✦ LIBER ✦
Statement no.106 proposed lengthening of examination schedules and required independent audits for thrift institutions
- Book ID
- 104639543
- Publisher
- Springer
- Year
- 1996
- Tongue
- English
- Weight
- 106 KB
- Volume
- 10
- Category
- Article
- ISSN
- 0920-8550
No coin nor oath required. For personal study only.
✦ Synopsis
Two separate developments threaten the quality and quantity of information available to monitor the financial condition of insured depository institutions. First, a provision of the Community Development Bank Act would lengthen the maximum time between bank examinations from 12 to 18 months for banks with assets less than $250 million. Second, the Office of Thrift Supervision (OTS) has published a proposed rule which would eliminate the mandatory audit requirements for thrift institutions with assets less than $500 million.