Attachment. examination. programs and annual certifications.

Select the examination procedure name to view it online, select the Word (.docx) to download the procedure, or check the individual procedure checkboxes to download a combined document with the procedures selected.

The Office of the Comptroller of the Currency's (OCC) Comptroller's Handbook is prepared for use by OCC examiners in connection with their examination and supervision of national banks, federal savings associations, and federal branches and federal agencies of foreign banking organizations (collectively, banks). Risk Management Manual of Examination Policies Complete Manual - ZIP (20MB) Current Year Updates: . Scroll down to the bottom of the page . Commercial Bank Examination Manual.

Part 30 App. What is a bank examination? FFIEC BSA/AML Examination Manual 1 November 2021 .

The relevant examination procedures sections (i.e., section number ending with ".3") will contain a link to the ED modules page on the Board's website and a listing of ED module titles related to the section.

FFIEC BSA/AML Examination Manual 1 March 2020 BSA/AML INDEPENDENT TESTING Objective: .

Examination and Supervision Guidance. These requirements establish minimum frequencies and scopes for examinations, known as the "supervisory cycle." Two basic examination types: 1. 12 CFR 353 (FDIC); 12 CFR 748.1(c) (NCUA); 12 CFR 21.11 and 12 CFR 163.180 (OCC); and 31 CFR 1020.320 (FinCEN). FDIC Compliance Manual (June 2009) . Examiner's GuideBank Safety and Soundness Regulatory ServiceTrust Department Policies and ProceduresCrisis and ResponseBanking . More than 200 policies and procedures The RM Manual also provides that, for newly-chartered institutions, examiners will conduct limited-scope examinations (visitations) within the first 6 months of . For recommendations 2 and 4, DSC agreed to review its examination guidance and by September 30, 2007, issue revised guidance . FFIEC BSA/AML Examination Manual 1 March 2020 BSA/AML INDEPENDENT TESTING Objective: . The Office of Credit Unions (OCU) provides this Exam Manual as a resource for its staff to use in the supervision of credit unions. ( a) General standards.

OCC Safety and Soundness Standards, 12 C.F.R. Examiners rank the bank in the following six categories. June 2020 . Safety and Soundness Ofce of the Comptroller of the Currency Washington, DC 20219 Comptroller's Handbook Management Activities (M) Earnings (E) Liquidity (L) SensitivityCapital to Market Risk (S) Other (O) Asset Quality (A) Adequacy (C) A-IL Installment Lending Version 1.0, February 2016 Version 1.1, June 16, 2016 Version 1.2, January 6, 2017 Safety and Soundness Each safety and soundness examination has an on-site component, consistent with the requirements of Section 10(d) of the Federal Deposit Insurance Act. (Federal Reserve); 12 CFR 353 (FDIC); 12 CFR 748.1(c) (NCUA); . The main objective of the supervisory process is to evaluate the overall safety and soundness of the banking organization. Soundness Supervision (4/2021) 20.1-4 Federal Deposit Insurance Corporation Tailor the examination request list and scope to the unique risk profile and business model of the institution. The Minnesota Department of Commerce regulates state-chartered financial institutions. References to national banks in this booklet also generally apply to federal branches and agencies of foreign banking organizations. Further, the FDIC's safety and soundness examination and compliance examination guidance addresses many, but not all of the potentially predatory lending characteristics that our research identified. The IT examination is generally conducted in coordination with safety and soundness examinations.

Intended as guidance for planning and conducting bank examinations. The guide is specifically addressed to examiners, and assists in the scoping process, on- and off-site supervision contacts, and more. and availability of information and is essential to the overall safety and soundness of an institution. Examiners should determine whether the independent testing sufficiently . Presents examination objectives and procedures that Federal Reserve System examiners follow in evaluating the safety and soundness of state member banks. Refer to 12 USC 3102 (b) and the "Federal Branches and Agencies Supervision" booklet of the Comptroller's Handbook . The FDIC Compliance Exam Manual includes essential contract elements. For examinations of TSPs designated as Independent Data Centers (IDCs), [ 4 ] DSC policy directs the use of guidance issued by the FDIC and the other federal banking agencies that are members of the Federal Financial Institutions Examination . FDIC, FinCEN, NCUA, and OCC,October 3, 2018. . If a credit union fails to establish a security program meeting the regulatory objectives, the NCUA Board could 1. The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system.

