Supervisory Policy and Guidance Topics
Banks invest in securities to promote earnings growth and liquidity. Investment securities provide liquidity because of their marketability. However, lightly traded or exotic securities (such as structured notes) may lose their marketability over time and become less liquid. Institutions must ensure that their investment and end-user activities are permissible and appropriate within established limitations and restrictions on bank holdings of these instruments. Institutions should also employ sound risk-management practices consistently across these varying product categories, regardless of their legal characteristics or nomenclature.Sections on this page:
- SR 13-18
- Uniform Agreement on the Classification and Appraisal of Securities Held by Depository Institutions
- SR 11-11/CA 11-5
- Supervision of Savings and Loan Holding Companies (SLHCs)
- SR 04-1
- Interagency Policy on Banks/Thrifts Providing Financial Support to Funds Advised by the Banking Organization
- SR 01-13 (SUP)
- Supervisory guidance relating to a change to permissible securities activities of state member banks
- SR 01-7 (SUP)
- Revisions to Article 9 of the Uniform Commercial Code
- SR 96-32 (SUP)
- Regulatory Reporting Requirements for Debt and Equity Securities
- SR 96-2 (SPE)
- Overnight Hold-In-Custody Repurchase Transactions
- SR 94-25 (FIS)
- Interim Revision to the Supervisory Policy Statement on Securities Activities
- SR 93-40 (FIS)
- Department of the Treasury Interpretation Regarding Allocation of Securities to Customer Accounts in Hold-in-Custody Repurchase Transactions
- SR 93-13 (FIS)
- Violations of Federal Reserve Margin Regulations in Custodial Agency Accounts Resulting From "Free-Riding" Schemes
- SR 90-19
- Sale of Uninsured Debt Obligations and Securities Issued by Bank Holding Companies, Nonbank Affiliates, or State Member Banks on Retail Banking Premises
- SR 90-12
- Infrastructure Reviews for Banking Organizations Seeking Expanded Securities Underwriting and Dealing Powers
- SR 98-5 (SPE)
- Changes to the Board's Securities Credit Regulations (Regulations G and U)
SEC Matters & Brokerage Firm Operations
- SR 95-46 (SPE)
- Interpretation of Interagency Statement on Retail Sales of Nondeposit Investment Products
- SR 94-34 (FIS)
- Examination Procedures for Retail Sales of Nondeposit Investment Products
- SR 94-11 (FIS)
- Interagency Statement on Retail Sales of Nondeposit Investment Products
Government Securities Activities
- SR 06-8
- Reports of Examinations of Government Securities Activities
- SR 94-5 (FIS)
- Government Securities Act Amendments of 1993
- SR 90-1
- Examination of State Branches and Agencies of Foreign Banks for Compliance with Regulations Related to Government Securities Activities
- Board Regulations
- Report Forms
- Securities Underwriting and Dealing Subsidiaries
Bank Holding Company Supervision Manual
- Section 2126.1, "Investment Securities and End-User Derivatives Activities"
- Section 2140.0, "Securities Lending"
- Section 2150.0, "Repurchase Transactions"
- Section 2187.0, "Violations of Federal Reserve Margin Regulations Resulting from Free-Riding Schemes"
- Section 3240.0, "4(c)(8) – Underwriting and Dealing in U.S. Obligations, Municipal Securities, and Money Market Instruments"
Commercial Bank Examination Manual
- Section 2020.1, "Investment Securities and End-User Activities"
- Section 2030.1, "Bank Dealer Activities"
Trading and Capital Markets Activities Manual
- Section 3000.1, "Investment Securities and End User Activities"
Last update: December 21, 2015