District Circular Letters
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REGULATION H:
EXAMINATION FREQUENCY CYCLE
To State Member Banks
and Others Concerned
in the Twelfth Federal Reserve District
Final Rule Regarding Examination Frequency Cycle (Docket
R-0957)
The Federal Reserve Board, along with the Office of the Comptroller
of the Currency, Federal Deposit Insurance Corporation, and Office of
Thrift Supervision, has issued a final rule to expand the examination
frequency cycle for certain financial institutions.
The rule became effective April 2, 1998.
Implementation of this final rule expands the eligibility for the eighteen-month
examination cycle for "1" and "2" rated, well-managed
banks from the current asset size limit of $100 million to a new limit
of $250 million.
The ruling implements section 306 of the Riegle Community Development
and Regulatory Improvement Act of 1994, and section 2221 of the Economic
Growth and Regulatory Paperwork Reduction Act of 1996.
Copies
Copies of the Board's notices (Docket R-0957) are available
from our Corporate Services Department. To request copies to be sent via
mail, please call (415) 974-2748. To request copies to
be sent via fax, please call (415) 974-3333, and specify
document numbers 4131.
Additional Information
For additional information regarding Regulation H, please contact our
Banking Supervision and Regulation Department, at (415) 974-2932.
FEDERAL RESERVE BANK OF SAN FRANCISCO
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