OF THE
FEDERAL RESERVE SYSTEM
WASHINGTON, D. C. 20551
SUPERVISION AND REGULATION
November 22, 1999
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OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D. C. 20551 |
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| DIVISION OF BANKING SUPERVISION AND REGULATION |
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| SR 99-35 (SUP) November 22, 1999 |
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TO THE OFFICER IN CHARGE OF SUPERVISION AND APPROPRIATE SUPERVISORY AND EXAMINATION STAFF AT EACH FEDERAL RESERVE BANK AND TO CERTAIN DOMESTIC AND FOREIGN BANKING ORGANIZATIONS SUPERVISED BY THE FEDERAL RESERVE
The Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation have developed a document entitled "Guide to the Interagency Country Exposure Review Committee Process." The agencies developed the guide to clarify and make more transparent the role of the ICERC in the supervisory process.
Please distribute the attached interagency guide to the appropriate officer of each bank holding company, state member bank, and banking Edge corporation in your District that files the FFIEC 009 report (Country Exposure Report), as well as to each U.S. branch and agency of a foreign banking organization supervised by the Federal Reserve. It is also appropriate to distribute the interagency guide to senior supervisory management and examination staff with responsibility for transfer risk issues.
Questions concerning this interagency guide should be directed to Michael Martinson, Deputy Associate Director (202/452-3640), or Kirk Odegard, Senior Financial Analyst (202/530-6225).
Director
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SR letters | 1999
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