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TREAS/OCC RIN: 1557-AE02 Publication ID: Fall 2016 
Title: Expanded Examination Cycle for Certain Small Insured Depository Institutions and U.S. Branches and Agencies of Foreign Banks 
Abstract:

The OCC, Board, and FDIC, (collectively, the agencies) issued an interim final rule to implement section 83001 of the Fixing America’s Surface Transportation Act (the FAST Act). Section 83001 of the FAST Act permits a qualifying insured depository institution (institution) with up to $1 billion in total assets to be examined by its appropriate Federal banking agency no less than once during each 18-month period. The OCC's interim final rule expands eligibility for the 18-month examination cycle to qualifying national banks, federal savings associations, and federal branches and agencies with less than $500 million in total assets to those with less than $1 billion in total assets.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 4   
Legal Authority: 5 U.S.C. 301    5 U.S.C. 552    12 U.S.C. 1    12 U.S.C. U.S.C. 93a    12 U.S.C. 161    12 U.S.C. 481 to 482    12 U.S.C. 484(a)    12 U.S.C. 1442    12 U.S.C. 1462a    12 U.S.C. 1463 to 1464    12 U.S.C. 1817(a)    12 U.S.C. 1818    12 U.S.C. 1820 to 1821    12 U.S.C. 1831m    12 U.S.C. 1831p-1    12 U.S.C. 1831o    12 U.S.C. 1833e    12 U.S.C. 1867    12 U.S.C. 1951 et seq.    12 U.S.C. 2601 et seq.    12 U.S.C. 2801 et seq.    12 U.S.C. 2901 et seq.    12 U.S.C. 3101 et seq.    12 U.S.C. 3401 et seq.    12 U.S.C. 5321    12 U.S.C. 5412    12 U.S.C. 5414    15 U.S.C. 77uu(b)    15 U.S.C. 78q(c)(3)    18 U.S.C. 641    18 U.S.C. 1905 to 1906    29 U.S.C. 1204    31 U.S.C. 5318(g)(2)    31 U.S.C. 9701    42 U.S.C. 3601    44 U.S.C. 3506    44 U.S.C. 3510    E.O. 12600 (3 CFR 1987 Comp., p. 235)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  02/29/2016  81 FR 10063   
Interim Final Rule Effective  02/29/2016 
Interim Final Rule Comment Period End  04/29/2016 
Final Rule  12/00/2016 
Additional Information: Inadvertently published as RIN 1557-AE01.
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Melissa Lisenbee
Counsel
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-7392
Email: melissa.lisenbee@occ.treas.gov