Ask the Fed: Current Expected Credit Losses (CECL) – Expected Loss Estimator (ELE) Tool

On Thursday, June 16, 2022, at 2:00 p.m. ET, staff from the Federal Reserve will host an Ask the Fed® webinar on the ELE tool for determining expected credit losses under CECL.

The ELE tool takes a financial institution’s loan-level data and assumptions as entered in by financial institution management and automates the Weighted-Average Remaining Maturity (WARM) method. This session will walk through the spreadsheet-based tool intended to assist community financial institutions in implementing CECL.

You can email your questions in advance of the session at askthefed@stls.frb.org. Questions received in advance will receive priority.

Financial institutions are encouraged to invite representatives from their internal audit function and their external audit firm to participate in the upcoming webinar on the ELE tool.

We strongly encourage participants to use the webinar audio on their computer for the best experience. Webinar materials will be archived for future viewing.

Suggested Prerequisite
The Ask the Regulators: CECL Webinar: Weighted-Average Remaining Maturity (WARM) Method (4/11/19) or other WARM webinars/training 

Presenters

Bettyann Griffith, Federal Reserve Bank of New York

Meg Buckley, Federal Reserve Board of Governors

Stephanie Weber, Federal Reserve Bank of Minneapolis

Michelle Bowman, Governor, Federal Reserve Board of Governors

Christian Riba, Federal Reserve Bank of Minneapolis