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| TO: |
CHIEF EXECUTIVE OFFICER and COMPLIANCE OFFICER |
| SUBJECT: |
Revision to the Division of Compliance and Consumer Affairs' Compliance Examination Manual
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The Division of Compliance and Consumer Affairs (DCA) is pleased to
announce the availability of the first revision to its Compliance
Examination Manual, published on April 30, 1996. The revision, dated
March 31, 1997, will be mailed to all current manual holders.
The manual covers the compliance/Community Reinvestment Act examination
policies and functions performed by DCA, along with overviews,
objectives and procedures. DCA rewrote the manual in 1996 as part of
an effort initiated two years earlier to streamline the examination
process.
The March 31, 1997, revision includes new chapters that were in
progress during the initial release of the 1996 manual. These chapters
are "Interim Monitoring System," "General Report Processing," "Bank of
Anytown Report Summary Format," and "MAPPS and Data Analysis." Other
new information contained in the revision includes:
- Revised examination procedures for FDIC's Part 339 (Flood
Insurance),
- Revised examination procedures for the Federal Reserve Board's
Regulation M (Consumer Leasing),
- Interagency Questions and Answers for the Community Reinvestment
Act, and
- Interagency Questions and Answers for Flood Insurance.
The revision is in loose-leaf format and will easily insert into the
Volume I and Volume II binders.
The manual continues to be structured around the examination process,
from pre-examination planning to report preparation. This reflects the
logical flow of the examination process and the actual procedures
performed by examiners. The format allows for regulatory requirements
that apply to specific transactions to be integrated into the manual
along the transactions' timelines.
The fee for the manual's two-volume set is $100 and includes all future
updates. The manual is also available on the Internet at
www.fdic.gov/banknews/compmanl/index.html. A CD ROM version of the
manual is now being tested. Information about the CD ROM version will
be provided in an upcoming financial institution letter (FIL).
To order a copy of the manual, please complete the attached order form
and fax or mail it according to the instructions provided. For further
information about the manual's content, please call our Consumer
Hotline at 800-934-3342 or your DCA Regional Office at the telephone
number provided on the attached list.
|
Carmen J. Sullivan |
|
Director |
Attachments:
1) Compliance Examination Manual order form (below)
2) FDIC Regional Offices, Division of Compliance and Consumer Affairs.
(7kb
PDF file - PDF help or hard
copy)
Distribution: FDIC-Supervised Banks (Commercial and Savings)
NOTE: Paper copies of FDIC financial institution letters may be
obtained through the FDIC's Public Information Center, 801 17th Street,
N.W., Room 100, Washington, D.C. 20434 (800-276-6003 or (703) 562-2200).
Electronic versions of FILs and press releases are available on the FDIC web
site: /banknews
(attachment 1)
ORDER FORM
To order a copy of the FDIC's Compliance Examination Manual, please
print or type the following information. For further information on
ordering procedures, call 800-276-6003 or (703) 562-2200.
Institution Name:__________________________________
Contact Person:____________________________________
Street Address:____________________________________
City, State, Zip Code: ______________________________________________
Daytime Telephone:_____________________________________
Quantity Ordered:___________ (at $100 each)
Total Amount Enclosed:____________
Please mail this order form and check or money order to:
Federal Deposit Insurance Corporation
Department Number 0667
Washington, D.C. 20073
For credit card orders, please fax form to (703) 562-2296.
Visa: ____ M/C: ____
Card No: ___________________________
Expiration Date: _____________________
Name on Card: ______________________
Signature: __________________________
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