OCC BULLETIN 2012-17
Date: June 8, 2012
To: Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties
Description: Comptroller's Handbook Revisions and Rescissions
The Office of the Comptroller of the Currency (OCC) recently revised the “Liquidity” booklet of the Comptroller’s Handbook, which replaces a similarly titled booklet issued in February 2001. This revised booklet provides updated guidance to examiners and bankers on assessing the quantity of liquidity risk exposure and the quality of liquidity risk management. The major revisions to this booklet include the following:
In accordance with the OCC’s supervision-by-risk approach, examiners will generally use the liquidity core examination procedures, which can be found in the 2010 “Community Bank Supervision” booklet and the 2010 “Large Bank Supervision” booklet in the Comptroller’s Handbook. Examiners will supplement the procedures listed in these booklets, as appropriate, with the updated procedures detailed in the “Liquidity” booklet, for additional analysis of liquidity risk. With the issuance of this guidance, the following Office of Thrift Supervision guidance pertaining to liquidity risk is hereby rescinded:
The OCC’s “Funds Management” booklet of the Comptroller’s Handbook has also been rescinded, effective immediately. OCC Advisory Letter 2001-5, “Brokered and Rate-Sensitive Deposits,” has been rescinded, while the “Joint Agency Advisory on Brokered and Rate-Sensitive Deposits” has been incorporated into the “Liquidity” booklet as an appendix.