Highlights:
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The FDIC recognizes that prudent CRE workouts are often in the best interest
of financial institutions and creditworthy CRE borrowers.
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Financial institutions and borrowers face significant challenges when
dealing with diminished operating cash flows, depreciated collateral values,
or prolonged sale and rental absorption periods.
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Financial institutions engaging in workout activities have raised questions
regarding CRE workouts and the related accounting issues, including the
treatment for TDRs.
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The seminar will consist of a short discussion regarding the CRE-related
issues raised by financial institutions, followed by a question-and-answer
period.
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Participants are encouraged to submit questions in advance to RAC@FDIC.gov with CRE Workouts or CRE
Accounting in the subject line.
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Financial institution officers and employees wishing to participate in this
free telephone seminar should dial 888-946-8383 and enter pass code 2915837#
to join the presentation 30 minutes before the 1:00 p.m. EST start time.
Distribution:
FDIC-Supervised Banks (Commercial and Savings)
FDIC-Supervised Savings Associations
Suggested Routing:
Chief Executive Officer
Chief Lending Officer
Chief Financial Officer
Chief Accounting Officer
Call Report Preparer
Related
Topics:
Policy Statement on Prudent CRE Workouts (FIL-61-2009)
Managing CRE Concentrations in a Challenging Environment (FIL-22-2008)
Interagency Statement on Meeting the Needs of Creditworthy Borrowers (FIL-128-2008)
Allowance for Loan and Lease Losses: Revised Policy Statement and Frequently
Asked Questions (FIL-105-2006)
Consolidated Reports of Condition and Income
Attachment:
Transcript: Seminar on
Commercial Real Estate Loan Workouts and Related Accounting Issues
Contact:
For supervisory issues:
Beverlea S. Gardner, Senior Examination Specialist, at BGardner@FDIC.gov or (202) 898-3640
For regulatory reporting and accounting issues:
Robert F. Storch, Chief Accountant, at RStorch@FDIC.gov or (202) 898-8906
Note:
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web
site at www.fdic.gov/news/news/financial/2011/index.html.
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC financial institution letters may be obtained through the
FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA
22226 (1-877-275-3342 or 703-562-2200).
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