FRB Notifies Institutions of Inactive Supervisory Letters

The Federal Reserve Board ("FRB") notified supervised institutions, including those with $10 billion or less in consolidated assets, that certain "Supervision and Regulation" and "Supervision and Regulation and Consumer Affairs" letters are now inactive.

The FRB said that in certain cases the letters (i) represented a point-in-time announcement, (ii) became outdated or (iii) were superseded by subsequent regulations or more comprehensive guidance. The FRB included a list of the inactive letters and an explanation for why each letter was no longer effective.