Supervisory Staff Reports
From time to time, staff members of the Board and the Reserve Banks will undertake a study of a particular banking activity or an issue of importance to the banking industry for a better understanding of industry practices and potential supervisory and regulatory implications. The conclusions set forth in the reports are those of the authors and do not necessarily reflect the views of the Board of Governors or the Division of Banking Supervision and Regulation.
July 2005
A Comparison of the Insurance and Banking Regulatory Frameworks
for Identifying and Supervising Companies in Weakened Financial Condition
- Developed by the National Association of Insurance Commissioners
(NAIC)/Federal Reserve System (FRS) Joint Troubled Company Subgroup,
the paper describes and compares the state insurance and FRS banking
supervisory frameworks for identifying and supervising companies in
weakened financial condition. The paper was undertaken to foster effective
communication and coordination between the state insurance departments
and the FRS, consistent with the Gramm-Leach-Bliley Act.
- Complete report (499 KB PDF)
- February 2002
Continuity of Operations for the Financial Services Industry:
Discussion of Lessons Learned from Events of September 11
- Discussion note and meeting summary prepared by the staffs of the
Federal Reserve, the New York State Banking Department, the Office of
the Comptroller of the Currency, and the Securities and Exchange Commission.
On February 26, 2002, a cross section of representatives of the financial
services industry met at the Federal Reserve Bank of New York to discuss
ways to strengthen the capacity of the financial system to withstand
disasters. The agencies, which sponsored the event, circulated a discussion
note to the attendees in advance of the meeting as background information
and later prepared a summary of the meeting.
- Discussion note (34 KB PDF)
- Meeting summary (23 KB PDF)
- November 1998
Common Practices for Country Risk Management in U.S. Banks
- Prepared by the Interagency Country Exposure Review Committee, Country
Risk Management Sub-Group. Developed jointly by staff members of the
FDIC, the Federal Reserve, and the OCC, the study describes the wide
variety of approaches currently used by banks to measure, monitor, and
control the risk associated with their foreign exposures.
- SR Letter 98-33
- Complete report (125 KB PDF)
- November 1998
Credit Risk Rating at Large U.S. Banks
- Prepared by William F. Treacy, of the Board's Division of Banking
Supervision and Regulation, and Mark S. Carey, of the Board's Division
of Research and Statistics, and published in the Federal Reserve
Bulletin, November 1998. The article describes variations in the
design and use of rating systems at large banks and discusses the conceptual
and practical difficulties faced by banks in achieving accurate and
consistent ratings.
Complete article (71 KB
PDF)
- June 1998
The Significance of Recent Changes in Bank Lending Standards:
Evidence from the Loan Quality Assessment Project
- Prepared by William F. Treacy, of the Board's Division of Supervision
and Regulation, with contributions by Reserve Bank staff members John
Greco (New York), Kenneth Krynicki (Chicago), and John Robins (Cleveland).
The study assesses the extent and supervisory significance of the reported
easing of bank lending terms and standards between the second half of
1995 and the second half of 1997.
- SR Letter 98-18 (with link
to report)
- Complete report (153 KB PDF)
- May 1998
Credit Risk Models at Major U.S. Banking Institutions:
Current State of the Art and Implications for Assessments of Capital
Adequacy
- Prepared by the System Task Force on Internal Credit Risk Models.
The report describes current uses of internal models by major U.S. banking
organizations and outlines possible uses of the models for assessing
bank capital adequacy.
- Executive summary (49 KB PDF)
- Complete report (145 KB PDF)
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Last update: July 1, 2005
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