January 2011

Asset Management Operations and Controls

This publication is a part of:

Collection: Comptroller’s Handbook

Series: Asset Management

Overview

This booklet provides guidance applicable to core asset management operations functions and internal controls. Core operations functions include safeguarding assets, servicing securities, processing cash and securities transactions, maintaining internal controls, record keeping and reporting, and record retention.

Applicability

This booklet applies to the OCC's supervision of national banks and federal savings associations. For statutes, regulations, and guidance referenced in this booklet, consult those sources to determine applicability to federal savings associations. References to national banks in this booklet also generally apply to federal branches and agencies of foreign banking organizations. Refer to 12 USC 3102(b) and the "Federal Branches and Agencies Supervision" booklet of the Comptroller's Handbook for more information.