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December 2021

Other Real Estate Owned

This publication is part of:

Collection: Comptroller's Handbook

Series: Safety and Soundness

Category: Asset Quality


This booklet focuses on the acquisition, management, disposition, and accounting of other real estate owned (OREO) held by banks. In general, OREO is real estate, including leases, that is (1) acquired through any means in full or partial satisfaction of a debt previously contracted, and (2) a former banking facility, including a property that was acquired for future expansion but for which banking use is no longer contemplated.


This booklet applies to the OCC's supervision of national banks and federal savings associations.