Frequency of examination.

CFR · 2024-01-01 · US · Title 12

(a) (b) (1) The institution has total assets of less than $3 billion; (2) The institution is well capitalized as defined in § 324.403(b)(1) of this chapter; (3) At the most recent FDIC or applicable State agency examination, the FDIC: (i) Assigned the institution a rating of 1 or 2 for management as part of the institution's composite rating under the Uniform Financial Institutions Rating System (commonly referred to as CAMELS); and (ii) Assigned the institution a composite rating of 1 or 2 under the Uniform Financial Institutions Rating System (copies of which are available at the addresses specified in § 309.4 of this chapter); (4) The institution currently is not subject to a formal enforcement proceeding or order by the FDIC, OCC, or the Board of Governors of the Federal Reserve System; and (5) No person acquired control of the institution during the preceding 12-month period in which a full-scope, on- (c) (d) From December 2, 2020, through December 31, 2021, for purposes of determining eligibility for the extended examination cycle described in paragraph (b) of this section, the total assets of an institution shall be determined based on the lesser of: (1) The assets of the institution as of December 31, 2019; and (2) The assets of the institution as of the end of the most recent calendar quarter.

official document · source cfr-2024 · id 12:§ 337.12