OCC ‘Recovery Planning’ supervisory booklet updated; applies to largest, most complex banks

A supervisory booklet that outlines effective recovery planning for banks under rules of the Office of the Comptroller of the Currency (OCC) has been updated and rescinds Version 1.0 issued in April 2018, the OCC said in a bulletin issued Friday.

The “Recovery Planning” booklet of the Comptroller’s Handbook explains effective recovery planning pursuant to 12 CFR 30, appendix E, “OCC Guidelines Establishing Standards for Recovery Planning by Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches.”

The OCC, in its Bulletin 2019-13 (“Updated Comptroller’s Handbook Booklet and Rescissions”), says booklet updates are summarized in the “Table of Updates Since Publication,” located in the back of the booklet. With the issuance of this booklet, Version 1.0 of the “Recovery Planning” booklet issued on April 26, 2018, and OCC Bulletin 2018-9, “Recovery Planning: New Comptroller’s Handbook Booklet,” are rescinded, the agency said.

The updates to the booklet incorporate revisions to the enforceable guidelines relating to recovery planning standards for covered national banks, federal savings associations, and federal branches, which:

  • increase the average total consolidated assets threshold for applying the guidelines to banks from $50 billion to $250 billion; and
  • decrease from 18 months to 12 months the time within which a bank should comply with the guidelines after the bank first becomes subject to the guidelines.

The OCC said it amended its enforceable guidelines relating to recovery planning standards on Dec. 27, 2018, to limit the application of the guidelines to the largest, most complex banks, providing regulatory burden relief to smaller, less complex banks.

Covered banks include those with average total consolidated assets of $250 billion or more; those with less than $250 billion, if the bank was previously a covered bank (unless OCC determines otherwise); and those with less than $250 billion if the OCC determines that the bank is highly complex or otherwise presents a heightened risk that warrants application of the recovery planning guidelines pursuant to paragraph 1.C.1.a of 12 CFR 30, appendix E.

OCC Bulletin 2019-13

Recovery Planning booklet