April 9, 2007
Agencies Seek Comment on Expanded Exam Cycle for Certain Institutions
In a joint press release, the federal financial institution regulators requested public comment on proposed interim rules expanding the range of small institutions eligible for an extended 18-month on-site examination cycle. The proposed interim rules allow well-capitalized and well-managed banks and savings associations with up to $500 million in total assets and a composite CAMELS rating of 1 or 2 to qualify for an 18-month (rather than a 12-month) on-site examination cycle.
Agencies Announce Launch of Improved Website for Banking Data
In a joint press release, the federal banking regulators announced the launch of an improved website to access banks' quarterly Reports of Condition and Income (Call Report) data. Important Call Report data will now be available faster and in multiple formats through the Central Data Repository (CDR).