September 2025Transmittal 535
Effective: 9/1/2025
The Board is sunsetting
its novel activities supervision program and will return to monitoring
banks’ novel activities through the normal supervisory process.
Since the Board started its program to supervise certain crypto
and fintech activities in banks, the Board has strengthened its understanding
of those activities, related risks, and bank risk-management practices.
More...
As a result, the
Board is integrating that knowledge and the supervision of those activities
back into the standard supervisory process and is rescinding its 2023
supervisory letter creating the program. For more information, see
the press release and related information on the Board’s website: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250815a.htm.There
were no changes last month affecting material in the Federal Reserve
Regulatory Service.