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Monday, January 1, 2007

Agencies Expand Range for Extended On-Site Exams

Federal and thrift agencies earlier this year expanded the range of small institutions eligible for an extended on-site examination cycle. Well-capitalized and well-managed banks and savings associations with up to $500 million in total assets and a composite CAMELS rating of 1 or 2 can qualify for an 18-month examination cycle, rather than a 12-month cycle.

Until recently, only institutions with less than $250 million in total assets could qualify for an extended 18-month on-site examination cycle. The rules also make parallel changes to the agencies' regulations governing the on-site examination cycle for U.S. branches and agencies of foreign banks consistent with the International Banking Act of 1978. Read the rules at

HMDA 2006 Data Available

The 2006 data on mortgage lending transactions at financial institutions covered by HMDA (Home Mortgage Disclosure Act) in metro statistic areas is available at

Financial institutions that are HMDA reporters should access their disclosure statements from the site and make this information available in their public files. Institutions should have those statements on file in their home offices and have one copy per branch office (or provide one upon written request).