OCC BULLETIN 2014-40
Subject: Lease Financing
Date: August 12, 2014 To: Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties
Description: Comptroller's Handbook Revision and RescissionSummaryThe Office of the Comptroller of the Currency (OCC) issued today the “Lease Financing” booklet of the Comptroller’s Handbook. This updated booklet replaces a similarly titled booklet issued in January 1998. This booklet also replaces section 219, “Leasing Activities,” issued in June 1999 as part of the Office of Thrift Supervision’s (OTS) Examination Handbook for the examination of federal savings associations. This booklet provides an overview of the leasing business, its associated risks, and sound risk management processes. It also provides examiners with expanded examination procedures and other tools that can be utilized in supervisory activities that target this type of financing. HighlightsThe OCC’s “Lease Financing” booklet
With the issuance of this booklet, the following publication has been rescinded:
For further information, contact Grant Wilson, Director for Commercial Credit Risk, at (202) 649-6432. Jennifer C. Kelly Related Link
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