District Circular Letters

November 02, 1999

BANKING SUPERVISION AND REGULATION:
TEMPORARY BALANCE SHEET GROWTH DURING THE CENTURY DATE CHANGE PERIOD

To State Member Banks, Bank Holding Companies,
Edge Act Corporations, U.S. Branches and Agencies of Foreign Banks,
and Others Concerned in the Twelfth Federal Reserve District

The Federal Reserve, along with the other federal banking agencies, has issued the attached Interagency Statement about potential temporary balance sheet growth. It details the agencies' supervisory approach to any temporary balance sheet growth due to unusual market responses over the century date change period. This guidance urges banking organizations to develop contingency plans to address funding, liquidity, and other issues.

Copies

Copies of the Board's notices are available from our Corporate Services Department. To request copies to be sent via mail, please call (415) 974-2748. To request copies to be sent via fax, please call (415) 974-3333, and specify document number 4121. Board notices are also available via the Federal Reserve Bank of San Francisco's Internet site.

Additional Information

For additional information regarding these matters, please contact our Banking Supervision and Regulation Department, at (415) 974-2128.

FEDERAL RESERVE BANK OF SAN FRANCISCO

Attachments
(Note: Referenced attachments are not available electronically.)