Details:

Publisher's site:
https://www.fdic.gov
Corporate Authors:
Federal Deposit Insurance Corporation (FDIC)
Description:
The federal financial institution regulatory agencies have issued a Joint Statement on the New Accounting Standard on Financial Instruments – Credit Losses regarding the Financial Accounting Standards Board's new standard, which introduces the current expected credit losses methodology (CECL) for estimating allowances for credit losses. The joint statement also provides initial supervisory views regarding the implementation of the new accounting standard.
Content Notes:
Link to this FIL included in FIL-79-2016
Subject:
[+]
Accounting, Auditing, and Securities Disclosure
Dataset Download URL:
https://www.fdic.gov/news/financial-institution-letters/2016/fil16039.pdf
Format:
PDF
Release Date:
06/17/2016
Update Date:
06/17/2016
Withdrawn Date:
Not Available
Agencies Involved:
Federal Deposit Insurance Corporation (FDIC)Board of Governors of the Federal Reserve System (The Fed)Office of the Comptroller of the Currency (OCC)National Credit Union Administration (NCUA)
Fdic Employee Involved:
John RiegerChristine BouvierKenneth Johnson
Other Institutions Involved:
Financial Accounting Standards Board (FASB)
Source:
FDIC Website
Memorandum To:
FDIC-Supervised Banks (Commercial and Savings) and FDIC-Supervised Savings Associations
FIL Number:
FIL-39-2016
Main Document Checksum:
[+]
urn:sha256:fc186ff0cfb40e34549888b1b42cf3798fce3155b80ea8e4ab588ef997c17a1c
Download URL:
https://archive.fdic.gov/view/fdic/6906/fdic_6906_DS1.pdf
File Type:

Supporting Files

• Joint Statement on the New Accounting Standard on Financial Instruments - Credit Losses

  pdf

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