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Regulators approve expanded list of BSAs qualified for 18-month exam cycle

The Federal Reserve Board, the FDIC and the OCC issued an interagency rule expanding the number of banks and savings associations that qualify for an 18-month examination cycle rather than a 12-month cycle.

The rules have been in effect since Feb. 29, pursuant to the interim final rules previously adopted by the regulators. Under the final rule, qualifying well-capitalized and well-managed U.S. banks and savings associations, along with U.S. branches and agencies of foreign banks with asset sizes of less than $1 billion will have an 18-month exam cycle. Previous rules had the asset threshold at less than $500 million.

The final rule puts the number of qualified U.S. institutions for an 18-month exam cycle at roughly 4,800, about 600 more than the previous list. Eighty-nine U.S. branches and agencies of foreign banks qualify for the extended cycle, 30 more than under the previous rule.