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OCC BULLETIN 2014-46
To: General Managers of all Federal Branches and Agencies, Department and Division Heads, All Examining Personnel, and Other Interested Parties

Description: Revised Comptroller's Handbook Booklet

Summary

The Office of the Comptroller of the Currency (OCC) issued today the “Federal Branches and Agencies Supervision” booklet of the Comptroller's Handbook, which revises the booklet of the same title issued in December 1999.

Highlights

The OCC’s “Federal Branches and Agencies Supervision” booklet

  • provides updated guidance and examination procedures to examiners and bankers concerning the supervision of federal branches and agencies.
  • highlights special considerations arising from legal and operational structures that differentiate federal branches and agencies from national banks.
  • explains the OCC’s supervisory process for federal branches and agencies in the context of the OCC’s participation in the interagency framework for supervising U.S. branches and agencies of foreign banks.
  • addresses OCC Bulletin 2013-29, “Third-Party Relationships: Risk Management Guidance” (October 30, 2013).
  • addresses the new “Enhanced Prudential Standards for Foreign Banking Organizations” rule required by section 165 of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010.

Note for Community Banks

This booklet does not apply to community banks.

Background

The OCC’s revised “Federal Branches and Agencies Supervision” booklet is a comprehensive update of guidance and examination procedures. Recently, the Board of Governors of the Federal Reserve System issued “Enhanced Prudential Standards for Foreign Banking Organizations.” Federal branches and agencies may be subject to certain requirements of the rule.

For further information, contact Teresa Rutledge, Director for International Banking Supervision at (202) 649-6819.

 

Martin Pfinsgraff
Senior Deputy Comptroller for Large Bank Supervision

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