Loan Coverage Requirements for Safety and Soundness Examinations of Community Banks

Author(s): Federal Reserve Bank of San Francisco

On July 22, 2014, the Board of Governors of the Federal Reserve System released SR letter 14-7, Loan Coverage Requirements for Safety and Soundness Examinations of Community Banks. This letter applies to community state member banks with $10 billion or less in total consolidated assets that are supervised by the Federal Reserve.