Joint Release
Federal Reserve Board of Governors
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
For immediate release August 23, 2018
Media Contacts:
Federal Reserve Darren Gersh (202) 452-2955
FDIC David Barr (202) 898-6992
OCC Bryan Hubbard (202) 649-6870
FDIC: PR-51-2018
Last Updated 8/23/2018 communications@fdic.gov
Agencies Issue Interim Final Rules Expanding Examination Cycles for Qualifying
Small Banks and U.S. Branches and Agencies of Foreign Banks
WASHINGTON—Federal banking agencies today issued interim final rules to expand
the number of insured depository institutions and U.S. branches and agencies of foreign
banks eligible for an 18-month on-site examination cycle.
As authorized by the Economic Growth, Regulatory Relief, and Consumer Protection
Act (EGRRCPA), the interim final rules generally would 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 rules also make parallel changes to the agencies' regulations governing the on-site
examination cycle for U.S. branches and agencies of foreign banks.
Prior to enactment of the EGRRCPA, only qualifying insured depository institutions and
U.S. branches and agencies of foreign banks with less than $1 billion in total assets
were eligible for an 18-month examination cycle.
Comments will be accepted for 60 days after the interim final rules' publication in
the Federal Register.
# # #
Attachment: Notice of Interim Final Rule: Expanded Examination 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 August 23, 2018
Media Contacts:
Federal Reserve Darren Gersh (202) 452-2955
FDIC David Barr (202) 898-6992
OCC Bryan Hubbard (202) 649-6870
FDIC: PR-51-2018
Last Updated 8/23/2018 communications@fdic.gov
Agencies Issue Interim Final Rules Expanding Examination Cycles for Qualifying
Small Banks and U.S. Branches and Agencies of Foreign Banks
WASHINGTON—Federal banking agencies today issued interim final rules to expand
the number of insured depository institutions and U.S. branches and agencies of foreign
banks eligible for an 18-month on-site examination cycle.
As authorized by the Economic Growth, Regulatory Relief, and Consumer Protection
Act (EGRRCPA), the interim final rules generally would 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 rules also make parallel changes to the agencies' regulations governing the on-site
examination cycle for U.S. branches and agencies of foreign banks.
Prior to enactment of the EGRRCPA, only qualifying insured depository institutions and
U.S. branches and agencies of foreign banks with less than $1 billion in total assets
were eligible for an 18-month examination cycle.
Comments will be accepted for 60 days after the interim final rules' publication in
the Federal Register.
# # #
Attachment: Notice of Interim Final Rule: Expanded Examination Cycle for Certain
Small Insured Depository Institutions and U.S. Branches and Agencies of Foreign
Banks