13  See Board of Governors of the Federal Reserve System, “Agencies issue interim final rules expanding examination cycle for qualifying small banks and U.S. branches of foreign banks,” news release, August 23, 2018 and Board of Governors of the Federal Reserve System, “Federal Reserve Board issues interim final rule expanding the applicability of the Board’s small bank holding company policy statement,” news release, August 28, 2018.
Of course, while the holding companies of community banks may be eligible for an exemption from capital rules, the subsidiary banks are still subject to capital requirements. - 11 does not pose risks to the financial system. 14 These are firms with between $ billion and $ billion in total assets.