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�౦��Ϸ���� (�౦��Ϸ����) is pleased to announce the release of its new publication Supervisory Insights . The �౦��Ϸ���� believes that insured financial institution management and staff will find the journal of interest.

The journal provides a forum for discussing how bank regulation and policy are put into practice in the field, sharing best practices, and communicating about the emerging issues that bank supervisors are facing. Articles featured in the Summer 2004 issue of Supervisory Insights describe a number of areas of current supervisory focus at the �౦��Ϸ����, such as the industrial loan company (ILC) charter, which has received considerable attention as part of the ongoing debate about mixing banking and commerce, most recently in connection with widely anticipated forays into banking by large retail businesses; the evolution of the �౦��Ϸ����'s approach to consumer compliance examinations; and the results of an �౦��Ϸ���� pilot program in the Atlanta metropolitan area that attempted to "get behind the numbers" on bank commercial real estate lending and understand the potential portfolio risk. This issue also analyzes the results of the �౦��Ϸ����'s review of community banks that are the heaviest users of Federal Home Loan Bank advances and focuses on how these institutions are managing this product.

The new journal also includes regular features. This issue's "Accounting News" provides a detailed explanation of how to comply with recently issued guidance on accounting for purchased impaired loans. "From the Examiner's Desk" provides perspective on how certain provisions of the USA PATRIOT Act affect banks and examiners.

Supervisory Insights is available online by visiting the �౦��Ϸ����'s Web site at http://www.fdic.gov/regulations/examinations/index.html .

For your reference, �౦��Ϸ���� Financial Institution Letters may be accessed on the �౦��Ϸ����'s Web site at http://www.fdic.gov/news/financial-institution-letters/2004/index.html . To learn how to automatically receive �౦��Ϸ���� Financial Institution Letters through e-mail, please visit http://www.fdic.gov/about/subscriptions/index.html .

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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 Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).