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Summary:

On December 6, 2021, the �౦��Ϸ����’s new Office of Supervisory Appeals (Office) became fully operational and will begin to consider and decide appeals of material supervisory determinations.  The new Office will enhance the independence of the �౦��Ϸ����’s supervisory appeals process and further the �౦��Ϸ����’s goal of ensuring consistency and accountability in the examination process.

Highlights:

• On January 19, 2021, the �౦��Ϸ����’s Board of Directors approved new Guidelines for Appeals of Material Supervisory Determinations (Guidelines), including the establishment of an Office of Supervisory Appeals to consider and decide appeals.
• The �౦��Ϸ���� stated that a transition period would be necessary to staff the new Office and implement the new Guidelines.
• The Office is now staffed and ready to begin reviewing and deciding appeals of material supervisory determinations and replace the existing Supervision Appeals Review Committee.
• In addition, the Guidelines for Appeals of Material Supervisory Determinations previously approved by the Board of Directors take effect today.

Distribution:

�౦��Ϸ����-Supervised Institutions