July 23, 2018

OCC issued the “Capital and Dividends” booklet of the Comptroller’s Handbook. The revised booklet presents the regulatory capital framework and discusses the regulatory capital rules that define regulatory capital and establish minimum capital standards. The booklet also provides guidance to examiners for assessing banks’ capital adequacy and compliance with capital and dividend regulations.

The revised booklet reflects changes to the regulatory capital rule and reflects the integration of the Office of Thrift Supervision into OCC. It includes expanded examination procedures for capital, dividends, and capital adequacy, along with an internal control questionnaire and verification procedures. Additionally, the revised booklet incorporates the information in OCC Bulletin 2012-16, titled “Capital Planning: Guidance for Evaluating Capital Planning and Adequacy.” The revised booklet rescinds and replaces the “Capital Accounts and Dividends” booklet, which was issued in August 1991 (narrative) and March 1998 (procedures), along with the following:

  • Examining Bulletin 1992-4, “Risk-Based Capital Guidance” (June 29, 1992)
  • OCC Bulletin 2012-16, “Capital Planning: Guidance for Evaluating Capital Planning and Adequacy” (June 7, 2012)
  • Office of Thrift Supervision Examination Handbook 110, “Capital Stock and Ownership” (December 2003)
  • Office of Thrift Supervision Examination Handbook 120, “Capital Adequacy” (September 2010)

The Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCP Act), signed into law on May 24, 2018, requires the OCC, FDIC, and FED to make certain changes to the capital framework. The agencies are working jointly to amend their regulations to incorporate the Act’s changes. On July 06, 2018, the agencies issued the “Interagency Statement Regarding the Impact of the Economic Growth, Regulatory Relief, and Consumer Protection Act,” setting out the positions they will take while making regulatory changes.

 

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Keywords: Americas, US, Banking, Comptroller Handbook, Regulatory Capital Framework, EGRRCP Act, OCC

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