Foreign Banking Organization (FBO) Supervision

The Federal Reserve coordinates the supervisory program for the U.S. operations of foreign banking organizations with the other federal and state banking agencies. Since a foreign banking organization may have both federally and state-chartered offices in the United States, the Federal Reserve plays a key role in assessing the condition of the organization’s entire U.S. operations and the foreign banking organization’s ability to support its U.S. operations. In addition, under the Bank Holding Company Act and the International Banking Act, the Federal Reserve is responsible for approving, reviewing, and monitoring the U.S. nonbanking activities of foreign banking organizations that have a branch, agency, commercial lending company, or subsidiary bank in the United States.

Policy Letters

Foreign Banking Organization (FBO) Supervision

Off-site Review of Loan Files

Interagency Guidance on Funds Transfer Pricing Related to Funding and Contingent Liquidity Risks

Timing Standards for the Completion of Safety-and-Soundness Examination and Inspection Reports for Community Banking Organizations

Consolidated Supervision Framework for Large Financial Institutions

Consolidated Supervision of Bank Holding Companies and the Combined U.S. Operations of Foreign Banking Organizations

Guidance on Monitoring Compliance with the Restrictions on Foreign Investments Contained in Regulation K and Guidance for Internationally Active Domestic Banking Organizations on Recordkeeping Requirements Regarding Foreign Investments

Application of the Board's Capital Adequacy Guidelines to Bank Holding Companies owned by Foreign Banking Organizations

Enhancements to the Interagency Program for Supervising the U.S. Operations of Foreign Banking Organizations

Revised Examination Guidelines for Representative Offices of Foreign Banks

Guidance on Evaluating Activities Under the Responsibility of U.S. Branches, Agencies and Nonbank Subsidiaries of Foreign Banking Organizations (FBOs)

Guidance on Addressing Internal Control Weaknesses in U.S. Branches and Agencies of Foreign Banking Organizations through Special Audit Procedures

Allowance for Loan and Lease Losses for U.S. Branches and Agencies of Foreign Banking Organizations

Allowance for Loan and Lease Losses for U.S. Branches and Agencies of Foreign Banking Organizations

Applicability of the Interagency Policy Statement on Documentation of Loans to Small and Medium-sized Businesses and Farms to the Activities of U.S. Branches and Agencies of Foreign Banks

Policy Statement on the Use of "Points" in Settling Foreign Exchange Contracts

Examination of State Branches and Agencies of Foreign Banks for Compliance with Regulations Related to Government Securities Activities

Additional Resources

Manual References

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Last Update: May 19, 2017