§2908 Small Bank Regulatory Relief

Summary

Regulated financial institutions with $250,000,000 or less in total assets follow set schedules for routine exams based on their last community credit-needs rating. If the last rating was "outstanding record of meeting community credit needs," exams can happen no more often than once every 60 months. If it was "satisfactory record of meeting community credit needs," exams can happen no more often than once every 48 months. If the rating was less than satisfactory, the federal agency decides how often exams are needed. These institutions still must be examined when they apply for a deposit facility. The federal agency can also require more or fewer exams for good reason.