OCC – Comptroller’s Handbook: Revised “Earnings” and “Regulatory Reporting” Booklets

September 22, 2021 – OCC issued Bulletin 2021-44 on the revised earnings and regulatory reporting booklets. The booklets are a part of the Comptroller’s Handbook and are prepared for use by OCC examiners in connection with the examination and supervision of banks.

Rescissions: Earnings booklet replaces and rescinds the analytical review of income and expense booklet issued in March 1990 (with examination procedures issued in March 1998). Regulatory reporting booklet replaces, rescinds review of regulatory reports booklet.

Earnings Booklet: Booklet supplements earnings core assessments, provides examiners with expanded procedures to use when reviewing earnings for a specific line of business or bank. Also, provides information regarding how to complete an earnings analysis, and highlights key earnings ratios and the components that make up those ratios. Discusses other factors to consider when reviewing a bank’s earnings performance. Additionally, discusses sound risk management principles, including appropriate planning, budgeting, and forecasting processes, to ensure sufficient earnings.

Regulatory Reporting Booklet: The regulatory reporting booklet provides information for examiners on common financial regulatory reports, including the call report and other FFIEC financial reports. Also, provides guidance to examiners on how to determine the materiality of a misstatement in a regulatory report and when a refiling might be required. Discusses sound risk management principles for regulatory reporting, including appropriate board oversight, policies, procedures, personnel, and control systems. Provides examiners with procedures for assessing regulatory reporting activities.

For more information, visit www.occ.gov.

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