Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
OCC updates PCA guidelines
OCC Bulletin 2018-33, issued September 28, sets forth the guidelines and procedures by which the Office of the Comptroller of the Currency (OCC) implements its authority under section 38 of the Federal Deposit Insurance Act, entitled “Prompt Corrective Action.” The bulletin rescinds Banking Circular 268, “Prompt Corrective Action,” and OCC Bulletin 1994-43, “Prompt Corrective Action – Capital Restoration Plans Guidelines.”
In a note to community banks, the Bulletin indicates that the OCC has not yet established the simplified leverage ratio capital framework required by the Economic Growth, Regulatory Relief, and Consumer Protection Act for qualified community banks for prompt corrective action purposes.
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