OCC BULLETIN 2017-26
Subject: Failure Acquisitions
Date: August 3, 2017
To: Chief Executive Officers of all National Banks and Federal Savings Associations, 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 “Failure Acquisitions” booklet of the Comptroller’s Licensing Manual. This revised booklet replaces the “Failure Acquisitions” booklet issued in April 1998. The booklet sets forth the OCC’s policies and procedures for national banks and federal savings associations (collectively, banks) seeking to participate in the Federal Deposit Insurance Corporation’s (FDIC) process for resolving a failing insured depository institution (IDI).
Note for Community Banks
This guidance applies to all OCC-supervised banks.
This revised booklet
Please contact Karen Marcotte, Manager for Licensing Activities, at (202) 649-6260.
Stephen A. Lybarger