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OCC BULLETIN 2014-15
Subject: Oil and Gas Production Lending
Date: April 9, 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: New Comptroller's Handbook Booklet and Rescissions
The Office of the Comptroller of the Currency (OCC) issued today the “Oil and Gas Production Lending” booklet, which is new to the Comptroller’s Handbook. This booklet provides guidance on oil and gas production lending, including an overview of oil and gas markets, lending structures, types of reserves, associated risks, and supervisory expectations for risk management.
The “Oil and Gas Production Lending” booklet
With the issuance of this booklet, the following publications have been rescinded:
For further information, contact Grant Wilson, Director for Commercial Credit Risk, at (202) 649-6360.
John C. Lyons Jr.