[October 29, 1997 (Volume 62, Number 209)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 58411]
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Completed Actions
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4304. EXPANDED EXAMINATION CYCLE FOR CERTAIN SMALL FINANCIAL
INSTITUTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1820
CFR Citation: 12 CFR 337
Legal Deadline: None
Abstract: This regulatory action, which is jointly sponsored by the
FRS, the OTS, the OCC, and the FDIC, increases the size limitation of
2-rated institutions eligible to be examined on an expanded, 18-month
cycle. The purpose of this action is to permit the banking agencies to
focus their resources on the segment of the banking and thrift industry
that pose the greater immediate supervisory risk, while reducing the
regulatory burden on smaller, well-run institutions.
Timetable:
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Action Date FR Cite
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Interim Final Rule 02/12/97 62 FR 6449
Interim Final Rule Effective 02/12/97
Comment Period End 04/14/97
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Robert W. Walsh, Manager, Policy and Program
Development, Division of Supervision, Federal Deposit Insurance
Corporation
Phone: 202 898-6911
RIN: 3064-AB90
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