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USDA Economic Research Service: 'The Frequency and Duration of SNAP Receipt in Arizona, 2009-18'
WASHINGTON, July 7 (TNSres) -- The U.S. Department of Agriculture Economic Research Service issued the following Economic Information Bulletin on June 30, 2026, entitled "The Frequency and Duration of SNAP Receipt in Arizona, 2009-18."
Here are excerpts:
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Key Points
* This report used a 10-year panel for January 2009 to December 2018 of monthly Supplemental Nutrition Assistance Program (SNAP) administrative data in the State of Arizona to examine the duration and frequency of SNAP participation. The analysis used SNAP administrative data that covered a significantly longer participation ... Show Full Article WASHINGTON, July 7 (TNSres) -- The U.S. Department of Agriculture Economic Research Service issued the following Economic Information Bulletin on June 30, 2026, entitled "The Frequency and Duration of SNAP Receipt in Arizona, 2009-18." Here are excerpts: * * * Key Points * This report used a 10-year panel for January 2009 to December 2018 of monthly Supplemental Nutrition Assistance Program (SNAP) administrative data in the State of Arizona to examine the duration and frequency of SNAP participation. The analysis used SNAP administrative data that covered a significantly longer participationtime frame than most prior work.
* The study found that, among households in Arizona that participated in SNAP at some point in the 10-year study period, about half (51.3 percent) had a single spell of benefit receipt, about one-fifth (21.8 percent) had two spells, 11.7 percent had three spells, 6.8 percent had four spells, and 8.4 percent had five or more spells. About three out of five (59.0 percent) households ever on SNAP during the study period received SNAP benefits for a cumulative total of 12 months or less. Roughly a quarter (24.2 percent) of these SNAP households received SNAP benefits for a total of 6 months or less over the 120-month study period, while at the other extreme of the distribution 7.5 percent of SNAP households received SNAP benefits for 97 months or more out of the 120 months in the study.
* There was a wide variation in the participation patterns of SNAP households. For some households, SNAP served as a long-term source of support, as evidenced by the almost 20 percent of households who received benefits for at least 61 cumulative months from January 2009 to December 2018.
* The analysis found that, among spells of SNAP receipt that begin during the study period--that is, among new SNAP spells--the median spell length was 7 months. About 51.7 percent of these spells lasted 8 months or less, while about 20.1 percent lasted at least 24 consecutive months (summary figure). Among those households that still receive SNAP 5 months after they began receipt, 30.7 percent leave SNAP in the sixth month. This was consistent with the most common length of SNAP eligibility certification periods in Arizona, at the end of which a household must recertify its eligibility to remain in the program.
Why Does This Matter?
SNAP is the largest Federal food assistance program and one of the largest safety net programs in the United States.
While it is well established that the number of households receiving SNAP changes over time, responding to changes in economic conditions and SNAP policies, information is much more limited on how long SNAP benefits are
received at the individual household level, and how often SNAP benefits are received by those who exit the program only to return at a later date. A diverse array of households access the program, some of whom exhibit relatively short SNAP enrollment periods while others exhibit relatively greater program dependency. Households that rely on
SNAP for longer periods of time are more likely to be part of a sample of participating households at a given point in time. Households that experience shorter spells of SNAP participation may not appear at that given point in time but can be captured more readily in a panel of data that covers a longer period. Observing all SNAP households and all SNAP spells over a 10-year period allowed us to document a wider range of participation patterns than would be observed in cross-sectional data or even in a shorter panel, which adds to the information available to policymakers and program managers. The study results reflect how SNAP serves a diverse array of lower-income households and that program recertification policies have substantial influence on the duration of SNAP participation.
A Few More Details
This work leveraged the SNAP administrative data acquired through the Census-FNS-ERS Joint Project, a crossagency partnership among the U.S. Department of Commerce, Bureau of the Census, USDA's Food and Nutrition Service, and USDA's Economic Research Service in cooperation with State SNAP agencies. The use of program administrative records allowed us to observe the monthly participation of all SNAP participants and avoid the problem of underreporting SNAP participation in household survey data.
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View the full text here: https://www.ers.usda.gov/media/29272/err-364-report-summary.pdf?v=19151
Here are excerpts:
* * *
Key Points
* This report used a 10-year panel for January 2009 to December 2018 of monthly Supplemental Nutrition Assistance Program (SNAP) administrative data in the State of Arizona to examine the duration and frequency of SNAP participation. The analysis used SNAP administrative data that covered a significantly longer participation ... Show Full Article WASHINGTON, July 7 (TNSres) -- The U.S. Department of Agriculture Economic Research Service issued the following Economic Information Bulletin on June 30, 2026, entitled "The Frequency and Duration of SNAP Receipt in Arizona, 2009-18." Here are excerpts: * * * Key Points * This report used a 10-year panel for January 2009 to December 2018 of monthly Supplemental Nutrition Assistance Program (SNAP) administrative data in the State of Arizona to examine the duration and frequency of SNAP participation. The analysis used SNAP administrative data that covered a significantly longer participationtime frame than most prior work.
* The study found that, among households in Arizona that participated in SNAP at some point in the 10-year study period, about half (51.3 percent) had a single spell of benefit receipt, about one-fifth (21.8 percent) had two spells, 11.7 percent had three spells, 6.8 percent had four spells, and 8.4 percent had five or more spells. About three out of five (59.0 percent) households ever on SNAP during the study period received SNAP benefits for a cumulative total of 12 months or less. Roughly a quarter (24.2 percent) of these SNAP households received SNAP benefits for a total of 6 months or less over the 120-month study period, while at the other extreme of the distribution 7.5 percent of SNAP households received SNAP benefits for 97 months or more out of the 120 months in the study.
* There was a wide variation in the participation patterns of SNAP households. For some households, SNAP served as a long-term source of support, as evidenced by the almost 20 percent of households who received benefits for at least 61 cumulative months from January 2009 to December 2018.
* The analysis found that, among spells of SNAP receipt that begin during the study period--that is, among new SNAP spells--the median spell length was 7 months. About 51.7 percent of these spells lasted 8 months or less, while about 20.1 percent lasted at least 24 consecutive months (summary figure). Among those households that still receive SNAP 5 months after they began receipt, 30.7 percent leave SNAP in the sixth month. This was consistent with the most common length of SNAP eligibility certification periods in Arizona, at the end of which a household must recertify its eligibility to remain in the program.
Why Does This Matter?
SNAP is the largest Federal food assistance program and one of the largest safety net programs in the United States.
While it is well established that the number of households receiving SNAP changes over time, responding to changes in economic conditions and SNAP policies, information is much more limited on how long SNAP benefits are
received at the individual household level, and how often SNAP benefits are received by those who exit the program only to return at a later date. A diverse array of households access the program, some of whom exhibit relatively short SNAP enrollment periods while others exhibit relatively greater program dependency. Households that rely on
SNAP for longer periods of time are more likely to be part of a sample of participating households at a given point in time. Households that experience shorter spells of SNAP participation may not appear at that given point in time but can be captured more readily in a panel of data that covers a longer period. Observing all SNAP households and all SNAP spells over a 10-year period allowed us to document a wider range of participation patterns than would be observed in cross-sectional data or even in a shorter panel, which adds to the information available to policymakers and program managers. The study results reflect how SNAP serves a diverse array of lower-income households and that program recertification policies have substantial influence on the duration of SNAP participation.
A Few More Details
This work leveraged the SNAP administrative data acquired through the Census-FNS-ERS Joint Project, a crossagency partnership among the U.S. Department of Commerce, Bureau of the Census, USDA's Food and Nutrition Service, and USDA's Economic Research Service in cooperation with State SNAP agencies. The use of program administrative records allowed us to observe the monthly participation of all SNAP participants and avoid the problem of underreporting SNAP participation in household survey data.
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View the full text here: https://www.ers.usda.gov/media/29272/err-364-report-summary.pdf?v=19151
President Trump Issues Statement on Anniversary of U.S. Secret Service
WASHINGTON, July 7 -- President Trump issued the following statement on July 5, 2026, on the anniversary of U.S. Secret Service:
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On the 161st anniversary of the United States Secret Service, we celebrate the extraordinary professionals who, with absolute selflessness and little fanfare, work to protect our Nation's leaders and safeguard our most sacred institutions. With their quiet professionalism, unwavering vigilance, and steadfast devotion to duty, they have truly proven themselves "Worthy of Trust and Confidence."
On July 5, 1865, the United States Secret Service was officially established, ... Show Full Article WASHINGTON, July 7 -- President Trump issued the following statement on July 5, 2026, on the anniversary of U.S. Secret Service: * * * On the 161st anniversary of the United States Secret Service, we celebrate the extraordinary professionals who, with absolute selflessness and little fanfare, work to protect our Nation's leaders and safeguard our most sacred institutions. With their quiet professionalism, unwavering vigilance, and steadfast devotion to duty, they have truly proven themselves "Worthy of Trust and Confidence." On July 5, 1865, the United States Secret Service was officially established,fulfilling legislation that President Abraham Lincoln had signed shortly before his tragic assassination. Originally tasked with investigating and suppressing the widespread forgery of American currency, its agents first worked to ensure economic stability in the post-Civil War era, fortify our financial institutions, and secure the integrity of the dollar--a mission that they continue to pursue today.
