HR 6345 · 109th Congress · Finance and Financial Sector
To make a conforming amendment to the Federal Deposit Insurance Act with respect to examinations of certain insured depository institutions, and for other purposes.
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EnactedLatest: Became Public Law No: 109-473.(2007-01-11)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only