Frequency of examination of national banks and Federal savings associations.

CFR · 2024-01-01 · US · Title 12

(a) (b) (1) The bank or Federal savings association has total assets of less than $3 billion; (2) The bank or Federal savings association is well capitalized as defined in part 6 of this chapter; (3) At the most recent examination; (i) The bank or Federal savings association was assigned a rating of 1 or 2 for management as part of the bank's (ii) The bank or Federal savings association was assigned a composite rating of 1 or 2 under the Uniform Financial Institutions Rating System; (4) The bank or Federal savings association currently is not subject to a formal enforcement proceeding or order by the FDIC, OCC, OTS or the Federal Reserve System; and (5) No person acquired control of the bank or Federal savings association during the preceding 12-month period in which a full-scope, on-site examination would have been required but for this section. (c) (d) Through December 31, 2021, for purposes of determining eligibility for the 18-month rule described in paragraph (b) of this section, the OCC may determine the total assets of a national bank or Federal savings association by reference to the total assets of the national bank or Federal savings association as reported by the national bank or Federal savings association in its Call Report as of December 31, 2019.

official document · source cfr-2024 · id 12:§ 4.6