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 9/1/2021

    August 27, 2021
    Agencies issue guide to help community banks evaluate fintech relationships
    The federal bank regulatory agencies today released a guide intended to help community banks assess risks when considering relationships with financial technology (fintech) companies.

    August 05, 2021
    Federal Reserve Board announces the individual capital requirements for all large banks, effective on October 1
    Following its stress test earlier this year, the Federal Reserve Board on Thursday announced the individual capital requirements for all large banks, effective on October 1.

    July 20, 2021
    Federal Reserve Board statement on the Community Reinvestment Act
    The Federal Reserve Board on Tuesday announced it is committed to working together with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to jointly strengthen and modernize regulations implementing the Community Reinvestment Act (CRA).

    July 20, 2021
    Interagency statement on Community Reinvestment Act joint agency action
    The Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) are committed to working together to jointly strengthen and modernize regulations implementing the Community Reinvestment Act (CRA).

    July 19, 2021
    Agencies release public sections of resolution plans for eight large banks
    The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) today released the public sections of eight large domestic firms' resolution plans, which are required by the Dodd-Frank Act and commonly known as living wills.

    July 13, 2021
    Agencies request comment on proposed risk management guidance for third-party relationships
    The federal bank regulatory agencies today requested public comment on proposed guidance designed to help banking organizations manage risks associated with third-party relationships, including relationships with financial technology-focused entities.

    July 01, 2021
    Federal Reserve announces it will soon release new tool to help community banks implement Current Expected Credit Losses (CECL) accounting standardThe Federal Reserve announced on Thursday it will soon release a new tool to help community banks implement the Current Expected Credit Losses (CECL) accounting standard. Known as the Scaled CECL Allowance for Losses Estimator or "SCALE," the spreadsheet-based tool draws on publicly available regulatory and industry data to aid community banks with assets of less than $1 billion in calculating their CECL allowances.

    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.

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

  • Guidance

    Updated 11/23/2021

    October 22, 2021—SR Letter 21-17
    Interagency Statement on Managing the LIBOR Transition
    The purpose of this letter is to emphasize the expectation that supervised institutions with LIBOR exposure continue to progress toward an orderly transition away from LIBOR.

    September 9, 2021—SR Letter 21-16
    Community Bank Access to Innovation through Partnerships
    The purpose of this letter is to distribute the attached paper, "Community Bank Access to Innovation through Partnerships." The paper is intended to serve as a resource for community banks seeking to access innovation through partnerships with fintech companies.

    August 27, 2021—SR Letter 21-15
    Guide for Community Banking Organizations Conducting Due Diligence on Financial Technology Companies​​
    The federal bank regulatory agencies are releasing a guide intended to help community banks assess risks when considering relationships with financial technology companies.

    August 11, 2021—SR Letter 21-14
    Authentication and Access to Financial Institution Services and Systems
    The Federal Reserve Board, with the other members of the Federal Financial Institutions Examination Council (FFIEC), have issued guidance that acknowledges significant risks associated with the cybersecurity threat landscape that reinforce the need for financial institutions to effectively authenticate users and customers to protect information systems, accounts, and data.

    July 29, 2021—SR Letter 21-13
    Revised Special Post-Employment Restriction for Senior Examiners and Work Paper Reviews for Departing Examiners
    This letter is intended to promote consistency across the Federal Reserve System in identifying examiners subject to the post-employment ethics restrictions of section 10(k).​

    July 29, 2021—SR Letter 21-12
    Answers to Frequently Asked Questions on the Transition Away from London Interbank Offered Rate (LIBOR)​
    The Federal Reserve is issuing frequently asked questions to assist its supervised firms in the transition away from using the LIBOR as a reference rate.

    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.

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

  • Requests for Comment

    Updated 9/1/2021

    Federal Reserve Board extends comment period on proposed rule to govern funds transfers over the Federal Reserve Banks' FedNow Service
    The Federal Reserve Board announced on Tuesday that it will extend the comment period for its proposal to govern funds transfers over the Federal Reserve Banks' FedNow℠ Service until September 9, 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.

    Request Archives (Board of Governors) Off-site link

  • 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.
    picture of a compass on top of paper with financial numbers
    Scaled CECL Allowance for Losses Estimator (SCALE) Method and Tool Off-site link
    The SCALE method is a simple, spreadsheet-based method developed by the Federal Reserve to assist smaller community banks in calculating their current expected credit losses (CECL) compliant allowances for credit losses (ACLs) using proxy expected lifetime loss rates. The SCALE tool, also developed by the Federal Reserve, is a template that smaller community banks with total assets of less than $1 billion can follow if they wish to use the SCALE method.
    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.