Director's Book: Role of Directors for National Banks and Federal Savings Associations

Summary

Boards of directors play critical roles in the successful operation of banks. The OCC recognizes the challenges facing bank directors. The Director's Book: Role of Directors for National Banks and Federal Savings Associations  helps directors fulfill their responsibilities in a prudent manner. This book provides an overview of the OCC, outlines directors’ responsibilities as well as management’s role, explains basic concepts and standards for safe and sound operation of banks, and delineates laws and regulations that apply to banks. To better understand a particular bank activity and its associated risks, directors should refer to the Comptroller's Handbook booklets, including the "Corporate and Risk Governance" booklet. For sources of information, measures, questions to consider, red flags, and references that may assist directors in making sound decisions, refer to the Director’s Reference Guide to Board Reports and Information.