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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations



From: JIM SCHNELLER [mailto:jasinvstr@yahoo.com]
Sent: Tuesday, August 03, 2004 7:41 AM
To: Comments
Subject:

Banks are required to report quarterly, their experience on past due loans and losses on loans.

In fairness to informed consumers and shareholders,it would be in their best interest to have information related to the the number and amount of losses and potential losses related to overdrafts extended to consumers.

If the institution offers both pre-screened overdraft services as well as the overdraft protection without a
pre-screening process, the prescreened are included in the RCN-N schedule as loans and reflect in the loan loss amounts on the call report. Since they are both loans by the institution, the latter being the highest risk since little pre-screening is done, then it just makes sense that the bank's experience should be made public.


Last Updated 08/06/2004 regs@fdic.gov

Last Updated: August 4, 2024