To make a conforming amendment to the Federal Deposit Insurance Act with respect to examinations of certain insured depository institutions, and for other purposes.
Last action on Jan 11, 2007Became Public Law No: 109-473.
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Summary
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Amends the Federal Deposit Insurance Act to increase from $250 million to $500 million the maximum size of a small insured depository institution which the appropriate federal banking agency may subject to a full-scope, on-site examination every 18 months (instead of every 12 months), if the greater amount would be consistent with the principles of institution safety and soundness.
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