Subsidiaries, Equity Investments: Revised Comptroller's Licensing Manual Booklet

October 31, 2017

On Tuesday, October 31, 2017, the OCC issued a bulletin regarding the "Subsidiaries and Equity Investments" booklet of the Comptroller’s Licensing Manual. This booklet revises the “Investment in Subsidiaries and Equities” booklet issued in July 2008. This revised booklet updates procedures and requirements to reflect the integration of the functions of the Office of Thrift Supervision into the OCC in 2011 and the issuance of revised regulations (12 CFR 5) that became effective July 1, 2015, addressing subsidiaries and equity investments of both national banks and federal savings associations.