SAN FRANCISCO — Federal bank and credit union regulators Wednesday issued an interagency statement guiding financial institutions on how to treat registered warrants from California.

The registered warrants — in essence IOUs issued by the state controller’s office because the state does not have enough cash to pay all its bills — should be treated as state general obligations from a risk-management standpoint, according to the interagency statement from the Federal Reserve Board of Governors, the Federal Deposit Insurance Corp., the National Credit Union Administration, the Office of Comptroller of the Currency, and the Office of Thrift Supervision.

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