Comments Requested on Expanded Examination Cycle for Certain Institutions - Circulars

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Circular

Comments Requested on Expanded Examination Cycle for Certain Institutions

April 3, 2007

Circular No. 11852

The federal bank and thrift agencies have requested public comment on proposed interim rules expanding the range of small institutions eligible for an extended 18-month on-site examination cycle. The proposed interim 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 proposed interim rules also revise the provisions governing the on-site examination cycle for the U.S. branches and agencies of foreign banks.

Comments on the interim rules are requested within 30 days of publication in the Federal Register.

See the attached press release for full details.

Press release offsite

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