On August 23, the OCC released OCC Bulletin 2017-30 announcing a new booklet to address filing policies and requirements pertaining to substantial asset and charter purpose changes for OCC-supervised national banks and federal savings associations. The “Substantial Asset Changes, Including Changes in Charter Purpose” booklet, which is part of the Comptroller’s Licensing Manual, provides, among other things:

  • an overview of asset changes requiring an application;
  • filing exceptions;
  • the OCC’s decision criteria;
  • the required contents of an application and application process; and
  • references and links to informational resources.