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OCC Bulletin 2013-31
November 6, 2013
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Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches of Foreign Banks; Department and Division Heads; All Examining Personnel; and Other Interested Parties
The Office of the Comptroller of the Currency (OCC) issued today the “Insider Activities” booklet of the Comptroller’s Handbook. This updated booklet replaces a similarly titled booklet issued in March 2006.
This updated booklet provides guidance for examiners and bankers on how national banks and federal savings associations (collectively, banks) may legally and prudently engage in transactions with insiders. The booklet explains how to implement risk management processes that provide for the appropriate control and monitoring of insider activities. It also explains how examiners review and assess insider activities during the supervisory process.
Major updates include the following:
This booklet applies to all banks. In accordance with the OCC’s supervision-by-risk approach, examiners generally use the core examination procedures, which can be found in the “Community Bank Supervision” booklet of the Comptroller’s Handbook. Examiners supplement the procedures in that booklet, as appropriate, with the updated procedures detailed in the “Insider Activities” booklet.
With the issuance of this bulletin, the following publications have been rescinded:
For further information, contact John Eckert, Director, Operational Risk and Core Policy at (202) 649-7163 or firstname.lastname@example.org, or (202) 649-6550.
John C. Lyons Jr.
Senior Deputy Comptroller and Chief National Bank Examiner