§ 5354. — Banks loan loss reserves.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC5354]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 62--INTERNATIONAL FINANCIAL POLICY
SUBCHAPTER IV--FINANCIAL REPORTS
Sec. 5354. Banks loan loss reserves
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.
(Pub. L. 100-418, title III, Sec. 3604, Aug. 23, 1988, 102 Stat. 1388.)
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.
