OCC Updates and Rescinds Booklets

On June 28, 2018, the OCC revised several booklets from their Comptroller’s Handbook. The revised booklets include “Bank Supervision Process,” “Community Bank Supervision,” “Compliance Management Systems,” and “Large Bank Supervision.”  In addition to these booklet revisions, the OCC has rescinded several booklets for various reasons.

Highlights of the booklet revisions or updates include the following:

  • Clarification of the applicability of each booklet to community, midsize, and large banks.

  • Incorporation of the revised Uniform Interagency Consumer Compliance Rating System.

  • The addition of 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.

  • Providing 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.

  • Incorporating relevant aspects of the Dodd–Frank Wall Street Reform and Consumer Protection Act.

  • Reflecting the integration of the former OTS into the OCC.

  • Explaining the OCC’s bank supervision process using consistent terminology.

  • Clarifying legal language and terminology regarding supervisory guidance.

  • Clarification of the roles of the bank’s board of directors and management.

  • Including revised concepts and references regarding third-party risk management; new, modified, or expanded bank products or services; and corporate and risk governance.

  • Incorporation of references to other relevant OCC issuances published since the last publication date of each of these booklets.

The full OCC booklet can be found here.



When is a Revised Loan Estimate Required

CTRs For Sole Proprietorships

CTRs For Sole Proprietorships