22 U.S.C. § 5354
Banks loan loss reserves
United States · Title 22 — FOREIGN RELATIONS AND INTERCOURSE · Status: effective
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- Citation
- 22 U.S.C. § 5354, Banks loan loss reserves, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/457888
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Full text
The Federal Reserve Board shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Banking, Finance and Urban Affairs of the House of Representatives a report on the issues raised by including loan loss reserves as part of banks’ primary capital for regulatory purposes by March 31, 1989. Such report shall include a review of the treatment of loan loss reserves and the composition of primary capital of banks in other major industrialized countries, and shall include an analysis as to whether loan loss reserves should continue to be counted as primary capital for regulatory purposes.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Omnibus Trade and Competitiveness Act of 1988House: no recorded tallySenate: no recorded tally