The US Office of the Comptroller of the Currency has issued its annual update to the Bank Accounting Advisory Series, reflecting Financial Accounting Standards Board changes concerning purchased loans, government grants and internal-use software. The series provides staff responses to accounting questions from the banking industry and examiners to support consistent application of accounting standards and regulatory reporting by national banks and federal savings associations. The guidance is not an OCC rule or regulation. It presents the Office of the Chief Accountant’s interpretations of generally accepted accounting principles and regulatory guidance based on the specific facts and circumstances addressed.
Office of the Comptroller of the Currency2026-08-14
US Office of the Comptroller of the Currency updates accounting guidance for purchased loans, government grants and internal-use software
The US Office of the Comptroller of the Currency has updated its Bank Accounting Advisory Series to reflect accounting standard changes covering purchased loans, government grants and internal-use software. The nonbinding guidance supports consistent accounting and regulatory reporting by national banks and federal savings associations.