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News and Issuances

OCC 1995-5
To: Chief Executive Officers of all National Banks, Department and Division Heads, and all Examining Personnel

Description: Description of Interagency Policy Statement

BACKGROUND

This issuance is a supplement to Examining Circular 261, dated January 24, 1992. It revises the supervision of Multi-district Data Processing Servicers (MDPS) to include interim follow-up and/or visitations.

SUMMARY

Attached is the "Interagency Enhanced Supervision Program (ESP) for Multiregional Data Processing Servicers." This is a joint issuance of the Federal Financial Institutions Examinations Council (FFIEC). The program enhances the supervision of vendors in the MDPS program. It does this though a program of on-going supervision between on-site examinations.

ORIGINATION OFFICE

Office of the Chief National Bank Examiner Examination Process (202) 874-5190

Jimmy F. Barton
Chief National Bank Examiner

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