Agencies Seek Comment on Expanded Examination Cycle for Certain Institutions

GuidanceFederal Deposit Insurance Corporation (FDIC)
Federal Reserve Board (FRB)
Office of the Comptroller of the Currency (OCC)
Office of Thrift Supervision (OTS)General Information

The federal bank and thrift agencies on Tuesday requested public comment on proposed interim rules expanding the range of small institutions eligible for an extended 18-month on-site examination cycle. The proposed interim rules allow well-capitalized and well-managed banks and savings associations with up to $500 million in total assets and a composite CAMELS rating of 1 or 2 to qualify for an 18-month (rather than a 12-month) on-site examination cycle.

Until recently, only institutions with less than $250 million in total assets could qualify for an extended 18-month on-site examination cycle. The proposed interim rules also revise the provisions governing the on-site examination cycle for the U.S. branches and agencies of foreign banks.

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