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Revised Comptroller’s Licensing Manual Booklet

January 19, 2017 / Source: OCC

OCC BULLETIN 2017-5
Subject: Conversions to Federal Charter
Date: January 19, 2017
To: Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties


Summary
The Office of the Comptroller of the Currency (OCC) issued today the “Conversions to Federal Charter” booklet of the Comptroller’s Licensing Manual. This revised booklet replaces the booklet titled “Conversions” issued in April 2010. The revised booklet incorporates conversion procedures and requirements updated after the Office of Thrift Supervision’s integration with the OCC on July 21, 2011, and revised regulations (12 CFR 5) that became effective July 1, 2015, addressing conversions to both national banks and federal savings associations.
Note for Community Banks
This booklet applies to all financial institutions converting to national banks or federal savings associations.
Highlights
This revised booklet

  • provides an overview of policies and decision criteria that the OCC considers when reviewing applications from financial institutions seeking to convert to national banks or federal savings associations.
  • provides guidance on application requirements and explains under which circumstances expedited reviews are granted.
  • explains the applicability of Home Owners’ Loan Act requirements, including qualified thrift lender and qualified thrift investments, to financial institutions converting to federal savings associations.
  • provides guidance on section 612 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which imposes restrictions on state-chartered banks or savings associations converting to national banks or federal savings associations.
  • updates references and web links to informational resources and sample forms and documents that applicants may find useful during the conversion process.

Further Information
Please contact Karen Marcotte, Manager for Licensing Activities, at (202) 649-6260.
 
Stephen A. Lybarger
Deputy Comptroller for Licensing

Related Link
•    "Conversions to Federal Charter" (PDF)