ABA Voices Support for Expanded Exam Cycle

In a comment letter to the federal regulatory agencies today, ABA commended regulators on a recent interim final rule expanding the 18-month exam cycle for certain small insured depository institutions under $1 billion—part of ABA’s Agenda for America’s Hometown Banks. The rule implements the statutory threshold increases included in highway bill that Congress passed in December.

The rule raised the threshold for eligible banks from $500 million to $1 billion, and also increased the asset ceiling for eligible CAMELS 2 rated banks from between $100 million and $500 million total assets to between $200 million and $1 billion total assets.