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Extended Examination Cycle For U.S. Branches and Agencies of Foreign Banks

banking-occ · OCC · Rule · Published 1999-10-22 · Effective 1999-10-22 · 64 FR 56949

Document

Document number
99-27624
Federal Register citation
64 FR 56949
CFR reference
12 CFR 4
Type
Rule
Action
Joint final rule.
Category
banking-occ
Sub-agency
OCC
Publication date
1999-10-22
Effective date
1999-10-22
Treasury docket
Docket No. 99-13

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 adopting as a joint final rule their joint interim rule implementing section 2214 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). Section 2214 of EGRPRA authorizes the Agencies to extend the examination cycle for certain United States branches and agencies of foreign banks. This joint final rule makes United States branches and agencies of foreign banks with total assets of $250 million or less eligible for an 18-month examination cycle if they meet certain qualifying criteria.

Source

Authoritative
Federal Register document
Machine
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