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Supervision and Regulation Letters
SR 12-6
Inactive Supervisory Guidance
April 12, 2012
Revised July 26, 2012
Revised July 26, 2012
Attachment(s):
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
WASHINGTON, D. C. 20551
DIVISION OF BANKING
SUPERVISION AND REGULATION
SUPERVISION AND REGULATION
SR 12-6
April 12, 2012
Revised July 26, 2012
Attachment Reposted July 26, 2012
The attachment to this letter has been revised to provide additional information explaining why each letter has been made inactive.
TO THE OFFICER IN CHARGE OF SUPERVISION AT EACH FEDERAL RESERVE BANK
| SUBJECT: | Inactive Supervisory Guidance |
Applicability to Community Banking Organizations: This letter applies to all state member banks, bank holding companies, savings and loan holding companies, and U.S. offices of foreign banking organizations, including those with $10 billion or less in consolidated assets.
Federal Reserve Board staff have identified certain previously issued guidance that should now be inactive. Forty-three SR letters have been determined to be inactive and no longer applicable to the Federal Reserve’s supervision program. In many cases, the information transmitted in these issuances has become outdated or has been superseded by subsequent regulations, policies, and guidance. The attachment lists the letters deemed inactive.
Questions or comments about the inactive status of any of these letters or concerns that they may contain supervisory guidance of continuing relevance should be addressed to Virginia Gibbs, Manager, Policy Implementation and Effectiveness, at (202) 452-2521, or David Snyder, Supervisory Financial Analyst, at (202) 728-5893, in the Division of Banking Supervision and Regulation. In addition, questions may be sent via the Board’s public website.1
signed by
Maryann F. Hunter
Deputy Director
Division of Banking
Supervision and Regulation
Maryann F. Hunter
Deputy Director
Division of Banking
Supervision and Regulation
Revised on July 26, 2012 to include “Reason” column.
| Letter No. | Date | Subject/Title | Reason |
|---|---|---|---|
| SR 10-7 | 3/25/2010 | Comments to the Basel Committee on Banking Supervision Regarding Proposals to Strengthen the Resiliency of the Banking Sector | Expired, request for comments. |
| SR 09-6 | 7/8/2009 | California Registered Warrants | Expired, underlying instruments retired. |
| SR 09-3 | 1/27/2009 | Debt Guaranteed under the Federal Deposit Insurance Corporation's (FDIC) Temporary Liquidity Guarantee Program | Expired, Temporary Liquidity Guarantee Program funding closed. |
| SR 08-10 | 10/29/2008 | Regulatory Capital Impact of Losses on Fannie Mae and Freddie Mac Preferred Stock | Expired, event notice. |
| SR 07-14 | 8/16/2007 | FFIEC Press Release on the U.S. Treasury Department Sponsored Exercise to Test Readiness to Deal with Pandemic Crisis | Expired, event notice. |
| SR 07-13 | 8/9/2007 | Federal Trade Commission (FTC) Request for Comments on the Use of Social Security Numbers (SSNs) Within the Private Sector | Expired, request for comments. |
| SR 07-3 | 2/5/2007 | Reminder of Supervisory Guidance for Financial Institutions Affected by Hurricane Katrina | Expired, disaster event guidance. |
| SR 06-3 | 2/3/2006 | Interagency Supervisory Guidance for Institutions Affected by Hurricane Katrina | Expired, disaster event guidance. |
| SR 05-24 | 12/2/2005 | Questions and Answers for Financial Institutions in Response to Hurricanes Katrina and Rita | Expired, disaster event guidance. |
| SR 05-18 | 10/11/2005 | Waiver of the Appraisal Regulation for Regulated Institutions Affected by Hurricanes Katrina and Rita | Expired, disaster event guidance. |
| SR 05-17 | 9/22/2005 | Katrina Related Marketing Practices Invoking the Name of the Federal Reserve | Expired, disaster event guidance. |
| SR 05-15 | 9/9/2005 | FAQs for Financial Institutions on the Bank Secrecy Act and Hurricane Katrina Victims | Expired, disaster event guidance. |
| SR 05-1 | 1/27/2005 | Qualification Process for Basel II Implementation | Outdated, informational notice. |
| SR 04-5 | 3/1/2004 | Interagency Update on Accounting for Loan and Lease Losses | Outdated, informational notice. |
| SR 03-13 | 7/2/2003 | Instructions for Reporting Trust Preferred Securities on Schedule HC-R of the FR Y-9C | Superseded by report form instructions. |
