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Ex. AGY-FED-FINANCIAL-021 Context (guidance or announcement) Primary source read

Board announcement of June 15, 2020 resuming examination activities

Federal Reserve Board announces it will resume examination activities for all banks, after previously announcing a reduced focus on exam activity in light of the coronavirus response

Board of Governors of the Federal Reserve System · United States; Board of Governors of the Federal Reserve System (federal) (Federal)

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The COVID Project
Context, not an order

This 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
Issued
2020-06-15 June 15, 2020
Effective
2020-06-15
End
n/a (examinations resumed off-site) (read as 2020-09-30)
In force
June 15, 2020 to Sept. 30, 2020
Quarters
2020 Q22020 Q3
Limitation types
Telework mandateOther
Addressees
  • Federal Reserve-supervised institutions
Functions reached
  • OP examinations (resumed remotely)
  • HR
Character
context
Collection
Federal financial regulators AGY-FED-FINANCIAL

Operative words

The Federal Reserve Board on Monday announced that it will resume examination activities for all banks, after previously announcing a reduced focus on exam activity in light of the coronavirus response.... [banks have had time to] implement contingency operating plans and adapt their operations, so exam activity will resume.

Enforcement

Supervisory program

Notes

Marks the end of the March 24 examination pause and the Board's finding that banks had by then 'adapt[ed] their operations'

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.