Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Since 1933, no depositor has lost a penny of FDIC-insured funds

Financial Institution Letters

FIL-55-2020
May 8, 2020

Interagency Guidance on Credit Risk Review Systems

Printable Format:

FIL-55-2020 - PDF (PDF Help)

Summary:

The FDIC, the Federal Reserve Board, the Office of the Comptroller of the Currency, and the National Credit Union Administration have jointly issued the final Interagency Guidance on Credit Risk Review Systems (interagency guidance). The interagency guidance replaces the guidance in Attachment 1 – Loan Review Systems, which is part of the December 2006 Interagency Policy Statement on the Allowance for Loan and Lease Losses. Additionally, the interagency guidance aligns with the Interagency Guidelines Establishing Standards for Safety and Soundness.1

Statement of Applicability to Institutions with Total Assets Under $1 Billion: This Financial Institution Letter (FIL) applies to all FDIC-supervised depository institutions.

Highlights:

Distribution:

Suggested Routing:

Related Topics:

Attachment:

Contact:

Notes:

1 Interagency Guidelines Establishing Standards for Safety and Soundness, Appendix A to Part 364 of the FDIC’s Rules and Regulations.

Skip Footer back to content