OCC updates examiner guidance on problem-bank supervision

A new “Problem Bank Supervision” booklet of the agency’s examiner guidance series was released Monday by the Office of the Comptroller of the Currency (OCC), replacing a booklet issued in January 2001.

The new booklet is part of the examination process series of the Comptroller’s Handbook, the OCC said in a bulletin. It replaces the January 2001 “An Examiner’s Guide to Problem Bank Identification, Rehabilitation, and Resolution” and incorporates OCC Bulletin 2018-33, “Prompt Corrective Action: Guidelines and Rescissions.”

Highlights of the booklet include:

  • information regarding timely identification and rehabilitation of problem banks and advanced supervision, enforcement, and resolution when conditions warrant;
  • a comprehensive discussion of the OCC’s authority under 12 CFR 6, “Prompt Corrective Action.”

The agency said the booklet also complements other booklets of the Comptroller’s Handbook and topical OCC and interagency issuances.

OCC Bulletin 2021-43