Transparency & Accountability - Bank Examinations
Through regular on-site examinations and contact with state nonmember institutions, FDIC staff regularly talk with banks to ensure that their policies to manage credit risk, liquidity risk, and interest-rate risk are effective. Where appropriate, FDIC staff work with institutions that have significant exposure to these risks and encourage them to take appropriate risk-mitigating steps. Learn more about the policies and guidelines used to examine banks, examination performance metrics, and resources for examiners and bankers.
For further questions about examination policies and processes, please contact Supervision@fdic.gov.
| Total | |
|---|---|
| Median Days | 51 |
| Goal | 75 |
| Percent Meeting Goal | 88.90% |
*Independent and Concurrent Exams
Exam turnaround reflects the time from when the field work starts to when the report of examination is sent to the bank.
| Total | |
|---|---|
| Median Days | 39 |
| Goal | 120 |
| Percent Meeting Goal | 97.80% |
**Compliance/Community Reinvestment Act and Compliance-Only Exams
Exam turnaround reflects the time from when the field work starts to when the report of examination is sent to the bank (or Consumer Financial Protection Bureau/State Bank Department).
| Favorably Rated |
Unfavorably Rated |
Total | |
|---|---|---|---|
| Median Days | 20 | 30 | 20 |
| Goal | 45 | 45 | 45 |
| Percent Meeting Goal | 94.80% | 78.90% | 94.20% |
*Independent and Concurrent Exams
Processing times reflect the period of time from when the field work is complete to when the report of examination is sent to the bank. Favorably rated banks have a Composite rating of 1 or 2. Unfavorably rated banks have a Composite rating of 3, 4, or 5.
| < $1 Billion | ≥ $1 Billion | CFPB Supervised |
|
|---|---|---|---|
| Median Days | 10 | 13 | 7 |
| Goal | 21 | 28 | 14 |
| Percent Meeting Goal | 90.20% | 89.40% | 85.70% |
**Compliance/Community Reinvestment Act and Compliance-Only Exams
Processing times reflect the period of time from when the field work is complete to when the report of examination is sent to the bank (or Consumer Financial Protection Bureau (CFPB)/State Bank Department). Processing times for CFPB-supervised institutions reflect the time from when the CFPB returns their comments to the FDIC to when the report of examination is sent to the bank.
| Total | Percent of BSA Exams |
|
|---|---|---|
| Formal Enforcement Actions | 5 | 0.34% |
| Informal Enforcement Actions | 15 | 1.01% |
| Civil Money Penalties | 2 | 0.14% |
Formal BSA/AML enforcement actions are orders issued by the FDIC against insured financial institutions and individual respondents. The FDIC issues formal actions, such as Consent Orders, pursuant to Section 8 of the Federal Deposit Insurance Act. Formal actions are legally enforceable and available to the public after issuance. Informal BSA/AML enforcement actions, such as a Memorandum of Understanding, are voluntary commitments made by an insured financial institution's board of directors with the FDIC. Informal actions are not legally enforceable and are not available to the public. Civil money penalties are assessed not only to punish the violator to the degree of culpability and severity of the violation, but also to deter future violations. Although relevant to the FDIC’s interests, the primary purpose for utilizing civil money penalties is not to effect remedial action.
| Year | Total | Percent of BSA Exams |
|---|---|---|
| 2020 YTD | 7 | 2.95% |
| 2019 | 58 | 3.69% |
| 2018 | 76 | 4.54% |
BSA/AML Compliance Program/Pillar Violations include the overall compliance program (12 CFR 326.8(b)(1)), Customer Identification Program (12 CFR 326.8(b)(2)), internal controls (12 CFR 326.8(c)(1)), independent testing (12 CFR 326.8(c)(2)), BSA officer (12 CFR 326.8(c)(3)), and training (12 CFR 326.8(c)(4).
