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OCC BULLETIN 2018-18
To: Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties

Description: Revised and Updated Booklets and Rescissions

Summary

The Office of the Comptroller of the Currency (OCC) issued today the revised1 “Bank Supervision Process,” “Community Bank Supervision,” “Compliance Management Systems,” and “Large Bank Supervision” booklets of the Comptroller’s Handbook. In addition, the OCC updated2 the “Federal Branches and Agencies Supervision” booklet.

Rescissions

The revised and updated booklets replace the booklets of the same title previously issued and rescind the publications listed in the following table.

Publication Reason rescinded
OCC Bulletin 2014-46, “Federal Branches and Agencies Supervision: Updated Comptroller’s Handbook Booklet” This bulletin transmitted a previous version of the booklet and is therefore outdated.
OCC Bulletin 2014-52, “Matters Requiring Attention: Updated Guidance” This bulletin has been incorporated into the “Bank Supervision Process” booklet.
OCC Bulletin 2015-48, “Risk Assessment System: Updated Guidance” This bulletin has been incorporated into the “Bank Supervision Process,” “Community Bank Supervision,” and “Large Bank Supervision” booklets.
OCC Bulletin 2016-36, “Community Bank Supervision: Updated Comptroller’s Handbook Booklet” This bulletin transmitted a previous version of the booklet and is therefore outdated.
OCC Bulletin 2016-39, “Consumer Compliance: Revised Interagency Uniform Consumer Compliance Rating System” This bulletin has been incorporated into the “Bank Supervision Process” booklet. Refer also to 81 Fed. Reg. 79473, “Uniform Interagency Consumer Compliance Rating System.”
OCC Bulletin 2017-18, “Violations of Laws and Regulations: Updated Guidance” This bulletin has been incorporated into the “Bank Supervision Process” booklet.
Office of Thrift Supervision (OTS) Examination Handbook section 410, “Financial Records and Reports” This section has been replaced by the “Community Bank Supervision” earnings core assessment.
OTS Examination Handbook section 430, “Operations Analysis” This section has been replaced by the “Community Bank Supervision” earnings core assessment.

Note for Community Banks

The “Bank Supervision Process,” “Community Bank Supervision,” and “Compliance Management Systems” booklets pertain to the OCC’s supervision of community banks.

Highlights

The revisions or updates

  • clarify the applicability of each booklet to community, midsize, and large banks.
  • incorporate the revised Uniform Interagency Consumer Compliance Rating System.
  • add asset management core assessment guidance to the “Large Bank Supervision” booklet. Factors for assigning the trust component rating in the regulatory ratings core assessment are unchanged, and examiners continue to use the Uniform Interagency Trust Rating System.
  • provide examiner guidance for assessing asset management and BSA/AML/OFAC3 risks. Guidance for assessing the quantity of BSA/AML/OFAC risk is consistent with appendixes J and M of the Federal Financial Institutions Examination Council BSA/AML Examination Manual.
  • incorporate relevant aspects of the Dodd–Frank Wall Street Reform and Consumer Protection Act.
  • reflect the integration of the former OTS into the OCC.
  • explain the OCC’s bank supervision process using consistent terminology.
  • clarify legal language and terminology regarding supervisory guidance.
  • clarify the roles of the bank’s board of directors and management.
  • include revised concepts and references regarding third-party risk management; new, modified, or expanded bank products or services; and corporate and risk governance.
  • incorporate references to other relevant OCC issuances published since the last publication date of each of these booklets.

Further Information

For topics not related to consumer compliance, contact Sarah Williams-Lopez, National Bank Examiner and Core Policy Analyst, at (202) 649-6770.

For topics related to consumer compliance and the “Compliance Management Systems” booklet, contact Paul R. Reymann, Director for Consumer Compliance Policy, at (202) 649-5470.

 

Grace E. Dailey
Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner


Grovetta N. Gardineer
Senior Deputy Comptroller for Compliance and Community Affairs

Related Links

1 A full revision is the publication of an existing booklet, with a new publication date, generally as a result of comprehensive changes.

2 An update is generally limited to minor edits, corrections, rescissions, or references to new information in other documents.

3 BSA/AML stands for Bank Secrecy Act/anti-money laundering. OFAC stands for Office of Foreign Assets Control, a financial intelligence and enforcement agency of the U.S. Department of the Treasury.