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TREAS/OCC | RIN: 1557-AE37 | Publication ID: Fall 2018 |
Title: ●Expanded Examination Cycle for Certain Small Insured Depository Institutions | |
Abstract:
The OCC, FRB, and FDIC issued an interim final rule to implement section 210 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). Section 210 of EGRRCPA amends section 10(d) of the Federal Deposit Insurance Act to permit the agencies to examine qualifying insured depository institutions with not more than $3 billion in total assets no less than once during each 18-month period. Currently, the agencies' rules only permit qualifying institutions with less than $1 billion in total assets to be eligible for an 18-month on-site examination cycle. The interim final rules will generally allow certain well capitalized and well managed institutions with less than $3 billion in total assets to benefit from the extended 18-month examination schedule. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Undetermined | Unfunded Mandates: Undetermined |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 4 | |
Legal Authority: 5 U.S.C. 301 and 552 12 U.S.C. 1 12 U.S.C. 93a 12 U.S.C. 161 12 U.S.C. 481 12 U.S.C. 482 12 U.S.C. 484(a) 12 U.S.C. 1442 12 U.S.C. 1462a 12 U.S.C. 1463 12 U.S.C. 1464 12 U.S.C. 1817(a) 12 U.S.C. 1818 12 U.S.C. 1820 12 U.S.C. 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 18 U.S.C. 1906 29 U.S.C. 1204 31 U.S.C. 5318(g)(2) 42 U.S.C. 3601 44 U.S.C. 3506 44 U.S.C. 3510 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: Undetermined |
Federalism: Undetermined | |
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 |