Data Dictionary
Item Number 4233
PROVISION FOR POSSIBLE LOAN LOSSES ON REAL ESTATE LOANSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| RIAD4233 | 1979-06-30 | 1985-12-31 | No | FDIC 8040/51 |
Data Description:
All banks which are on an accrual basis in accounting for loan losses report against this item an estimated amount sufficient to bring the balance in "Allowance for Possible Loan Losses on Real Estate Loans (3121)" to an adequate level to absorb expected loan losses based upon management's knowledge of the bank's loan portfolio as presently evaluated. It is the responsibility of the management of the reporting bank to determine an adequate loan loss provision based upon their own judgment. Management's judgment as to the adequacy of the loan loss provision is subject to review by examiners during the course of their examination. Management is, therefore, required to maintain a reviewable record of the basis for their determination of the loan loss provision.
NOTE:
This item is reported by mutual savings banks only.