White Papers for Federal Financial Institutions Examination Council (FFIEC)

Policy Statement on Allowance for Loan and Lease Losses Methodologies and Documentation for Banks and Savings Institutions

Office of the Comptroller of the Currency

The Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency OCC), and the Office of Thrift Supervision (OTS) (collectively referred to as the ‘‘banking agencies’’), is adopting an interagency Policy Statement on Allowance for Loan and Lease Losses (ALLL) Methodologies and documentation for banks and savings institutions (Policy Statement). The National Credit Union Administration NCUA), also a member of the FFIEC, is currently reviewing this policy and may issue similar guidance specifically directed toward credit unions. This Policy Statement is intended to provide guidance on the design and implementation of ALLL methodologies and supporting documentation practices.

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