Supervision and Regulation Letters

Share PDF RSS

SR 22-3 / CA 22-1:

Federal Financial Institutions Examination Council Issues Statement of Principles on Examination Information Requests

BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM
WASHINGTON, D.C. 20551

DIVISION OF
SUPERVISION AND REGULATION

DIVISION OF CONSUMER
AND COMMUNITY AFFAIRS

SR 22-3 / CA 22-1
January 21, 2022

TO THE OFFICER IN CHARGE OF SUPERVISION AND APPROPRIATE SUPERVISORY AND EXAMINATION STAFF AT EACH FEDERAL RESERVE BANK AND INSTITUTIONS SUPERVISED BY THE FEDERAL RESERVE

SUBJECT:

Federal Financial Institutions Examination Council Issues Statement of Principles on Examination Information Requests

Applicability:  This letter applies to all institutions supervised by the Federal Reserve, including those with $10 billion or less in consolidated assets.

On January 21, 2022, the Federal Financial Institutions Examination Council (FFIEC) issued a statement (statement) outlining the principles for examination information requests that the members of the FFIEC developed and committed to implement based on results of the final phase of the Examination Modernization Project (Project).1 The Project was initiated in response to a review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act. The statement also discusses the development of a common authentication mechanism for external access to FFIEC members’ respective supervision systems.

Reserve Banks are asked to distribute this letter to the supervised organizations in their districts and to appropriate supervisory staff. Questions may be sent via the Board’s public website.2

signed by
Michael S. Gibson
Director
Division of
Supervision and Regulation

signed by
Eric S. Belsky
Director
Division of Consumer
and Community Affairs

Attachments:
Cross References:
  • SR letter 19-5, “Communication Expectations for Community Bank Examinations and Inspections”
Notes:

  1. The FFIEC Statement of Principles on Examination Information Requests supplements the guidance in SR letter 19-5, “Communication Expectations for Community Bank Examinations and Inspections.”  Return to text.

  2. See https://www.federalreserve.gov/apps/contactus/feedback.aspx.  Return to text.

Back to Top
Last Update: January 21, 2022