Following the assassination of President William McKinley in 1901, Congress expanded the responsibilities of the Secret Service, assigning the critical mission of protecting the President, a duty that has since grown to encompass the Vice President, the First and Second Families, foreign dignitaries, and special protectees. Today, more than 8,000 highly skilled and exceptionally trained special agents; uniformed police officers; technical law enforcement personnel; intelligence and threat analysists, and administrative professionals, safeguard both our Nation's financial infrastructure and the security of those entrusted with the highest offices, standing watch over the institutions that preserve America's stability and strength.
These heroes stand ready at a moment's notice to place themselves in harm's way to protect our Nation's leaders, and I am grateful for their continued service and sacrifice. Time and again, the men and women of the Secret Service have risked their own lives to protect others, exhibiting harrowing bravery, remarkable courage, and an unbreakable commitment to their solemn duty. And as radical left-wing violence has surged in recent years, the mission of the Secret Service has never been more vital.
This year, we are especially thankful for the tremendous role the Secret Service is playing as our Nation celebrates 250 glorious years of American Independence. From the Great American State Fair to the Salute to America Rally on the National Mall, our agents are working tirelessly to ensure the success and safety of the grandest, greatest, and biggest birthday celebration in the history of the world.
Today, we honor the valiant members of the United States Secret Service for their steadfast service and commitment to freedom, peace, and the rule of law. Their heroism and countless sacrifices in defense of our beloved Nation and sacred Constitution will continue to inspire generations of Americans. So long as such patriots stand watch, the flame of American freedom will never be extinguished, and our Republic will endure stronger, prouder, and freer than ever before.
* * *
Original text here: https://www.whitehouse.gov/briefings-statements/2026/07/presidential-message-on-the-anniversary-of-the-united-states-secret-service/
* * *
On the 161st anniversary of the United States Secret Service, we celebrate the extraordinary professionals who, with absolute selflessness and little fanfare, work to protect our Nation's leaders and safeguard our most sacred institutions. With their quiet professionalism, unwavering vigilance, and steadfast devotion to duty, they have truly proven themselves "Worthy of Trust and Confidence."
On July 5, 1865, the United States Secret Service was officially established, ... Show Full Article WASHINGTON, July 7 -- President Trump issued the following statement on July 5, 2026, on the anniversary of U.S. Secret Service: * * * On the 161st anniversary of the United States Secret Service, we celebrate the extraordinary professionals who, with absolute selflessness and little fanfare, work to protect our Nation's leaders and safeguard our most sacred institutions. With their quiet professionalism, unwavering vigilance, and steadfast devotion to duty, they have truly proven themselves "Worthy of Trust and Confidence." On July 5, 1865, the United States Secret Service was officially established,fulfilling legislation that President Abraham Lincoln had signed shortly before his tragic assassination. Originally tasked with investigating and suppressing the widespread forgery of American currency, its agents first worked to ensure economic stability in the post-Civil War era, fortify our financial institutions, and secure the integrity of the dollar--a mission that they continue to pursue today.
Following the assassination of President William McKinley in 1901, Congress expanded the responsibilities of the Secret Service, assigning the critical mission of protecting the President, a duty that has since grown to encompass the Vice President, the First and Second Families, foreign dignitaries, and special protectees. Today, more than 8,000 highly skilled and exceptionally trained special agents; uniformed police officers; technical law enforcement personnel; intelligence and threat analysists, and administrative professionals, safeguard both our Nation's financial infrastructure and the security of those entrusted with the highest offices, standing watch over the institutions that preserve America's stability and strength.
These heroes stand ready at a moment's notice to place themselves in harm's way to protect our Nation's leaders, and I am grateful for their continued service and sacrifice. Time and again, the men and women of the Secret Service have risked their own lives to protect others, exhibiting harrowing bravery, remarkable courage, and an unbreakable commitment to their solemn duty. And as radical left-wing violence has surged in recent years, the mission of the Secret Service has never been more vital.
This year, we are especially thankful for the tremendous role the Secret Service is playing as our Nation celebrates 250 glorious years of American Independence. From the Great American State Fair to the Salute to America Rally on the National Mall, our agents are working tirelessly to ensure the success and safety of the grandest, greatest, and biggest birthday celebration in the history of the world.
Today, we honor the valiant members of the United States Secret Service for their steadfast service and commitment to freedom, peace, and the rule of law. Their heroism and countless sacrifices in defense of our beloved Nation and sacred Constitution will continue to inspire generations of Americans. So long as such patriots stand watch, the flame of American freedom will never be extinguished, and our Republic will endure stronger, prouder, and freer than ever before.
* * *
Original text here: https://www.whitehouse.gov/briefings-statements/2026/07/presidential-message-on-the-anniversary-of-the-united-states-secret-service/
National Center for Health Statistics: 'Mental Health Treatment Among Adults: United States, 2024'
WASHINGTON, July 7 (TNSLrpt) -- The U.S. Department of Health and Human Services' Centers for Disease Control and Prevention issued the following data brief (No. 564) in June 2026 entitled "Mental Health Treatment Among Adults: United States, 2024" under the National Center for Health Statistics.
Here are excerpts:
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Key findings
Data from the National Health Interview Survey
* In 2024,19.3% of adults took medication for their mental health and 14.0% received counseling or therapy from a mental health professional in the past 12 months. Women were more likely than men to have received ... Show Full Article WASHINGTON, July 7 (TNSLrpt) -- The U.S. Department of Health and Human Services' Centers for Disease Control and Prevention issued the following data brief (No. 564) in June 2026 entitled "Mental Health Treatment Among Adults: United States, 2024" under the National Center for Health Statistics. Here are excerpts: * * * Key findings Data from the National Health Interview Survey * In 2024,19.3% of adults took medication for their mental health and 14.0% received counseling or therapy from a mental health professional in the past 12 months. Women were more likely than men to have receivedeither treatment.
* Adults ages 30-44 were more likely to have taken medication than those ages 65-74 and 75 and older. Adults 75 and older were least likely to have received counseling or therapy.
* Adults with incomes less than 100% of the federal poverty level (FPL) were more likely to have taken medication and as likely to have received counseling or therapy as adults with incomes greater than 400% FPL.
* Adults living in nonmetropolitan areas were most likely to have taken medication and least likely to have received counseling or therapy from a mental health professional.
Introduction
Mental health is a key component for overall well-being. In 2023, an estimated 58.7 million adults age 18 and older had any mental, behavioral, or emotional disorder in the past year. About one-half of them received mental health treatment, most often counseling or medication (1). Mental health treatment may vary by subpopulation due to differences in the prevalence of mental health conditions and the need for and access to treatment (1). This report uses data from the 2024 National Health Interview Survey (NHIS) to examine the use of prescription medication for mental health and the receipt of counseling or therapy from a mental health professional in the past 12 months among U.S. adults, by selected characteristics.
Sex
* In 2024, 19.3% of adults took medication for their mental health and 14.0% had received counseling or therapy from a mental health professional in the past 12 months (Figure 1, Table 1).
* The percentage of adults who took medication for their mental health was higher for women (24.9%) than for men (13.4%).
* Women were also more likely to have received counseling or therapy from a mental health professional (16.9%) than men (10.9%).
* * *
View full data brief at: https://www.cdc.gov/nchs/data/databriefs/db564.pdf
Here are excerpts:
* * *
Key findings
Data from the National Health Interview Survey
* In 2024,19.3% of adults took medication for their mental health and 14.0% received counseling or therapy from a mental health professional in the past 12 months. Women were more likely than men to have received ... Show Full Article WASHINGTON, July 7 (TNSLrpt) -- The U.S. Department of Health and Human Services' Centers for Disease Control and Prevention issued the following data brief (No. 564) in June 2026 entitled "Mental Health Treatment Among Adults: United States, 2024" under the National Center for Health Statistics. Here are excerpts: * * * Key findings Data from the National Health Interview Survey * In 2024,19.3% of adults took medication for their mental health and 14.0% received counseling or therapy from a mental health professional in the past 12 months. Women were more likely than men to have receivedeither treatment.
* Adults ages 30-44 were more likely to have taken medication than those ages 65-74 and 75 and older. Adults 75 and older were least likely to have received counseling or therapy.
* Adults with incomes less than 100% of the federal poverty level (FPL) were more likely to have taken medication and as likely to have received counseling or therapy as adults with incomes greater than 400% FPL.
* Adults living in nonmetropolitan areas were most likely to have taken medication and least likely to have received counseling or therapy from a mental health professional.
Introduction
Mental health is a key component for overall well-being. In 2023, an estimated 58.7 million adults age 18 and older had any mental, behavioral, or emotional disorder in the past year. About one-half of them received mental health treatment, most often counseling or medication (1). Mental health treatment may vary by subpopulation due to differences in the prevalence of mental health conditions and the need for and access to treatment (1). This report uses data from the 2024 National Health Interview Survey (NHIS) to examine the use of prescription medication for mental health and the receipt of counseling or therapy from a mental health professional in the past 12 months among U.S. adults, by selected characteristics.
Sex
* In 2024, 19.3% of adults took medication for their mental health and 14.0% had received counseling or therapy from a mental health professional in the past 12 months (Figure 1, Table 1).
