FDIC Federal Register Citations

[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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