Capital Forbearance for Agricultural Banks: Hearing Before a Subcommittee of the Committee on Government Operations, House of Representatives, Ninety-ninth Congress, Second Session, June 17, 1986, Volume 4 |
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accepted accounting principles Administrator of National agricultural and oil agricultural banks agricultural or oil agricultural/oil and gas AMOUNT ON LINE application assets bank's bankers BANKING ISSUANCE Subject BARNARD BROOKS Call Report capital forbearance policy capital forbearance program Chairman Comptroller CONGRESS THE LIBRARY CRAIG Currency Administrator December 31 Doug Barnard DOWNEY economy energy banks enforcement action Establishments primarily engaged examiners farm banks Farmers Home Administration FASB 15 FDIC gas banks gas loans gas sectors HOWARD Idaho implement interest rate lending limit LIBRARY OF CONGRE LIBRARY OF CONGRESS loan losses LOANS AND LEASES loans secured loans to farmers March 28 MEADOWs National Banks Type nonmember banks Office oil and gas operating payments Petroleum primary capital ratio problem loans qualify real estate regulators report in item residential Restructured Loans ROON secured by real SPRATT statement subcommittee Thank Treasure Valley Bank Troubled Debt Restructurings volume test
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Page 40 - Jr. Chairman Subcommittee on Commerce, Consumer, and Monetary Affairs Committee on Government Operations House of Representatives Washington, DC 20515 Dear Mr. Chairman: This is in response to your letter of September...
Page 46 - Mr. Chairman and members of the subcommittee, I welcome this opportunity to appear before you to...
Page 62 - SEC. 22. (a) In order to enable the board to carry out the provisions of this Act, the Treasury Department, the Comptroller of the Currency, the Federal Reserve Board, and...
Page 61 - Connecticut Delaware District of Columbia Maine Maryland Massachusetts New Hampshire New Jersey New York Pennsylvania Rhode Island Vermont *Virginia Southeast Alabama Arkansas Florida Georgia...
Page 84 - It is important to note that all restructurings do not •••t this definition. For example, a loan which is extended or renewed at a interest rate equal to the current rate for new loans with similar risk would not be classified as a troubled debt restructuring even if the new rate is less than the previous rate. Therefore, only troubled debt restructurings...
Page 75 - Natural gas transmission 4923 Natural Gas Transmission and Distribution Establishments engaged in both the transmission and distribution of natural gas for sale. Natural gas transmission and distribution...
Page 77 - Natural gas distribution 4925 Mixed, Manufactured, or Liquefied Petroleum Gas Production and/or Distribution Establishments engaged in the manufacture and/or distribution of gas for sale, including mixtures of manufactured with natural gas. Establishments distributing liquefied petroleum (LP) gas in steel containers are classified in Retail Trade, Industry 5984.
Page 75 - Oil Field Machinery and Equipment Establishments primarily engaged in manufacturing machinery and equipment for use in oil and gas fields or for drilling water wells.
Page 84 - IS requires that the recorded amount of the loan on the bank's books (principal plus accrued interest) be compared to the total future contractual cash payments (including both principal and interest) expected to be collected. A loss is recognized only if the total of such future combined payments is less than the recorded amount of the loan. Otherwise, no loss is recognized and the only additional accounting requirement is to determine the new effective interest cat* for income recognition purposes.
Page 51 - Ho. 15 (FAS 15) to account for restructured debt. FAS 15 can, under certain circumstances, be used to account for concessions in financing terms (ie . reduction of either principal or interest) granted to borrowers experiencing financial difficulty without requiring the institution to record any losses.