SR 22-10: Inactive Supervisory Guidance

SR 22-10 / CA 22-10: Inactive Supervisory Guidance

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 The SR and SR/CA letters identified in the attachment have been determined to be inactive and no longer applicable to the Federal Reserve’s supervision program.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 In many cases, the information transmitted in these letters represented a point-in-time announcement, has become outdated, or has been superseded by subsequent regulations, policies, and guidance.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

signed by
Michael S. Gibson
Director
Division of
Supervision and Regulation

signed by
Eric S. Belsky
Director
Division of Consumer
and Community Affairs

Supersedes:

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

Attachments:

• Inactive SR and SR/CA letters*

*On December 22, 2022, this attachment was reposted to correct a typo.

Notes:

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

PDF

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Attachment to SR letter 22-10/CA letter 22-10 Inactive SR and SR/CA Letters December 19, 2022 Header row Letter No. , column 1 - Column Issuance 2 - Date Column Subject/Title 3 - Column Reason 4 - New row - SR 18-5 / CA 18-7 9/12/2018 Interagency Statement Clarifying the Role of Supervisory Guidance Superseded by the “Statement Clarifying the Role of Supervisory Guidance,” codified at Appendix A to 12 CFR 262.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). New row - SR 17-10 10/17/2017 Temporary Exceptions to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) Appraisal Requirementsin 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. New row - 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. New row - SR 16-15 10/28/2016 Exception to Appraisal Regulation Requirementsin 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. New row - SR 16-9 4/21/2016 Inactive Supervisory Guidance Superseded by SR letter 22-10/CA letter 22-10 and its attachment.

Header row, column 1 - Letter No. Column Issuance 2 - Date Column Subject/Title 3 - Column Reason 4 - New row - 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 ofthe EGRRCPA issued on July 6, 2018. New row - 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. New row - 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 ofthe template is in the Commercial Bank Examination Manual. New row - 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 ofthe program. New row - SR 07-11 7/24/2007 The Fair Value Option and the Applicability ofthe Market Risk Capital Rule Outdated announcement. See 12 CFR Part 217 Subpart F for more information on the market risk rule. New row - 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.”

Header row, column 1 - Letter No. Column Issuance 2 - Date Column Subject/Title 3 - Column Reason 4 - New row - 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. New row - SR 04-3 1/28/2004 Debt Elimination Scams Outdated announcement. New row - 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. New row - 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 Guidelinesto 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). New row - 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.

Header row, column 1 - Letter No. Column Issuance 2 - Date Column Subject/Title 3 - Column Reason 4 - New row - SR 98-5 3/23/1998 Changes to the Board's Securities Credit Regulations (Regulations G and U) Outdated announcement. New row - 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.” New row - 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.” SRNew row - 90-26 7/17/1990 Examination and Inspection Reports Outdated supervisory practice.