Circular
Role of the Interagency Country Exposure Review Committee (ICERC)
December 2, 1999
Circular No. 11212

To the Chief Executive Officers of all State Member Banks, Bank Holding Companies, and Edge Corporations that file Country Exposure Reports, and of all U.S. Branches and Agencies of Foreign Banks, in the Second Federal Reserve District:

The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation have developed a document entitled "Guide to the Interagency Country Exposure Review Committee Process." The agencies developed the guide to clarify and make more transparent the role of the ICERC in the supervisory process.

A link to the guide is available as a PDF file.

Questions on this guide may be directed, at this Bank, to Albert Toss, Assistant Vice President, Financial Examinations Function.