Circular
Final Rules Issued on Expanded Examination Cycle
September 21, 2007
Circular No. 11898

The federal bank and thrift agencies have issued final rules expanding the range of small institutions eligible for an extended 18-month on-site examination cycle. The final rules allow well-capitalized and well-managed banks and savings associations with up to $500 million in total assets and a composite CAMELS rating of 1 or 2 to qualify for an 18-month (rather than a 12-month) on-site examination cycle.

The final rules also make parallel changes to the agencies’ regulations governing the on-site examination cycle for U.S. branches and agencies of foreign banks consistent with the International Banking Act of 1978.

The final rules are effective upon publication in the Federal Register, which is expected shortly.

See the press release for full details.

Press release OFFSITE