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FRS RIN: 7100-AF96 Publication ID: Spring 2021 
Title: ●Role of Supervisory Guidance (Docket No. R-1725) 
Abstract:

The Board is adopting a final rule that codifies the Interagency Statement Clarifying the Role of Supervisory Guidance, issued by the Board, Office of the Comptroller of the Currency, Treasury (OCC), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), and Bureau of Consumer Financial Protection (Bureau) (collectively, the agencies) on September 11, 2018 (2018 Statement). By codifying the 2018 Statement, with amendments, the final rule confirms that the Board will continue to follow and respect the limits of administrative law in carrying out its supervisory responsibilities.

 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 262   
Legal Authority: 5 U.S.C. 553    12 U.S.C. 1818   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Requested Comment  11/05/2020  85 FR 70512   
Board Adopted Final Rule  04/08/2021  86 FR 18173   
Final Rule Effective  05/10/2021 
Board Expects Further Action  06/00/2021 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Benjamin McDonough
Associate General Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-2036

Steve Bowne
Senior Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-3900

Anna Lee Hewko
Associate Director
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 530-6260

Richard Palmer
Senior Lead Financial Institution and Policy Analyst
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 475-2904
Email: richard.palmer@frb.gov

Dana Miller
Senior Counsel
Federal Reserve System
Division of Consumer and Community Affairs,
Washington, DC 20551
Phone:202 452-2751