The Federal agencies jointly issued final rules on September 21 expanding the range of small institutions eligible for an 18 month on-site examination cycle. Under the new rules, well-capitalized and well-managed institutions with under $500 million in assets and a composite CAMELS rating of 1 or 2 will now qualify for an 18 month, as opposed to 12-month on-site examination cycle. The prior cap was $250 million.
For further information see the release published by the Federal Agencies.
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