Current Expected Credit Losses (CECL) Webinar:
Weighted-Average Remaining Maturity (WARM) Method
Summary:
The federal financial institution regulatory agencies will host an interagency webinar focusing on the application of the Weighted-Average Remaining Maturity (WARM) method for estimating allowances for credit losses in accordance with Accounting Standards Update No. 2016‑13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This event will be held in conjunction with the Financial Accounting Standards Board (FASB), the U.S. Securities and Exchange Commission (SEC), and the Conference of State Bank Supervisors (CSBS). The webinar is scheduled for April 11, 2019, at 2:00 p.m. Eastern Time.
Statement of Applicability to Institutions With Total Assets Under $1 Billion:
This Financial Institution Letter applies to all FDIC-supervised institutions, but is particularly targeted to smaller, less complex institutions.
Distribution:
FDIC-Supervised Institutions
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