pc
nid 95139
Sep 14, 2026
rghosh@vixio.com
US Track 3
Federal Register
horizon scanning
96% of draft length
draft in Generated
Generated
2071 charsUnited States Federal Banking Agencies Expand Examination Cycle Eligibility for Small Insured Depository Institutions
On September 14, 2026, the Office of the Comptroller of the Currency (OCC), the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) jointly issued an interim final rule implementing section 903 of the 21st Century ROAD to Housing Act. The rule raises the asset threshold for certain supervised institutions to qualify for an 18-month on-site examination cycle from $3 billion to $6 billion in total assets. The agencies also made conforming changes to regulations governing U.S. branches and agencies of foreign banks consistent with the International Banking Act of 1978 (IBA).
The interim final rule expands eligibility for the extended examination cycle to insured depository institutions (IDIs) with total assets under $6 billion that meet additional criteria: they must be well capitalized, have a composite condition rating of "outstanding" or "good" (for institutions with assets not exceeding $200 million), not be subject to formal enforcement proceedings, and have not undergone a change in control within the previous 12 months. The agencies estimate the rule will increase the number of eligible institutions by approximately 188 banks and savings associations, bringing the total to approximately 4,016 institutions eligible for the 18-month cycle. This includes approximately 19 additional U.S. branches and agencies of foreign banks.
The agencies determined that extending the examination cycle by six months for these small, well-rated institutions with relatively simple risk profiles should not appreciably increase their risk of financial deterioration or failure. Qualifying institutions will realise cost savings through reduced examination activity, enabling staff reallocation to other business activities. The agencies will continue off-site monitoring activities and retain authority to conduct more frequent examinations when necessary. The comment period closes on October 14, 2026. Comments can be submitted via Regulations.gov using Docket ID OCC-2026-0761, or through the Federal Reserve and FDIC websites.
Agent draft
Not run yet.
Published
1978 charsUnited States Federal Banking Agencies Issue Interim Final Rule and Request for Comment Regarding Expanded Examination Cycle for Certain Small Insured Depository Institutions
On September 14, 2026, the Office of the Comptroller of the Currency (OCC), the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) jointly issued an interim final rule implementing section 903 of the 21st Century ROAD to Housing Ac t.
The rule raises the asset threshold for certain supervised institutions to qualify for an 18-month on-site examination cycle from $3bn to $6bn in total assets. The agencies also made conforming changes to regulations governing U.S. branches and agencies of foreign banks consistent with the International Banking Act of 1978 (IBA) .
The interim final rule expands eligibility for the extended examination cycle to insured depository institutions (IDIs) with total assets under $6bn that meet additional criteria:
They must be well capitalized.
Have a composite condition rating of "outstanding" or "good" (for institutions with assets not exceeding $200mn) .
Not be subject to formal enforcement proceedings.
Have not undergone a change in control within the previous 12 months.
The agencies estimate the rule will increase the number of eligible institutions by approximately 188 banks and savings associations, bringing the total to approximately 4,016 institutions eligible for the 18-month cycle. This includes approximately 19 additional U.S. branches and agencies of foreign banks. The agencies determined that extending the examination cycle by six months for these small, well-rated institutions with relatively simple risk profiles should not appreciably increase their risk of financial deterioration or failure.
The agencies will continue off-site monitoring activities and retain authority to conduct more frequent examinations when necessary.
The interim final rule is effective on September 14, 2026. Comments on the rule must be received by October 14, 2026. Comments can be submitted via Regulations.gov using Docket ID OCC-2026-0761, or through the Federal Reserve and FDIC websites.