* The percentage of adults who took medication for their mental health was higher for women (24.9%) than for men (13.4%).
* Women were also more likely to have received counseling or therapy from a mental health professional (16.9%) than men (10.9%).
* * *
View full data brief at: https://www.cdc.gov/nchs/data/databriefs/db564.pdf
IRS Issues Revenue Ruling on Section 1274 - Determination of Issue Price in Case of Certain Debt Instruments Issued for Property
WASHINGTON, July 7 -- The Internal Revenue Service issued the following revenue ruling (No. 2026-12) on July 6, 2026, entitled "Section 1274 - Determination of Issue Price in the Case of Certain Debt Instruments Issued for Property".
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This revenue ruling provides various prescribed rates for federal income tax purposes for July 2026 (the current month). Table 1 contains the short-term, mid-term, and long-term applicable federal rates (AFR) for the current month for purposes of section 1274(d) of the Internal Revenue Code. Table 2 contains the short-term, mid-term, and long-term adjusted ... Show Full Article WASHINGTON, July 7 -- The Internal Revenue Service issued the following revenue ruling (No. 2026-12) on July 6, 2026, entitled "Section 1274 - Determination of Issue Price in the Case of Certain Debt Instruments Issued for Property". * * * This revenue ruling provides various prescribed rates for federal income tax purposes for July 2026 (the current month). Table 1 contains the short-term, mid-term, and long-term applicable federal rates (AFR) for the current month for purposes of section 1274(d) of the Internal Revenue Code. Table 2 contains the short-term, mid-term, and long-term adjustedapplicable federal rates (adjusted AFR) for the current month for purposes of section 1288(b). Table 3 sets forth the adjusted federal long-term rate and the long-term tax-exempt rate described in section 382(f). Table 4 contains the appropriate percentages for determining the low-income housing credit described in section 42(b)(1) for buildings placed in service during the current month. However, under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, shall not be less than 9%. Table 5 contains the federal rate for determining the present value of an annuity, an interest for life or for a term of years, or a remainder or a reversionary interest for purposes of section 7520. Finally, Table 6 contains the blended annual rate for 2026 for purposes of section 7872.
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REV. RUL. 2026-12 TABLE 1 Applicable Federal Rates (AFR) for July 2026 Period for Compounding
REV. RUL. 2026-12 TABLE 2 Adjusted AFR for July 2026 Period for Compounding
REV. RUL. 2026-12 TABLE 3 Rates Under Section 382 for July 2026
REV. RUL. 2026-12 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for July 2026
REV. RUL. 2026-12 TABLE 5 Rate Under Section 7520 for July 2026
REV. RUL. 2026-12 TABLE 6 Blended Annual Rate for 2026
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Section 42.--Low-Income Housing Credit
The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 280G.--Golden Parachute Payments
The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 382.--Limitation on Net Operating Loss Carryforwards and Certain Built-In Losses Following Ownership Change
The adjusted applicable federal long-term rate is set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 467.--Certain Payments for the Use of Property or Services
The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 468.--Special Rules for Mining and Solid Waste Reclamation and Closing Costs
The applicable federal short-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 482.--Allocation of Income and Deductions Among Taxpayers
The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 483.--Interest on Certain Deferred Payments
The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 1288.--Treatment of Original Issue Discount on Tax-Exempt Obligations
The adjusted applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 7520.--Valuation Tables
The applicable federal mid-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 7872.--Treatment of Loans With Below-Market Interest Rates
The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
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Original text plus tables here: https://www.irs.gov/irb/2026-28_irb#REV-RUL-2026-12
* * *
This revenue ruling provides various prescribed rates for federal income tax purposes for July 2026 (the current month). Table 1 contains the short-term, mid-term, and long-term applicable federal rates (AFR) for the current month for purposes of section 1274(d) of the Internal Revenue Code. Table 2 contains the short-term, mid-term, and long-term adjusted ... Show Full Article WASHINGTON, July 7 -- The Internal Revenue Service issued the following revenue ruling (No. 2026-12) on July 6, 2026, entitled "Section 1274 - Determination of Issue Price in the Case of Certain Debt Instruments Issued for Property". * * * This revenue ruling provides various prescribed rates for federal income tax purposes for July 2026 (the current month). Table 1 contains the short-term, mid-term, and long-term applicable federal rates (AFR) for the current month for purposes of section 1274(d) of the Internal Revenue Code. Table 2 contains the short-term, mid-term, and long-term adjustedapplicable federal rates (adjusted AFR) for the current month for purposes of section 1288(b). Table 3 sets forth the adjusted federal long-term rate and the long-term tax-exempt rate described in section 382(f). Table 4 contains the appropriate percentages for determining the low-income housing credit described in section 42(b)(1) for buildings placed in service during the current month. However, under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, shall not be less than 9%. Table 5 contains the federal rate for determining the present value of an annuity, an interest for life or for a term of years, or a remainder or a reversionary interest for purposes of section 7520. Finally, Table 6 contains the blended annual rate for 2026 for purposes of section 7872.
* * *
REV. RUL. 2026-12 TABLE 1 Applicable Federal Rates (AFR) for July 2026 Period for Compounding
REV. RUL. 2026-12 TABLE 2 Adjusted AFR for July 2026 Period for Compounding
REV. RUL. 2026-12 TABLE 3 Rates Under Section 382 for July 2026
REV. RUL. 2026-12 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for July 2026
REV. RUL. 2026-12 TABLE 5 Rate Under Section 7520 for July 2026
REV. RUL. 2026-12 TABLE 6 Blended Annual Rate for 2026
* * *
Section 42.--Low-Income Housing Credit
The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 280G.--Golden Parachute Payments
The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 382.--Limitation on Net Operating Loss Carryforwards and Certain Built-In Losses Following Ownership Change
The adjusted applicable federal long-term rate is set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 467.--Certain Payments for the Use of Property or Services
The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 468.--Special Rules for Mining and Solid Waste Reclamation and Closing Costs
The applicable federal short-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 482.--Allocation of Income and Deductions Among Taxpayers
The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 483.--Interest on Certain Deferred Payments
The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 1288.--Treatment of Original Issue Discount on Tax-Exempt Obligations
The adjusted applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 7520.--Valuation Tables
The applicable federal mid-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
Section 7872.--Treatment of Loans With Below-Market Interest Rates
The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2026. See Rev. Rul. 2026-12, page 27.
* * *
Original text plus tables here: https://www.irs.gov/irb/2026-28_irb#REV-RUL-2026-12
IRS Issues Notice on Update for Weighted Average Interest Rates, Yield Curves, Segment Rates
WASHINGTON, July 7 -- The Internal Revenue Service issued the following notice (No. 2026-38) on July 6, 2026, entitled "Update for Weighted Average Interest Rates, Yield Curves, and Segment Rates".
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This notice provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under Sec. 417(e)(3), and the 24-month average segment rates under Sec. 430(h)(2) of the Internal Revenue Code. In addition, this notice provides guidance as to the interest rate on 30-year Treasury securities under Sec. 417(e)(3)(A)(ii)(II) as in effect for plan years beginning ... Show Full Article WASHINGTON, July 7 -- The Internal Revenue Service issued the following notice (No. 2026-38) on July 6, 2026, entitled "Update for Weighted Average Interest Rates, Yield Curves, and Segment Rates". * * * This notice provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under Sec. 417(e)(3), and the 24-month average segment rates under Sec. 430(h)(2) of the Internal Revenue Code. In addition, this notice provides guidance as to the interest rate on 30-year Treasury securities under Sec. 417(e)(3)(A)(ii)(II) as in effect for plan years beginningbefore 2008 and the 30-year Treasury weighted average rate under Sec. 431(c)(6)(E)(ii)(I).
YIELD CURVE AND SEGMENT RATES
Section 430 specifies the minimum funding requirements that apply to single-employer plans (except for CSEC plans under Sec. 414(y)) pursuant to Sec. 412. Section 430(h)(2) specifies the interest rates that must be used to determine a plan's target normal cost and funding target. Under this provision, present value is generally determined using three 24-month average interest rates ("segment rates"), each of which applies to cash flows during specified periods. To the extent provided under Sec. 430(h)(2)(C)(iv), these segment rates are adjusted by the applicable percentage of the 25-year average segment rates for the period ending September 30 of the year preceding the calendar year in which the plan year begins.1 However, an election may be made under Sec. 430(h)(2)(D)(ii) to use the monthly yield curve in place of the segment rates.
Section 1.430(h)(2)-1(d) provides rules for determining the monthly corporate bond yield curve, and Sec. 1.430(h)(2)-1(c) provides rules for determining the 24-month average corporate bond segment rates used to compute the target normal cost and the funding target. Consistent with the methodology specified in Sec. 1.430(h)(2)-1(d), the monthly corporate bond yield curve derived from May 2026 data is in Table 2026-5 at the end of this notice. The spot first, second, and third segment rates for the month of May 2026 are, respectively, 4.42, 5.47, and 6.31.
The 24-month average segment rates determined under Sec. 430(h)(2)(C)(i) through (iii) must be adjusted pursuant to Sec. 430(h)(2)(C)(iv) to be within the applicable minimum and maximum percentages of the corresponding 25-year average segment rates. Those percentages are 95% and 105% for plan years beginning in 2025 and 2026. For this purpose, any 25-year average segment rate that is less than 5% is deemed to be 5%. The 25-year average segment rates for plan years beginning in 2025 and 2026 were published in Notice 2024-67, 2024-41 I.R.B. 726 and Notice 2025-47, 2025-40 I.R.B. 441, respectively.
