OCC Bulletin 2018-38 | October 15, 2018

Comptroller’s Handbook: Updated Booklets and Rescissions

To

Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies of Foreign Banking Organizations; Department and Division Heads; All Examining Personnel; and Other Interested Parties

Summary

The Office of the Comptroller of the Currency (OCC) today issued updates to the “Agricultural Lending,” “Oil and Gas Exploration and Production Lending,” and “Trade Finance and Services” booklets of the Comptroller’s Handbook, which are used by examiners in their examination and supervision of these areas.

Updates to Comptroller’s Handbook booklets are summarized in the “Table of Updates Since Publication” in the back of each booklet. Refer to the “Foreword” booklet of the Comptroller’s Handbook for more information regarding the OCC’s process for updating booklets.

Rescissions

The updated booklets replace the booklets of the same titles issued in January 2017 (“Agricultural Lending” and “Oil and Gas Exploration and Production Lending”) and April 2015 (“Trade Finance and Services”). Also rescinded are OCC Bulletin 2014-24, “Agricultural Lending: Comptroller’s Handbook Revision and Rescission”; OCC Bulletin 2016-9, “Oil and Gas Exploration and Production Lending: Revised Comptroller’s Handbook Booklet”; and OCC Bulletin 2015-26, “Trade Finance and Services: Revised Comptroller’s Handbook Booklet and Rescissions,” which transmitted publication of previous versions of each booklet.

Note for Community Banks

These booklets apply to the examination of all national banks, federal savings associations, and federal branches and agencies of foreign banking organizations engaged in agricultural lending, oil and gas exploration and production lending, and trade finance and services.

Highlights

The updated booklets

incorporate references to relevant OCC issuances published since these booklets were last issued.
reflect the integration of federal savings associations into certain regulations.
include clarifying edits regarding supervisory guidance, sound risk management practices, legal language, or the roles of the bank’s board or management.
revise certain content for general clarity.

Further Information

Contact the Commercial Credit Risk Policy Division at (202) 649-6670.

Grace E. Dailey
Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner