Supervision & Regulation Letters (SR Letters)
Supervision and Regulation Letters, commonly known as SR Letters, address significant policy and procedural matters related to the Federal Reserve System’s supervisory responsibilities. This page provides links to public SR Letters issued since 2015.
If you have any questions regarding the content of the letters, please contact your dedicated central point of contact or Supervision + Credit liaison at the Federal Reserve Bank of San Francisco.
2022
SR 22-11, Status of Certain Investment Funds and their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations
December 22, 2022
SR 22-10, Inactive Supervisory Guidance
December 19, 2022
SR 22-9, FedEZFile and FedEZFile Fluent to be Released for Filing Applications with the Federal Reserve
October 6, 2022
SR 22-8, Framework for the Supervision of Insurance Organizations
September 28, 2022
SR 22-7, Policy Statement on Whistleblower Claims
September 8, 2022
SR 22-6, Engagement in Crypto-Asset-Related Activities by Federal Reserve-Supervised Banking Organizations
August 16, 2022
SR 22-5, Joint Statement on the Risk-Based Approach to Assessing Customer Relationships and Conducting Customer Due Diligence
July 6, 2022
SR 22-4, Contact Information in Relation to Computer-Security Incident Notification Requirements
March 29, 2022
SR 22-3, Federal Financial Institutions Examination Council Issues Statement on Principles of Examination Information Requests
January 21, 2022
SR 22-2, Status of Covered Savings Associations and Holding Companies of Covered Savings Associations Under Statutes and Regulations Administered by the Federal Reserve
January 13, 2022
2021
SR 21-21, Interagency Statement on the Community Bank Leverage Ratio Framework
December 21, 2021
SR 21-20, Status of Certain Investment Funds and their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations
December 17, 2021
SR 21-19, The Federal Reserve Reminds Firms of Safe and Sound Practices for Counterparty Credit Risk Management in Light of the Archegos Capital Management Default
December 10, 2021
SR 21-18, Release of New and Updated Sections of the Federal Financial Institutions Examination Council’s Bank Secrecy Act/Anti-Money Laundering Examination Manual
December 1, 2021
SR 21-12, Answers to Frequently Asked Questions on the Transition Away from London Interbank Offered Rate (LIBOR)
Revised November 19, 2021
SR 21-17, Interagency Statement on Managing the LIBOR Transition
October 20, 2021
SR 21-16, Community Bank Access to Innovation through Partnerships
September 9, 2021
SR 21-15, Guide for Community Banking Organizations Conducting Due Diligence on Financial Technology Companies
August 27, 2021
SR 21-14, Authentication and Access to Financial Institution Services and Systems
August 11, 2021
SR 21-13, Revised Special Post-Employment Restriction for Senior Examiners and Work Paper Reviews for Departing Examiners
July 29, 2021
SR 21-11, FFIEC Architecture, Infrastructure, and Operations Examination Handbook
June 30, 2021
SR 21-10, Interagency Statement on the Issuance of the Anti-Money Laundering/Countering the Financing of Terrorism National Priorities
June 30, 2021
SR 21-9, Release of Updated Sections of the Federal Financial Institutions Examination Council’s Bank Secrecy Act/Anti-Money Laundering Examination Manual
June 22, 2021
SR 21-8, Interagency Statement on Model Risk Management for Bank Systems Supporting Bank Secrecy Act/Anti-Money Laundering Compliance
April 9, 2021
SR 20-30, Financial Institutions Subject to the LISCC Supervisory Program
Revised March 31, 2021
SR 21-7, Assessing Supervised Institutions’ Plans to Transition Away from the Use of LIBOR
March 9, 2021
SR 21-6, Highlighting the Federal Reserve System’s Partnership for Progress Program for Minority Depository Institutions
March 5, 2021
SR 21-5, Release of Updated Sections of the FFIEC’s Bank Secrecy Act/Anti-Money Laundering Examination Manual
February 26, 2021
SR 21-4, Inactive or Revised SR Letters Related to the Federal Reserve’s Supervisory Expectations for a Firm’s Board of Directors
February 26, 2021
SR 21-3, Supervisory Guidance on Board of Directors’ Effectiveness
February 26, 2021
