OCC BULLETIN 2018-9
Subject: Recovery Planning
Date: April 26, 2018
To: 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
Description: New Comptroller's Handbook Booklet
The Office of the Comptroller of the Currency (OCC) issued today the “Recovery Planning” booklet of the Comptroller’s Handbook. This new booklet, part of the “Safety and Soundness” category of the Comptroller’s Handbook, explains the purpose of effective recovery planning pursuant to 12 CFR 30, appendix E, “OCC Guidelines Establishing Standards for Recovery Planning by Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches.” The guidelines only apply to covered banks and have phased-in compliance periods culminating in July 2018.
A covered bank means any bank with average total consolidated assets
Contact Judi McCormick, Governance and Operational Risk Policy Analyst, at (202) 649-6550.
Grace E. Dailey