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The following are references covering OCC Bulletins, interagency advisories, and reports in the Federal Register concerning accounting topics that are applicable to OCC-regulated institutions.
Accounting for Loan and Lease Losses (ALLL)
The allowance for loan and lease losses, originally referred to as the reserve for bad debts, is a valuation reserve established and maintained by charges against a bank's operating income.
Accounting and Reporting for Mortgage Loan Commitments (OCC Bulletin 2005-18) | Interagency Advisory (PDF)
Covers origination of mortgage loans held for resale and sale of mortgage loans under mandatory delivery and best efforts contracts
Bank Accounting Advisory Series
This edition of the Bank Accounting Advisory Series expresses the Office of the Chief Accountant's views on accounting topics of interest to national banks and federal savings associations.
Current Expected Credit Losses (CECL)
The Financial Accounting Standards Board (FASB) issued a new expected credit loss accounting standard in June 2016. The new accounting standard introduces the CECL methodology for estimating allowances for credit losses.
Deferred Compensation Agreement Accounting (OCC Bulletin 2004-10) | Interagency Advisory (PDF)
Covers proper measurement and reporting of deferred compensation agreements to avoid incorrect accounting
Income Tax Allocation in a Holding Company Structure (Interagency Statement, Federal Register, 11/23/1998) (PDF)
Provides guidance on the allocation and payment of taxes among a holding company and its depository institution subsidiaries
Other-than-Temporary Impairment Accounting (OCC Bulletin 2009-11)
Covers accounting and management considerations when determining whether a security has an "other-than-temporary impairment"
Unsafe and Unsound Use of Limitation of Liability Provisions in External Audit Engagement Letters (Interagency Advisory, Federal Register 71 FR 6847, 02/09/2006)
Addresses comments from interested parties regarding limit of liability provisions in external audit engagement letters