There is not a CFR cite for that. It is an Interagency Policy Statement. The FDIC version is here:
www.fdic.gov/regulations/laws/rules/5000-4500.htmlThe policy statement was followed by a Joint Interpetation of the Policy Statement. Again, the FDIC version is here:
www.fdic.gov/regulations/laws/rules/5000-4600.htmlWhile these are located on the FDIC website, the language is applicable to all of the banking regulatory agencies (OCC, FRB, OTS, and FDIC).
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Jim Bedsole, CRCM, CBA, CFSA, CAFP
My posts - my opinions