Fed Launches Second Tool to Help Community Banks Meet Accounting Standard

Abstract: The Expected Losses Estimator (ELE) is a spreadsheet-based tool to help community banks calculate allowances for credit losses under the CECL standard.

Keywords: community banks; accounting standards;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Source: On the Economy

Publication Date: 2022-07-28

Note: This post is part of a series titled “Supervising Our Nation’s Financial Institutions.”