Title 12 — Banks and BankingRelease 119-73not60

§2908 Small Bank Regulatory Relief

Title 12 › Chapter 30— COMMUNITY REINVESTMENT › § 2908

Last updated Apr 3, 2026|Official source

Summary

Banks with $250,000,000 or less in total assets must follow a routine exam schedule tied to their last rating for meeting community credit needs: at most once every 60 months if rated outstanding; at most once every 48 months if rated satisfactory; and as often as the federal supervisor thinks needed if rated below satisfactory. Those banks still must be examined when they apply to open a deposit facility. The federal supervisory agency can make exams more or less frequent for reasonable cause.

Full Legal Text

Title 12, §2908

Banks and Banking — Source: USLM XML via OLRC

(a)Except as provided in subsections (b) and (c), any regulated financial institution with aggregate assets of not more than $250,000,000 shall be subject to routine examination under this chapter—

(1)not more than once every 60 months for an institution that has achieved a rating of “outstanding record of meeting community credit needs” at its most recent examination under section 2903 of this title;

(2)not more than once every 48 months for an institution that has received a rating of “satisfactory record of meeting community credit needs” at its most recent examination under section 2903 of this title; and

(3)as deemed necessary by the appropriate Federal financial supervisory agency, for an institution that has received a rating of less than “satisfactory record of meeting community credit needs” at its most recent examination under section 2903 of this title.

(b)A regulated financial institution described in subsection (a) shall remain subject to examination under this chapter in connection with an application for a deposit facility.

(c)A regulated financial institution described in subsection (a) may be subject to more frequent or less frequent examinations for reasonable cause under such circumstances as may be determined by the appropriate Federal financial supervisory agency.

Reference

Citations & Metadata

Citation

12 U.S.C. § 2908

Title 12 — Banks and Banking

Last Updated

Apr 3, 2026

Release point: 119-73not60