---
kind: "section"
citation: "12 C.F.R. § 160.160"
title: "12"
number: "160.160"
heading: "Asset classification."
url: "https://uscodex.org/cfr/12/160.160"
---

# §160.160. Asset classification.

- (a)
  - (1) Each savings association must evaluate and classify its assets on a regular basis in a manner consistent with, or reconcilable to, the asset classification system used by the OCC.
  - (2) In connection with the examination of a savings association or its affiliates, OCC examiners may identify problem assets and classify them, if appropriate. The association must recognize such examiner classifications in its subsequent reports to the OCC.
- (b) Based on the evaluation and classification of its assets, each savings association shall establish adequate valuation allowances or charge-offs, as appropriate, consistent with generally accepted accounting principles and the practices of the Federal banking agencies.

## Notes

### Authority

Authority: 12 U.S.C. 1462a, 1463, 1464, 1467a, 1701j-3, 1828, 3803, 3806, 5412(b)(2)(B); 42 U.S.C. 4106.

### Source

Source: 76 FR 49030, Aug. 9, 2011, unless otherwise noted.