Supervisory Policy and Guidance Topics
Accounting
Accounting issues encompass some of the most important banking functions and practices such as auditing, internal controls, disclosure, and supervisory financial reporting. The Federal Reserve’s accounting guidance primarily addresses changes to regulatory financial reports and capital or other supervisory requirements arising from changes in accounting, auditing or internal control standards.
Policy Letters
Current Expected Credit Losses (CECL) MethodologyInteragency Policy Statement on Allowances for Credit Losses
Joint Statement on Interaction of the Regulatory Capital Rule: Revised Transition of the CECL Methodology for Allowances with Section 4014 of the Coronavirus Aid, Relief, and Economic Security Act
Frequently Asked Questions on the Current Expected Credit Losses Methodology (CECL)
Interagency Guidance on the New Accounting Standard on Financial Instruments – Credit Losses
Joint Statement on Additional Loan Accommodations Related to COVID-19
Statement on the Implications of the New Lease Accounting Standard on Regulation H
Interagency Statement on Accounting and Reporting Implications of the New Tax Law
Interagency Guidance on the New Accounting Standard on Financial Instruments – Credit Losses
Interagency Frequently Asked Questions (FAQs) on the Regulatory Capital Rule
Addendum to the Interagency Policy Statement on Income Tax Allocation in a Holding Company Structure
Guidance on Managing Outsourcing Risk
Uniform Agreement on the Classification and Appraisal of Securities Held by Depository Institutions
Interagency Supervisory Guidance Addressing Certain Issues Related to Troubled Debt Restructurings
Interagency Guidance on Leveraged Lending
Policy Statement on Rental of Residential Other Real Estate Owned (OREO) Properties
Interagency Guidance on Allowance Estimation Practices for Junior Lien Loans and Lines of Credit
Interagency Supervisory Guidance on Bargain Purchases and FDIC- and NCUA-Assisted Acquisitions
Accounting and Reporting for Commitments to Originate and Sell Mortgage Loans
Interagency Statement on the Purchase and Risk Management of Life Insurance
Accounting for Deferred Compensation Agreements
Risk Management and Valuation of Mortgage Servicing Assets Arising from Mortgage Banking Activities
Derivative Contracts Hedging Trust Preferred Stock
Interagency Guidance on Loans Held for Sale
Supervisory Guidance on Equity Investment and Merchant Banking Activities
Interagency Policy Statement on Income Tax Allocation in a Holding Company Structure
FFIEC Policy Statement on Investment Securities and End-User Derivatives Activities
Regulatory Reporting Requirements for Debt and Equity Securities
Subchapter S Election for Federal Income Taxes
Interagency Guidance on Leveraged Lending
Interagency Statement on Sound Practices Concerning Elevated Risk Complex Structured Finance Activities
Implicit Recourse Provided to Asset Securitizations
Risk Management and Valuation of Retained Interests Arising from Securitization Activities
Additional Resources
- Frequently Asked Questions on the New Accounting Standard on Financial Instruments--Credit Losses (Revised July 31, 2020)
- Accounting Standard Setters
Manual References
- Bank Holding Company Supervision Manual
- Section 2065.1, "Nonaccrual Loans and Restructured Debt (Accounting, Reporting, and Disclosure Issues)"
- Section 2065.2, "Determining an Adequate Level for the Allowance for Loan and Lease Losses (Accounting, Reporting, and Disclosure Issues)"
- Section 2065.3, "Maintenance of an Appropriate Allowance for Loan and Lease Losses (Accounting, Reporting, and Disclosure Issues)"
- Section 2065.4, "ALLL Methodologies and Documentation (Accounting, Reporting, and Disclosure Issues)"
- Section 4060.3, "Consolidated Capital (Examiners’ Guidelines for Assessing the Capital Adequacy of BHCs)"
- Commercial Bank Examination Manual
- Section 1010.1, "Internal Control and Audit Function, Oversight, and Outsourcing"
- Section 2020.1, "Investment Securities and End-User Activities"
- Section 2200.1, "Other Real Estate Owned"
- Sections 4042.1, "Purchase and Risk Management of Life Insurance"
- Section 4030.1, "Asset Securitization"