House Passes Bill Raising Threshold for Small Bank Examinations

Banks with less than $6 billion in total assets would be subject to less frequent full-scope regulator exams through legislation the House passed by voice vote under suspension of the rules Tuesday.

The bill (H.R. 4478) would cover banks that are supervised by the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, or the Federal Reserve.

Read more: BGOV Bill Analysis: H.R. 4478, Small Bank Examination Frequency

Existing law generally requires federal or state bank regulators to conduct full, on-site examinations of FDIC-insured institutions every 12 months. Well-managed and financially sound smaller banks under ...