Federal Reserve to Resume Examination Activities

The Federal Reserve recently announced that it is resuming its examination activities for all supervised institutions.  Examinations will be conducted offsite until conditions improve and allow for on-site examinations.  The Federal Reserve acknowledges that the current situation is affecting institutions in different ways and will work to understand specific issues that may arise.

As mentioned in a prior WBK article, in response to the COVID-19 crisis, the Federal Reserve issued a statement suspending regular exams for supervised institutions with total consolidated assets of less than $100 billion.