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 7/23/2021

    June 30, 2021
    Financial Regulators Update Examiner Guidance on Financial Institutions’ Information Technology Architecture, Infrastructure, and Operations
    The Federal Financial Institutions Examination Council (FFIEC) has issued Architecture, Infrastructure, and Operations, a new booklet in the FFIEC Information Technology Examination Handbook series.

    June 25, 2021
    Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
    The Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation today announced the availability of the 2021 list of distressed or underserved nonmetropolitan middle-income geographies.

    June 24, 2021
    Federal Reserve Board releases results of annual bank stress tests
    The Federal Reserve Board on Thursday released the results of its annual bank stress tests, which showed that large banks continue to have strong capital levels and could continue lending to households and businesses during a severe recession.

    June 21, 2021
    Federal and State Regulators Release Updates to the BSA/AML Examination Manual
    The Federal Financial Institutions Examination Council (FFIEC) has released updates to four sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.

    June 17, 2021
    FFIEC Announces Availability of 2020 Data on Mortgage Lending
    The Federal Financial Institutions Examination Council announced the availability of data on 2020 mortgage lending transactions at 4,475 U.S. financial institutions reported under the Home Mortgage Disclosure Act.

    June 7, 2021
    Federal Reserve Board announces release date for results from bank stress test
    The Federal Reserve Board announced that results from its bank stress tests will be released on Thursday, June 24, at 4:30 p.m. (ET).

    June 2, 2021
    Federal Reserve Board issues final rule amending Regulation D
    The Federal Reserve Board announced the approval of a final rule amending Regulation D to eliminate references to an interest on required reserves (IORR) rate and to an interest on excess reserves (IOER) rate and replace them with a single interest on reserve balances (IORB) rate.

    May 21, 2021
    Agencies issue host state loan-to-deposit ratios
    Federal bank regulatory agencies issued the host state loan-to-deposit ratios that are used to evaluate compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994.

    May 17, 2021
    Agencies extend comment period on request for information on artificial intelligence
    Five federal financial regulatory agencies announced they will extend the comment period on the request for information on financial institutions' use of artificial intelligence (AI) until July 1, 2021.

    May 14, 2021
    Federal Reserve Board announces third extension of rule to bolster effectiveness of PPP
    The Federal Reserve Board announced the third extension of a rule to bolster the effectiveness of the Small Business Administration's Paycheck Protection Program.

    May 7, 2021
    Federal Reserve Board invites public comment on proposed changes to Regulation II
    The Federal Reserve Board invited public comment on proposed changes to Regulation II (Debit Card Interchange Fees and Routing) to clarify that debit card issuers should enable, and allow merchants to choose from, at least two unaffiliated networks for card-not-present debit card transactions.

    May 5, 2021
    Federal Reserve Board invites public comment on proposed guidelines
    The Federal Reserve Board invited public comment on proposed guidelines to evaluate requests for accounts and payment services at Federal Reserve Banks ("Account Access Guidelines").

    May 3, 2021
    Thomas Fite Elected State Liaison Committee Chairman, Reappointed to FFIEC State Liaison Committee
    The Federal Financial Institutions Examination Council (FFIEC) today announced the election of Thomas Fite by the State Liaison Committee (SLC) as chairman and his reappointment to the FFIEC's SLC for a second two-year term.

    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.

    Press Release Archives (Board of Governors) Off-site link

  • Guidance

    Updated 7/23/2021

    June 30, 2021—SR Letter 21-11
    FFIEC Architecture, Infrastructure, and Operations Examination Handbook
    The Federal Financial Institutions Examination Council (FFIEC) has published the Architecture, Infrastructure, and Operations (AIO) booklet.

    June 30, 2021—SR Letter 21-10
    Interagency Statement on the Issuance of the Anti-Money Laundering/Countering the Financing of Terrorism National Priorities
    The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency, the State bank and credit union regulators, and the U.S Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) are issuing an Interagency Statement on the Issuance of the Anti-Money Laundering/Countering the Financing of Terrorism National Priorities.

    June 22, 2021—SR Letter 21-9
    Release of Updated Sections of the Federal Financial Institutions Examination Council's Bank Secrecy Act/Anti-Money Laundering Examination Manual
    Members of the Federal Financial Institutions Examination Council released several updated sections and related examination procedures to the Bank Secrecy Act/Anti-Money Laundering Examination Manual.

    April 9, 2021—SR Letter 21-8
    Interagency Statement on Model Risk Management for Bank Systems Supporting Bank Secrecy Act/Anti-Money Laundering Compliance
    The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued this statement to address how risk management principles described in the Supervisory Guidance on Model Risk Management (referred to as model risk management guidance) relate to systems or models used by banks to assist in compliance with requirements of Bank Secrecy Act/anti-money laundering laws and regulations.

    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.

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

  • Requests for Comment

    Updated 7/23/2021

    Federal Reserve Board Extends Comment Period on Proposed Changes to Regulation II
    The Federal Reserve Board extends comment period on proposed changes to Regulation II regarding network availability for card-not-present debit card transactions until August 11, 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.