Board of Governors of the Federal Reserve System

The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.

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Data Dictionary

Item Number J807

LOANS AND SECURITIES: ALLOWANCE FOR LOAN LOSSES

Call confidentiality applies to FFIEC 031/041.

Series	Start Date	End Date	Confidential?	Reporting Forms
FRBSJ807	2008-11-20	9999-12-31	Yes	FR 34

Data Description:

In accordance with paragraph 1.06, Reserve Banks are required to recognize a loss on a loan when it is probable that the loan will be uncollectible in whole or in part and the amounts of losses are estimable. Detailed instructions on how to recognize, measure, and record an allowance for loans loss are provided in paragraph 81.01 Allowance for Loan Losses. The Reserve Banks should use account 145-360 to record allowances for loan losses. Allowances recorded in this account must be approved by the RBOPS FRB Financial Accounting Section.

Last update: Apr 23, 2024