United States:
Joint Interim Final Rule Published Relating To Expanded Examination Cycle Eligibility
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On March 24, 2016, the Office of the Comptroller of the
Currency (OCC), the Board of Governors of
the Federal Reserve System, and the
Federal Deposit Insurance Corporation
(FDIC) issued and are requesting public comment on
an interim final rule that will allow more community banks to be
eligible for the 18-month on-site examination cycle. The rule
expands eligibility to qualifying insured depository institutions
with less than $1 billion in total assets. Press Release. Interim Final Bill.
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