As the primary federal supervisors for state-chartered banks, the Board and Federal Deposit Insurance Corporation (FDIC) may alternate responsibility for conducting these examinations with the appropriate state supervisory authority if the Board or FDIC determines that the state examination carries out the purposes of the statute. The $ million asset cutoff for an eighteen-month examination cycle has not been raised since 1994.
Evidence suggests that no two crises are exactly alike. As a result, in addition to preventative instruments just discussed, the Reserve Bank had also resorted to reactive instruments. One such instrument is emergency liquidity support.