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Board of Governors of the Federal Reserve System
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Board of Governors of the Federal Reserve System

Supervisory Policy and Guidance Topics

Examination and Supervision Guidance

The main objective of the supervisory process is to evaluate the overall safety and soundness of the banking organization. This evaluation includes an assessment of the organization’s risk-management systems, financial condition, and compliance with applicable banking laws and regulations. The Federal Reserve works with other federal and state supervisory authorities to ensure the safety and soundness of financial institutions, stability in the financial markets, and fair and equitable treatment of consumers in their financial transactions.

The Federal Reserve has responsibility for supervising and regulating the following segments of the banking industry to ensure safe and sound banking practices and compliance with banking laws:
  • bank holding companies, including diversified financial holding companies formed under the Gramm-Leach-Bliley Act of 1999 and foreign banks with U.S. operations
  • state-chartered banks that are members of the Federal Reserve System (state member banks)
  • foreign branches of member banks
  • Edge and agreement corporations, through which U.S. banking organizations may conduct international banking activities
  • U.S. state-licensed branches, agencies, and representative offices of foreign banks, and
  • nonbanking activities of foreign banks.
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Policy Letters

Examination and Inspection Frequency and Scope

SR 13-21
Inspection Frequency and Scope Requirements for Bank Holding Companies and Savings and Loan Holding Companies with Total Consolidated Assets of $10 Billion or Less
SR 12-4
Upgrades of Supervisory Ratings for Banking Organizations with $10 Billion or Less in Total Consolidated Assets
SR 11-2/CA 11-2
Examinations of Insured Depository Institutions Prior to Membership or Mergers into State Member Banks
SR 07-8
Expanded Examination Cycle for Certain Financial Institutions
SR 04-18
Bank Holding Company Rating System
SR 04-12
Supervision of State-Chartered Banks
SR 02-1
Revisions to Bank Holding Company Supervision Procedures for Organizations with Total Consolidated Assets of $5 Billion or Less
SR 00-13 (SUP)
Framework for Financial Holding Company Supervision
SR 99-17 (SUP)
Supervisory Ratings for State Member Banks, Bank Holding Companies and Foreign Banking Organizations, and Related Requirements for the National Examination Data System
SR 97-8 (SUP)
Revisions to Examination Frequency Guidelines For State Member Banks
SR 97-4 (SUP)
Interagency Guidance on Common Questions About the Application of the Revised CAMELS Rating System
SR 96-38 (SUP)
Uniform Financial Institutions Rating System
SR 96-26 (SUP)
Provision of Individual Components of Supervisory Rating Systems to Management and Boards of Directors
SR 96-14 (SUP)
Risk-focused Safety and Soundness Examinations and Inspections
SR 95-51 (SUP)
Rating the Adequacy of Risk Management Processes and Internal Controls at State Member Banks and Bank Holding Companies
SR 94-12 (FIS)
The Federal Reserve System's Definition of a Full Scope, On-Site Examination for Safety and Soundness
SR 91-17
Application and Supervision Standards for De Novo State Member Banks

Examination and Inspection Reports

SR 13-14
Timing Standards for the Completion of Safety-and-Soundness Examination and Inspection Reports for Community Banking Organizations
SR 13-13 / CA 13-10
Supervisory Considerations for the Communication of Supervisory Findings
SR 13-10
Format for Safety-and-Soundness Reports of Examination and Inspection for Community State Member Banks and Holding Companies Rated Composite "4" or "5"
SR 06-8
Reports of Examinations of Government Securities Activities
SR 95-12 (SUP)
Revisions to Guidance for the Preparation of the Bank Holding Company Inspection and Bank Examination Reports and for the Preparation and Issuance of Director's Summaries of Examination/Inspection Findings
SR 94-46 (FIS)
Combined Examination/Inspection Report For Bank Holding Companies With Lead State Member Banks
SR 93-59 (FIS)
Interagency Uniform Core Report of Examination
SR 90-26
Examination and Inspection Reports

