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Katten Muchin Rosenman LLP | USA | 7 Aug 2009

FDIC releases additional guidance for banks related to allowance for loan and lease losses

On August 3, the Federal Deposit Insurance Corporation (FDIC) released a Financial Institution Letter entitled "Allowances for Loan and Lease Losses in the Current Economic Environment: Loans Secured by Junior Liens on 1-4 Family Residential Properties" to FDIC-supervised institutions.

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