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Must Letters of Credit be on Balance Sheet?

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Are we required by the FDIC to show our letters of credit on our balance sheet? We carry ours as a participation, but because it is unbooked, it doesn't show on our balance sheet. At all of the other FDIC banks I've worked for, we've been required to show our letters of credit on our balance sheet.

Letters of credit should be reflected on SCHEDULE RC-L - DERIVATIVES AND OFF-BALANCE SHEET ITEMS of your call report.

First published on 10/04/10

First published on 10/04/2010

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