Examination Cycle: Interim Final Rules on Expanded Examination Cycle

Changes for Certain Small Insured Depository Institutions and U.S. Branches and Agencies of Foreign Banks

FIL-45-2018

September 7, 2018

Financial Institution Letter

Examination Cycle

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

Summary:

The FDIC and the other federal financial institution regulatory agencies have jointly adopted interim final rules (IFRs) permitting insured depository institutions (IDIs) with up to $3 billion in total assets, and that meet certain other criteria, to qualify for an 18-month on-site examination cycle.  The implementation of these rules reduces regulatory burden on small, well-capitalized and well-managed institutions, while allowing the agencies to better focus supervisory resources on IDIs that may present supervisory concerns.

Statement of Applicability to Institutions with Total Assets Under $1 Billion:

This Financial Institution Letter applies to FDIC-supervised financial institutions with total assets up to $1 billion.

Suggested Distribution:

FDIC-Supervised Institutions (Commercial and Savings)

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