SR 95-51, Rating the Adequacy of Risk Management Processes and Internal Controls at State Member Banks and Bank Holding Companies
Revised February 26, 2021
SR 16-14, Relying on the Work of the Regulators of the Subsidiary Insured Depository Institution(s) of Bank Holding Companies and Savings and Loan Holding Companies with Total Consolidated Assets of Less than $100 Billion
Revised February 17, 2021
SR 16-11, Supervisory Guidance for Assessing Risk Management at Supervised Institutions with Total Consolidated Assets Less than $100 Billion
Revised February 17, 2021
SR 21-2, Answers to Frequently Asked Questions Regarding Suspicious Activity Reporting and Other Anti-Money Laundering Considerations
January 19, 2021
2020
SR 20-31, Status of Certain Investment Funds and Their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations
December 22, 2020
SR 20-29, Treatment of Certain Legacy Swaps Affected by Brexit and the Swap Margin Rule
December 11, 2020
SR 20-28, Internal Appeals Process for Material Supervisory Determinations and Policy Statement Regarding the Ombudsman for the Federal Reserve System
December 4, 2020
SR 20-27, Interagency Statement on LIBOR Transition
November 30, 2020
SR 20-26, Joint Fact Sheet on Bank Secrecy Act Due Diligence Requirements for Charities and Non-profit Organizations
November 19, 2020
SR 20-25, Interagency Statement – Reference Rates for Loans
November 6, 2020
SR 20-24, Interagency Paper on Sound Practices to Strengthen Operational Resilience
November 2, 2020
SR 20-23, Interagency Order Granting an Exemption from Customer Identification Program Requirements for Loans Extended by Banks and Their Subsidiaries to All Customers to Facilitate Purchases of Property and Casualty Insurance Policies
October 9, 2020
SR 20-22, ISDA IBOR Fallback Protocol and IBOR Fallback Supplement
October 9, 2020
SR 20-21, Joint Statement on Bank Secrecy Act Due Diligence Requirements for Customers Who May Be Considered Politically Exposed Persons
August 21, 2020
SR 20-20, Updated Fingerprinting Process Related to Applications Reviewed by the Federal Reserve
August 14, 2020
SR 20-19, Joint Statement on Enforcement of Bank Secrecy Act/Anti-Money Laundering Requirements
August 13, 2020
Attachment B to SR 20-2, Frequently Asked Questions on the Tailoring Final Rules
August 11, 2020
SR 20-18, Joint Statement on Additional Loan Accommodations Related to COVID-19
August 3, 2020
Addendum to SR 09-4, Applying Supervisory Guidance and Regulations on the Payment of Dividends, Stock Redemptions, and Stock Repurchases at Bank Holding Companies
July 24, 2020
SR 20-17, Federal Financial Institutions Examination Council Issues Joint Statement on Managing the LIBOR Transition
July 24, 2020
SR 20-16, Supervision of De Novo State Member Banks
June 24, 2020
SR 20-15, Interagency Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Institutions
June 23, 2020
SR 20-14, Interagency Lending Principles for Making Responsible Small-Dollar Loans
May 20, 2020
SR 20-13, Interagency Guidance on Credit Risk Review Systems
May 8, 2020
SR 20-12, Interagency Policy Statement on Allowance for Credit Losses
May 8, 2020
SR 20-11, Release of Updated Sections of the Federal Financial Institutions Examination Council’s Bank Secrecy Act/Anti-Money Laundering Examination Manual
April 15, 2020
SR 20-10, Small Business Administration (SBA) and Treasury Small Business Loan Programs
April 6, 2020
SR 20-9, Joint Statement on Interaction of the Regulatory Capital Rule: Revised Transition of the CECL Methodology for Allowances with Section 4014 of the Coronavirus Aid, Relief, and Economic Security Act
March 31, 2020
SR 20-8, Joint Statement on Adjustment to the Calculation for Credit Concentration Ratios Used in the Supervisory Approach
March 30, 2020
SR 20-7, Joint Statement Encouraging Responsible Small-Dollar Lending in Response to COVID-19
March 30, 2020
SR 20-6, Identification of Essential Critical Infrastructure Workers in the Financial Services Sector During the COVID-19 Response
March 27, 2020
SR 20-5, Questions and Answers (Q&As) on Statement Regarding the Use of Capital and Liquidity Buffers
March 19, 2020
SR 20-4, Supervisory Practices Regarding Financial Institutions Affected by Coronavirus
March 13, 2020
SR 20-3, Interagency Statement on Pandemic Planning
March 10, 2020
