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CECL Capital Proposed Rule

Type: Regulation

Federal Register Document Type: Proposed

Description:

Revise FCA’s Tier 1/ Tier 2 Regulatory Capital Framework (Capital Rule) to address changes to U.S. generally accepted accounting principles (U.S. GAAP) described in Accounting Standards Update No. 2016–13, Topic 326, Financial Instruments—Credit Losses (ASU 2016–13) and make conforming amendments to other regulations to accurately reference credit losses

Text of Comment Letter

See attached on behalf of the Farm Credit System. Thanks!

Laura Conroy, CPA | VP & Controller

voice (651) 282-8430 | email Laura.Conroy@AgriBank.com

30 E. 7^th Street, Suite 1600 | St. Paul, MN 55101

This communication is intended for the exclusive use of the addressee(s). It may contain information that is privileged, confidential and/or protected from disclosure, and that may be subject to the Electronic Communications Privacy Act of 1986, as amended. If you are not the intended recipient, any review, dissemination, distribution or copying of the communication is strictly prohibited. Please notify me immediately by telephone and/or reply e-mail and destroy this message and attachments.

Attachments:

System CECL Response FINAL 11.22.pdf