OCC Updates Comptroller’s Licensing Manual to Provide Revised Guidance on Branching and Relocation Procedures

Agency Rule-Making & Guidance OCC Licensing Comptroller's Licensing Manual

On November 15, the OCC released Bulletin 2017-54 announcing a revised version of its “Branches and Relocations” booklet (replacing the booklet of the same title issued in October 2009), which includes updates related to procedures and requirements for national banks and federal savings associations submitting branch or relocation applications. The booklet, which is part of the Comptroller’s Licensing Manual, covers:

• policies and criteria of general applicability, including the application and approval process; and
• specific policies and requirements unique to national banks and those unique to federal savings associations.

Reflected in the newly revised booklet are updates to procedures and regulations that have been implemented since 2009, including the integration of the Office of Thrift Supervision into the OCC and the issuance of revised regulation 12 C.F.R. § 5 that went into effect July 1, 2015.