Inactive Supervisory Guidance

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BOARD OF GOVERNORS

OF THE

FEDERAL RESERVE SYSTEM

WASHINGTON, D.C. 20551

DIVISION OF SUPERVISION

AND REGULATION

DIVISION OF CONSUMER AND

COMMUNITY AFFAIRS

SR 22-10

CA 22-10

December 19, 2022

TO THE OFFICER IN CHARGE OF SUPERVISION

AT EACH FEDERAL RESERVE BANK

SUBJECT: Inactive Supervisory Guidance

Applicability: This letter applies to all banking organizations supervised by the Federal

Reserve, including those with $10 billion or less in consolidated assets.

The purpose of this letter is to announce that Federal Reserve staff has made certain

previously issued Supervision and Regulation (SR) and Supervision and Regulation and

Consumer Affairs (SR/CA) letters inactive. The SR and SR/CA letters identified in the

attachment have been determined to be inactive and no longer applicable to the Federal

Reserve’s supervision program. The attachment also explains when and why each letter has been

made inactive. In many cases, the information transmitted in these letters represented a point-in-

time announcement, has become outdated, or has been superseded by subsequent regulations,

policies, and guidance. In some instances, letters were made inactive because more

comprehensive guidance on the topic is available in the Commercial Bank Examination Manual

or the Bank Holding Company Supervision Manual or another document, as noted in the

attachment.

Questions or comments about the inactive status of any of these letters or concerns that

they may contain supervisory guidance of continuing relevance may be sent via the Board’s

public website.1

Michael S. Gibson

Eric S. Belsky

Director

Director

Division of Supervision Division of Consumer and

and Regulation

Community Affairs

1 See http://www.federalreserve.gov/apps/contactus/feedback.aspx.

ebsite.1

Michael S. Gibson

Eric S. Belsky

Director

Director

Division of Supervision Division of Consumer and

and Regulation

Community Affairs

1 See http://www.federalreserve.gov/apps/contactus/feedback.aspx.

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Supersedes:

• SR letter 16-9, “Inactive Supervisory Guidance”

Attachment:

• Inactive SR and SR/CA letters

Attachment to SR letter 22-10/CA letter 22-10

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Inactive SR and SR/CA Letters

December 19, 2022

Letter No.

Issuance

Date

Subject/Title

Reason

SR 18-5 /

CA 18-7

9/12/2018

Interagency Statement

Clarifying the Role of

Supervisory Guidance

Superseded by the “Statement

Clarifying the Role of Supervisory

Guidance,” codified at Appendix A

to 12 CFR 262. See also 86 Fed.

Reg. 18,173 (April 8, 2021).

SR 17-10

10/17/2017

Temporary Exceptions to the

Financial Institutions Reform,

Recovery, and Enforcement

Act of 1989 (FIRREA)

Appraisal Requirements in

Areas Affected by Severe

Storms and Flooding Related

to Hurricanes Harvey, Irma,

and Maria

Outdated announcement. This order

expired three years after the date the

President declared the relevant state

or territory a major disaster. The

expiration date was September 20,

2020.

SR 16-18

12/9/2016

Procedures for a Banking

Entity to Request an Extended

Transition Period for Illiquid

Funds

Outdated guidance. The Volcker

Rule’s (Section 13 of the Bank

Holding Company Act codified at

12 U.S.C. § 1851) transition period

for illiquid funds ended on July 21,

2022.

SR 16-15

10/28/2016

Exception to Appraisal

Regulation Requirements in

Areas Affected by Flooding in

Louisiana

The SR letter was removed from the

Board’s public website on February

14, 2019. The exception to appraisal

regulation requirements described in

the letter expired on December 31,

2017

codified at

12 U.S.C. § 1851) transition period

for illiquid funds ended on July 21,

2022.

SR 16-15

10/28/2016

Exception to Appraisal

Regulation Requirements in

Areas Affected by Flooding in

Louisiana

The SR letter was removed from the

Board’s public website on February

14, 2019. The exception to appraisal

regulation requirements described in

the letter expired on December 31,

2017.

SR 16-9

4/21/2016

Inactive Supervisory Guidance

Superseded by SR letter 22-10/CA

letter 22-10 and its attachment.

Attachment to SR letter 22-10/CA letter 22-10

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Letter No.

Issuance

Date

Subject/Title

Reason

SR 14-3

3/6/2014

Supervisory Guidance on

Dodd-Frank Act Company-

Run Stress Testing for

Banking Organizations with

Total Consolidated Assets of

More Than $10 Billion but

Less Than $50 Billion

This letter was removed from the

Board’s website on April 15, 2019.

The Economic Growth, Regulatory

Relief, and Consumer Protection

Act (EGRRCPA), enacted on May

24, 2018, amended the applicability

of company-run stress testing to

certain financial companies. Refer to

the interagency statement regarding

the impact of the EGRRCPA issued

on July 6, 2018.

SR 13-16

10/7/2013

End of Microsoft Support for

Windows XP Operating

System

Outdated announcement from the

Federal Financial Institutions

Examination Council (FFIEC).

Effective April 8, 2014, Microsoft

no longer marketed, supported, or

provided regular security patches for

XP.

