To All Depository Institutions and Others Concerned in the Second Federal Reserve District:
In a press release, the Federal Reserve Board, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and Office of Thrift Supervision announce the issuance of a draft of an account management and loss allowance guidance for credit card lending. A copy of the guidance is attached.
Questions on this matter may be directed, at this Bank, to Una Neary, Assistant Vice President, Credit Risk Management.