Per the FDIC's Risk Management Supervision (RMS) Manual of Examination Policies, Section 21.1 Examination Planning,2 during the examination planning stage, the FDIC Federal Deposit Insurance Corporation Office of the Comptroller of the Currency National Credit Union Administration State Financial Regulators Interagency Examiner Guidance . Last update: May 2022. The Manual provides broad, general guidance to examiners regarding the scoping process, on- and off-site supervision contacts, and more. Branches and Agencies of Foreign Banking Organizations Describes general policies and procedures to be used in conducting examinations of the U.S. branches and agencies of foreign banking organizations. FFIEC BSA/AML Examination Manual 1 November 2021 . 211.24(f), and 225.4(f) (Federal Reserve); 12 CFR 353 (FDIC); 12 CFR 748.1(c) (NCUA); 12 CFR 21.11 and 12 CFR 163.180 (OCC); and 31 CFR 1020.320 (FinCEN). The Manual does not impose specific legislative requirements on credit unions . The following are the key areas your financial institution's management should give some attention before an upcoming bank examination focused on asset quality or safety and soundness in your institutions loan portfolio. Safety and Soundness Ofce of the Comptroller of the Currency Washington, DC 20219 Comptroller's Handbook Management Activities (M) Earnings (E) Liquidity (L) SensitivityCapital to Market Risk (S) Other (O) Asset Quality (A) Adequacy (C) A-RRE Residential Real Estate Version 1.0, June 2015 Version 1.1, June 16, 2016 Version 1.2, January 6, 2017 D, II.L. manual as a guide, the trust officer can avoid costly mistakes and common compliance violations. This review will take place during safety and soundness examinations for federal credit unions and within the established oversight procedures for state-chartered, federally-insured credit unions. Analytical cookies help us improve our website by providing insight on how visitors interact with our site, and necessary cookies which the website needs to function properly. The nation's banking system is only as safe and sound as the banks within the system. FDIC, Risk Management Manual of Examination Policies, Section 4.3 . Risk Management Manual of Examination Policies Bank Secrecy Act / Anti-Money Laundering (BSA/AML) Accounting Corporate Governance and Auditing Programs Guide to the Interagency Country Exposure Review Committee Process - PDF The agencies believe that the standards adopted in these Guidelines serve this end without dictating how institutions must be managed and operated. Full-scope, on-site review of bank. a bank examination will allow the best possible exam result.

Formal and Informal Enforcement Actions Manual provides information about formal and informal corrective actions used to address weak operating practices, deteriorating financial condition, or other actionable misconduct Other Resources Supplemental information and guidance related to safe and sound banking operations. What is a bank examination? More than a check list of must-haves in a written agreement, these are the items that should be easy to understand and track. Part 30 App. The FDIC and the other FBAs issued the Revised Bank Secrecy Act/Anti-Money Laundering Examination Manual in July 2006, which provides additional OFAC examination guidance and addresses aspects of recommendations 2 and 3.

SR 94-3 provides detailed instructions for a preliminary review of management and auditor reports by reserve bank personnel. View the FFIEC Bank Secrecy Act/Anti-Money Laundering Manual Independent Automated Teller Machine Owners or Operators page under the Risks Associated with Money Laundering and Terrorist Financing section. The potential adverse effects can arise from the following: In support, FDIC cited a memorandum to regional offices regarding strategies for identifying the root causes of deficiencies; training materials for examiners and case managers on root cause analysis; and, a new section in its Manual of Examination Policies on risk-focused, forward-looking safety and soundness supervision. promote an understanding of these terms, exam-iners should include denitions of MRIAs and MRAs in all supervisory documents communi-cating supervisory ndings.2 When included in a safety-and-soundness examination or inspection report, MRIAs and MRAs should be listed in the ''Matters Requiring Attention'' section. The Commercial Bank Examination Manual presents examination objectives and procedures that Federal Reserve System examiners follow in evaluating the safety and soundness of state member banks. These requirements establish minimum frequencies and scopes for examinations, known as the "supervisory cycle." Two basic examination types: 1. Communications. Pursuant to section 39, this part establishes safety and soundness standards by guideline. Consumer Compliance Exam Manual The Division of Credit Unions (DCU) periodically conducts standalone Consumer Compliance Examinations at credit unions with total assets over $500 million.

