OCC Bulletin 2019-4| January 31, 2019
Subsidiaries and Equity Investments: Updated Comptroller’s Licensing Manual Booklet
Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties
On January 31, 2019, the Office of the Comptroller of the Currency (OCC) issued a revised “Subsidiaries and Equity Investments” booklet of the Comptroller’s Licensing Manual. The updated version of the booklet has been expanded to provide additional guidance describing activities of federal savings associations that the OCC, or a predecessor regulator1 of federal savings associations, has determined may be performed in operating subsidiaries and service corporations, or through pass-through investments.
Note for Community Banks
This booklet applies to all national banks and federal savings associations.
Please contact Karen Marcotte, Director for Licensing Activities, at (202) 649-6260.
Stephen A. Lybarger
Deputy Comptroller for Licensing