Joint Release
Federal Reserve Board of Governors
Federal Deposit Insurance Corporation
Office of the Comptroller of the
Currency
For immediate release December 21, 2018
Media Contacts:
Federal Reserve Eric Kollig 202-452-2955
FDIC Julianne Breitbeil 202-898-6895
OCC Bryan Hubbard 202-649-6870
FDIC: PR-103-2018
Last Updated 12/21/2018 communications@fdic.gov
Agencies Issue Final Rules Expanding Examination Cycles for Qualifying Small
Banks and U.S. Branches and Agencies of Foreign Banks
WASHINGTON— The Federal banking agencies today issued final rules that adopt
without change the interim final rules issued in August that expanded the number of
insured depository institutions and U.S. branches and agencies of foreign banks eligible
for an 18-month on-site examination cycle, rather than a 12-month cycle.
As authorized by the Economic Growth, Regulatory Relief, and Consumer Protection
Act, the final rules generally allow qualifying insured depository institutions with less
than $3 billion in total assets to benefit from an extended 18-month on-site examination
cycle.
The final rules also adopt without change the interim final rules' parallel changes for the
on-site examination cycle of U.S. branches and agencies of foreign banks.
# # #
Attachment:
Final Rule: Expanded Exam Cycle for Certain Small Insured Depository
Institutions and U.S. Branches and Agencies of Foreign Banks
Federal Reserve Board of Governors
Federal Deposit Insurance Corporation
Office of the Comptroller of the
Currency
For immediate release December 21, 2018
Media Contacts:
Federal Reserve Eric Kollig 202-452-2955
FDIC Julianne Breitbeil 202-898-6895
OCC Bryan Hubbard 202-649-6870
FDIC: PR-103-2018
Last Updated 12/21/2018 communications@fdic.gov
Agencies Issue Final Rules Expanding Examination Cycles for Qualifying Small
Banks and U.S. Branches and Agencies of Foreign Banks
WASHINGTON— The Federal banking agencies today issued final rules that adopt
without change the interim final rules issued in August that expanded the number of
insured depository institutions and U.S. branches and agencies of foreign banks eligible
for an 18-month on-site examination cycle, rather than a 12-month cycle.
As authorized by the Economic Growth, Regulatory Relief, and Consumer Protection
Act, the final rules generally allow qualifying insured depository institutions with less
than $3 billion in total assets to benefit from an extended 18-month on-site examination
cycle.
The final rules also adopt without change the interim final rules' parallel changes for the
on-site examination cycle of U.S. branches and agencies of foreign banks.
# # #
Attachment:
Final Rule: Expanded Exam Cycle for Certain Small Insured Depository
Institutions and U.S. Branches and Agencies of Foreign Banks