OCC makes interim change to bank examination schedule

US amends bank examination timetable

The US Office of the Comptroller of the Currency (OCC), which oversees Federal banking regulation, has published in the Federal Register an interim rule that amends 12 CFR 4, which governs the frequency of examination of national banks. The interim rule extends the 18-month examination cycle to qualified, well-managed banks with less than $500 million in total assets. At present, the 18-month cycle is available only for banks with less than $250 million in assets. The interim rule makes