The League – Fostering Financial Wellbeing for All

FRB: Questions and Answers on Accounting for Loan and Lease Losses (December 2006)

These interagency questions and answers focus on topics about which examiners, institutions, and accountants frequently inquire concerning the allowance for loan and lease losses (ALLL). The questions and answers are grouped into subject areas that are presented in the same order as the sections in the 2006 Interagency Policy Statement.