Date: January 31, 2019
Description: Updated Comptroller’s Licensing Manual Booklet
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