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Board of Governors of the Federal Reserve System
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Board of Governors of the Federal Reserve System

Supervisory Policy and Guidance Topics


Accounting issues encompass some of the most important banking functions and practices such as auditing, internal controls, disclosure, and supervisory financial reporting. The Federal Reserve’s accounting guidance primarily addresses changes to regulatory financial reports and capital or other supervisory requirements arising from changes in accounting, auditing or internal control standards.
Sections on this page:  

Policy Letters

Fair Value Accounting

SR 07-11
The Fair Value Option and the Applicability of the Market Risk Capital Rule

General Accounting Topics

SR 13-25
Interagency Statement Regarding the Treatment of Certain Collateralized Debt Obligations Backed by Trust Preferred Securities under the Volcker Rule
SR 13-19 / CA 13-21
Guidance on Managing Outsourcing Risk
SR 13-18
Uniform Agreement on the Classification and Appraisal of Securities Held by Depository Institutions
SR 13-17
Interagency Supervisory Guidance Addressing Certain Issues Related to Troubled Debt Restructurings
SR 13-3
Interagency Guidance on Leveraged Lending
SR 12-5/CA 12-3
Policy Statement on Rental of Residential Other Real Estate Owned (OREO) Properties
SR 12-3
Interagency Guidance on Allowance Estimation Practices for Junior Lien Loans and Lines of Credit
SR 10-12
Interagency Supervisory Guidance on Bargain Purchases and FDIC- and NCUA-Assisted Acquisitions
SR 05-10
Accounting and Reporting for Commitments to Originate and Sell Mortgage Loans
SR 04-19
Interagency Statement on the Purchase and Risk Management of Life Insurance
SR 04-4
Accounting for Deferred Compensation Agreements
SR 03-4
Risk Management and Valuation of Mortgage Servicing Assets Arising from Mortgage Banking Activities
SR 02-20
The Sarbanes-Oxley Act of 2002
SR 02-10
Derivative Contracts Hedging Trust Preferred Stock
SR 01-12 (SUP)
Interagency Guidance on Loans Held for Sale
SR 00-9 (SPE)
Supervisory Guidance on Equity Investment and Merchant Banking Activities
SR 99-1 (SUP)
Interim Regulatory Reporting and Capital Guidance on FAS 133, "Accounting for Derivative Instruments and Hedging Activities"
SR 98-38 (SUP)
Interagency Policy Statement on Income Tax Allocation in a Holding Company Structure
SR 98-12 (SUP)
FFIEC Policy Statement on Investment Securities and End-User Derivatives Activities
SR 96-32 (SUP)
Regulatory Reporting Requirements for Debt and Equity Securities
SR 96-28 (SUP)
Subchapter S Election for Federal Income Taxes
SR 94-25 (FIS)
Interim Revision to the Supervisory Policy Statement on Securities Activities
SR 93-72 (FIS)
Guidance on the Capital Treatment and Other Issues Relating to the Financial Accounting Standards Board Statement No. 115, "Accounting for Certain Investments in Debt and Equity Securities"
SR 93-42 (FIS)
Interagency Guidance on Accounting for Disposition of Other Real Estate Owned

Securitization and Structured Finance

SR 13-3
Interagency Guidance on Leveraged Lending
SR 07-5
Interagency Statement on Sound Practices Concerning Elevated Risk Complex Structured Finance Activities
SR 04-7
SEC Guidance on the Potential Liability of Financial Institutions for Securities Law Violations Arising from Deceptive Structured Finance Products and Transactions
SR 02-16
Questions and Answers on the Capital Treatment of Recourse, Direct Credit Substitutes, and Residual Interests in Asset Securitizations
SR 02-15
Implicit Recourse Provided to Asset Securitizations
SR 02-12
Regulatory Capital Treatment of Accrued Interest Receivables Related to Credit Card Securitizations
SR 01-27
The Use of Forward Equity Transactions by Banking Organizations
SR 01-8 (SUP)
Supervisory Guidance on Complex Wholesale Borrowings
SR 99-37 (SUP)
Risk Management and Valuation of Retained Interests Arising from Securitization Activities
SR 99-32 (SUP)
Capital Treatment for Synthetic Collateralized Loan Obligations

Additional Resources


Manual References

  • Bank Holding Company Supervision Manual
    • Section 2065.1, "Nonaccrual Loans and Restructured Debt (Accounting, Reporting, and Disclosure Issues)"
    • Section 2065.2, "Determining an Adequate Level for the Allowance for Loan and Lease Losses (Accounting, Reporting, and Disclosure Issues)"
    • Section 2065.3, "Maintenance of an Appropriate Allowance for Loan and Lease Losses (Accounting, Reporting, and Disclosure Issues)"
    • Section 2065.4, "ALLL Methodologies and Documentation (Accounting, Reporting, and Disclosure Issues)"
    • Section 4060.3, "Consolidated Capital (Examiners’ Guidelines for Assessing the Capital Adequacy of BHCs)"
  • Commercial Bank Examination Manual
    • Section 1010.1, "Internal Control and Audit Function, Oversight, and Outsourcing"
    • Section 2020.1, "Investment Securities and End-User Activities"
    • Section 2200.1, "Other Real Estate Owned"
    • Sections 4042.1, "Purchase and Risk Management of Life Insurance"
    • Section 4030.1, "Asset Securitization"
Last update: December 27, 2013