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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.