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banking-occ · OCC · Rule · Published 1998-08-28 · Effective 1998-08-28 · 63 FR 46118

Document

Document number
98-23077
Federal Register citation
63 FR 46118
CFR reference
12 CFR 4
Type
Rule
Action
Interim rule with request for comment.
Category
banking-occ
Sub-agency
OCC
Publication date
1998-08-28
Effective date
1998-08-28
Treasury docket
Docket No. 98-11

Abstract

The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) (collectively, the Agencies) are issuing this joint interim rule with request for comment to implement the provisions related to an extended examination cycle for U.S. branches and agencies of foreign banks set out in section 2214 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). United States branches and agencies of foreign banks with total assets of $250 million or less are eligible to be considered for the 18-month examination cycle if they meet the qualifying criteria set out in this interim rule. The interim rule reduces the regulatory burden associated with more frequent on-site examinations for certain small U.S. branches and agencies of foreign banks.

Source

Authoritative
Federal Register document
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