The banking supervision handbook banking supervision. More information regarding specific retail lending products are described in other booklets of the comptrollers handbook, including residential real estate lending, credit card lending, student lending, and installment lending. The updated booklet includes accounting changes for foreclosed property under contract, in accordance with the. Examiners use this booklet when examining banks in the occs community bank. This booklet applies to the occ s supervision of national banks and federal savings associations. This booklet explains the occs philosophy and methods for supervising national banks. Provides guidance for conducting inspections of bank holding companies and their nonbank subsidiaries. Bank supervision process comptrollers handbook september 2007 comptroller of currency on.
Apr 07, 2017 the occ has issued the national bank director waivers booklet of the comptrollers licensing manual, replacing the director waivers booklet. See comptrollers handbook for bank supervision process at 3 sept. Comptrollers handbook 3 bank supervision process uses occ resources efficiently and effectively by allocating the greatest resources to the areas of highest risk. It is responsible for examining the financial records of banks and for maintaining the integrity of the bank insurance fund fdic deposit insurance. As a bank examiner, you can help supervise banks across the countrywhether you are just. Many countries face difficulties with their financial systems similar to those the united states has experienced. Washington the office of the comptroller of the currency today announced formal enforcement actions against eight national bank mortgage servicers and two thirdparty servicer providers for unsafe and unsound practices related to residential mortgage loan servicing and foreclosure processing. Comptrollers handbook revisions and rescissions occ. A users guide for the bank holding company performance report. To view available documents, you will need acrobat reader.
Top risks facing national banks and federal savings associations include the lingering effects of a weak housing market, revenue challenges related to slow economic growth and market volatility, and the potential that banks may take excessive risks in an effort to improve profitability. Reports used to monitor computer activity, network performance. No other content has been updated in these booklets at this time. The bank supervision process and community bank supervision booklets apply to the occs supervision of community banks.
National bank supervision manual occs new and revised sections of policies and procedures manual relating to enforcement actions suggest continued heightened interest in actions against individuals summary historically, the office of the comptroller of the. This booklet is the central reference for the occ s bank supervision policy, explains the occ s riskbased bank supervision approach, and discusses the general supervisory process, for all types of occ supervised banks. The office of the comptroller of the currency occ mission is to ensure a safe and sound and competitive national banking system. Managing system events affectng occsupervised institutions comptrollers handbook icos and venficabon procedures.
Related content will be revised in other comptrollers handbook booklets as they are. National bank supervision manual occs new and revised sections of policies and procedures manual relating to enforcement actions suggest continued heightened interest in actions against individuals summary historically, the office of the comptroller of the currency the occ has applied a single set of internal. This enables occ to maintain an ongoing program of risk assessment, monitoring, and communication with bank management and directors. Therefore, depending on how rdc is implemented, the financial institutions risk assessment. This booklet is the central reference for the occs bank supervision policy. Serves as an aid in using the bank holding company performance report bhcpr. National bank examiners refer to these resources, which occ updates as necessary to reflect changes in the banking environment or amendments to existing regulations and rules and enactment of new legislation. The occ publishes handbooks and examination procedures based on safe and sound banking practices and applicable legislation and implementing rules. Entities are included in the occs large bank program based on asset size and consideration of factors that affect the institutions risk profile and complexity. Occ updates booklets of comptroller handbook for community. Occ releases bank supervision operating plan for fiscal year 2020. Charters booklet of the comptrollers licensing manual for more information on special purpose banks. Enter a bank name, persons name, city, state, or other details. This booklet is the central reference for the occs bank supervision policy, explains the occs riskbased bank supervision approach, and discusses the general supervisory process, for all types of occsupervised banks.
Occ definition from bank supervision process, comptrollers handbook updated 2014 mrias arising from an examination, inspection, or any other supervisory activity are matters of significant importance and urgency that the federal reserve requires banking. Resolutions handbook federal deposit insurance corporation. The occ consistently ranks as one of the best places to work in the federal government, receiving particularly high ratings for teamwork, diversity, pay, and benefits. Acquiring goods and services at the occ consists of two phases. In carrying out its mission, the occ seeks to assure a banking system in which national banks. Managing system events affectng occ supervised institutions comptrollers handbook icos and venficabon procedures. The bank supervision policy department is located at occ headquarters in washington, d. This booklet applies to the occs supervision of national banks and federal savings associations. Large bank supervision bookletcomptrollers handbook for safety. Internal audit training and development handbook protiviti. These updates are reflected in the bank supervision process, community bank supervision, federal branches and agencies supervision, and large bank supervision booklets of the comptrollers handbook and internal guidance for examiners. Commercial bank examination manual federal reserve. The occs nine categories of risk for bank supervision purposes are. The process of examining deposits in an account to determine if a benefit.
The office of the comptroller of the currency, the board of governors of the federal reserve system, the federal deposit insurance corporation, the national credit union administration, and the state regulators, collectively the agencies, recognize the serious impact of flooding in the midwest on the customers and operations of many financial institutions and will provide appropriate. Occ charters and is the primary federal regulator of national banks. The reserve bank further announced on 2 april 2020 that it had. Is performed by supervisory personnel who have the knowledge and skills to accurately evaluate a banks condition, identify risks, and communicate effectively with bank. Because of the vast operating scope of large banks, occ assigns examiners to work onsite at these institutions. Occ issued the revised bank supervision process, community bank supervision, compliance management systems, and large bank supervision booklets of the comptrollers handbook.
