This post was originally published on OCC.gov
Asset threshold increased from $3 billion to $6 billion in total assets for qualifying banks eligible for less onerous 18-month exam cycle
Approximately 50 additional OCC-regulated institutions eligible for longer exam cycle
WASHINGTON—The Office of the Comptroller of the Currency today published an interim final rule that raises the asset threshold for certain supervised institutions with less than $6 billion in total assets to qualify for an 18-month on-site examination cycle, pursuant to the 21st Century ROAD to Housing Act.
Under the interim final rule, approximately 50 additional OCC-regulated institutions will be eligible to extend their exam cycles from once every 12 months to once every 18 months. The longer exam cycle will yield cost savings for these financial institutions and enable them to reallocate resources to other activities to better serve their customers.
“The OCC is proud to support President Trump’s and Secretary Scott Bessent’s vision of parallel prosperity and a strong community banking system that thrives and drives economic growth,” said Comptroller of the Currency Jonathan V. Gould. “The community bank comeback is underway, and today’s action supports that effort by reducing burden for these banks that are vital to the strength of local economies across America, so they can focus more of their time and energy on serving their customers.”
The OCC remains committed to addressing the challenges for community banks and has taken a series of actions to rightsize regulatory burden and tailor supervisory activities so these institutions may grow and continue to meet the needs of the customers and small businesses they serve. These actions include: