Awesome

Consider it

*/1b3f701f762c5777fab5995115fd53dae71219d6c602550dcc

Monday, April 25, 2016

Federal Reserve Board implements new procedures for examiners to conduct off-site loan reviews for community and small regional banks


Release Date: April 19, 2016


For release at 12:00 p.m. EDT


The Federal Reserve Board on Tuesday implemented new procedures for examiners to conduct off-site loan reviews for community and small regional banks. The Board is offering this option as part of its ongoing efforts to improve efficiency and provide burden reduction while maintaining quality supervision.


State member banks and U.S. branches and agencies for foreign banking organizations with less than $50 billion in total assets can opt to allow Federal Reserve examiners to review loan files off-site, during both full-scope or target examinations, so long as loan documents can be sent securely and with the required information.


While some banks may prefer an off-site loan review, the program is optional so that any bank can still choose an on-site review.


For media inquiries, call 202-452-2955.


SR Letter 16-8: Off-site Review of Loan Files





Federal Reserve Board implements new procedures for examiners to conduct off-site loan reviews for community and small regional banks

No comments:

Classified

 
//1b3f701f762c5777fab5995115fd53dae71219d6c602550dcc/