PUBLIC LAW 102-242—DEC. 19, 1991 105 STAT. 2241 depository institution conducted by the State during the intervening 12-month period carries out the purpose of this subsection. "(4) 18-MONTH RULE FOR CERTAIN SMALL INSTITUTIONS.— Paragraphs (1), (2), and (3) shall apply with '18-month' substituted for '12-month' if— "(A) the insured depository institution has total assets of less than $100,000,000; "(B) the institution is well capitalized, as defined in section 38; "(C) when the institution was most recently examined, it was found to be well managed, and its composite condition was found to be outstanding; and "(D) no person acquired control of the institution during the 12-month period in which a full-scope, on-site examination would be required but for this paragraph. "(5) CERTAIN GOVERNMENT-CONTROLLED INSTITUTIONS EXEMPTED. —Paragraph (1) does not apply to— "(A) any institution for which the Corporation is con- ' servator; or "(B) any bridge bank none of the voting securities of which are owned by a person or agency other than the Corporation. ^^ "(6) CONSUMER COMPLIANCE EXAMINATIONS EXCLUDED. —For purposes of this subsection, the term 'full-scope, on-site examination' does not include a consumer compliance examination, as defined in section 41(b).". 03) EFFECTIVE DATE. —The amendment made by subsection (a) 12 USC 1820 shall become effective 1 year after the date of enactment of this Act. ^°^- (c) TRANSITION RULE. — Notwithstanding section 10(d) of the Fed- 12 USC 1820 eral Deposit Insurance Act (as added by subsection (a)), during the "°^- period beginning on the date of enactment of this Act and ending on December 31, 1993, a full-scope, on-site examination of an insured depository institution is not required more often than once during every 18-month period, unless— (1) the institution, when most recently examined, was found to be in a less than satisfactory condition; or (2) 1 or more persons acquired control of the institution. (d) EXAMINATION IMPROVEMENT PROGRAM. — 12 USC 3305 (1) IN GENERAL.—The appropriate Federal banking agencies, ^°**- acting through the Federal Financial Institutions Examination Council, shall each establish a comparable examination improvement program that meets the requirements of paragraph (2). (2) REQUIREMENTS. — An examination improvement program meets the requirements of this paragraph if, under the program, the agency is required— (A) to periodically review the organization and training of the staff of the agency who are responsible for conducting examinations of insured depository institutions and to make such improvements as the agency determines to be appropriate to ensure frequent, objective, and thorough. examinations of such institutions; and (B) to increase the number of examiners, supervisors, and other individuals employed by the agency in connection with conducting or supervising examinations of insured depository institutions to the extent necessary to ensure
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