
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC2908]

 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER 30--COMMUNITY REINVESTMENT
 
Sec. 2908. Small bank regulatory relief


(a) In general

    Except as provided in subsections (b) and (c) of this section, any 
regulated financial institution with aggregate assets of not more than 
$250,000,000 shall be subject to routine examination under this 
chapter--
        (1) not more than once every 60 months for an institution that 
    has achieved a rating of ``outstanding record of meeting community 
    credit needs'' at its most recent examination under section 2903 of 
    this title;
        (2) not more than once every 48 months for an institution that 
    has received a rating of ``satisfactory record of meeting community 
    credit needs'' at its most recent examination under section 2903 of 
    this title; and
        (3) as deemed necessary by the appropriate Federal financial 
    supervisory agency, for an institution that has received a rating of 
    less than ``satisfactory record of meeting community credit needs'' 
    at its most recent examination under section 2903 of this title.

(b) No exception from CRA examinations in connection with applications 
        for deposit facilities

    A regulated financial institution described in subsection (a) of 
this section shall remain subject to examination under this chapter in 
connection with an application for a deposit facility.

(c) Discretion

    A regulated financial institution described in subsection (a) of 
this section may be subject to more frequent or less frequent 
examinations for reasonable cause under such circumstances as may be 
determined by the appropriate Federal financial supervisory agency.

(Pub. L. 95-128, title VIII, Sec. 809, as added Pub. L. 106-102, title 
VII, Sec. 712, Nov. 12, 1999, 113 Stat. 1469.)
