OCC Bulletin 2017-52 | November 9, 2017

Background Investigations: Revised Comptroller’s Licensing Manual Booklet

To

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

Summary

The Office of the Comptroller of the Currency (OCC) issued today the “Background Investigations” booklet of the Comptroller’s Licensing Manual, which revises the booklet of the same title issued in April 2009. The revised booklet incorporates updated procedures and requirements following the integration of the functions of the Office of Thrift Supervision into the OCC in 2011, and the issuance of revised regulations (12 CFR 5.51), which became effective July 1, 2015.

Note for Community Banks

This booklet applies to all national banks, federal savings associations, and federal branches and agencies of foreign banks.

Highlights

The OCC’s “Background Investigations” booklet

outlines requirements to notify the OCC when a national bank or federal savings association, or a federal branch or agency of a foreign bank, changes its directors or senior executive officers.
outlines documents required by the OCC to review the background of proposed bank directors and executive officers.
describes prerequisites for exceptions and waiving submission of required documents.