OCC BULLETIN 2017-16
Subject: Fiduciary Powers
Date: May 8, 2017
To: 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
Description: Revised Comptroller’s Licensing Manual Booklet
The Office of the Comptroller of the Currency (OCC) issued today the “Fiduciary Powers” booklet of the Comptroller’s Licensing Manual. This revised booklet replaces the booklet of the same title issued in June 2002. This booklet incorporates updated procedures and requirements following the integration of the Office of Thrift Supervision (OTS) into the OCC in 2011 and the issuance of revised regulations (12 CFR 5), effective July 1, 2015, that address applications for national banks and federal savings associations proposing to exercise fiduciary powers.
Note for Community Banks
This booklet applies to all national banks and federal savings associations.
The revised “Fiduciary Powers” booklet
Please contact Karen Marcotte, Manager for Licensing Activities, at (202) 649-6260.
Stephen A. Lybarger