For example, the OCC would create a new requirement for an application for acquisitions if a purchase-and-assumption transaction would increase the size of an institution by a quarter or more. ABA said:
Neither national banks nor thrifts were subject to such a requirement before this proposal was released. This is a substantive new requirement.
The 500-page proposal — part of the OCC's continuing process of reviewing national bank and thrift rules to determine whether it is appropriate to integrate them — makes changes to policies and procedures for both bank types related to new charters, conversions, mergers, branching, subsidiaries and other licensing issues.
Read the letter.