Fed Communities

Ask the Fed: Current Expected Credit Losses (CECL) – Expected Loss Estimator (ELE) Tool
2022-06-16 14:00 - 15:00 (America/New_York) | Virtual Event
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.

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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 PrerequisiteThe 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

Ask the Fed: Current Expected Credit Losses (CECL)- Scaled CECL Allowance for Losses Estimator (SCALE) Method
2021-07-15 14:00 - 15:00
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.

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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.

Presented by

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