On March 27, 2025, the FDIC released an update to its Risk Management Manual of Examination Policies. In particular, the section “Other Assets and Liabilities” was updated.
Section 3.7 of the manual was revised to:
Align with current Generally Accepted Accounting Practices (GAAP);
Incorporate references to Part 324 of the FDIC rules and regulations for various topics; and
Provide examiner guidance on contingent liabilities associated with loan sales and loan servicing activities.
The FDIC’s Risk Management Manual of Examination Policies can be found here.
