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OCC Bulletin 2018-4
February 23, 2018
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Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties
The Office of the Comptroller of the Currency (OCC) published a final rule in the Federal Register today to implement several technical and conforming changes to the OCC’s Annual Stress Test regulation (12 CFR 46). The final rule changes the range of possible “as-of” dates used in the global market shock component to conform to changes recently made by the Board of Governors of the Federal Reserve System to its stress testing regulations. The final rule also changes the transition period for an institution that becomes an over $50 billion covered institution. Finally, the final rule makes certain technical changes to clarify the requirements of the OCC’s stress testing regulation.
The rule will be effective on March 26, 2018.
The annual stress test under section 165(i) of the Dodd–Frank Wall Street Reform and Consumer Protection Act applies only to national banks and federal savings associations with more than $10 billion in assets.
The final rule
Please contact Hein Bogaard, Lead Economic Expert, International Analysis and Banking Condition, (202) 649-5450; Andrew Tschirhart, Financial Analyst, Large Bank Supervision, (202) 649-6210; or Kari Falkenborg, Senior Financial Analyst, Midsize and Community Bank Supervision, (312) 917-5000.
Morris R. Morgan
Senior Deputy Comptroller for Large Bank Supervision