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OCC Bulletin 2020-64
June 23, 2020
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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
The four federal financial institution regulatory agencies1 and state bank and credit union regulators today issued examiner guidance to outline the supervisory principles for assessing banks' safety and soundness given the ongoing impact of the coronavirus disease (COVID-19) pandemic.2
The interagency guidance applies to the Office of the Comptroller of the Currency's (OCC) supervision of community banks.
The interagency examiner guidance
Please contact your supervisory office or examiner-in-charge.
Grovetta N. Gardineer
Senior Deputy Comptroller for Bank Supervision Policy
1 The four federal financial institution regulatory agencies are the Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System, the OCC, and the National Credit Union Administration.
2 Refer to Proclamation 9994, 85 Fed. Reg. 15337 (March 18, 2020).
3 A bank's composite rating under the Uniform Financial Institutions Rating System, known as CAMELS, integrates ratings from six component areas: capital adequacy, asset quality, management, earnings, liquidity, and sensitivity to market risk. ROCA is the interagency uniform supervisory rating system for federal branches and agencies. ROCA integrates ratings from four component areas: risk management, operational controls, compliance, and asset quality. Refer to the "Bank Supervision Process" booklet of the Comptroller's Handbook for more information about the CAMELS and ROCA rating systems.