This guidance applies to all banks and their subsidiaries, bank holding companies and their nonbank subsidiaries, savings associations and their subsidiaries, and savings and loan holding companies and their subsidiaries.
Unless the context indicates otherwise, references to correspondent include the correspondents holding company, subsidiaries, and affiliates. A correspondent relationship results when a financial organization provides another financial organization a variety of deposit, lending, or other services.
Source
Federal Reserve
Length of Resource
4 pages
Resource File
Date Published
Publication Type
article
Resource Type
commercial