OCC – Issued new Allowances for Credit Losses (ACL) booklet of comptroller’s handbook

April 15, 2021 – Booklet was prepared for use by OCC examiners in connection with bank exams, supervision.

ACL Booklet
Described CECL methodology’s scope, risks, and primary components to estimate ACLs. Booklet discussed documentation, considerations for expected credit loss – estimation processes, including validation of internal controls, and examiner reviews of ACLs. Maintenance of appropriate ACLs – board director, management responsibilities. Procedures for examiners assessing the appropriateness of bank methodologies, and balances.

For more information, visit www.home.treasury.gov.

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