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The �౦��Ϸ���� Board of Directors has rescinded the �౦��Ϸ����'s policy statement "The Sale of U.S. Government Guaranteed Loans and Sale Premiums." A copy of the Federal Register notice is attached. 

The supervisory guidance in the policy statement is no longer needed due to the experience banks have developed in the years since the �౦��Ϸ���� issued the policy statement. The accounting guidance in the "Instructions for Preparing Consolidated Reports of Condition and Income" and the Financial Accounting Standards Board's "Statement Number 91" have made the policy statement's accounting guidance unnecessary. In addition, the Federal Financial Institutions Examination Council has rescinded its policy statement on this subject. 

For more information, please contact your Division of Supervision Regional Office.

Nicholas J. Ketcha Jr.
Director

Attachment: Federal Register, Vol. 62, No. 20, page 4532. (available on �౦��Ϸ���� home page -- www.fdic.gov) 

Distribution: �౦��Ϸ����-Supervised Banks (Commercial and Savings) 

Note: Paper copies of �౦��Ϸ���� financial institution letters may be obtained through the �౦��Ϸ����’s Public Information Center, 801 17th St., N.W., Room 100, Washington, D.C. 20434 ((703) 562-2200 or 800-276-6003).