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OCC Bulletin 2023-28 | August 15, 2023

Accounting: Bank Accounting Advisory Series Updated


Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties


The Office of the Comptroller of the Currency (OCC) today released an update to the Bank Accounting Advisory Series (BAAS). The BAAS contains staff responses to frequently asked questions from the banking industry and bank examiners on a variety of accounting topics and promotes consistent application of accounting standards and regulatory reporting among banks.1


This bulletin rescinds OCC Bulletin 2022-20, “Accounting: Bank Accounting Advisory Series Updated,” which conveyed the 2022 edition of the BAAS.

Note for Community Banks

The BAAS applies to all banks.


This edition of the BAAS reflects updates to accounting standards issued by the Financial Accounting Standards Board on topics including

  • eliminating the recognition and measurement of troubled debt restructurings by creditors.
  • loan modifications.
  • credit losses.

Additionally, this edition includes recent answers to frequently asked questions from the industry and examiners.

The BAAS does not represent rules or regulations of the OCC. Rather, it represents the Office of the Chief Accountant’s interpretations of generally accepted accounting principles and regulatory guidance based on the facts and circumstances presented.

Further Information

Please contact Carol Raskin, Senior Policy Accountant, at (202) 649-6280.


Grovetta N. Gardineer
Senior Deputy Comptroller for Bank Supervision Policy

Related Link

1 "Banks" refers collectively to national banks, federal savings associations, covered savings associations, and federal branches and agencies of foreign banking organizations.