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    OCC Issues Booklets on Regulatory Reporting and Earnings

    September 22, 2021

    The Office of the Comptroller of the Currency (OCC) issued Versions 1.0 of the "Earnings" and "Regulatory Reporting" booklets of the Comptroller's Handbook. These booklets are prepared for use by OCC examiners in connection with their examination and supervision of national banks, federal savings associations, and federal branches and agencies of foreign banking organizations. The revised "Regulatory Reporting" booklet replaces and rescinds the March 1990 version of the "Review of Regulatory Reports" while the revised "Earnings" booklet replaces and rescinds the March 1990 version of the "Analytical Review of Income and Expense" booklet.

    The Regulatory Reporting booklet provides information for examiners on common financial regulatory reports, including the Call Reports and other Federal Financial Institutions Examination Council financial reports. It provides guidance to examiners on how to determine the materiality of a misstatement in a regulatory report and when a refiling might be required. It also discusses sound risk management principles for regulatory reporting, including appropriate board oversight as well as sufficient policies, procedures, personnel, and control systems. Finally, it provides examiners with procedures for assessing regulatory reporting activities of a bank.

    The Earnings booklet supplements the earnings core assessments and provides examiners with expanded procedures to use when reviewing earnings for a specific line of business or the bank as a whole. It also provides information on how to complete an earnings analysis, highlights key earnings ratios, and the components that make up those ratios, in addition to discussing other factors to consider when reviewing earnings performance of a bank. Additionally, it discusses sound risk management principles, including appropriate planning, budgeting, and forecasting processes, to ensure that earnings are sufficient to maintain adequate capital and reserves.

     

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    Keywords: Americas, US, Banking, Reporting, Comptroller Handbook, Call Reports, FFIEC 031/041/051, Basel, Operational Risk, Internal Controls, Governance, OCC

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