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Expanded Examination Cycle for Certain Small Insured Institutions

Fed · final-rule · Published 1998-04-02 · Effective 1998-04-02 · 63 FR 16378

Document

Document number
98-8605
Federal Register citation
63 FR 16378
CFR reference
12 CFR 4
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Reserve System
Publication date
1998-04-02
Effective date
1998-04-02
Docket
Docket No. 97-02

Abstract

The Board of Governors of the Federal Reserve System (Board), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Office of Thrift Supervision (OTS) (collectively, the Agencies) are adopting as a final rule their joint interim rule implementing section 306 of the Riegle Community Development and Regulatory Improvement Act of 1994 (CDRI) and section 2221 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). Together, section 306 of CDRI and section 2221 of EGRPRA authorize the Agencies to increase the asset size of certain financial institutions that may be examined once in every 18-month period, rather than once in every 12-month period, from $100 million to a revised limit of $250 million. This final rule makes certain institutions that have $250 million or less in assets eligible for the 18-month examination schedule.

Source

Authoritative
Federal Register document
Machine
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