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Financial Institution Letter |
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Interagency Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on
Financial Institutions |
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Summary:
The FDIC, the Federal Reserve Board, the Office of the Comptroller of the Currency, and the National Credit Union Administration (federal financial regulatory agencies) in conjunction with the state bank and credit union regulators are jointly issuing examiner guidance (interagency examiner guidance) to outline the supervisory principles for assessing the safety and soundness of institutions given the ongoing impact of the COVID-19 pandemic. This is guidance for examiners, and no action on the part of supervised institutions is required.
Statement of Applicability to Institutions with Total Assets under $1 Billion:
This Financial Institution Letter (FIL) is relevant for all FDIC-supervised depository institutions, but the subject is examiner guidance.
Distribution:
All FDIC-Supervised Depository Institutions
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