SR 20-2, Frequently Asked Questions on the Tailoring Rules
January 13, 2020
2019
SR 19-16, Status of Certain Investment Funds and Their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations
December 27, 2019
SR 19-15, Revised Examination Guidelines for Representative Offices of Foreign Banks
December 12, 2019
SR 19-14, Statement on Providing Financial Services to Customers Engaged in Hemp-Related Businesses
December 3, 2019
SR 19-13, FFIEC Information Technology Examination Handbook
November 15, 2019
SR 19-12, Statement Regarding Insurance Policies for Directors and Officers
July 23, 2019
SR 19-11, Joint Statement on Risk-Focused Bank Secrecy Act/Anti-Money Laundering Supervision
July 22, 2019
SR 19-10, Final Rule Revising the Board’s Delegation Rules for Certain Types of Applications, Notices, and Requests
July 3, 2019
SR 19-9, Bank Exams Tailored to Risk (BETR)
June 3, 2019
SR 19-8, Frequently Asked Questions on the Current Expected Credit Losses Methodology (CECL)
April 3, 2019
SR 19-7, Statement on the Implications of the New Lease Accounting Standard on Regulation H
March 21, 2019
SR 19-6, Federal Financial Institutions Examination Council Policy Statement on the Principles for Completing the Report of Examination
March 11, 2019
SR 19-5, Communication Expectations for Community Bank Examinations and Inspections
March 7, 2019
SR 19-4, Supervisory Rating System for Holding Companies with Total Consolidated Assets Less Than $100 Billion
February 26, 2019
SR 19-3, Large Financial Institution (LFI) Rating System
February 26, 2019
SR 19-2, Voluntary Private Education Loan Rehabilitation Programs
February 4, 2019
2018
SR 18-10, Joint Statement on Innovative Efforts to Combat Money Laundering and Terrorist Financing
December 3, 2018
SR 18-9, Frequently Asked Questions on the Appraisal Regulations and the Interagency Appraisal and Evaluation Guidelines
October 16, 2018
SR 18-8, Interagency Statement on Sharing Bank Secrecy Act Resources
October 3, 2018
SR 18-7, Updates to the Expanded Examination Cycle for Certain State Member Banks and U.S. Branches and Agencies of Foreign Banking Organizations
October 1, 2018
SR 18-6, Interagency Exemption Order from Customer Identification Program Requirements for Loans Extended by Banks and Their Subsidiaries to Commercial Customers to Facilitate Purchases of Property and Casualty Insurance Policies
September 28, 2018
SR 18-5, Interagency Statement Clarifying the Role of Supervisory Guidance
September 12, 2018
SR 18-4, Policy Statement on Interagency Notification of Formal Enforcement Actions
June 29, 2018
SR 18-3, Federal Financial Institutions Examination Council Examination Procedures on Customer Due Diligence and Beneficial Ownership Rule
May 11, 2018
SR 18-2, Interagency Statement on Accounting and Reporting Implications of the New Tax Law
January 18, 2018
2017
SR 17-14, Interagency Supervisory Examiner Guidance for Institutions Affected by a Major Disaster
December 15, 2017
SR 17-13, Elimination of the Strength of Support Assessment (SOSA) for all Foreign Banking Organizations subject to the Interagency Program for Supervising the U.S. Operations of Foreign Banking Organizations
December 7, 2017
SR 17-12, Timing Expectations for the Completion of Safety-and-Soundness Examination and Inspection Reports for Regional Banking Organizations
October 26, 2017
SR 17-11, Interagency Frequently Asked Questions on Implementation of the Liquidity Coverage Ratio (LCR) Rule
October 23, 2017
SR 17-10, Temporary Exceptions to the FIRREA Appraisal Requirements in Areas Affected by Severe Storms and Flooding Related to Hurricanes Harvey, Irma, and Maria
October 17, 2017
SR 17-9, Supervisory Guidance for Examining Compliance with the Qualified Thrift Lender Test
September 7, 2017
SR 17-8, Frequently Asked Questions on the Current Expected Credit Losses Methodology (CECL)
September 6, 2017
SR 17-7, Regulatory Capital Treatment of Certain Centrally-cleared Derivative Contracts under the Board’s Capital Rule
August 14, 2017
SR 17-6, Overview of the Federal Reserve’s Supervisory Education Programs
August 1, 2017
SR 17-5, Procedures for a Banking Entity to Request an Extension of the One-Year Seeding Period for a Covered Fund
July 24, 2017
