Circular
Uniform Retail Credit Classification and Account Management Policy - Revision of February 1999 Policy
July 3, 2000
Circular No. 11256

To the Chief Executive Officers of All State Member Banks, Bank Holding Companies, Edge Corporations, and State-Licensed Branches and Agencies of Foreign Banks in the Second Federal Reserve District:

The Federal Financial Institutions Examination Council (FFIEC) has issued a revised Uniform Retail Credit Classification and Account Management Policy that supersedes the policy issued in February 1999 (see our Circular No. 11141).

The FFIEC's revised policy (pdf - 130kb), as published in the Federal Register of June 12 is available In addition, there is a copy of the Federal Reserve Board's supervisory letter - SR 00-8 - which clarifies the changes in the policy and provides guidance in complying with it.

Questions should be directed to a member of the Financial Examinations portfolio management team responsible for your organization.