Comptroller May Demand Boost in Some Loan-Loss Allowances

By Gross, Laura | American Banker, November 2, 1984 | Go to article overview

Comptroller May Demand Boost in Some Loan-Loss Allowances


Gross, Laura, American Banker


SAN JUAN -- A substantial number of banks in the United States have not set aside adequate loan-loss reserves. And if they do not boost those reserves -- and quickly, it appears -- the Comptroller of the Currency is going to do it for them.

That's what Michael A. Mancusi, senior deputy comptroller for national operations, told reporters following a speech he gave Wednesday at the 70th annual Robert Morris Associates fall conference. Mr. Mancusi's speech originally was to have been presented by Comptroller C.T. Conover, but Mr. Conover had to cancel the day before.

Pressed for the number of banks with inadequate loan-loss reserves, Mr. Mancusi said it was "a minority" but "a substantial enough number that we are concerned."

One source in the Comptroller's office said the number could be 2,000, but that he was just guessing.

Mr. Mancusi said he was not just discussing smaller institutions, but banks of all sizes. Pressed again for a figure, he repeated that there were a "sufficient [number] for the regulators to be concerned."

"If bank managements don't put procedures in place to periodically take a realistic look at their loan portfolios and establish representative valuation reserves, we'll be forced to look at the portfolio and make a judgement on reserves ourselves," Mr. Mancusi said.

He said the Comptroller's office could do this by virtue of its enforcement powers if it were necessary to protect the safety or soundness of an institution.

There are currently 738 national banks on the Comptroller's problem-bank list. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Comptroller May Demand Boost in Some Loan-Loss Allowances
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.