Loan Loss Reserve Policy Update

Product Update Notification - 01/23/07

Loan Loss Reserve Policy Template Update Detail

What's Revised

Topic 2 - Policy Statement. The "General" subtopic was revised and the following subtopics were added:

Nature and Purpose of ALLL

Goals and Objectives (Formerly Topic 5 and expanded)

Topic 3 - Responsibility. The responsibilities of the Board of Directors and Senior Management now have expanded individual subtopics. In addition, the subtopic of "Chief Credit Officer" was replaced by the "Senior Management" subtopic, as some clients stated that various duties of ALLL administration were delegated to more than one member of Senior Management.

Topic 5 - Evaluation Process. Formerly Topic 6, four new paragraphs were added to the beginning of this topic.

Topic 7 - Methodology. The following subtopics were revised:

Factors to Consider in the Estimation of Credit Losses

Other Ratio Analysis

Topic 9 - ALLL FAS 114 Guidelines. The second and third paragraphs were revised.

Topic 10 - ALLL FAS Guidelines. The "General" subtopic was revised and a new subtopic entitled "Measurement Guidelines of Estimated Credit Losses Under FAS 5" was added.

Topic 12 - Recoveries. A reference to a financial institution's Nonaccrual and Charged-Off Loan Policy was added as a second paragraph.

Ordering Information

This revised product is available to purchase from Bankpolicies.com for:

$275.00 - List Price

- or -

$50.00* - Update Price

*Applies only to clients who have purchased our Loan Loss Reserve (ALLL) Policy Template within the last three years in addition to the following prior update (if applicable):

Loan Loss Reserve (ALLL) Policy Template Update - 05/02/06 - $75.00

If you have ordered this product after 12/23/06 you are eligible to receive the updated product at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.

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