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Comptroller of the Currency discusses expansion of 18-month exam cycle for community banks

The Office of the Comptroller of the Currency released a story today about a discussion made by Comptroller of Currency Thomas J. Curry, which covers increasing the number of small community banks and savings associations eligable for an 18-month examination cycle.

The OCC stated Curry's remarks came during the Federal Deposit Insurance Coorporation's meeting of its board of directors, which approved an interium final rule allowing well-managed community banks and thrifts under $1 billion in assets qualification for the 18-month exam cycle. To read more on the story and Curry's remarks, click here.

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