Banking Library Welcome to our Banking Library.  Below are articles from previous issues of the FBLG Banking Letter.    Accounting                                                                                    Highlights of the Financial Reform passed by the House of Representatives   Accounting for Sales of SBA Loans   The Statement of Comprehensive Income Gets a Promotion Proposed Expansion of Fair Value Accounting Reporting Requirements for FDIC-assisted Transactions Limitations on Bank Premises Investing for National Banks Loan Transfers to Bank Holding Company 2010 Audit Requiement Changes for Supervised FHA Mortgages Negative Corporate Reaction to Health Care Plan New Building Capitalization of Interest Interest Rate Risk Internal Controls - Is your Audit Process Sufficient? Sale and Lease Back of Bank Premises Deferred Costs of Originating Loans Recoveries of OTTI Losses Proper Treatment of Call Report Items New Developments in Loan Participations Determining a Bank's Going Concern - a Management Responsibility? Reporting OTTI Losses Interest Rate Risk Management - What to Consider Fees Collected on Loans with Balloon Payments Planning Critical Capital Infusions Accounting for OREO Community Banks, US GAAP and IFRS Deferred Tax Asset Limitations CDI and Goodwill - Book and Tax Treatment Is the Convergence of US GAAP with IFRS Still Underway? Accounting for Non-accrual Loans Accounting for Troubled Debt Restructuring  New Other-Than-Temporary (OTTI) Accounting Rules  New Accounting for Loan Participations  ALLL and CRE                                                                                 Interagency Guidelines for Real Estate Lending Policies Potential Relief from Loan Losses for Regulatory Capital Calculations Structural Weaknesses in Loan Underwriting Knowing the Right Time for a New Appraisal Allowance for Loan Loss and the IRS On-going Credit Management: Document, Document, Document Historical Loss Rates Allowance for Loan and Lease Losses (ALLL) Overview Current Environment of Commercial Real Estate (CRE) Current Environment of Allowance for Loan Losses (ALLL)  Employee Benefits Plans                                                Protecting Yourself as a Retirement Plan Sponsor Increased Focus on Retirement Plan Fees Is Your 401(k) Plan's Default Investment Qualified?  Understanding Fiduciary Responsibilities Relating to Retirement Plans  IT and Communications                                                            Two IT Examination Hot Spots Monitoring IT Assets' Environment Essential Data Hacking from Lost and Found Why is Computer Inheritance Important to my Bank? Unprotected Printers - The Weakest Link? Password Versus Encryption How to Unlock a Protected Smartphone Is My Bank Compliant with GLBA or is it a Journey That We Will Never Complete? How Do I Hire an IT Manager?  Business Resumption Plans and Disaster Recovery Plans Compared and Contrasted  Regulatory Compliance                                                             ACH 2010 Rule Changes More Regulation Z Rules go into effect April 1, 2010 Credit CARD Act of 2009 Regulation DD - Truth in Savings Changes Even More Regulation CC Changes More Changes to Federal Reserve Board Regulation CC – Funds Availability International ACH Transactions (IAT) Amendments to Federal Reserve Board Regulation Z Become Effective October, 1 2009  Tax                                                                                              Health Savings Account Tax Increased Under New Health Care Act The Changing Landscape of Income Reporting Get Ready for Extreme 1099 Reporting The New HIRE Act and How It May Impact You Tax Impact of Health Care Overhaul New 3.8% Medicare Tax on S Corporation Income in 2013 2010 Health Care Reform Act by Financial Designs Ltd. The Death of the "Death Tax" Beware of Changes in State Tax Laws TEFRA Disallowance Reversed for Some Corporations The Importance of Tracking S Corporation Basis to Deduct Losses Update to Tax Treatment of Prepaid FDIC Premiums Information Reporting on Stock Option Activity Avoiding IRS Scrutiny on S Corp Executive Compensation IRS 2010 Updates Summary of 1099-MISC Requirements Summary of 1099A and 1099C Requirements Congress Expands the Net Operating Loss Carryback Company Vehicles - Are You Meeting IRS Requirements? Sub S Banks and Director Qualifying Shares CDI and Goodwill - Book and Tax Treatment Stock Compensation Plans Compared and Contrasted  Certain S Corp Financial Institutions Could Get Relief from BIG Tax  Tax Rules May Limit Loss Deductions Of Acquired Institutions  The Proper Tax Treatment of OREO  New Muni Interest Disallowance Rules  Can OTTI Writedowns be Deducted for Tax Purposes?