Assets classified loss

Assets classified loss means:
(1) When measured as of the date of examination of an FDIC-supervised institution, those assets that have been determined by an evaluation made by a state or Federal examiner as of that date to be a loss; and
(2) When measured as of any other date, those assets:
(i) That have been determined -
(A) By an evaluation made by a state or Federal examiner at the most recent examination of an FDIC-supervised institution to be a loss; or
(B) By evaluations made by the FDIC-supervised institution since its most recent examination to be a loss; and
(ii) That have not been charged off from the FDIC-supervised institution's books or collected.

Source

12 CFR § 324.2


Scoping language

As used in this part:

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