Regulatory News

Supervision, Regulation, and Credit: Regulatory News

Regulatory News makes current information from the Supervision, Regulation, and Credit Division easily accessible.

  • Recent News

    Updated 4/21/2021

    April 9, 2021
    Statement Issued on Bank Secrecy Act Compliance
    Bank regulators have issued a statement addressing how certain risk management principles relate to systems or models used by banks to assist in complying with the requirements of Bank Secrecy Act laws.

    January 19, 2021
    Board Finalizes Capital Planning Rule
    The Federal Reserve finalized a rule, generally similar to the proposal, that updates the Board's capital planning requirements to be consistent with other recently modified Board rules.

    December 18, 2020
    Fed Affirms Capital Buffer at Current Level
    The Federal Reserve Board has voted to affirm the Countercyclical Capital Buffer at the current level of 0 percent, following the framework detailed in the Board's policy statement.

    December 18, 2020
    Second Round of Bank Stress Test Results Released
    The Federal Reserve Board released a second round of bank stress test results, which showed that large banks had strong capital levels under two separate hypothetical recessions.

    December 18, 2020
    Agencies Propose Requirement for Computer Security Incident Notification
    Regulators have announced a proposal that would require supervised banking organizations to promptly notify their primary federal regulator in the event of a computer security incident.

    December 17, 2020
    CRA Asset-Size Threshold Adjustment Released
    Regulators have announced the annual adjustment to the asset-size thresholds used to define small bank and intermediate small bank under the Community Reinvestment Act regulations.

    December 15, 2020
    Federal Reserve Joins Climate Risk Management Network
    The Federal Reserve announced that it has formally joined the Network of Central Banks and Supervisors for Greening the Financial System.

    December 9, 2020
    Agencies Announce Several Resolution Plan Actions
    Regulators have announced several resolution plan actions, which describe a strategy for resolution in bankruptcy in the event of a company's material financial distress or failure.

    December 7, 2020
    Fed Announces Annual Indexing for 2021
    The Federal Reserve announced the annual indexing of the reserve requirement exemption amount and the low reserve tranche, which are required by statute but will not affect depository institutions' reserve requirements.

    December 3, 2020
    Fed Announces Advisory Committee Members
    The Federal Reserve Board announced seven members, including three new members, of its Insurance Policy Advisory Committee, who will serve three-year terms beginning in 2021.

    SR Letter Archives (Board of Governors) Off-site link

  • Guidance

    Updated 5/12/2021

    March 9, 2021—SR Letter 21-7
    Guidance Issued on Assessing Plans for LIBOR Transition
    To assist examiners in assessing supervised firms' progress in preparing for the transition away from LIBOR, the Federal Reserve has issued guidance to examiners on assessing firms' plans to make the transition.

    March 5, 2021 (revised March 25, 2021)—SR Letter 21-6
    Fed Highlights Partnership for Progress Program
    The Fed clarified guidance related to the definition of minority depository institutions, defines women's depository institutions, and highlights resources available to these institutions through the Partnership for Progress program.

    February 26, 2021—SR Letter 21-5
    Regulators Update Sections BSA/AML Examination Manual
    Federal bank regulators have issued updates to the Bank Secrecy Act/Anti-Money Laundering Examination Manual, making the examination process more transparent but not establishing new requirements.

    February 26, 2021—SR Letter 21-4
    Review of Boards of Directors' Supervisory Expectations Presented
    The Federal Reserve recently discussed the results of its review of supervisory expectations for boards of directors of bank and savings and loan holding companies that are presented in certain existing Supervision and Regulation and Consumer Affairs letters.

    February 26, 2021—SR Letter 21-3
    Fed Clarifies Attributes of Effective Boards of Directors
    The Federal Reserve has clarified the key attributes of effective boards of directors at certain large domestic bank holding companies and savings and loan holding companies.

    November 14, 1995 (revised February 26, 2021)—SR Letter 95-51
    Risk Management Processes, Internal Controls Rated
    Emphasizing the importance of sound risk management processes and strong internal controls when evaluating the activities of the institutions it supervises, the Federal Reserve has provided guidance on the adequacy of risk management processes and internal controls at state member banks and bank holding companies.

