CECL Effective Dates
| Entity Type | CECL Effective Date |
|---|---|
| SEC filers, excluding entities eligible to be smaller reporting companies (SRCs) | Fiscal years beginning after 12/15/2019, including interim periods within those fiscal years |
| All other entities, including SRCs | Fiscal years beginning after 12/15/2022, including interim periods within those fiscal years |
Supervisory Resources
Frequently asked questions, advisories, statements of policy, and other information issued by the FDIC alone, or on an interagency basis, provided to promote safe-and-sound operations.
- Interagency Policy Statement on Allowance for Credit Losses describes the measurement of expected credit losses under the CECL methodology and the accounting for impairment on available-for-sale debt securities in accordance with GAAP; the design, documentation, and validation of expected credit loss estimation processes, including the internal controls over these processes; the maintenance of appropriate allowance for credit losses (ACLs); the responsibilities of boards of directors and management; and examiner reviews of ACLs
- Joint Statement on the New Accounting Standard on Financial Instruments — Credit Losses provides information about Accounting Standards Update (ASU) No 2016-13, which introduces CECL
- Frequently Asked Questions address the application of CECL and related useful information
- For questions concerning the CECL accounting standard, please contact CECL@fdic.gov
Videos/Webcasts/Teleconferences
Informational videos and recordings of prior webcasts and teleconferences.
- Weighted-Average Remaining Maturity (WARM) method from the April 11, 2019 webinar: transcript, presentation, and audio recording (Accessed using “webcaster” link at https://www.fdic.gov/news/conferences/otherevents/2019-04-11-cecl.html)
- CECL: Questions and Answers for Community Institutions transcript from the July 30, 2018 webinar — presentation and audio recording
- Practical Examples of How Smaller, Less Complex Community Banks Can Implement CECL transcript from the February 27, 2018 webinar — audio recording
- Current Expected Credit Losses (video for Bankers and Directors)