FOR IMMEDIATE RELEASE
February 27, 2001
Contact: Robert M. Garsson
OCC Publishes Guide to Aid in Identification of Problem Banks
WASHINGTON — The Office of the Comptroller of the Currency this week published a guide intended to help examiners identify problem banks and assist in their rehabilitation or resolution.
"One of the most challenging and important aspects of a bank examiner's job is knowing how to read and react, in a balanced and effective way, to symptoms of problems that may not yet be obvious to bank directors and management," said Comptroller of the Currency John D. Hawke, Jr., in a letter accompanying the booklet.
"Yet this should always be our objective — prompting early remedial action so that a bank's ability to serve its customers is not adversely affected," Mr. Hawke added.
The guide, while written for examiners, is being published by the OCC because the material contained in the 156-page book will also be useful to bankers and others with an interest in the banking system.
An Examiner's Guide to Problem Bank Identification, Rehabilitation, and Resolution contains information on a variety of topics important to examiners, including material on:
"The OCC is committed to bank supervision policies and procedures that support prompt detection and mitigation of problems before they affect bank viability," Mr. Hawke said. "In this way, banks will have the maximum opportunity to resolve their own problems."
An Examiner's Guide to Problem Bank Identification, Rehabilitation, and Resolution is available on the OCC Web site at http://www.occ.treas.gov/prbbnkgd.pdf. Hard copies my be ordered using the form available on the OCC Web site at http://www.occ.treas.gov/publsta.htm or by sending a written request and a check for $15 payable to the Comptroller of the Currency to:
Comptroller of the Currency
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