The Federal Reserve Board provided additional information on how it is adjusting its supervisory approach due to the coronavirus. The Fed said it will temporarily reduce its examination activities, with the greatest reduction in activities occurring at the smallest banks.
The Fed also said additional time will be granted for resolving non-critical existing supervisory findings. Meanwhile, large banks are still expected to submit capital plans under the Comprehensive Capital Analysis and Review by April 6.
More information and resources on the coronavirus response are available on ICBA's Crisis Response and Preparedness Center. Community bankers who have questions or need assistance can contact ICBA at email@example.com.