OCC BULLETIN 2014-57
Subject: Federal Branches and Agencies
Date: November 19, 2014
To: General Managers of All Federal Branches and Agencies, Department and Division Heads, All Examining Personnel, and Other Interested Parties
Description: Revised Comptroller's Licensing Manual Booklet
The Office of the Comptroller of the Currency (OCC) issued today the "Federal Branches and Agencies" booklet of the Comptroller’s Licensing Manual, which revises the booklet of the same title issued in December 1999. This is the first booklet of the manual revised since the Office of Thrift Supervision’s integration into the OCC in 2011.
Note for Community Banks
This booklet does not apply to licensing activities of national banks or federal savings associations.
The OCC’s "Federal Branches and Agencies" booklet
- reflects amendments in 2003 to the International Banking Act and the OCC’s revisions to the implementing regulation found in 12 CFR 28.
- includes policy considerations for conversions of state-licensed branches and agencies to federal licenses, complementing the recently published "Federal Branches and Agencies Supervision" booklet of the Comptroller’s Handbook and “The OCC’s Approach to Federal Branch and Agency Supervision” report.
- incorporates applicable regulatory changes that address expedited approvals for establishments and relocations and elimination of agreements for deposit-taking by limited federal branches.
- adds discussion of new activities and operations permitted for federal branches and agencies, including loan production offices, operating subsidiaries, and noncontrolling investments.
Please contact Beverly Evans, Director for Licensing Activities, at (202) 649-6260.
Stephen A. Lybarger
Deputy Comptroller for Licensing