Agriculture and Energy Assistance Act of 1986

[AI summary unavailable — showing source text] Agriculture and Energy Assistance Act of 1986 - Amends the Federal Deposit Insurance Act to direct the appropriate Federal banking agency to allow an agricultural or energy bank which engages in troubled debt restructuring involving only modification of the terms of the original debt agreement to account for the effects of the debt restructuring prospectively and to continue to account for the bank's investment in the original debt agreement in the amount recorded by the bank prior to such restructuring (provided the investment is less than or equal to the anticipated cash receipts from restructuring) to the extent such methods of accounting are consistent with generally accepted accounting principles. Directs the appropriate agency to prescribe the manner in which a bank will report any troubled debt restructuring in reports of condition. Authorizes the appropriate agency to limit troubled debt restructuring when necessary to maintain a bank in safe and sound condition. Requires each appropriate agency to allow the capital of a qualified insured bank to fall below its minimum capital requirement. Permits the agency to limit the extent and duration of the shortfall as necessary to …