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OCC BULLETIN 2010-29
To: Chief Executive Officers and Compliance Officers of All National Banks, Department and Division Heads, and All Examining Personnel

Description: Revised Examination Procedures

The Office of the Comptroller of the Currency (OCC) is issuing revised interagency consumer compliance examination procedures for Regulation DD (12 CFR 230). Regulation DD implements the Truth in Savings Act, 12 USC 4301 et seq.

The revised procedures reflect recent changes to Regulation DD requiring all financial institutions to disclose on periodic statements the aggregate dollar amounts charged for overdraft fees and for returned item fees (for the statement period and the year-to-date). Previously, only institutions that promoted or advertised the payment of overdrafts had to disclose aggregate amounts. These changes became effective January 1, 2010.

The procedures also reflect changes made to require financial institutions that provide account balance information through an automated system to provide a balance that does not include additional funds that may be made available to cover overdrafts.

The OCC electronically incorporated the procedures to the Depository Services booklet of the Comptroller's Compliance Handbook series at http://www.occ.gov/handbook/compliance.htm. The booklet was also updated to reflect access information to the most recent version of the OCC's Annual Percentage Yield verification software, APYWIN 2.1. This issuance replaces and rescinds OCC Bulletin 2008-33, which addressed changes to a prior version of the examination procedures.

Questions about Regulation DD and the Truth in Savings Act and these examination procedures may be directed to your supervisory office or the Compliance Policy Department at (202) 649-5470.


                       /signed/                    

Ann F. Jaedicke
Deputy Comptroller for Compliance Policy

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