24-MONTH AVERAGE CORPORATE BOND SEGMENT RATES
The three 24-month average corporate bond segment rates applicable for June 2026 without adjustment for the 25-year average segment rate limits are as follows:
* * *
24-Month Average Segment Rates Without 25-Year Average Adjustment
Applicable Month ... First Segment ... Second Segment ... Third Segment
June 2026 ... 4.39 ... 5.26 ... 5.90
* * *
The adjusted 24-month average segment rates set forth in the chart below reflect Sec. 430(h)(2)(C)(iv) of the Code. The 24-month averages applicable for June 2026, adjusted to be within the applicable minimum and maximum percentages of the corresponding 25-year average segment rates in accordance with Sec. 430(h)(2)(C)(iv), are as follows:
* * *
Adjusted 24-Month Average Segment Rates
For Plan Years Beginning In ... Applicable Month ... First Segment ... Second Segment ... Third Segment
2025 ... June 2026 ... 4.75 ... 5.26 ... 5.90
2026 ... June 2026 ... 4.75 ... 5.25 ... 5.90
* * *
30-YEAR TREASURY SECURITIES INTEREST RATES
Section 431 specifies the minimum funding requirements that apply to multiemployer plans pursuant to Sec. 412. Section 431(c)(6)(B) specifies a minimum amount for the full-funding limitation described in Sec. 431(c)(6)(A), based on the plan's current liability. Section 431(c)(6)(E)(ii)(I) provides that the interest rate used to calculate current liability for this purpose must be no more than 5 percent above and no more than 10 percent below the weighted average of the rates of interest on 30-year Treasury securities during the four-year period ending on the last day before the beginning of the plan year. Notice 88-73, 1988-2 C.B. 383, provides guidelines for determining the weighted average interest rate. The rate of interest on 30-year Treasury securities for May 2026 is 5.03 percent. The Service determined this rate as the average of the daily determinations of yield on the 30-year Treasury bond maturing in February 2056 determined each day through May 12, 2026 and the yield on the 30-year Treasury bond maturing in May 2056 determined each day for the balance of the month. For plan years beginning in June 2026, the weighted average of the rates of interest on 30-year Treasury securities and the permissible range of rates used to calculate current liability are as follows:
* * *
Treasury Weighted Average Rates
For Plan Years Beginning In ... 30-Year Treasury Weighted Average ... Permissible Range 90% to 105%
June 2026 ... 4.53 ... 4.08 to 4.76
* * *
MINIMUM PRESENT VALUE SEGMENT RATES
In general, the applicable interest rates under Sec. 417(e)(3)(D) are segment rates computed without regard to a 24-month average. Section 1.417(e)-1(d)(3) provides guidelines for determining the minimum present value segment rates. Pursuant to that section, the minimum present value segment rates determined for May 2026 are as follows:
* * *
Minimum Present Value Segment Rates
Month ... First Segment ... Second Segment ... Third Segment
May 2026 ... 4.42 ... 5.47 ... 6.31
* * *
DRAFTING INFORMATION
The principal author of this notice is Tom Morgan of the Office of Associate Chief Counsel (Employee Benefits, Exempt Organizations, and Employment Taxes). However, other personnel from the IRS participated in the development of this guidance. For further information regarding this notice, contact Mr. Morgan at 202-317-6700 or Tony Montanaro at 626-927-1475 (not toll-free number).
* * *
Table 2026-5 Monthly Yield Curve for May 2026 Derived from May 2026 Data
* * *
Footnote:
1/ Pursuant to Sec. 433(h)(3)(A), the third segment rate determined under Sec. 430(h)(2)(C) is used to determine the current liability of a CSEC plan (which is used to calculate the minimum amount of the full funding limitation under Sec. 433(c)(7)(C)).
* * *
Original text plus table here: https://www.irs.gov/irb/2026-28_irb#NOT-2026-38
* * *
This notice provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under Sec. 417(e)(3), and the 24-month average segment rates under Sec. 430(h)(2) of the Internal Revenue Code. In addition, this notice provides guidance as to the interest rate on 30-year Treasury securities under Sec. 417(e)(3)(A)(ii)(II) as in effect for plan years beginning ... Show Full Article WASHINGTON, July 7 -- The Internal Revenue Service issued the following notice (No. 2026-38) on July 6, 2026, entitled "Update for Weighted Average Interest Rates, Yield Curves, and Segment Rates". * * * This notice provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under Sec. 417(e)(3), and the 24-month average segment rates under Sec. 430(h)(2) of the Internal Revenue Code. In addition, this notice provides guidance as to the interest rate on 30-year Treasury securities under Sec. 417(e)(3)(A)(ii)(II) as in effect for plan years beginningbefore 2008 and the 30-year Treasury weighted average rate under Sec. 431(c)(6)(E)(ii)(I).
YIELD CURVE AND SEGMENT RATES
Section 430 specifies the minimum funding requirements that apply to single-employer plans (except for CSEC plans under Sec. 414(y)) pursuant to Sec. 412. Section 430(h)(2) specifies the interest rates that must be used to determine a plan's target normal cost and funding target. Under this provision, present value is generally determined using three 24-month average interest rates ("segment rates"), each of which applies to cash flows during specified periods. To the extent provided under Sec. 430(h)(2)(C)(iv), these segment rates are adjusted by the applicable percentage of the 25-year average segment rates for the period ending September 30 of the year preceding the calendar year in which the plan year begins.1 However, an election may be made under Sec. 430(h)(2)(D)(ii) to use the monthly yield curve in place of the segment rates.
Section 1.430(h)(2)-1(d) provides rules for determining the monthly corporate bond yield curve, and Sec. 1.430(h)(2)-1(c) provides rules for determining the 24-month average corporate bond segment rates used to compute the target normal cost and the funding target. Consistent with the methodology specified in Sec. 1.430(h)(2)-1(d), the monthly corporate bond yield curve derived from May 2026 data is in Table 2026-5 at the end of this notice. The spot first, second, and third segment rates for the month of May 2026 are, respectively, 4.42, 5.47, and 6.31.
The 24-month average segment rates determined under Sec. 430(h)(2)(C)(i) through (iii) must be adjusted pursuant to Sec. 430(h)(2)(C)(iv) to be within the applicable minimum and maximum percentages of the corresponding 25-year average segment rates. Those percentages are 95% and 105% for plan years beginning in 2025 and 2026. For this purpose, any 25-year average segment rate that is less than 5% is deemed to be 5%. The 25-year average segment rates for plan years beginning in 2025 and 2026 were published in Notice 2024-67, 2024-41 I.R.B. 726 and Notice 2025-47, 2025-40 I.R.B. 441, respectively.
24-MONTH AVERAGE CORPORATE BOND SEGMENT RATES
The three 24-month average corporate bond segment rates applicable for June 2026 without adjustment for the 25-year average segment rate limits are as follows:
* * *
24-Month Average Segment Rates Without 25-Year Average Adjustment
Applicable Month ... First Segment ... Second Segment ... Third Segment
June 2026 ... 4.39 ... 5.26 ... 5.90
* * *
The adjusted 24-month average segment rates set forth in the chart below reflect Sec. 430(h)(2)(C)(iv) of the Code. The 24-month averages applicable for June 2026, adjusted to be within the applicable minimum and maximum percentages of the corresponding 25-year average segment rates in accordance with Sec. 430(h)(2)(C)(iv), are as follows:
* * *
Adjusted 24-Month Average Segment Rates
For Plan Years Beginning In ... Applicable Month ... First Segment ... Second Segment ... Third Segment
2025 ... June 2026 ... 4.75 ... 5.26 ... 5.90
2026 ... June 2026 ... 4.75 ... 5.25 ... 5.90
* * *
30-YEAR TREASURY SECURITIES INTEREST RATES
Section 431 specifies the minimum funding requirements that apply to multiemployer plans pursuant to Sec. 412. Section 431(c)(6)(B) specifies a minimum amount for the full-funding limitation described in Sec. 431(c)(6)(A), based on the plan's current liability. Section 431(c)(6)(E)(ii)(I) provides that the interest rate used to calculate current liability for this purpose must be no more than 5 percent above and no more than 10 percent below the weighted average of the rates of interest on 30-year Treasury securities during the four-year period ending on the last day before the beginning of the plan year. Notice 88-73, 1988-2 C.B. 383, provides guidelines for determining the weighted average interest rate. The rate of interest on 30-year Treasury securities for May 2026 is 5.03 percent. The Service determined this rate as the average of the daily determinations of yield on the 30-year Treasury bond maturing in February 2056 determined each day through May 12, 2026 and the yield on the 30-year Treasury bond maturing in May 2056 determined each day for the balance of the month. For plan years beginning in June 2026, the weighted average of the rates of interest on 30-year Treasury securities and the permissible range of rates used to calculate current liability are as follows:
* * *
Treasury Weighted Average Rates
For Plan Years Beginning In ... 30-Year Treasury Weighted Average ... Permissible Range 90% to 105%
June 2026 ... 4.53 ... 4.08 to 4.76
* * *
MINIMUM PRESENT VALUE SEGMENT RATES
In general, the applicable interest rates under Sec. 417(e)(3)(D) are segment rates computed without regard to a 24-month average. Section 1.417(e)-1(d)(3) provides guidelines for determining the minimum present value segment rates. Pursuant to that section, the minimum present value segment rates determined for May 2026 are as follows:
* * *
Minimum Present Value Segment Rates
Month ... First Segment ... Second Segment ... Third Segment
May 2026 ... 4.42 ... 5.47 ... 6.31
* * *
DRAFTING INFORMATION
The principal author of this notice is Tom Morgan of the Office of Associate Chief Counsel (Employee Benefits, Exempt Organizations, and Employment Taxes). However, other personnel from the IRS participated in the development of this guidance. For further information regarding this notice, contact Mr. Morgan at 202-317-6700 or Tony Montanaro at 626-927-1475 (not toll-free number).