| SR 03-8 | 5/5/2003 | Statement on Application of Recent Corporate Governance Initiatives to Non-Public Banking Organizations | Outdated, informational notice. |
| SR 02-22 | 12/4/2002 | Interagency Advisory on Accounting for Accrued Interest Receivable Related to Credit Card Securitizations | Outdated, newer generally accepted accounting principles (GAAP). |
| SR 01-26 | 11/1/2001 | SEC Action Against Robert L. Bentley, Bentley Financial Services, and Entrust Group | Expired, event notice or warning. |
| SR 01-16 | 5/31/2001 | Rescission of Fedwire Third-Party Access Policy | Expired, event notice. |
| SR 00-4 (SUP) | 2/29/2000 | Outsourcing of Information and Transaction Processing | Superseded, largely by SR 00-17 |
| SR 99-23 (SUP) | 9/28/1999 | Recent Trends in Bank Lending Standards for Commercial Loans | Outdated, informational notice. |
| SR 99-1 (SUP) | 1/28/1999 | Interim Regulatory Reporting and Capital Guidance on FAS 133, "Accounting for Derivative Instruments and Hedging Activities" | Superseded by report form instructions. |
| SR 98-7 (GEN) | 4/14/1998 | Interagency Advisory Concerning a "Safe Harbor" and the Filing of Suspicious Activity Reports | Superseded by SR 04-8. |
| SR 97-32 (SUP) | 12/4/1997 | Sound Practices Guidance for Information Security for Networks | Superseded by FFIEC IT exam handbooks. |
| SR 97-20 | 7/10/1997 | Superseded SR Letters | Expired notice. |
| SR 97-19 (SUP) | 6/30/1997 | Private Banking Activities | Superseded by FFIEC BSA/AML Examination Manual. |
| SR 96-22 (SPE) | 10/4/1996 | Interagency Supervisory Statement on Risk Management of Client/Server Systems | Superseded by FFIEC IT exam handbooks. |
| SR 95-10 (SUP) | 3/3/1995 | Payable Through Accounts | Superseded by FFIEC BSA/AML Examination Manual. |
| SR 95-3 (SUP) | 1/14/1995 | Clarification of the Supervisory Policy Statement on Securities Activities | Superseded. Interpretation of SR 92-1, which is inactive. |
| SR 94-52 (FIS) | 10/21/1994 | Repeal of Call Report Publication Requirements Under Federal Law | Expired notice of repeal of regulation or requirement. |
| SR 93-64 | 12/18/1993 | Credit Card-Related Merchant Activities | Outdated, informational notice. |
| SR 93-61 (FIS) | 10/25/1993 | Interagency Advisory Concerning "Prime Bank" Financial Instruments | Expired notice or warning of an event. |
| SR 93-56 (FIS) | 9/22/1993 | Bank Secrecy Act - Department of the Treasury Rulings and Directives | Outdated. Superseded by FinCEN's web site. |
| SR 93-29 (FIS) | 5/26/1993 | Potential Misuse of a Department of the Treasury Form | Outdated, informational notice. |
| SR 93-3 (IB) | 1/21/1993 | Call Report Treatment for Brazil's recently-issued IDU Bonds | Expired, underlying instruments retired. |
| SR 91-18 (FIS) | 9/23/1991 | Classification Guidelines For An Asset When A Substantial Portion Has Been Charged Off | Superseded by SR 09-7. |
| SR 91-16 (FIS) | 7/16/1991 | Supplementary Examination Guidelines on Real Estate Loans and Certain Reporting Issues Pertaining to Nonaccrual Loans | Superseded by SR 09-7. |
| SR 91-2 (FIS) | 1/31/1991 | Collateralized Mortgage Obligations/Real Estate Mortgage Investment Conduits | Outdated, inconsistent with current practices. |
| SR 90-32 | 9/21/1990 | Sharing of Inspection Reports and Other Supervisory Information with the Office of Thrift Supervision | Office of Thrift Supervision abolished by the Dodd-Frank Act. |
| SR 89-7 (STR) | 4/21/1989 | Delegation of Notices Filed Pursuant to the Management Interlocks Revision Act of 1988 ("MIRA") | Outdated. See the Board's "Rules Regarding Delegation of Authority," specifically, 12 CFR 265.11(g)(2). See also Regulation L (12 CFR 212), which implements MIRA. |
| SR 88-24 | 8/4/1988 | Recording Interest Payments and Certain Foreign Debt | Outdated, more comprehensive GAAP. |
| SR 81-729 | 12/23/1981 | Initiating examinations of the uninsured, state-chartered, non-member trust subsidiaries of bank holding companies. | Superseded by later guidance (SR-01-5). Relevant content has been incorporated in Section 3120.0 of the Bank Holding Company Supervision Manual |
|
SR 78-498 (SR 498) |
10/19/1978 | Policy Statement on Intercorporate Tax Policies | Superseded by SR 98-38 |
Last update:
December 14, 2012
