financial Accounting Standards Board (FASB) in Accounting Standards\nUpdate (ASU) 2016\u201313, Financial Instruments\u2014Credit Losses (Topic 326):\nMeasurement of Credit Losses on Financial Instruments and subsequent\namendments issued since June 2016.\nThese updates are codified in Accounting Standards Codification\n(ASC) Topic 326, Financial Instruments\u2014Credit Losses (FASB ASC\nTopic 326). This proposed interagency policy statement describes the measurement of expected credit losses under the current expected credit losses (CECL) methodology and the accounting for impairment on available-for-sale (AFS) debt securities in accordance with FASB ASC Topic 326; supervisory expectations for designing, documenting, and validating expected credit loss estimation processes, including the internal controls over these processes; maintaining appropriate ACLs; the responsibilities of boards of directors and management;\nand examiner reviews of ACLs.", "agencyId": "OCC", "program": null, "shortTitle": null, "subType2": null, "title": "INTERAGENCY POLICY STATEMENT ON ALLOWANCES FOR CREDIT LOSSES ", "generic": null, "field1": null, "docketType": "Nonrulemaking", "petitionNbr": null, "rin": null, "organization": null, "legacyId": null, "subType": null, "category": null, "field2": null, "effectiveDate": null, "objectId": "0b00006483dc6a04"} single_get

Links from other tables