* * *
Table 2026-5 Monthly Yield Curve for May 2026 Derived from May 2026 Data
* * *
Footnote:
1/ Pursuant to Sec. 433(h)(3)(A), the third segment rate determined under Sec. 430(h)(2)(C) is used to determine the current liability of a CSEC plan (which is used to calculate the minimum amount of the full funding limitation under Sec. 433(c)(7)(C)).
* * *
Original text plus table here: https://www.irs.gov/irb/2026-28_irb#NOT-2026-38
FCC Wireless Telecommunications Bureau Issues Public Notice: Publication of Mobile Initial Eligible-Areas Map for Alaska Connect Fund
WASHINGTON, July 7 -- The Federal Communications Commission's Wireless Telecommunications Bureau issued the following public notice (WC Docket No. 23-328):
* * *
By this Public Notice, the Wireless Telecommunications Bureau (WTB), in coordination with the Office of Economics and Analytics (OEA), publishes the final version of the Initial Eligible-Areas (EA) Map, v.1.3, for the mobile part of the Alaska Connect Fund (ACF)./1 The Initial EA Map can be found at the following link: https://www.fcc.gov/wireline-competition/alaska-connect-fund#mobile-eligible-areas-map. Providers must rely upon the ... Show Full Article WASHINGTON, July 7 -- The Federal Communications Commission's Wireless Telecommunications Bureau issued the following public notice (WC Docket No. 23-328): * * * By this Public Notice, the Wireless Telecommunications Bureau (WTB), in coordination with the Office of Economics and Analytics (OEA), publishes the final version of the Initial Eligible-Areas (EA) Map, v.1.3, for the mobile part of the Alaska Connect Fund (ACF)./1 The Initial EA Map can be found at the following link: https://www.fcc.gov/wireline-competition/alaska-connect-fund#mobile-eligible-areas-map. Providers must rely upon thedata in the Initial EA Map, v.1.3, to create their initial ACF performance plans./2
Alaska Plan and ACF have fundamental differences, such as different data sources and commitments./3 In order to transition from the Alaska Plan to the ACF, for which support begins on January 1, 2027,/4 and to ensure that all providers fully understand which areas are eligible and ineligible for ACF mobile support,/5 the Commission, in the 2024 Alaska Connect Fund Order, required WTB, in coordination with OEA, to publish a map or maps of these areas./6 The EA maps also differentiate which eligible areas are duplicate-support areas, single-support areas, or other eligible areas./7 The resulting Initial EA Map, v.1.3, shows where each provider is using support to offer service in their respective single- and duplicate-support areas/8 and the other eligible areas where support may be used and claimed as single-support areas in their ACF Performance Plans./9
Using the Initial Eligible-Areas Map for Alaska Connect Fund Performance Plans. Providers must rely on the Initial EA Map, v.1.3, to create their initial ACF performance plans, which are due no later than September 1, 2026./10 Some areas that were eligible to receive support under the Alaska Plan are ineligible for support under the ACF, either because the area became competitive or was designated untestable./11 After today's publication of the Initial EA Map, v.1.3, ineligible areas will not change, and no duplicate-support areas will be added or expanded for the duration of the ACF./12 Because all ineligible areas and Alaska Plan support areas as assessed with the December 31, 2024 Broadband Data Collection (BDC)/13 data are now settled,/14 providers can now determine the number of hex-9s/15 for which they are currently receiving support but that are newly ineligible under the ACF.
Mobile providers that receive support under the Alaska Plan for coverage of newly ineligible areas in the ACF and wish to retain the support attributed to those areas must cover a comparable number of otherwise uncovered hex-9s elsewhere./16 When a provider submits its ACF Performance Plan, all comparable areas that it may seek to claim are limited to those available from the "other eligible areas,"/17 as all other hexes are either ineligible or part of another provider's recognized support area./18 Where more than one provider has a pending performance plan that seeks to claim the same "other eligible" hex-9, the provider that shows coverage to that hex-9 first, based on BDC data, will be given the preference to claim that hex-9 as part of its single-support area./19 In the event that both providers report their first coverage of the hex-9 in the same data set, the hex-9 will be considered a single-support area attributed to whichever provider has its updated performance plan accepted first./20
Making Updates for Future Eligible-Areas Map Releases. For performance plans that claim additional hex-9s,/21 the provider must also fully complete and submit the EA Map Updates Template with the list of hex-9s it wants credited to its support area./22 As providers claim areas as their additional single-support areas, WTB, in coordination with OEA, will publish additional versions of the Eligible-Areas Map so that other providers do not attempt to claim the same areas./23
For further information about this proceeding, email ACF@fcc.gov.
* * *
Footnotes:
1/ Subsequent releases will be version 2.0 and higher.
2/ 47 CFR Sec. 54.318(c)(2), (f)(2), (f)(8); Connect America Fund; Alaska Connect Fund; Connect America Fund-- Alaska Plan; Universal Service Reform--Mobility Fund; ETC Annual Reports and Certifications; Telecommunications Carriers Eligible to Receive Universal Service Support, WC Docket Nos. 10-90, 23-328, 16271, 14-58, and 09-197; WT Docket No. 10-208, Report and Order and Further Notice of Proposed Rulemaking, 39 FCC Rcd 12099, 12148, para. 111 (2024) (2024 Alaska Connect Fund Order).
3/ The Alaska Plan was based on the FCC Form 477 data set and relied on population-based commitments based on where Alaskans were likely to live. The ACF will require geographic commitments at the hexagon, resolution 9 (hex-9) level and rely on Broadband Data Collection data to ensure that coverage is provided where Americans live, work, and travel. 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12143, 12148-49, 12157-60, 12162-63, paras. 111-12, 137-42, 147-48, n.266.
4/ 47 CFR Sec. 54.318(d).
5/ 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12148, para. 111
6/ 47 CFR Sec. 54.318(c)(2); 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12148-49, paras. 111-12. The creation of the Initial Eligible Areas Map, v.1.3, was an iterative process that relied on substantial cooperation with the mobile Alaska Plan providers that will participate in the ACF. See Wireless Telecommunications Bureau Seeks Comment on the Initial Eligible-Areas Map and Performance Plan Template for the Alaska Connect Fund, WC Docket No. 23-328, Public Notice DA 25-916 (WTB rel. Sept. 30, 2025) (EA Map Notice); Wireless Telecommunications Bureau Extends Comment Deadlines for Alaska Connect Fund Eligible-Areas Map And Performance Plan Template, WC Docket No. 23-328, Public Notice, DA 25-959 (WTB rel. Nov. 19, 2025) (EA Map Comment Extension Notice); Wireless Telecommunications Bureau Extends Reply Comment Deadline for Alaska Connect Fund Eligible-Areas Map and Performance Plan Template And Provides Additional Information Regarding Updated Eligible Areas Map, WC Docket No. 23-328, DA 25-1061, Public Notice (WTB rel. Dec. 16, 2025) (extending reply comment period until Jan. 7, 2026); Wireless Telecommunications Bureau Seeks Comment on Eligible-Areas Map Version 1.2, WC Docket No. 23-328, Public Notice, DA 26-426 (WTB rel. May 1, 2026) (EA Map v1.2 Notice); Wireless Telecommunications Bureau Extends Comment Deadline for Alaska Connect Fund Eligible-Areas Map v.1.2, WC Docket No. 23-328, Public Notice, DA 26-519 (WTB rel. May 22, 2026). Previous versions of the EA Map can be found on the ACF webpage. See FCC, Alaska Connect Fund, Mobile Eligible Areas Map--Version History, https://www.fcc.gov/wireline-competition/mobile-eligible-areas-map-version-history.
7/ 47 CFR Sec. 54.318(c)(2); 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12148-49, paras. 111-12.
8/ 47 CFR Sec. 54.318(d)(1); 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12134, para. 75 (defining single-support areas as areas "where only one mobile provider receives support and offers service"); Connect American Fund; Alaska Connect Fund et al., WC Docket Nos. 23-328 et al., Alaska Connect Fund Order on Reconsideration and Clarification, Alaska Plan Waiver Order, and Order, 40 FCC Rcd 7716, 7719, para. 7 (2025) (ACF Reconsideration Order).
9/ See 47 CFR Sec. 54.318(e), (h); see also 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12161, para. 145.