Use cas to search applications and actions via a search parameter s. The mra is the core of supervision, but common standards. Please note that there is a fiveday delay between when an application is received and when it becomes viewable in cas. The revised booklet updates guidance on the filings required when a national bank board of directors requests waivers of the citizenship and residency requirements for prospective members. Examiners use this booklet when examining banks in the occ s community bank supervision program. Comptrollers handbook booklet, bank supervision process lexis. Philosophy the occ employs a riskbased supervisory philosophy focused on evaluating risk, identifying material and emerging problems, and ensuring that individual banks take corrective action before problems compromise their safety and soundness. For example, adverse media coverage may indicate excessive reputation risk. Mar 25, 2019 the office of the comptroller of the currency, the board of governors of the federal reserve system, the federal deposit insurance corporation, the national credit union administration, and the state regulators, collectively the agencies, recognize the serious impact of flooding in the midwest on the customers and operations of many financial institutions and will provide appropriate. Bank supervision process comptrollers handbook september 2007. Commercial bank examination manual supplement 51april 2020 summary of changes this supplement re. The occs acquisitions management aqm office has two teams that provide assistance during each phase. The occ committee on bank supervision released the bank supervision operating plan for fiscal year 2020.
The occ has defined nine categories of risk for bank supervision purposes. Doing business with the occ occ office of thrift supervision. Occ 2005 attachment b community bank supervision draft 2 a list of computer systems and networks. Philosophy the occ employs a riskbased supervisory philosophy focused on evaluating risk, identifying material and emerging problems, and ensuring that individual banks take corrective action before problems compromise their safety and. Commercial bank examination manual federal reserve bank. Istn bark management bark operators capra markets capral poley comrrainty arairs compiancessa. In accordance with the occs supervisionbyrisk approach, examiners will generally use the liquidity core examination procedures, which can be found in the 2010 community bank supervision booklet and the 2010 large bank supervision booklet in the comptrollers handbook.
Occ takes enforcement action against eight servicers for. The department develops and interprets supervisory policies to address sound practices and emerging risks and provides onsite and offsite examination support. Recent changes to the banking supervision handbook. A list of software and applications that support financial information processing or the risk management process. The occ shares supervision with other regulators on issues related to the following. Each updated paragraph in these booklets now includes the date when it was last updated.
The occ has issued the national bank director waivers booklet of the comptrollers licensing manual, replacing the director waivers booklet. Garnishment of accounts containing federal benefit. This directory is intended primarily as a resource for banks and thrifts to help transition reo properties to productive use in ways that serve both the interest of the financial institutions and the communities in which these properties are located. Occ guidelines establishing heightened standards for certain.
Risks may differ if the institution uses image exchange for a portion of the process or elects to use the ach network throughout. Ecb consults on guide for managing climate and environmental risks. Examiners will also focus on your institutions resilience to liquidity and capital risks the core components of safety and soundness. Occ guidelines establishing heightened standards for. Examiners use this booklet when examining banks in the occs community bank supervision program. Use the resource guide to explore capital access and technical assistance sources for. Also replaced is occ bulletin 2020, other real estate owned. Occs large bank supervision program assesses the risks to the bank posed by. Act antimoney laundering bsaaml examination manual apply to all large banks.
Updated comptrollers handbook booklet summary the office of the comptroller of the currency occ today issued the updated 1 other real estate owned booklet of the comptrollers handbook, which provides guidance to examiners on banks acquisition, reporting, management, and disposition of other real estate owned oreo. Federal reserve definition from supervisory considerations for the communication of supervisory findings, sr 20. The office of the comptroller of the currency occ today issued the updated1 other real estate owned booklet of the comptrollers handbook, which provides guidance to examiners on banks acquisition, reporting, management, and disposition of other real estate owned oreo. Supervision process, large bank supervision, and community bank supervision booklets. The office of the comptroller of the currencys occ comptrollers handbook booklet, trade finance and services, is prepared for use by occ examiners in connection with their examination and supervision of national banks, federal savings associations, and federal branches and agencies of foreign banking organizations collectively, banks. They range from large complex banks with global footprints to local community banks. This resource guide provides easy access to information on national organizations and programs that can provide assistance to small businesses on a variety of financial services. Evaluating risk management to determine whether bank systems and. Provides definitions of the financial ratios and items presented on each page of the bhcpr. Various office of the comptroller of the currency occ. April 2020 the reserve bank announced on 18 march 2020 that it would extend the length of the transitional period for implementing the new outsourcing policy from 5 years to 6 years, and reduce the minimum core funding ratio under its liquidity policy from 75% to 50%. Examiners will supplement the procedures listed in these. Large bank supervision 4 comptrollers handbook measuring risks using common methods of evaluation. The supervisory objectives of the inspection program are to ascertain whether the financial strength of the bank.
In addition, occ updated the federal branches and agencies supervision booklet. Resolutions handbook dec 23, 2014 1 chapter 1 introduction each year, the fdic provides information and resources to a wide range of foreign and domestic parties interested in the fdics resolution experiences. As a bank examiner, you can help supervise banks across the countrywhether you are just getting started in your career or have years of experience. Doing business with the occ office of thrift supervision. Bank supervision process comptrollers handbook september.
The community bank supervision booklet serves as the primary guide to the occs overall supervision of community banks and should be used in conjunction with other booklets of the comptrollers handbook, as well as the ffiec information technology examination handbook and the. Occ report discusses risks facing national banks and. Throughout the garnishment of accounts containing federal benefit payments booklet, national banks. Occ report discusses risks facing national banks and federal. Webinar on occ updated guidance on risk assessment system. Background the office of the comptroller of the currency occ is responsible for the oversight and supervision of the national banking system.
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