Title 22 — Foreign Relations and IntercourseRelease 119-73

§5354 Banks loan loss reserves

Title 22 › Chapter CHAPTER 62— - INTERNATIONAL FINANCIAL POLICY › Subchapter SUBCHAPTER IV— - FINANCIAL REPORTS › § 5354

Last updated Apr 6, 2026|Official source

Summary

By March 31, 1989, the Federal Reserve must tell the Senate and House banking committees whether loan loss reserves should count as primary capital and report on other countries' capital composition.

Full Legal Text

Title 22, §5354

Foreign Relations and Intercourse — Source: USLM XML via OLRC

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

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Change of Name

Committee on Banking, Finance and Urban Affairs of House of Representatives treated as referring to Committee on Banking and Financial Services of House of Representatives by section 1(a) of Pub. L. 104–14, set out as a note preceding section 21 of Title 2, The Congress. Committee on Banking and Financial Services of House of Representatives abolished and replaced by Committee on Financial Services of House of Representatives, and jurisdiction over matters relating to securities and exchanges and insurance generally transferred from Committee on Energy and Commerce of House of Representatives by House Resolution No. 5, One Hundred Seventh Congress, Jan. 3, 2001.

Reference

Citations & Metadata

Citation

22 U.S.C. § 5354

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73