OCC BULLETIN 2017-48
Subject: Bank Enforcement Actions and Related Matters
Date: October 31, 2017
To: Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties
Description: Updated Guidance
The Office of the Comptroller of the Currency (OCC) updated today its policies and procedures regarding bank enforcement actions and related matters. This policy is effective on December 1, 2017. The updates are reflected in the “Bank Supervision Process,” “Community Bank Supervision,” “Federal Branches and Agencies Supervision,” and “Large Bank Supervision” booklets of the Comptroller’s Handbook. The updates provide the agency with guidelines on consistent terminology, communication, format, follow-up, analysis, documentation, and reporting of bank enforcement actions.
The updated policies and procedures do not address civil money penalty actions or enforcement actions against individuals. Operating agreements and conditions imposed in the context of a bank’s licensing filing are also excluded from the scope of the updated policies and procedures.
This bulletin rescinds OCC Bulletin 2011-37, “Bank and Federal Savings Association Supervision Operation: Enforcement Action Policy,” issued September 9, 2011.
The OCC’s updated policies and procedures reflect the principles important in implementing the OCC’s mission of ensuring safe and sound bank operations. Here are the goals and practices the agency is implementing:
In December 2013, an international peer review report recommended that the OCC analyze the effectiveness of the agency’s process for handling matters requiring attention and consider, for example, developing controls to better manage the process. In October 2014, the OCC issued Bulletin 2014-52, “Matters Requiring Attention: Updated Guidance,” to address the report’s recommendations. The OCC determined that the agency could benefit from similar processes regarding enforcement actions.
The OCC’s analysis of its enforcement actions process sets the following objectives:
Banks should contact their OCC supervisory office or Large Bank examiner-in-charge with any questions.
Toney M. Bland
Grace E. Dailey
Grovetta N. Gardineer
Morris R. Morgan