MO SCR33

Missouri Senate and House encourage Congress to urge federal banking regulators (Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Federal Reserve Board) to develop regulatory forbearance policies for well-managed community depository institutions

Permit well-managed community depository institutions to temporarily maintain capital levels below current requirements if they submit and receive regulatory approval of a plan to restore capital by a specified date

Allow well-managed community depository institutions to account for troubled debt restructuring without loss recognition if the loan is formally restructured and the borrower can probably repay under new terms with total future cash payments at least equal to the loan amount on the institution's books

Ensure field examiners do not inappropriately classify loans based solely on sector stress; loan classification should be based on likelihood of repayment factors including positive cash flows, adequate collateral, and other mitigating circumstances

Direct the Missouri Senate Secretary to send inscribed copies of the resolution to the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Federal Reserve Board, and Missouri's congressional delegation