On December 21, 2011, the Board of Governors of the Federal Reserve System issued SR 11-15 (Disposal of Problem Assets through Exchanges). This letter applies to all state member banks, bank holding companies and their nonbank subsidiaries, and savings and loan holding companies that engage in asset exchange transactions, including those with $10 billion or less in consolidated assets.
Author: Federal Reserve Bank of San Francisco
Date of Publication: Janaury 18, 2012
Last Updated: January 18, 2012