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#1835199 - 07/22/13 07:09 PM Annual Disclosure StatementFo
Starter Offline
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Starter
Joined: Aug 2004
Posts: 513
NJ
Under 12CFR18.7, notice of availability of the annual disclosure statement in the branch lobby, does this pertain only to "national banks" or all financial institutions that are regulated by the OCC (ie: a former OTS bank where this disclosure notice was not required is now regulated by the OCC so is it now required)?

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#1835236 - 07/22/13 08:01 PM Re: Annual Disclosure StatementFo Starter
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,333
Cape Cod
Part 18 applies to national banks, federal branches and agencies, but not to savings associations. None of the rules that the OTC issued to transfer regulations from the OTS appears to have a similar requirement.

The OCC did say that it may, if it deems it necessary, issue rules to apply some of the current national bank regulations (Parts 1 - 99) to former OTS-regulation institutions.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
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#2060533 - 01/26/16 04:33 PM Re: Annual Disclosure StatementFo Starter
Patricia Offline
Gold Star
Joined: Mar 2011
Posts: 327
Kansas
Does the annual disclosure statement pertain to only OCC national banks with stockholders? (12 cfr 18)

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#2060842 - 01/27/16 08:33 PM Re: Annual Disclosure StatementFo Starter
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,333
Cape Cod
Can you identify a national bank that does not have stockholders?
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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#2060890 - 01/27/16 10:26 PM Re: Annual Disclosure StatementFo Starter
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
The FDIC requires this under Part 350.
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David Dickinson
http://www.bankerscompliance.com

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