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To: Chief Executive Officers of all National Banks, Department and Division Heads, and all Examining Personnel

Description: Interagency Policy Statement

The guidance attached to this bulletin continues to apply to federal savings associations.

Attached for your information are a press release and an interagency statement clarifying the position of the Office of the Comptroller of the Currency and the other federal financial regulatory agencies on the use of appraisals for affordable housing loans.

For further information: contact the Office of the Chief National Bank Examiner, Credit and Management Policy Division, (202) 649-6670.

Jimmy F. Barton
Chief National Bank Examiner

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