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Ask the Fed: Current Expected Credit Losses (CECL)- Scaled CECL Allowance for Losses Estimator (SCALE) Method

July 15, 2021 @ 2:00 pm 3:00 pm EDT


The Federal Reserve is releasing a new tool to help community banks implement the Current Expected Credit Losses (CECL) accounting standard. Known as the Scaled CECL Allowance for Losses Estimator, or “SCALE,” the spreadsheet-based tool draws on publicly available regulatory and industry data to aid community banks with assets of less than $1 billion in calculating their CECL allowances. Join Federal Reserve staff for an Ask the Fed webinar on the SCALE method for determining expected credit losses under CECL. The Financial Accounting Standards Board (FASB) and the Conference of State Bank Supervisors (CSBS) will also participate in the webinar.

Following this event, the SCALE spreadsheet-based tool will be available at the CECL Resource Center. For more details about the tool, read the press release from the Board of Governors of the Federal Reserve System.

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Ask the Fed® is a program of the Federal Reserve Bank of St. Louis.