The COVID Project
Context, not an orderThis record is guidance or an announcement kept for context. It is not counted among the orders in force.
The record
- Jurisdiction
- United States; Board of Governors of the Federal Reserve System (federal)
- Level
- Federal
- Authority
- 12 U.S.C. § 325; § 1820(d)
- Issued
- 2020-03-24 Mar. 24, 2020
- Effective
- 2020-03-24
- End
- 2020-06-15 (examination activities resumed, Ex. 021) (read as 2020-06-15)
- In force
- Mar. 24, 2020 to June 15, 2020
- Quarters
- 2020 Q2
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Telework mandateOther
- Addressees
- Federal Reserve-supervised institutions
- Functions reached
- OP examinations conducted off-site or deferred
- HR examination staffing
- Character
- context
- Collection
- Federal financial regulators AGY-FED-FINANCIAL
Operative words
To minimize disruption and to focus on outreach and monitoring, the Federal Reserve will temporarily reduce its examination activities, with the greatest reduction in activities occurring at the smallest banks.... The Federal Reserve will focus on monitoring and outreach to help financial institutions of all sizes understand the challenges and risks of the current environment.
Enforcement
Notes
The Board's suspension of on-site examination work; the counterpart of the closure of bank premises to visitors