Examination and Inspection Coordination

SR 05-27
Responsible Reserve Bank and Inter-District Coordination
SR 01-25 (GEN)
Guidelines for Using External Experts on Examinations, Inspections, and Other Bank Supervision Matters
SR 99-17 (SUP)
Supervisory Ratings for State Member Banks, Bank Holding Companies and Foreign Banking Organizations, and Related Requirements for the National Examination Data System
SR 96-33 (SUP)
State/Federal Protocol and Nationwide Supervisory Agreement
SR 95-40 (SUP)
Interagency Statement on Guidelines for Relying on State Examinations
SR 94-46 (FIS)
Combined Examination/Inspection Report For Bank Holding Companies With Lead State Member Banks
SR 94-31 (FIS)
Coordination of Specialty Examinations with Full Scope Safety and Soundness Examinations of State Member Banks
SR 93-30 (FIS)
Interagency Policy Statements on Supervisory Initiatives Released Today

Large Complex Banking Organization Supervision

SR 14-8
Consolidated Recovery Planning for Certain Large Domestic Bank Holding Companies
SR 14-1
Heightened Supervisory Expectations for Recovery and Resolution Preparedness for Certain Large Bank Holding Companies - Supplemental Guidance on Consolidated Supervision Framework for Large Financial Institutions (SR letter 12-17/CA letter 12-14)
SR 13-23
Risk Transfer Considerations When Assessing Capital Adequacy – Supplemental Guidance on Consolidated Supervision Framework for Large Financial Institutions (SR letter 12-17/CA letter 12-14)
SR 13-1 / CA 13-1
Supplemental Policy Statement on the Internal Audit Function and Its Outsourcing
SR 12-17 / CA 12-14
Consolidated Supervision Framework for Large Financial Institutions
SR 12-7
Supervisory Guidance on Stress Testing for Banking Organizations with More Than $10 Billion in Total Consolidated Assets
SR 08-9 / CA 08-12
Consolidated Supervision of Bank Holding Companies and the Combined U.S. Operations of Foreign Banking Organizations
SR 04-18
Bank Holding Company Rating System
SR 03-22
Framework for Assessing Consumer Compliance Risk at Bank Holding Companies
SR 03-9
Interagency Paper on Sound Practices to Strengthen the Resilience of the U.S. Financial System
SR 00-14 (SUP)
Enhancements to the Interagency Program for Supervising the U.S. Operations of Foreign Banking Organizations
SR 00-13 (SUP)
Framework for Financial Holding Company Supervision
SR 97-24 (SUP)
Risk-Focused Framework for Supervision of Large Complex Institutions
SR 96-29 (SUP)
Supervisory Program for Risk-Based Inspections of Top 50 Bank Holding Companies
SR 95-18 (SUP)
Section 309 of the Riegle Community Development and Regulatory Improvement Act of 1994, Intra-Agency Appeals Process

Communicating with Bank Directors

SR 96-26 (SUP)
Provision of Individual Components of Supervisory Rating Systems to Management and Boards of Directors
SR 95-19 (SUP)
Revisions to Guidance on Meetings with Boards of Directors
SR 95-12 (SUP)
Revisions to Guidance for the Preparation of the Bank Holding Company Inspection and Bank Examination Reports and for the Preparation and Issuance of Director's Summaries of Examination/Inspection Findings

Nonbanking Subsidiary Examination Guidance

SR 12-14
Revised Guidance on Supervision of Technology Service Providers
SR 00-17 (SPE)
Guidance on the Risk Management of Outsourced Technology Services
SR 00-4 (SUP)
Outsourcing of Information and Transaction Processing
SR 93-19 (FIS)
Supplemental Guidance for the Inspection of Nonbank Subsidiaries of Bank Holding Companies
SR 90-8
Inspection Procedures for "Section 20 Subsidiaries"

Examination of Specific Risk Management Activities

SR 13-19 / CA 13-21
Guidance on Managing Outsourcing Risk
SR 10-10
Interagency Guidance on Correspondent Concentration Risk
SR 05-21
Guidance on the Examination Treatment of Assets Related to the Tobacco Transition Payment Program
SR 93-36 (FIS)
Preliminary Examiner Guidelines for Regulation F -- Interbank Liabilities

Administrative Examination Topics

SR 95-32 (SUP)
Amendment to the Board's Anti-Tying Rules--A "Combined-Balance Discount" Safe Harbor
Last update: September 25, 2014