Seal of the Board of Governors of the Federal Reserve System
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
WASHINGTON, D. C.  20551
DIVISION OF BANKING
SUPERVISION AND REGULATION
SR 06-13
August 16, 2006

TO THE OFFICER IN CHARGE OF SUPERVISION AND APPROPRIATE SUPERVISORY AND EXAMINATION STAFF AT EACH FEDERAL RESERVE BANK, AND TO BANKING ORGANIZATIONS SUPERVISED BY THE FEDERAL RESERVE
SUBJECT:  Questions and Answers Related to Interagency Guidance on Authentication in an Internet Banking Environment

To assist the banking industry and examiners, the Board of Governors of the Federal Reserve System and the other Federal Financial Institutions Examination Council (FFIEC) agencies have issued the attached frequently asked questions (FAQs) related to the FFIEC guidance on Authentication in an Internet Banking Environment. The FAQs are designed to assist financial institutions and their technology service providers in conforming to the guidance, by addressing common questions on the scope of the guidance, risk assessments, timing, and other issues.

Reserve Banks are asked to distribute this SR Letter and the attached FAQs to the banking organizations supervised by the Federal Reserve, as well as to their supervisory and examination staff. If you have any questions regarding the FAQs, please contact Stacy Coleman, Assistant Director, Operational and IT Risk Section, at (202) 452-2934, Elton Hill, Senior Supervisory Financial Analyst, at (202) 452-2514, or John Gibbons, Supervisory Financial Analyst, at (202) 452-6409.

William G. Spaniel
Acting Director


Attachment:
Frequently Asked Questions on FFIEC Guidance on Authentication in an Internet Banking Environment (356 KB PDF)
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
National Credit Union Administration
Office of the Comptroller of the Currency
Office of Thrift Supervision
Cross Reference:
SR Letter 05-19


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Last update: August 16, 2006