OCC

Question 1

For what is the OCC responsible?

Answer 1

Regulating national banks.

Question 2

When was Dodd-Frank Wall Street Reform and Consumer Protection Act signed into law?

Answer 2

July 21, 2010

Question 3

What rating system does OCC use for banks?

Answer 3

The same used by other Federal Bank regulatory agencies: Uniform Financial Institutions Rating System CAMELS.

Ratings range from 1 to 5 with 1 being highest rating and least supervisory concern.

Question 4

What does the acronym CAMELS stand for?

Answer 4

The six component areas of a bank’s rating: Capital adequacy, Asset quality, Management, Earnings, Liquidity, and Sensitivity to market risk.

Ratings range from 1 to 5 with 1 being highest rating and least supervisory concern.

Question 5

What laws is the OCC responsible for enforcing?

Answer 5

Compliance with (7):

Legal lending limit
Restrictions on loans to insiders and transactions with affiliates

Equal Credit Opportunity Act
Bank Secrecy Act (BSA)
Anti-Money Laundering Program
Office of Foreign Assets Control
Community Reinvestment Act (CRA)

Question 6

What factors trigger enhanced regulatory restrictions?

Answer 6

Declines in composite or component CAMELS ratings

Decline in Prompt Corrective Action capital category

Coming subject to formal enforcement action

Question 7

What does the acronym OCC stand for?

Answer 7

The Office of the Comptroller of the Currency