On September 29, the Office of the Comptroller of the Currency (OCC) released an update to the Bank Accounting Advisory Series (BAAS). The BAAS covers a variety of topics and promotes consistent application of accounting standards among national banks and federal savings associations. This update includes recent answers to frequently asked questions from the industry and examiners covering areas such as troubled debt restructurings, other real estate owned and pushdown accounting.
Continue Reading OCC Announces Update to Accounting Interpretations On TDRs, OREO and Pushdown Accounting