Introduction - Customers. for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Institutions . The following Guidelines set out the safety and soundness standards that the agencies use to identify and address problems at insured depository institutions before capital becomes impaired. There may be supervisory expectations for other reasons, such as safety and soundness standards, corporate governance, bank-specific enforcement actions and conditions for . such as safety and soundness standards, . FRB GAO FRB GAO FRB 6. Examination Manual for U.S. This website uses cookies. Section 39 of the Federal Deposit Insurance Act requires the Federal Deposit Insurance Corporation to establish safety and soundness standards. Banks are issued points from 1 to 5, where 1 is the highest rating and 5 is the lowest. The NCUA Examiner's Guide is a resource for use in the supervision of credit unions. 11 See the Federal Financial Institutions Examination Council Bank Secrecy Act/Anti-Money Laundering Examination Manual (Manual) at https://bsaaml.ffiec.gov/manual. Title: BSA/AML Independent Testing - 508 Author: requirements or safety and soundness standards can expose the bank and its insiders to serious consequences, including enforcement action. D, II.L. - The OCC has further commented that the "safety and soundness order process should generally only be used when the problems or weaknesses are narrow in scope and correctable" and when the regulator is "confident in the board and management's The OCC examines national banks pursuant to the authority conferred by 12 USC 481 and the requirements of 12 USC 1820 (d). The subsections within Risks Associated with Money Laundering and Terrorist Financing (ML/TF) provide information and considerations that may indicate the need for bank policies, procedures, and processes to address potential ML/TF and other illicit financial activity risks related to certain products, services, customers, and geographic locations. This statement emphasizes the risk-focused approach to BSA/AML supervision that is based on the BSA/AML laws and regulations, and has long been embedded in the Manual. Risk-Focused, Forward-Looking Safety and Soundness Supervision . In the Updated periodically Entire manual (8.0 MB PDF) Manual by Section Each bank is different and may present specific issues. Credit Risk arises from the potential that a borrower or counterparty will fail to perform on an obligation.. Market Risk is the risk to a financial institution's condition resulting from adverse movements in market rates or prices, such as interest rates, foreign exchange rates, or equity prices. Intended as guidance for planning and conducting bank examinations.

overall conclusion that its examinations did not fully assess bank safety and soundness. FRB stated its examination philosophy of annual full scope examinations with thorough asset quality reviews was sufficient to assess bank risk and has proven effective. The guidance provided in the guide may not necessarily be appropriate for every situation. the subject matter expertise, qualifications, and independence of the person or persons performing the independent testing.

FOREWORD This manual's Foreword was updated to explain that relevant examination procedures . The main objective of the supervisory process is to evaluate the overall safety and soundness of the banking organization. Examination and Supervision Guidance. The FFIEC members have, in the past, taken a number of steps to enhance the efficiency of the safety and soundness examination process, including: Moving from a one-size-fits-all examination process to a risk-based approach that tailors examinations to the size, complexity, risk profile, and business model of each institution; and . This booklet applies to the OCC's supervision of national banks and federal savings associations. Information security exists to provide protection from malicious and non-malicious actions that increase the risk of adverse effects on earnings, capital, or enterprise value. The OCC examines national banks pursuant to the authority conferred by 12 USC 481 and the requirements of 12 USC 1820 (d).

. An insider who, knowingly or unknowingly, violates any banking law or regulation, engages in an unsafe or unsound banking practice, or breaches a fiduciary duty may be subject to civil money penalties and a Emergency Closings Related to COVID-19, Banks (.pdf)

Procedures that provide guidance to examiners for carrying out BSA/AML and OFAC examinations.