12 C.F.R. Subpart A—Organization and Functions
Title 12 - Banks and Banking
This subpart describes the organization and functions of the Office of the Comptroller of the Currency (OCC), and provides the OCC's principal addresses. The OCC supervises and regulates national banks and Federal branches and agencies of foreign banks by examining these institutions to determine compliance with applicable laws and regulations; approving or denying applications for new charters or for changes in corporate or banking structure; approving or denying activities; taking supervisory or enforcement actions; appointing receivers and conservators; and issuing rules and regulations applicable to these institutions, their subsidiaries, and affiliates. The Comptroller of the Currency (Comptroller), as head of the OCC, is responsible for all OCC programs and functions. The Comptroller is appointed by the President, by and with the advice and consent of the Senate, for a term of five years. The Comptroller serves as a member of the board of the Federal Deposit Insurance Corporation, a member of the Federal Financial Institutions Examination Council, and a member of the board of the Neighborhood Reinvestment Corporation. The Comptroller is advised and assisted by OCC staff, who perform the duties and functions that the Comptroller directs. The Washington office of the OCC is the main office and headquarters of the OCC. The Washington office directs OCC policy, oversees OCC operations, and is responsible for the direct supervision of certain national banks, including the largest national banks (through its Multinational Banking Department) and other national banks requiring special supervision. The Washington office is located at 250 E Street, SW, Washington, DC 20219. (a) District offices. Each district office of the OCC is responsible for the direct supervision of the national banks and Federal branches and agencies of foreign banks in its district, with the exception of the national banks supervised by the Washington office. The six district offices cover the United States, Puerto Rico, the Virgin Islands, Guam, and the Northern Mariana Islands. The office address and the geographical composition of each district follows: (b) Field offices and duty stations. Field offices and duty stations support the bank supervisory responsibilities of the district offices. (a) General. The OCC examines national banks pursuant to authority conferred by 12 U.S.C. 481 and the requirements of 12 U.S.C. 1820(d). The OCC is required to conduct a full-scope, on-site examination of every national bank at least once during each 12-month period. (b) 18-month rule for certain small institutions. The OCC may conduct a full-scope, on-site examination of a national bank at least once during each 18-month period, rather than each 12-month period as provided in paragraph (a) of this section, if the following conditions are satisfied: (1) The bank has total assets of $250 million or less; (2) The bank is well capitalized as defined in part 6 of this chapter; (3) At the most recent examination, the OCC found the bank to be well managed; (4) At the most recent examination, the OCC assigned the bank a composite rating of 1 or 2 under the Uniform Financial Institutions Rating System (copies are available at the addresses specified in §4.14); (5) The bank currently is not subject to a formal enforcement proceeding or order by the FDIC, OCC, or Federal Reserve System; and (6) No person acquired control of the bank during the preceding 12-month period in which a full-scope, on-site examination would have been required but for this section. (c) Authority to conduct more frequent examinations. This section does not limit the authority of the OCC to examine any national bank as frequently as the agency deems necessary. [63 FR 16380, Apr. 2, 1998] (a) General. The OCC examines Federal agencies and Federal branches (as these entities are defined in §28.11 (h) and (i), respectively, of this chapter) pursuant to the authority conferred by 12 U.S.C. 3105(c)(1)(C). Except as noted in paragraph (b) of this section, the OCC will conduct a full-scope, on-site examination of every Federal branch and agency at least once during each 12-month period. (b) 18-month rule for certain small institutions—(1) Mandatory standards. The OCC may conduct a full-scope, on-site examination at least once during each 18-month period, rather than each 12-month period as provided in paragraph (a) of