OCC Bulletin 2020-80| September 9, 2020
Federal Branches and Agencies: Revised Comptroller's Licensing Manual Booklet
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
The Office of the Comptroller of the Currency (OCC) issued today the "Federal Branches and Agencies" booklet of the Comptroller’s Licensing Manual, which revises and replaces the booklet of the same title issued in October 2019. The revised booklet makes clarifications and updates to the OCC's policies and processes regarding the establishment, operations, and other corporate activities of federally licensed offices of foreign banks, which include federal branches, limited federal branches, and federal agencies. The booklet does not address subsidiaries of foreign banks, which are covered in the “Related Organizations" booklet of the Comptroller's Handbook.
Note for Community Banks
This booklet does not apply to licensing activities of national banks or federal savings associations.
The revised "Federal Branches and Agencies" booklet
- clarifies various notice and application filing requirements and processes.
- updates decision factors and criteria.
- removes all internal licensing procedures.
- makes other minor modifications throughout.
Please contact Karen Marcotte, Director for Licensing Activities, at (202) 649-6260.
Stephen A. Lybarger
Deputy Comptroller for Licensing