Can anyone offer any guidance on Regulation F and who is required to have a policy for this?

From the Compliance Guide to Reg F:

"Regulation F establishes a general limit for overnight credit exposure to an individual correspondent stated in terms of the exposed bank's capital. The regulation requires banks, savings associations, and branches of foreign banks with deposits insured by the Federal Deposit Insurance Corporation (FDIC) to develop and implement internal prudential policies and procedures for evaluating and controlling exposure to the depository institutions with which they do business."

We have a board-approved policy and break up our overnight Fed Funds Sold to several corresponsdent banks to limit the exposure to any one institution.

We have a policy and limits Also qterly review the performance (using UBPR) of our correspondant banks. Also believe this is one of the few regs that require annual policy review by Board.

We also do the quarterly monitoring.

Annually approved Board policy and quarterly monitoring here too.

Same as above.......

We do too, and also submit a quarterly report to BOD showing correspondent bank ratios.

Does anyone have review procedures they would be willing to share? Thank you!

The Federal Financial Regulatory Agencies issued Correspondence Concentration Risks on April 30th per FDIC's FIL-18-2010.