Supervision and Regulation Letters, commonly known as SR Letters, address significant policy and procedural matters related to the Federal Reserve System's supervisory responsibilities. Active SR letters are listed here in reverse chronological order. Obsolete letters or letters that contain confidential supervisory information are not included.
SR Letters are numbered sequentially by year. For example, the first letter issued in 2005 is numbered SR 05-1.
Active SR letters are listed in reverse chronological order by year. Obsolete letters or letters that contain confidential supervisory information are not included.
Attachments to most of the SR letters are included. Hard copies of attachments not provided electronically are available from the Board's Freedom of Information Office.
Letters released prior to November of 2001 were assigned a designation identifying the primary supervisory function addressed in that letter, for example, SR 97-2 (SPE). The designations are explained below.
Letters issued from 1990 through 1994 were classified in one of four functional areas:
- FIS (domestic financial institution supervision),
- IB (international banking supervision),
- SA (specialized banking activities), and
- STR (banking structure and expansion).
In 1995, the functional areas were redefined, as follows:
- APP (Applications)
- ENF (Enforcement)
- GEN (General)
- NIC (National Information Center)
- SPE (Specialized Banking Activities)
- SRV (Surveillance)
- SUP (Financial Institution Supervision)
- TRN (Training)
Letters that concerned only foreign banking activities carried an additional designation, IB (International Banking), for example, SR 97-13 (SUP.IB).
Other Sources of Information on Supervisory Policies and Procedures
- Bank Holding Company Supervision Manual
- Bank Secrecy Act/Anti-Money Laundering Examination Manual
- Commercial Bank Examination Manual
- Examination Manual for U.S. Branches and Agencies of Foreign Banking Organizations
- FFIEC Information Systems Handbook
- Trading and Capital-Markets Activities Manual
Federal Reserve Regulatory Service (FRRS), available through Publications Services
Status of Certain Investment Funds and Their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations
Firms Subject to the LISCC Supervisory Program
Treatment of Certain Legacy Swaps Affected by Brexit and the Swap Margin Rule
Internal Appeals Process for Material Supervisory Determinations and Policy Statement Regarding the Ombudsman for the Federal Reserve System
Interagency Statement on LIBOR Transition
Joint Fact Sheet on Bank Secrecy Act Due Diligence Requirements for Charities and Non-profit Organizations
Interagency Statement – Reference Rates for Loans
Interagency Paper on Sound Practices to Strengthen Operational Resilience
Interagency Order Granting an Exemption from Customer Identification Program Requirements for Loans Extended by Banks and Their Subsidiaries to All Customers to Facilitate Purchases of Property and Casualty Insurance Policies
ISDA IBOR Fallback Protocol and IBOR Fallback Supplement
Joint Statement on Bank Secrecy Act Due Diligence Requirements for Customers Who May Be Considered Politically Exposed Persons
Updated Fingerprinting Process Related to Applications Reviewed by the Federal Reserve
Joint Statement on Enforcement of Bank Secrecy Act/Anti-Money Laundering Requirements
Joint Statement on Additional Loan Accommodations Related to COVID-19
Federal Financial Institutions Examination Council Issues Joint Statement on Managing the LIBOR Transition
Supervision of De Novo State Member Banks
Interagency Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Institutions
Interagency Lending Principles for Making Responsible Small-Dollar Loans
Interagency Guidance on Credit Risk Review Systems
Interagency Policy Statement on Allowances for Credit Losses
Release of Updated Sections of the Federal Financial Institutions Examination Council’s Bank Secrecy Act/Anti-Money Laundering Examination Manual
Small Business Administration (SBA) and Treasury Small Business Loan Programs
Joint Statement on Interaction of the Regulatory Capital Rule: Revised Transition of the CECL Methodology for Allowances with Section 4014 of the Coronavirus Aid, Relief, and Economic Security Act
Joint Statement on Adjustment to the Calculation for Credit Concentration Ratios Used in the Supervisory Approach
Joint Statement Encouraging Responsible Small-Dollar Lending in Response to COVID-19
Identification of Essential Critical Infrastructure Workers in the Financial Services Sector During the COVID-19 Response
Questions and Answers (Q&As) on Statement Regarding the Use of Capital and Liquidity Buffers
Supervisory Practices Regarding Financial Institutions Affected by Coronavirus
Interagency Statement on Pandemic Planning
Frequently Asked Questions on the Tailoring Rules