OCC 2004-13	
OCC Bulletin

Subject:      Accounting for Loan and Lease Losses
Description:  Interagency Guidance on Accounting for Loan and Lease Losses

Date:         March 1, 2004 

TO:  Chief Executive Officers of All National Banks, Department and 
     Division Heads, and All Examining Personnel

The Office of the Comptroller of the Currency (OCC), the Board of 
Governors of the Federal Reserve System, the Federal Deposit Insurance 
Corporation, the Office of Thrift Supervision, and the National Credit 
Union Administration are jointly issuing the attached “Update on 
Accounting for Loan and Lease Losses.”  The guidance addresses recent 
developments in accounting for loan and lease losses and provides a 
listing of current, authoritative sources of generally accepted accounting 
principles in this area.

For further information, please contact your OCC district accountant or 
the OCC’s Chief Accountant’s office at (202) 874-5180.

				
Emory W. Rushton
Senior Deputy Comptroller and Chief National Bank Examiner 


Attachment: Interagency Guidance
	    http://www.occ.treas.gov/ftp/bulletin/2004-13a.pdf