Frequency of examination of Federal agencies and branches.

CFR · 2024-01-01 · US · Title 12

(a) (b) (i) Has total assets of less than $3 billion; (ii) Has received a composite ROCA supervisory rating (which rates risk management, operational controls, compliance, and asset quality) of 1 or 2 at its most recent examination; (iii) Satisfies the requirements of either paragraph (b)(1)(iii)(A) or (B) of this section: (A) The foreign bank's most recently reported capital adequacy position consists of, or is equivalent to, common equity tier 1, tier 1 and total risk-based capital ratios that satisfy the definition of “well capitalized” set forth at 12 CFR 6.4, respectively, on a consolidated basis; or (B) The branch or agency has maintained on a daily basis, over the past three quarters, eligible assets in an amount not less than 108 percent of the preceding quarter's average third party liabilities (determined consistent with applicable federal and state law), and sufficient liquidity is currently available to meet its obligations to third parties; (iv) Is not subject to a formal enforcement action or order by the Federal Reserve Board, the Federal Deposit Insurance Corporation, or the OCC; and (v) Has not experienced a change in control during the preceding 12-month period in which a full-scope, on-site examination would have been required but for this section. (2) (i) Any of the individual components of the ROCA rating of the Federal branch or agency is rated “3” or worse; (ii) The results of any off-site supervision indicate a deterioration in the condition of the Fed

official document · source cfr-2024 · id 12:§ 4.7