WASHINGTON - The Federal Reserve Board has directed its examiners to conduct as much of their bank reviews as possible in field offices, a move that could reduce on-site exams by a week or more.

"We have advised reserve banks to do everything off-site that can be done off-site," said a senior official in the Fed's division of banking supervision and regulation. The increased off-site preparation will make examiners "more focused" when they do go on-site, the official said.

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