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OCC Bulletin 2021-6
February 3, 2021
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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
On January 4, 2021, the Office of the Comptroller of the Currency (OCC) approved a proposed rule that would modify the requirements applicable to premises of national banks and federal savings associations (collectively, banks). The proposed rule would consolidate and modify the requirements for real estate used as premises. The deadline for comments on the proposed rule is March 20, 2021.
This proposed rule would apply to community banks.
The proposed rule would create general standards that the OCC will use in determining whether the acquisition and holding of real estate is necessary for the transaction of a bank's business.
Please contact Matthew Tynan, Counsel, Sarah Turney, Counsel, or Henry Barkhausen, Counsel, Chief Counsel's Office, at (202) 649-5490.
Jonathan V. Gould
Senior Deputy Comptroller and Chief Counsel