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Credit Risk Management
Credit risk arises from the potential that a borrower or counterparty will fail to perform on an obligation. For most banks, loans are the largest and most obvious source of credit risk. However, there are other sources of credit risk both on and off the balance sheet. Off-balance sheet items include letters of credit unfunded loan commitments, and lines of credit. Other products, activities, and services that expose a bank to credit risk are credit derivatives, foreign exchange, and cash management services.
Policy Letters
Agricultural Credit
SR 11-14
Supervisory Expectations for Risk Management of Agricultural Credit Risk
SR 93-26 (IB)
Applicability of the Interagency Policy Statement on Documentation of Loans to Small and Medium-sized Businesses and Farms to the Activities of U.S. Branches and Agencies of Foreign Banks
Counterparty Credit Risk
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
SR 13-3
Interagency Guidance on Leveraged Lending
SR 11-10
Interagency Counterparty Credit Risk Management Guidance
SR 99-3 (SUP)
Supervisory Guidance Regarding Counterparty Credit Risk Management
Country Risk / ICERC
SR 08-12
Revisions to the Guide to the Interagency Country Exposure Review Committee (ICERC) Process
SR 02-5
Interagency Guidance on Country Risk Management
General Credit-Related and Examination Activities
SR 23-10
Status of Certain Investment Funds and their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations
SR 20-14 / CA 20-8
Interagency Lending Principles for Making Responsible Small-Dollar Loans
SR 20-13
Interagency Guidance on Credit Risk Review Systems
SR 20-10
Small Business Administration (SBA) and Treasury Small Business Loan Programs
SR 20-8
Joint Statement on Adjustment to the Calculation for Credit Concentration Ratios Used in the Supervisory Approach
SR 20-7 / CA 20-5
Joint Statement Encouraging Responsible Small-Dollar Lending in Response to COVID-19
SR 19-8
Frequently Asked Questions on the Current Expected Credit Losses Methodology (CECL)
SR 16-17
Supervisory Expectations for Risk Management of Reserve-Based Energy Lending Risk
SR 16-12
Interagency Guidance on the New Accounting Standard on Financial Instruments – Credit Losses
SR 14-4
Examiner Loan Sampling Requirements for State Member Bank and Credit Extending Nonbank Subsidiaries of Bank Holding Companies in the Regional Banking Organization Supervisory Portfolio
SR 13-5
Revisions to the Required Data Fields for the Interagency Loan Data Request
SR 11-15
Disposal of Problem Assets through Exchanges
SR 10-2
Interagency Statement on Meeting the Needs of Creditworthy Small Business Borrowers
SR 05-3
Interagency Guidance on Overdraft Protection Programs
SR 04-12
Supervision of State-Chartered Banks
SR 99-25 (SUP)
Minimum Documentation Standards for Loan Line Sheets
SR 99-24 (SUP)
Loan Write-Up Standards for Assets Criticized During Examinations
SR 96-38 (SUP)
Uniform Financial Institutions Rating System
SR 93-26 (IB)
Applicability of the Interagency Policy Statement on Documentation of Loans to Small and Medium-sized Businesses and Farms to the Activities of U.S. Branches and Agencies of Foreign Banks
SR 92-39
Notification to State Member Banks on Federal Reserve Confirmations of Charge-offs Declared for Tax Purposes
Retail Credits
SR 19-2
Voluntary Private Education Loan Rehabilitation Programs
SR 15-2 / CA 15-1
Guidance on Private Student Loans with Graduated Repayment Terms at Origination
SR 14-5 / CA 14-4
Interagency Guidance on Home Equity Lines of Credit Nearing Their End-of-Draw Periods
SR 13-20 / CA 13-23
Interagency Statement on Supervisory Approach for Qualified and Non-Qualified Mortgage Loans
SR 10-2
Interagency Statement on Meeting the Needs of Creditworthy Small Business Borrowers
SR 03-1
Account Management and Loss Allowance Methodology for Credit Card Lending
SR 00-8 (SUP)
Revised Uniform Retail Credit Classification and Account Management Policy
SR 95-27 (SUP)
Interagency Statement on Appraisals for Affordable Housing Loans
Risk Management and Underwriting
SR 20-18 / CA 20-13
Joint Statement on Additional Loan Accommodations Related to COVID-19
SR 20-17 / CA 20-12
Federal Financial Institutions Examination Council Issues Joint Statement on Managing the LIBOR Transition
SR 15-2 / CA 15-1
Guidance on Private Student Loans with Graduated Repayment Terms at Origination
SR 14-5 / CA 14-4
Interagency Guidance on Home Equity Lines of Credit Nearing Their End-of-Draw Periods
SR 13-18
Uniform Agreement on the Classification and Appraisal of Securities Held by Depository Institutions
SR 13-17
Interagency Supervisory Guidance Addressing Certain Issues Related to Troubled Debt Restructurings
SR 13-3
Interagency Guidance on Leveraged Lending
SR 12-11 / CA 12-10
Guidance on a Lender’s Decision to Discontinue Foreclosure Proceedings
SR 07-5
Interagency Statement on Sound Practices Concerning Elevated Risk Complex Structured Finance Activities
SR 05-11
Interagency Credit Risk Management Guidance for Home Equity Lending
SR 04-1
Interagency Policy on Banks/Thrifts Providing Financial Support to Funds Advised by the Banking Organization
SR 03-22
Framework for Assessing Consumer Compliance Risk at Bank Holding Companies
SR 03-15
Interagency Advisory on the Use of the Federal Reserve's Primary Credit Program in Effective Liquidity Management
SR 03-4
Risk Management and Valuation of Mortgage Servicing Assets Arising from Mortgage Banking Activities
SR 02-10
Derivative Contracts Hedging Trust Preferred Stock
SR 01-12 (SUP)
Interagency Guidance on Loans Held for Sale
SR 98-25 (SUP)
Sound Credit Risk Management and the Use of Internal Credit Risk Ratings at Large Banking Organizations
SR 94-62 (FIS)
Shared National Credit Program - Interagency Agreement
Additional Resources
- Frequently Asked Questions on the New Accounting Standard on Financial Instruments--Credit Losses
- Shared National Credit Program
Manual References
- Bank Holding Company Supervision Manual
- Section 2010.2, "Supervision of Subsidiaries (Loan Administration and Lending Standards)"
- Section 2010.10, "Supervision of Subsidiaries (Internal Loan Review)"
- Section 2050.0, "Extensions of Credit to BHC Officials"
- Section 2122.0, "Internal Credit-Risk Ratings at Large Firms"
- Section 4090.0, "Country Risk"
- Commercial Bank Examination Manual
- Section 2010.1, "Loan Portfolio Management"
- Section 2025.1, "Counterparty Credit-Risk Management"
- Section 2045.1, "Loan Participations-the Agreements and Participants"
- Section 2080.1, "Commercial and Industrial Loans"
- Section 2110.1, "Floor-Plan Loans"
- Section 2115.1, "Leveraged Lending"
- Section 2120.1, "Direct Financing Leases"
- Section 2130.1, "Consumer Credit"
- Section 2140.1, "Agricultural Loans"
- Section 2142.1, "Agricultural Credit-Risk Management"
- Section 2400.1, "Other Real Estate Owned"
Related Topics
- Allowance for Loan and Lease Losses (ALLL)
- Capital Adequacy
- Real Estate
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Last Update: August 02, 2024