SR 13-10

4/25/2013

Format for Safety-and-

Soundness Reports of

Examination and Inspection

for Community State Member

Banks and Holding Companies

Rated Composite “4” or “5”

This SR letter was removed from the

Board’s website on January 7, 2021.

The report of examination template

has been updated and the most

current version of the template is in

the Commercial Bank Examination

Manual.

SR 10-17

12/22/2010

Underwriting Standards for

Small Business Loans

Originated under the Small

Business Lending Fund

Program

Outdated guidance

Rated Composite “4” or “5”

This SR letter was removed from the

Board’s website on January 7, 2021.

The report of examination template

has been updated and the most

current version of the template is in

the Commercial Bank Examination

Manual.

SR 10-17

12/22/2010

Underwriting Standards for

Small Business Loans

Originated under the Small

Business Lending Fund

Program

Outdated guidance. The application

deadline for C Corporation banks

was May 16, 2011, and all closings

were completed by September 27,

2011, the statutory end of the

program.

SR 07-11

7/24/2007

The Fair Value Option and the

Applicability of the Market

Risk Capital Rule

Outdated announcement. See

12 CFR Part 217 Subpart F for more

information on the market risk rule.

SR 06-13

8/16/2006

Questions and Answers

Related to Interagency

Guidance on Authentication in

an Internet Banking

Environment

The guidance in this letter was

superseded with the issuance of SR-

letter 21-14, “Authentication and

Access to Financial Institution

Services and Systems.”

Attachment to SR letter 22-10/CA letter 22-10

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Letter No.

Issuance

Date

Subject/Title

Reason

SR 04-15

11/4/2004

Termination of the Regulatory

Reports Monitoring Program

and New Procedures for

Monitoring Regulatory

Reports

Outdated announcement to Federal

Reserve staff.

SR 04-3

1/28/2004

Debt Elimination Scams

Outdated announcement.

SR 01-19

8/10/2001

Reports of Examinations of

Community Banking

Organizations

This SR letter was removed from the

Board’s website on January 7, 2021.

The report of examination template

has been updated and the most

current version of the template is in

the Commercial Bank Examination

Manual.

SR 01-1

1/5/2001

Application of the Board’s

Capital Adequacy Guidelines

to Bank Holding Companies

owned by Foreign Banking

Organizations

Outdated guidance

Organizations

This SR letter was removed from the

Board’s website on January 7, 2021.

The report of examination template

has been updated and the most

current version of the template is in

the Commercial Bank Examination

Manual.

SR 01-1

1/5/2001

Application of the Board’s

Capital Adequacy Guidelines

to Bank Holding Companies

owned by Foreign Banking

Organizations

Outdated guidance. Section 171(b)

of the Dodd-Frank Act required the

federal banking agencies, including

the Federal Reserve, to establish

minimum uniform capital rules for

bank holding companies (BHCs),

savings and loan holding companies,

and depository institutions. This was

implemented by the Federal Reserve

with Regulation Q (12 CFR Part

217), which contains the statutorily

mandated uniform capital rules and

exempted BHCs covered by SR

letter 01-1, “Application of the

Board’s Capital Adequacy

Guidelines to Bank Holding

Companies owned by Foreign

Banking Organizations,” from these

capital rules until July 21, 2015. See

78 Fed. Reg. 62,018 (Oct. 11, 2013).

SR 00-17

11/30/2000

Guidance on the Risk

Management of Outsourced

Technology Services

Guidance was rescinded with the

2004 release of the FFIEC

Outsourcing Technology Services

Booklet. See the FFIEC’s July 15,

2004, press release for more

information.

Attachment to SR letter 22-10/CA letter 22-10

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Letter No.

Issuance

Date

Subject/Title

Reason

SR 98-5

3/23/1998

Changes to the Board’s

Securities Credit Regulations

(Regulations G and U)

Outdated announcement.

SR 95-12

3/13/1995

Revisions to Guidance for the

Preparation of the Bank

Holding Company Inspection

and Bank Examination Reports

and for the Preparation and

Issuance of Director’s

Summaries of

Examination/Inspection

Findings

Outdated supervisory practice

Reason

SR 98-5

3/23/1998

Changes to the Board’s

Securities Credit Regulations

(Regulations G and U)

Outdated announcement.

SR 95-12

3/13/1995

Revisions to Guidance for the

Preparation of the Bank

Holding Company Inspection

and Bank Examination Reports

and for the Preparation and

Issuance of Director’s

Summaries of

Examination/Inspection

Findings

Outdated supervisory practice. For

more information, see the

examination report templates in the

Commercial Bank Examination

Manual and Bank Holding Company

Supervision Manual as well as SR

letter 13-13/CA letter 13-10,

“Supervisory Considerations for the

Communication of Supervisory

Findings.”

SR 94-40

6/22/1994

Citizenship Policy and

Requirements For Federal

Reserve Examiners

Outdated guidance. 12 CFR

268.304(a)(4), which is referenced

in the SR letter, no longer exists.

The Federal Reserve Administrative

Manual contains more information

on the Board’s, “Regulation on

Granting Eligibility for Access to

Federal Open Market Committee

Information and Confidential

Supervisory Information.”

SR 90-26

7/17/1990

Examination and Inspection

Reports

Outdated supervisory practice.