    June 8, 2016 (revised February 17, 2021)—SR Letter 16-11
    Fed ProvidesRevisedSupervisory Guidance for Assessing Risk Management
    The Federal Reserve revised its supervisory guidance for assessing risk management at certain supervised institutions, providing guidance and supervisory expectations for the roles and responsibilities of the board of directors and senior management for an institution's risk management.

    March 3, 2016 (revised February 17, 2021)—SR Letter 16-4
    Tailored Supervisory Approaches to Supervision Clarified
    The Federal Reserve recently revised its guidance around separate tailored supervisory approaches for relying on the work of the regulators of insured depository institution subsidiaries of community banking organizations and regional banking organizations.

    January 19, 2021—SR Letter 21-2
    Guidance Issued on Suspicious Activity Reporting
    To clarify Suspicious Activity Report filing requirements, regulators have issued answers to frequently asked questions regarding suspicious activity reporting and other anti-money laundering considerations.

    December 22, 2020—SR 20-31
    Regulators Specify Status of Investment Funds, Portfolio Investments
    Banking agencies issued a statement explaining that they will continue to exercise discretion not to take enforcement action against asset managers in certain defined circumstances.

    December 18, 2020—SR 20-30
    Fed Makes Clear Supervisory Program's Scope
    The Federal Reserve has defined which types of financial institutions are subject to the Large Institution Supervision Coordinating Committee supervisory program.

    December 11, 2020—SR 20-29
    Recommended Treatment of Legacy Swaps Discussed
    Banking regulators have issued a statement discussing recommendations about when not to take enforcement action if a covered swap entity is a party to a legacy swap that was amended under certain conditions.

    December 4, 2020 – SR 20-28 / CA 20-14
    Federal Reserve Revises Ombudsman Process
    The Federal Reserve Board updated its policy statement governing the internal appeals process for material supervisory determinations and revised its ombudsman policy.

  • Requests for Comment

    Updated 5/21/2021

    Comment Sought on Proposed Rule for Tax Allocation Agreements
    Regulators have invited comment on a proposed rule that updates and codifies existing guidance on income tax allocation agreements involving depository institutions and their affiliates.

    Comment Invited on Proposed Automation of Certain Capital Stock Adjustments
    The Federal Reserve has requested public comment on proposed automation of some adjustments to member banks' subscriptions to Federal Reserve Bank capital stock.

    Regulators Request Comment on Flood Insurance Information

    Regulators have requested public comment on proposed questions and answers regarding private flood insurance, which is intended to help lenders comply with a rule implementing past private flood insurance provisions.

    Requirement for Incident Notification Proposed
    Regulators have announced a proposal that would require supervised banking organizations to promptly notify their primary federal regulator in the event of a computer security incident. The regulators are also requesting public comment on a notice of proposed rulemaking.

  • Tools

    Examination Tools
    Cybersecurity Assessment ToolOff-site link (guía del usuario disponible en español Adobe PDF file format)
    In light of the increasing volume and sophistication of cyber threats, the Federal Financial Institutions Examination Council has developed the Cybersecurity Assessment Tool to help identify risks and determine preparedness. Este artículo también está disponible en español.
    Data Analysis Tools
    U.S. Commercial Real Estate (CRE) Momentum Index
    Commercial Real Estate (CRE) Momentum Index
    This interactive market analysis tool combines economic and real estate market data for more than 300 metro areas to provide insight into the momentum of change in CRE markets across the country. It enables users to identify trends and assess market risks for the four major property sectors—apartment, office, retail, and industrial.
    illustration of a series of townhomes inset with a jagged bar chart with a dashed line
    Home Ownership Affordability Monitor
    This tool tracks the relative changes in home ownership affordability at a higher frequency and more granular level of geography than other current housing tools. It measures the ability of a median-income household to absorb the estimated annual costs associated with owning a median-priced home.
    Mortgage Analytics and Performance Dashboard
    The Mortgage Analytics and Performance Dashboard (MAPD) gives policymakers at the national, state, and local levels the ability to see where owner-occupant homeowners in their jurisdictions have fallen behind on mortgage payments or used mortgage forbearance as a means of economic relief during the COVID-19 pandemic.