The FASB proposes to adopt an expected credit loss approach that would
replace several methods now used in accounting for credit losses, including
loans where impairment is now based on a probable incurred-loss model. The
proposal would apply to loans and debt securities carried at amortized cost
and fair value with changes reported in other comprehensive income. The
proposal is intended to require more timely recog¬nition of credit
Bankers are encouraged to review the FASB's ASU and submit comments to the
FASB on those aspects of the proposal of interest to them. The FASB extended
its comment deadline from April 30 to May 31, 2013. The ASU can be accessed
The FASB has also provided an Electronic Feedback Form at https://www.fafsurveys.org/se.ashx?s=4CA36E9212DA4751.
The FDIC's teleconference will be on May 16, 2013, from 1:00 p.m. to 2:30
p.m. EDT and will consist of a presentation followed by a
question-and-answer period. A transcript of the call will be made available
after the call.
Financial institution officers and employees wishing to partici-pate in the
FDIC call should dial 888-769-8516 and enter passcode 9436220#. Please join
the presentation 30 minutes before the 1:00 p.m. EDT start time.
PowerPoint slides are an integral part of the teleconference presentation.
Participants are encouraged to have a copy of the slides with them during
the presentation. A PDF version of the slide presentation is available at Telecon 5-16 - FI - Credit
Losses - PDF (PDF Help).
FDIC-Supervised Banks (Commercial and Savings)
FDIC Supervised Savings Associations
Chief Executive Officer
Chief Credit Officer
Chief Financial Officer
Principal Accounting Officer
Consolidated Reports of Condition and Income (Call Report)
Telecon 5-16 - FI - Credit Losses -
PDF (PDF Help)
Transcript of Teleconference PDF
Robert F. Storch, Chief Accountant, at RStorch@FDIC.gov or (202) 898-8906
Gregory E. Eller, Deputy Chief Accountant, at
Geller@FDIC.gov or (202) 898-3831
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies may be obtained via the FDIC's Public Information Center, 3501
Fairfax Drive, E 1002, Arlington, VA 22226 (877-275-3342 or 703 562 2200)