10/ 47 CFR Sec. 54.318(c)(2), (f)(2), (f)(5), (f)(8); 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12148-49, para. 111-12. The Bureau released the Performance Plan Template Order, which adopted the Performance Plan Template that mobile providers must use to submit their ACF performance plans for Bureau review and approval. Alaska Connect Fund, WC Docket No. 23-328, Order, DA 26-631 (WTB Jun. 25, 2026) (Performance Plan Template Order). The Universal Service Administrative Company (USAC) will provide more details for submitting these performance plans via a portal. While all performance plans must be submitted through USAC's portal and performance plan submissions to USAC's portal is sufficient to opt in, to ensure proper opt in before September 1, 2026, a provider may also email their initial performance plans to ACF@fcc.gov if they experience difficulties with the USAC performance plan portal. 47 CFR Sec. 54.318(b).
11/ See 47 CFR Sec. 54.318(c)(1)(ii)-(iii).
12/ See 47 CFR Sec. 54.318(c)(1) (defining all ineligible areas as having been previously ineligible or set with the Broadband Data Collection availability data as of December 31, 2024); ACF Reconsideration Order, 40 FCC Rcd at 7736-37, para. 43. The 2024 Alaska Connect Fund Order also asked as part of a Further Notice of Proposed Rulemaking about how support should be awarded long term in duplicate-support areas. See Alaska Connect Fund Order and FNPRM, 39 FCC Rcd at 12184-91, paras. 206-29.
13/ The Initial Eligible Areas Map relies on December 2024 BDC data. 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12148, para. 111. As a practical matter, this data set will be locked with the April 9, 2026 updates to December 31, 2024 BDC coverage data.
14/ 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12148, para. 111; 47 CFR Sec. 54.318(c)(1)(ii)-(iii), (d)(1)(ii), (f)(8). While the number of newly ineligible hex-9s are locked, WTB must provide an additional assessment of the provider's Alaska Plan service areas after the Alaska Plan ends on December 31, 2026. ACF Reconsideration Order, 40 FCC Rcd at 7730 n.104. To the extent that a mobile provider needs to expand its coverage to meet its Alaska Plan commitments after the release of the Initial EA Map, v.1.3, WTB may conclude that a provider used Alaska Plan support in additional newly ineligible areas, requiring the provider to owe additional comparable areas. 47 CFR Sec. 54.318(h).
15/ Alaska Connect Fund, Frequently Asked Question #1, https://www.fcc.gov/wireline-competition/alaska-connectfund#eligible-areas-map-faq.
16/ See 47 CFR Sec. 54.318(h); ACF Reconsideration Order, 40 FCC Rcd at 7738, para. 45 n.178; see also 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12150, para. 116 ("Where a provider commits to cover the same number of uncovered hex-9s, that will be considered a safe harbor, . . . However, if a provider wishes to commit to fewer hex9s than the number of hex-9s that were deemed ineligible, it must demonstrate why this lower number constitutes "comparable" coverage."). The Commission delegated authority to WTB, in coordination with OEA, to work with providers regarding the number of comparable hexes they must commit to cover to meet the requirements for preserving existing support for an area of the Alaska Plan that is newly ineligible for the ACF. 47 CFR Sec. 54.318(h); 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12150, para. 116.
17/ ACF Reconsideration Order, 40 FCC Rcd at 7738, para. 45 n.178; Alaska Connect Fund, Frequently Asked Question #6, https://www.fcc.gov/wireline-competition/alaska-connect-fund#eligible-areas-map-faq.
18/ See 47 CFR Sec. 54.318(e) ("A mobile provider . . . is prohibited from using Alaska Connect Fund support to provide service in areas other than its own single-support or duplicate-support areas or other eligible areas, . . .").
19/ 47 CFR Sec. 54.318(h)(5); 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12150, para. 117.
20/ 47 CFR Sec. 54.318(h)(5); 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12150, para. 117.
21/ Providers may expand their single support areas by claiming additional hex-9s through comparable areas or voluntary expansion.
22/ The EA Map Updates Template will be available for download at https://www.fcc.gov/wirelinecompetition/alaska-connect-fund#mobile-eligible-areas-map. Going forward, a provider should solely use the EA Map Update Template to request a change of a classification of a hex-9 from "other eligible" to "single support."
23/ See 47 CFR Sec. 54.318(e); 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12148-50, paras. 111-12, 117; ACF Reconsideration Order, 40 FCC Rcd at 7737-38, para. 45, n.178. WTB recognizes the indeterminate and greenfield nature of many comparable-areas or voluntary expansion claims and will consider shifts in support areas if, in the course of building out to those areas, providers find that they cannot cover some previously claimed hex-9s but can cover other eligible hex-9s. Cf. Letter from John T. Nakahata and Annick M. Banoun, Counsel, GCI, to Marlene H. Dortch, Secretary, FCC, WC Docket No. 23-328 (Apr. 30, 2026) ("To comply with performance commitments, providers should be able to substitute an adjacent non-designated other eligible hex(s) for a designated hex(s)."). With an exception for where hex-9s cross a census tract, these corrections would solely be addressed with the EA Map Update Template.
* * *
Original text here: https://docs.fcc.gov/public/attachments/DA-26-664A1.pdf
* * *
By this Public Notice, the Wireless Telecommunications Bureau (WTB), in coordination with the Office of Economics and Analytics (OEA), publishes the final version of the Initial Eligible-Areas (EA) Map, v.1.3, for the mobile part of the Alaska Connect Fund (ACF)./1 The Initial EA Map can be found at the following link: https://www.fcc.gov/wireline-competition/alaska-connect-fund#mobile-eligible-areas-map. Providers must rely upon the ... Show Full Article WASHINGTON, July 7 -- The Federal Communications Commission's Wireless Telecommunications Bureau issued the following public notice (WC Docket No. 23-328): * * * By this Public Notice, the Wireless Telecommunications Bureau (WTB), in coordination with the Office of Economics and Analytics (OEA), publishes the final version of the Initial Eligible-Areas (EA) Map, v.1.3, for the mobile part of the Alaska Connect Fund (ACF)./1 The Initial EA Map can be found at the following link: https://www.fcc.gov/wireline-competition/alaska-connect-fund#mobile-eligible-areas-map. Providers must rely upon thedata in the Initial EA Map, v.1.3, to create their initial ACF performance plans./2
Alaska Plan and ACF have fundamental differences, such as different data sources and commitments./3 In order to transition from the Alaska Plan to the ACF, for which support begins on January 1, 2027,/4 and to ensure that all providers fully understand which areas are eligible and ineligible for ACF mobile support,/5 the Commission, in the 2024 Alaska Connect Fund Order, required WTB, in coordination with OEA, to publish a map or maps of these areas./6 The EA maps also differentiate which eligible areas are duplicate-support areas, single-support areas, or other eligible areas./7 The resulting Initial EA Map, v.1.3, shows where each provider is using support to offer service in their respective single- and duplicate-support areas/8 and the other eligible areas where support may be used and claimed as single-support areas in their ACF Performance Plans./9
Using the Initial Eligible-Areas Map for Alaska Connect Fund Performance Plans. Providers must rely on the Initial EA Map, v.1.3, to create their initial ACF performance plans, which are due no later than September 1, 2026./10 Some areas that were eligible to receive support under the Alaska Plan are ineligible for support under the ACF, either because the area became competitive or was designated untestable./11 After today's publication of the Initial EA Map, v.1.3, ineligible areas will not change, and no duplicate-support areas will be added or expanded for the duration of the ACF./12 Because all ineligible areas and Alaska Plan support areas as assessed with the December 31, 2024 Broadband Data Collection (BDC)/13 data are now settled,/14 providers can now determine the number of hex-9s/15 for which they are currently receiving support but that are newly ineligible under the ACF.
Mobile providers that receive support under the Alaska Plan for coverage of newly ineligible areas in the ACF and wish to retain the support attributed to those areas must cover a comparable number of otherwise uncovered hex-9s elsewhere./16 When a provider submits its ACF Performance Plan, all comparable areas that it may seek to claim are limited to those available from the "other eligible areas,"/17 as all other hexes are either ineligible or part of another provider's recognized support area./18 Where more than one provider has a pending performance plan that seeks to claim the same "other eligible" hex-9, the provider that shows coverage to that hex-9 first, based on BDC data, will be given the preference to claim that hex-9 as part of its single-support area./19 In the event that both providers report their first coverage of the hex-9 in the same data set, the hex-9 will be considered a single-support area attributed to whichever provider has its updated performance plan accepted first./20
Making Updates for Future Eligible-Areas Map Releases. For performance plans that claim additional hex-9s,/21 the provider must also fully complete and submit the EA Map Updates Template with the list of hex-9s it wants credited to its support area./22 As providers claim areas as their additional single-support areas, WTB, in coordination with OEA, will publish additional versions of the Eligible-Areas Map so that other providers do not attempt to claim the same areas./23
For further information about this proceeding, email ACF@fcc.gov.
* * *
Footnotes:
1/ Subsequent releases will be version 2.0 and higher.