SR 17-4, Interagency Advisory on the Availability of Appraisers
June 1, 2017
SR 17-3, Initial Examinations for Compliance with Minimum Variation Margin Requirements for Non-Cleared Swaps and Non-Cleared Security Based Swaps
February 22, 2017
SR 17-2, Updates to the Expanded Examination Cycle for Certain State Member Banks and U.S. Branches and Agencies of Foreign Banking Organizations
January 12, 2017
2016
SR 16-19, Frequently Asked Questions on the Current Expected Credit Losses Methodology (CECL)
December 19, 2016
SR 16-18, Procedures for a Banking Entity to Request an Extended Transition Period for Illiquid Funds
December 9, 2016
SR 16-17, Supervisory Expectations for Risk Management of Reserve-Based Energy Lending Risk
December 1, 2016
SR 16-16, Special Post-Employment Restriction for Senior Examiners
November 16, 2016
SR 16-15, Exception to Appraisal Regulation Requirements in Areas Affected by Flooding in Louisiana
October 28, 2016
SR 16-14, FFIEC Information Technology Examination Handbook – Information Security Booklet
September 19, 2016
SR 16-13, Imposition of Special Measures by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN)
July 29, 2016 (revised November 13, 2017)
SR 16-12, Interagency Guidance on the New Accounting Standard on Financial Instruments – Credit Losses
June 17, 2016
SR 16-11, Supervisory Guidance for Assessing Risk Management at Supervised Institutions with Total Consolidated Assets Less than $50 Billion
June 8, 2016
SR 16-9, Inactive Supervisory Guidance
April 21, 2016
SR 16-8, Off-site Review of Loan Files
April 19, 2016
SR 16-7, Interagency Guidance to Issuing Banks on Applying Customer Identification Program Requirements to Holders of Prepaid Access Cards
March 21, 2016
SR 16-5, Interagency Advisory on the Use of Evaluations in Real Estate-Related Financial Transactions
March 4, 2016
SR 16-4, Relying on the Work of the Regulators of the Subsidiary Insured Depository Institution(s) of Bank Holding Companies and Savings and Loan Holding Companies with Total Consolidated Assets of Less than $50 Billion
March 3, 2016
SR 16-3, Interagency Guidance on Funds Transfer Pricing Related to Funding and Contingent Liquidity Risks
March 1, 2016
SR 16-2, Interagency Advisory on External Audits of Internationally Active U.S. Financial Institutions
January 15, 2016
2015
SR 15-19, Federal Reserve Supervisory Assessment of Capital Planning and Positions for Large and Noncomplex Firms
December 18, 2015
SR 15-18, Federal Reserve Supervisory Assessment of Capital Planning and Positions for LISCC Firms and Large and Complex Firms
December 18, 2015
SR 15-17, Interagency Statement on Prudent Risk Management for Commercial Real Estate Lending
December 18, 2015
SR 15-16, Enhancements to the Federal Reserve System’s Surveillance Program
December 10, 2015
SR 15-15, Supervisory Concerns Related to Shareholder Protection Arrangements
December 3, 2015
SR 15-13, Supervisory Guidance on the Capital Treatment of Certain Investments in Covered Funds under the Regulatory Capital Rule and the Volcker Rule
November 6, 2015
SR 15-12, Spanish Translation of the 2014 Federal Financial Institutions Examination Council’s Bank Secrecy Act/Anti-Money Laundering Examination Manual
October 15, 2015
SR 15-11, Examinations of Insured Depository Institutions Prior to Membership or Merger into a State Member Bank
October 13, 2015
SR 15-10, Expansion of the Federal Reserve’s Emergency Communications System
October 13, 2015
SR 15-9, FFIEC Cybersecurity Assessment Tool for Chief Executive Officers and Boards of Directors
July 2, 2015
SR 15-8, Name Check Process for Domestic and International Applications
June 25, 2015
SR 15-7, Governance Structure of the Large Institution Supervision Coordinating Committee (LISCC) Supervisory Program
April 17, 2015
SR 15-6, Interagency Frequently Asked Questions (FAQs) on the Regulatory Capital Rule
April 6, 2015
SR 15-5, Guidance to Encourage Financial Institutions’ Youth Savings Programs and Address Related Frequently Asked Questions
February 24, 2015
SR 15-4, Tool for Calculating Capital Requirements Using the Simplified Supervisory Formula Approach
February 13, 2015
SR 15-2, Guidance on Private Student Loans with Graduated Repayment Terms at Origination
January 29, 2015