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OCC Bulletin 2018-16
June 12, 2018
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Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties
The Federal Financial Institutions Examination Council today rescinded its revised policy statement on “Interagency Coordination of Formal Corrective Action by the Federal Bank Regulatory Agencies,” dated February 20, 1997.1 To ensure ongoing coordination, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (collectively, the federal banking agencies) are issuing this policy statement concerning their coordination of formal corrective action.
This guidance applies to all OCC-supervised institutions.
The interagency policy statement states that
Please contact William Jauquet, Assistant Director, or Jessica Burrell, Counsel, Enforcement and Compliance Division, at (202) 649-6200.
Acting Senior Deputy Comptroller and Chief Counsel
1 62 Fed. Reg. 7782 (February 20, 1997).