2/ 47 CFR Sec. 54.318(c)(2), (f)(2), (f)(8); Connect America Fund; Alaska Connect Fund; Connect America Fund-- Alaska Plan; Universal Service Reform--Mobility Fund; ETC Annual Reports and Certifications; Telecommunications Carriers Eligible to Receive Universal Service Support, WC Docket Nos. 10-90, 23-328, 16271, 14-58, and 09-197; WT Docket No. 10-208, Report and Order and Further Notice of Proposed Rulemaking, 39 FCC Rcd 12099, 12148, para. 111 (2024) (2024 Alaska Connect Fund Order).
3/ The Alaska Plan was based on the FCC Form 477 data set and relied on population-based commitments based on where Alaskans were likely to live. The ACF will require geographic commitments at the hexagon, resolution 9 (hex-9) level and rely on Broadband Data Collection data to ensure that coverage is provided where Americans live, work, and travel. 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12143, 12148-49, 12157-60, 12162-63, paras. 111-12, 137-42, 147-48, n.266.
4/ 47 CFR Sec. 54.318(d).
5/ 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12148, para. 111
6/ 47 CFR Sec. 54.318(c)(2); 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12148-49, paras. 111-12. The creation of the Initial Eligible Areas Map, v.1.3, was an iterative process that relied on substantial cooperation with the mobile Alaska Plan providers that will participate in the ACF. See Wireless Telecommunications Bureau Seeks Comment on the Initial Eligible-Areas Map and Performance Plan Template for the Alaska Connect Fund, WC Docket No. 23-328, Public Notice DA 25-916 (WTB rel. Sept. 30, 2025) (EA Map Notice); Wireless Telecommunications Bureau Extends Comment Deadlines for Alaska Connect Fund Eligible-Areas Map And Performance Plan Template, WC Docket No. 23-328, Public Notice, DA 25-959 (WTB rel. Nov. 19, 2025) (EA Map Comment Extension Notice); Wireless Telecommunications Bureau Extends Reply Comment Deadline for Alaska Connect Fund Eligible-Areas Map and Performance Plan Template And Provides Additional Information Regarding Updated Eligible Areas Map, WC Docket No. 23-328, DA 25-1061, Public Notice (WTB rel. Dec. 16, 2025) (extending reply comment period until Jan. 7, 2026); Wireless Telecommunications Bureau Seeks Comment on Eligible-Areas Map Version 1.2, WC Docket No. 23-328, Public Notice, DA 26-426 (WTB rel. May 1, 2026) (EA Map v1.2 Notice); Wireless Telecommunications Bureau Extends Comment Deadline for Alaska Connect Fund Eligible-Areas Map v.1.2, WC Docket No. 23-328, Public Notice, DA 26-519 (WTB rel. May 22, 2026). Previous versions of the EA Map can be found on the ACF webpage. See FCC, Alaska Connect Fund, Mobile Eligible Areas Map--Version History, https://www.fcc.gov/wireline-competition/mobile-eligible-areas-map-version-history.
7/ 47 CFR Sec. 54.318(c)(2); 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12148-49, paras. 111-12.
8/ 47 CFR Sec. 54.318(d)(1); 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12134, para. 75 (defining single-support areas as areas "where only one mobile provider receives support and offers service"); Connect American Fund; Alaska Connect Fund et al., WC Docket Nos. 23-328 et al., Alaska Connect Fund Order on Reconsideration and Clarification, Alaska Plan Waiver Order, and Order, 40 FCC Rcd 7716, 7719, para. 7 (2025) (ACF Reconsideration Order).
9/ See 47 CFR Sec. 54.318(e), (h); see also 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12161, para. 145.
10/ 47 CFR Sec. 54.318(c)(2), (f)(2), (f)(5), (f)(8); 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12148-49, para. 111-12. The Bureau released the Performance Plan Template Order, which adopted the Performance Plan Template that mobile providers must use to submit their ACF performance plans for Bureau review and approval. Alaska Connect Fund, WC Docket No. 23-328, Order, DA 26-631 (WTB Jun. 25, 2026) (Performance Plan Template Order). The Universal Service Administrative Company (USAC) will provide more details for submitting these performance plans via a portal. While all performance plans must be submitted through USAC's portal and performance plan submissions to USAC's portal is sufficient to opt in, to ensure proper opt in before September 1, 2026, a provider may also email their initial performance plans to ACF@fcc.gov if they experience difficulties with the USAC performance plan portal. 47 CFR Sec. 54.318(b).
11/ See 47 CFR Sec. 54.318(c)(1)(ii)-(iii).
12/ See 47 CFR Sec. 54.318(c)(1) (defining all ineligible areas as having been previously ineligible or set with the Broadband Data Collection availability data as of December 31, 2024); ACF Reconsideration Order, 40 FCC Rcd at 7736-37, para. 43. The 2024 Alaska Connect Fund Order also asked as part of a Further Notice of Proposed Rulemaking about how support should be awarded long term in duplicate-support areas. See Alaska Connect Fund Order and FNPRM, 39 FCC Rcd at 12184-91, paras. 206-29.
13/ The Initial Eligible Areas Map relies on December 2024 BDC data. 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12148, para. 111. As a practical matter, this data set will be locked with the April 9, 2026 updates to December 31, 2024 BDC coverage data.
14/ 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12148, para. 111; 47 CFR Sec. 54.318(c)(1)(ii)-(iii), (d)(1)(ii), (f)(8). While the number of newly ineligible hex-9s are locked, WTB must provide an additional assessment of the provider's Alaska Plan service areas after the Alaska Plan ends on December 31, 2026. ACF Reconsideration Order, 40 FCC Rcd at 7730 n.104. To the extent that a mobile provider needs to expand its coverage to meet its Alaska Plan commitments after the release of the Initial EA Map, v.1.3, WTB may conclude that a provider used Alaska Plan support in additional newly ineligible areas, requiring the provider to owe additional comparable areas. 47 CFR Sec. 54.318(h).
15/ Alaska Connect Fund, Frequently Asked Question #1, https://www.fcc.gov/wireline-competition/alaska-connectfund#eligible-areas-map-faq.
16/ See 47 CFR Sec. 54.318(h); ACF Reconsideration Order, 40 FCC Rcd at 7738, para. 45 n.178; see also 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12150, para. 116 ("Where a provider commits to cover the same number of uncovered hex-9s, that will be considered a safe harbor, . . . However, if a provider wishes to commit to fewer hex9s than the number of hex-9s that were deemed ineligible, it must demonstrate why this lower number constitutes "comparable" coverage."). The Commission delegated authority to WTB, in coordination with OEA, to work with providers regarding the number of comparable hexes they must commit to cover to meet the requirements for preserving existing support for an area of the Alaska Plan that is newly ineligible for the ACF. 47 CFR Sec. 54.318(h); 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12150, para. 116.
17/ ACF Reconsideration Order, 40 FCC Rcd at 7738, para. 45 n.178; Alaska Connect Fund, Frequently Asked Question #6, https://www.fcc.gov/wireline-competition/alaska-connect-fund#eligible-areas-map-faq.
18/ See 47 CFR Sec. 54.318(e) ("A mobile provider . . . is prohibited from using Alaska Connect Fund support to provide service in areas other than its own single-support or duplicate-support areas or other eligible areas, . . .").
19/ 47 CFR Sec. 54.318(h)(5); 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12150, para. 117.
20/ 47 CFR Sec. 54.318(h)(5); 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12150, para. 117.
21/ Providers may expand their single support areas by claiming additional hex-9s through comparable areas or voluntary expansion.
22/ The EA Map Updates Template will be available for download at https://www.fcc.gov/wirelinecompetition/alaska-connect-fund#mobile-eligible-areas-map. Going forward, a provider should solely use the EA Map Update Template to request a change of a classification of a hex-9 from "other eligible" to "single support."
23/ See 47 CFR Sec. 54.318(e); 2024 Alaska Connect Fund Order, 39 FCC Rcd at 12148-50, paras. 111-12, 117; ACF Reconsideration Order, 40 FCC Rcd at 7737-38, para. 45, n.178. WTB recognizes the indeterminate and greenfield nature of many comparable-areas or voluntary expansion claims and will consider shifts in support areas if, in the course of building out to those areas, providers find that they cannot cover some previously claimed hex-9s but can cover other eligible hex-9s. Cf. Letter from John T. Nakahata and Annick M. Banoun, Counsel, GCI, to Marlene H. Dortch, Secretary, FCC, WC Docket No. 23-328 (Apr. 30, 2026) ("To comply with performance commitments, providers should be able to substitute an adjacent non-designated other eligible hex(s) for a designated hex(s)."). With an exception for where hex-9s cross a census tract, these corrections would solely be addressed with the EA Map Update Template.
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Original text here: https://docs.fcc.gov/public/attachments/DA-26-664A1.pdf
Comptroller of the Currency: Comptroller's Handbook: Lending and Loan Portfolio Risk Management
WASHINGTON, July 7 (TNSLrpt) -- The U.S. Department of the Treasury Office of the Comptroller of the Currency issued the following report on June 25, 2026, entitled "Comptroller's Handbook: Lending and Loan Portfolio Risk Management":
Here are excerpts:
* * *
Introduction
The Office of the Comptroller of the Currency's (OCC) Comptroller's Handbook booklet, "Lending and Loan Portfolio Risk Management," is prepared for use by OCC examiners in connection with their examination and supervision of national banks, federal savings associations (FSA), and federal branches and agencies of foreign banking ... Show Full Article WASHINGTON, July 7 (TNSLrpt) -- The U.S. Department of the Treasury Office of the Comptroller of the Currency issued the following report on June 25, 2026, entitled "Comptroller's Handbook: Lending and Loan Portfolio Risk Management": Here are excerpts: * * * Introduction The Office of the Comptroller of the Currency's (OCC) Comptroller's Handbook booklet, "Lending and Loan Portfolio Risk Management," is prepared for use by OCC examiners in connection with their examination and supervision of national banks, federal savings associations (FSA), and federal branches and agencies of foreign bankingorganizations (collectively, banks). Each bank is different and may present specific risks and issues.
