Examination Cycle: Joint Interim Final Rules and Request for Comments on Expanded Examination Cycle for Certain Small Insured Depository Institutions and U.S. Branches and Agencies of Foreign Banks

Details

• Publisher's site:
  https://www.fdic.gov
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  The FDIC and the other federal financial institution regulatory agencies have jointly adopted interim final rules permitting insured depository institutions (IDIs) with up to $1 billion in total assets and that meet certain other criteria to qualify for an 18-month on-site examination cycle instead of a 12-month cycle. The implementation of these rules allows the agencies to better focus supervisory resources on IDIs that present capital, managerial or other issues of supervisory concern, while reducing regulatory burden on small, well-capitalized and well-managed institutions.
• Content Notes:
  Rescinds and replaces FIL-90-2007
• Subject:
  Risk Management Practices
• Dataset Download URL:
  https://www.fdic.gov/news/inactive-financial-institution-letters/2016/fil16017.pdf
• Format:
  PDF
• Release Date:
  03/04/2016
• Update Date:
  03/04/2016
• Withdrawn Date:
  Not Available
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC)
• Fdic Employee Involved:
  Karen Currie
• Law Involved:
  Fixing America's Surface Transportation (FAST) Act
• Related Regulation:
  12 CFR Parts 337, 347, and 390
• Comment Period End Date:
  04/29/2016
• Source:
  FDIC Website
• Memorandum To:
  FDIC-Supervised Banks (Commercial and Savings)
• FIL Number:
  FIL-17-2016
• Main Document Checksum:
  urn:sha256:0e7a339fc823211440166e3e501ca4b8e8170f31ec56d85a5f8a421eca829f0f
• Download URL:
  https://archive.fdic.gov/view/fdic/6897/fdic_6897_DS1.pdf
• File Type:
  [PDF - 122.88 KB ]