OREANDA-NEWS. April 20, 2016. The Federal Reserve Board on Tuesday implemented new procedures for examiners to conduct off-site loan reviews for community and small regional banks.

The Board is offering this option as part of its ongoing efforts to improve efficiency and provide burden reduction while maintaining quality supervision.

State member banks and U.S. branches and agencies for foreign banking organizations with less than \\$50 billion in total assets can opt to allow Federal Reserve examiners to review loan files off-site, during both full-scope or target examinations, so long as loan documents can be sent securely and with the required information.