Accordingly, examiners should apply the information in this booklet consistent with each bank's individual circumstances. When it is necessary to distinguish among them, the types of banks are referred to separately.
Overview
This booklet is designed to provide information for examiners regarding lending, risks associated with lending, risk management practices applicable to all phases of a loan's life cycle, and risk management of the loan portfolio. This booklet also includes expanded examination procedures to assist examiners in conducting lending and loan portfolio risk management examinations beyond the core assessments in the "Community Bank Supervision," "Federal Branches and Agencies Supervision," and "Large Bank Supervision"2 booklets of the Comptroller's Handbook, as appropriate.
Examiners should use this booklet in conjunction with other booklets in the Safety and Soundness series of the Comptroller's Handbook. For example, other booklets in the "Asset Quality" category of the Safety and Soundness series include product-specific commercial and retail lending information and expanded examination procedures, and booklets in the "Management" category provide more detailed information on broader risk management topics.
Lending Examinations and Ongoing Supervision
Examiners assess lending and loan portfolio risk management during supervisory activities conducted throughout a bank's supervisory cycle. Credit risk assessments and criteria for assigning a bank's asset quality component rating are included in the core assessments in the "Community Bank Supervision," "Federal Branches and Agencies Supervision," and "Large Bank Supervision" booklets of the Comptroller's Handbook. Under the OCC's risk-based supervision approach, the scope of lending and loan portfolio risk management examination work beyond the core assessment should vary based on risk. Appendix A of this booklet includes a matrix that examiners may use as a guide when assessing the quantity of credit risk associated with a bank's lending activities. Refer to the "Bank Supervision Process" booklet of the Comptroller's Handbook for more information about supervisory cycles, supervisory activities, and the OCC's risk-based supervision approach.
Examiners should consider conclusions from relevant supervisory activities conducted during the supervisory cycle as well as conclusions as of the last full-scope report of examination (ROE). Additionally, examiners should consider findings from assurance functions such as internal audit, independent risk management, and credit risk review. Examiners should leverage findings from these functions when appropriate. Lending and loan portfolio risk management examinations can also be used to periodically validate the reliability of these functions. Refer to the "Independent Credit Risk Review" section of this booklet for more information about leveraging or validating the reliability of independent credit risk reviews.
Examiners evaluating lending and loan portfolio risk management should communicate relevant findings and observations with examiners evaluating other areas, such as examiners responsible for component rating areas and risks other than asset quality and credit risk. For example, examiners reviewing a new loan product could identify concerns with the bank's new activities processes on a broader scale, or examiners could identify product features or practices that violate consumer protection-related laws or regulations. Examiners should also review findings from other areas and leverage conclusions that have been drawn during the supervisory cycle, as appropriate. For example, examiners reviewing risk management of lending-related third parties should consider conclusions about the adequacy of the bank's overall third-party risk management processes.
Examiners may conduct a variety of lending and loan portfolio risk management examination work depending on a bank's risk profile or risks associated with a particular product, service, or activity. Examinations can provide in-depth assessments of a product (e.g., auto lending, multifamily lending), function (e.g., internal audit, credit risk review, or collections activities), risk (e.g., credit, compliance, operational), specialty lending types (e.g., leveraged lending, Small Business Administration (SBA) lending), or strategic partnerships (e.g., original equipment manufacturer lending, private label credit cards).
Lending and loan portfolio risk management examinations can also draw conclusions about activities such as credit underwriting practices, loan administration, loan information systems, financial and collateral documentation, credit risk-rating practices and accuracy of loan risk ratings, ACLs, concentration risk management, stress testing, lending-related control systems, or compliance with laws and regulations. Focal points of examinations should be tailored to the bank's risks, with heightened focus on material financial risks.
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The report is posted: https://www.occ.gov/publications-and-resources/publications/comptrollers-handbook/files/lending-loan-portfolio-risk-management/pub-ch-lending-loan-portfolio.pdf
Here are excerpts:
* * *
Introduction
The Office of the Comptroller of the Currency's (OCC) Comptroller's Handbook booklet, "Lending and Loan Portfolio Risk Management," is prepared for use by OCC examiners in connection with their examination and supervision of national banks, federal savings associations (FSA), and federal branches and agencies of foreign banking ... Show Full Article WASHINGTON, July 7 (TNSLrpt) -- The U.S. Department of the Treasury Office of the Comptroller of the Currency issued the following report on June 25, 2026, entitled "Comptroller's Handbook: Lending and Loan Portfolio Risk Management": Here are excerpts: * * * Introduction The Office of the Comptroller of the Currency's (OCC) Comptroller's Handbook booklet, "Lending and Loan Portfolio Risk Management," is prepared for use by OCC examiners in connection with their examination and supervision of national banks, federal savings associations (FSA), and federal branches and agencies of foreign bankingorganizations (collectively, banks). Each bank is different and may present specific risks and issues.
Accordingly, examiners should apply the information in this booklet consistent with each bank's individual circumstances. When it is necessary to distinguish among them, the types of banks are referred to separately.
Overview
This booklet is designed to provide information for examiners regarding lending, risks associated with lending, risk management practices applicable to all phases of a loan's life cycle, and risk management of the loan portfolio. This booklet also includes expanded examination procedures to assist examiners in conducting lending and loan portfolio risk management examinations beyond the core assessments in the "Community Bank Supervision," "Federal Branches and Agencies Supervision," and "Large Bank Supervision"2 booklets of the Comptroller's Handbook, as appropriate.
Examiners should use this booklet in conjunction with other booklets in the Safety and Soundness series of the Comptroller's Handbook. For example, other booklets in the "Asset Quality" category of the Safety and Soundness series include product-specific commercial and retail lending information and expanded examination procedures, and booklets in the "Management" category provide more detailed information on broader risk management topics.
Lending Examinations and Ongoing Supervision
Examiners assess lending and loan portfolio risk management during supervisory activities conducted throughout a bank's supervisory cycle. Credit risk assessments and criteria for assigning a bank's asset quality component rating are included in the core assessments in the "Community Bank Supervision," "Federal Branches and Agencies Supervision," and "Large Bank Supervision" booklets of the Comptroller's Handbook. Under the OCC's risk-based supervision approach, the scope of lending and loan portfolio risk management examination work beyond the core assessment should vary based on risk. Appendix A of this booklet includes a matrix that examiners may use as a guide when assessing the quantity of credit risk associated with a bank's lending activities. Refer to the "Bank Supervision Process" booklet of the Comptroller's Handbook for more information about supervisory cycles, supervisory activities, and the OCC's risk-based supervision approach.
Examiners should consider conclusions from relevant supervisory activities conducted during the supervisory cycle as well as conclusions as of the last full-scope report of examination (ROE). Additionally, examiners should consider findings from assurance functions such as internal audit, independent risk management, and credit risk review. Examiners should leverage findings from these functions when appropriate. Lending and loan portfolio risk management examinations can also be used to periodically validate the reliability of these functions. Refer to the "Independent Credit Risk Review" section of this booklet for more information about leveraging or validating the reliability of independent credit risk reviews.
Examiners evaluating lending and loan portfolio risk management should communicate relevant findings and observations with examiners evaluating other areas, such as examiners responsible for component rating areas and risks other than asset quality and credit risk. For example, examiners reviewing a new loan product could identify concerns with the bank's new activities processes on a broader scale, or examiners could identify product features or practices that violate consumer protection-related laws or regulations. Examiners should also review findings from other areas and leverage conclusions that have been drawn during the supervisory cycle, as appropriate. For example, examiners reviewing risk management of lending-related third parties should consider conclusions about the adequacy of the bank's overall third-party risk management processes.
Examiners may conduct a variety of lending and loan portfolio risk management examination work depending on a bank's risk profile or risks associated with a particular product, service, or activity. Examinations can provide in-depth assessments of a product (e.g., auto lending, multifamily lending), function (e.g., internal audit, credit risk review, or collections activities), risk (e.g., credit, compliance, operational), specialty lending types (e.g., leveraged lending, Small Business Administration (SBA) lending), or strategic partnerships (e.g., original equipment manufacturer lending, private label credit cards).
Lending and loan portfolio risk management examinations can also draw conclusions about activities such as credit underwriting practices, loan administration, loan information systems, financial and collateral documentation, credit risk-rating practices and accuracy of loan risk ratings, ACLs, concentration risk management, stress testing, lending-related control systems, or compliance with laws and regulations. Focal points of examinations should be tailored to the bank's risks, with heightened focus on material financial risks.
* * *
The report is posted: https://www.occ.gov/publications-and-resources/publications/comptrollers-handbook/files/lending-loan-portfolio-risk-management/pub-ch-lending-loan-portfolio.pdf