this section, if the Federal branch or AGENCY: (i) Has total assets of $250 million or less; (ii) Has received a composite ROCA supervisory rating (which rates risk management, operational controls, compliance, and asset quality) of 1 or 2 at its most recent examination; (iii) Satisfies the requirements of either the following paragraph (b)(1)(iii) (A) or (B): (A) The foreign bank's most recently reported capital adequacy position consists of, or is equivalent to, Tier 1 and total risk-based capital ratios of at least 6 percent and 10 percent, respectively, on a consolidated basis; or (B) The branch or agency has maintained on a daily basis, over the past three quarters, eligible assets in an amount not less than 108 percent of the preceding quarter's average third party liabilities (determined consistent with applicable federal and state law), and sufficient liquidity is currently available to meet its obligations to third parties; (iv) Is not subject to a formal enforcement action or order by the Federal Reserve Board, the Federal Deposit Insurance Corporation, or the OCC; and (v) Has not experienced a change in control during the preceding 12-month period in which a full-scope, on-site examination would have been required but for this section. (2) Discretionary standards. In determining whether a Federal branch or agency that meets the standards of paragraph (b)(1) of this section should not be eligible for an 18-month examination cycle pursuant to this paragraph (b), the OCC may consider additional factors, including whether: (i) Any of the individual components of the ROCA rating of the Federal branch or agency is rated “3” or worse; (ii) The results of any off-site supervision indicate a deterioration in the condition of the Federal branch or agency; (iii) The size, relative importance, and role of a particular office when reviewed in the context of the foreign bank's entire U.S. operations otherwise necessitate an annual examination; and (iv) The condition of the foreign bank gives rise to such a need. (c) Authority to conduct more frequent examinations. Nothing in paragraph (a) or (b) of this section limits the authority of the OCC to examine any Federal branch or agency as frequently as the OCC deems necessary. [63 FR 46120, Aug. 28, 1998, as amended at 64 FR 56952, Oct. 22, 1999]
Title 12: Banks and Banking
PART 4—ORGANIZATION AND FUNCTIONS, AVAILABILITY AND RELEASE OF INFORMATION, CONTRACTING OUTREACH PROGRAM, POST-EMPLOYMENT RESTRICTIONS FOR SENIOR EXAMINERS
Subpart A—Organization and Functions
§ 4.1 Purpose.
§ 4.2 Office of the Comptroller of the Currency.
§ 4.3 Comptroller of the Currency.
§ 4.4 Washington office.
§ 4.5 District and field offices.
------------------------------------------------------------------------ Geographical District Office address composition------------------------------------------------------------------------Northeastern.............. Office of the Connecticut, Comptroller of the Delaware, District Currency, 1114 of Columbia, Maine, Avenue of the Maryland, Americas, Suite Massachusetts, New 3900, New York, NY Hampshire, New 10036. Jersey, New York, Pennsylvania, Puerto Rico, Rhode Island, Vermont, Virgin IslandsSoutheastern.............. Office of the Alabama, Florida, Comptroller of the Georgia, Currency, Marquis Mississippi, North One Tower, Suite Carolina, South 600, 245 Peachtree Carolina, Tennessee, Center Ave., NE, Virginia, West Atlanta, GA 30303. VirginiaCentral................... Office of the Illinois, Indiana, Comptroller of the Kentucky, Michigan, Currency, One Ohio, Wisconsin Financial Place, Suite 2700, 440 South LaSalle Street, Chicago, IL 60605.Midwestern................ Office of the Iowa, Kansas, Comptroller of the Minnesota, Missouri, Currency, 2345 Grand Nebraska, North Ave., Suite 700, Dakota, South Dakota Kansas City, MO 64108.Southwestern.............. Office of the Arkansas, Louisiana, Comptroller of the New Mexico, Currency, 1600 Oklahoma, Texas. Lincoln Plaza, 500 N. Akard Street, Dallas, TX 75201.Western................... Office of the Alaska, Arizona, Comptroller of the California, Currency, 50 Fremont Colorado, Guam, Street, Suite 3900, Hawaii, Idaho, San Francisco, CA Montana, Nevada, 94105. Northern Mariana Islands, Oregon, Washington, Wyoming, Utah.------------------------------------------------------------------------
§ 4.6 Frequency of examination of national banks.
§ 4.7 Frequency of examination of Federal agencies and branches.
