OFFICE OF THE COMPTROLLER OF THE CURRENCY ISSUES RULE: EXPANDED EXAMINATION CYCLE FOR CERTAIN SMALL INSURED DEPOSITORY INSTITUTIONS AND U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS

WASHINGTON, Sept. 14 -- Office of the Comptroller of the Currency has issued a rule called: Expanded Examination Cycle for Certain Small Insured Depository Institutions and U.S. Branches and Agencies of Foreign Banks.

The rule was published in the Federal Register on Sept. 14 by Jonathan V. Gould, Comptroller of the Currency.

Summary: The OCC, Board, and FDIC (collectively, the Agencies) are jointly issuing and requesting public comment on an interim final rule to implement section 903 of the 21st Century ROAD to Housing Act. The interim final rule raises the asset threshold for certain supervised institutions with less than $6 billion in total assets to qualify for an 18-month on-site examination cycle. The interim final rule also makes ...