OCC

Revision of small and intermediate small bank and savings association asset thresholds. The OCC announced its Federal Register publication of revisions to its Community Reinvestment Act regulations that became effective January 18, 2017. The revisions adjust the asset-size threshold amounts used to define “small bank,” “small savings association,” “intermediate small bank,” and “intermediate small savings association.” The rulemaking adjusts the threshold amounts based on the annual percentage change in a measure of the consumer price index. (1/19/2017)

Revised Comptroller’s Licensing Manual booklet. The OCC announced that it has issued the “Conversions to Federal Charter” booklet of the Comptroller’s Licensing Manual. (1/19/2017)

Web-based system for licensing and public welfare investment filings. The OCC announced that it has launched its Central Application Tracking System, a new web-based system for banks to file licensing and public welfare investment applications and notices. (1/17/2017)

Agencies extend comment period for ANPR on enhanced cyber risk management standards. The Federal Reserve Board, the OCC, and the FDIC announced that they have extended until February 17, 2017, the comment period for the advance notice of proposed rulemaking on enhanced cyber risk management standards for large and interconnected entities under their supervision and those entities’ service providers. The agencies are considering five categories of cyber standards: cyber risk governance; cyber risk management; internal dependency management; external dependency management; and incident response, cyber resilience, and situational awareness. Comments were originally due by January 17, 2017. (1/13/2017)

Revised Management Interlocks Booklet. The OCC announced its issuance of the “Management Interlocks” booklet of the Comptroller’s Licensing Manual. The revised booklet incorporates updated requirements following the integration of the Office of Thrift Supervision into the OCC in 2011 and clarifies guidance for both national banks and federal savings associations. (1/12/2017)

OCC to host risk governance, compliance workshops in Miami. The OCC announced that it will be hosting two workshops at the Miami Marriott Dadeland, February 7-8, for directors of national community banks and FSAs supervised by the OCC. The Risk Governance workshop will be held on February 7th and the Compliance Risk workshop will be held on February 8th. (1/12/2017)

Federal Reserve

Finalized rule adjusts Board’s maximum civil money penalties. The Board announced that it has finalized a rule adjusting the Board’s maximum civil money penalties. The final rule increases the maximum civil money penalty limits for 2017 by the amount required by law. The new penalty amounts were effective on January 15, 2017. (1/18/2017)