The Board’s proposed amendment would raise this asset cap from $ million to $ million, thus potentially allowing approximately an additional 1,100 insured depository institutions to qualify for an eighteen-month examination cycle. The proposed amendment would provide meaningful relief to small institutions without jeopardizing the safety and soundness of insured depository institutions.
Under the proposed amendment, an institution with less than $ million in assets would qualify for the eighteen-month examination cycle only if the institution was well capitalized, well managed, and met the other criteria established by Congress in the Federal Deposit Insurance Corporation Improvement Act of 1991.