Expanded Examination Cycle for Small Banks

Title: Expanded Examination Cycle for Certain Small Insured Depository Institutions and U.S. Branches and Agencies of Foreign Banks
Subject: Exam cycle
Agency: Federal Reserve, FDIC, OCC
Status: Final rule
Summary: The interim final rules and final rules implement section 210 of the Economic Growth, Regulatory Reform and Consumer Protection Act (EGRRCPA, S. 2155), which amended section 10(d) of the Federal Deposit Insurance Act (FDI Act) to permit the agencies to examine qualifying insured depository institutions (IDIs) with under $3 billion in total assets not less than once during each 18-month period. In addition, these final rules adopt as final the parallel changes to the agencies’ regulations governing the on-site examination cycle for U.S. branches and agencies of foreign banks, consistent with the International Banking Act of 1978 (IBA).
FR Doc: 2018-28267
Date proposed: August 29, 2018
Comments due date:
Final rule
effective date:
January 28, 2019
compliance date:
Agency release: Joint agencies notice
Related Reg Report
Rules allowing 18-month exam cycles for banks under $3 billion are final