Title 22 — Foreign Relations and IntercourseRelease 119-73not60
§5354 Banks Loan Loss Reserves
Title 22 › Chapter 62— INTERNATIONAL FINANCIAL POLICY › Subchapter IV— FINANCIAL REPORTS › § 5354
Summary
By March 31, 1989, the Federal Reserve Board must send a report to the Senate and House banking committees on counting loan loss reserves as banks' primary capital, comparing other industrialized countries and whether they should.
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 5, 2026
Release point: 119-73not60