Guidance on Credit Card Lending
July 25, 2002
Circular No. 11456

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.