The attached "Guidance on Other Real Estate":
- Emphasizes the need to properly maintain ORE.
- Reinforces the importance of and details the expenses associated with maintaining and protecting ORE from further deterioration.
- Addresses the need to comply with requirements for obtaining initial and updated values for ORE.
- Summarizes the accounting and reporting standards for ORE in each phase of ownership: acquisition, holding period, and disposition.
FDIC-Supervised Banks (Commercial and Savings)
Chief Executive Officer
Chief Loan Officer
Chief Financial Officer
Real Estate Lending
Accounting for Other Real Estate
Guidance on Other Real Estate
Beverlea (Suzy) Gardner, Senior Examination
Specialist, at BGardner@FDIC.gov or (202) 898-
3640 and Leonard J. Bixby, Policy Analyst (Bank
Accounting), at LBixby@FDIC.gov or (202) 898-
FIL-62-2008 - PDF (PDF Help)
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may be obtained via the FDIC's Public Information
Center (1-877-275-3342 or 703-562-2200).