Alert July 01, 2008

OCC Updates New Activities Handbook

The OCC updated its Activities Permissible for a National Bank publication which covers permissible national bank activities covering the areas of general activities, compliance, fiduciary activities, insurance and annuity activities, preemption, securities activities, technology and electronic activities, and investment activities.  The OCC also published its Significant Legal, Licensing, and Community Development Precedents, a document containing 2007 precedents regarding branching, consulting and financial advice, corporate governance, finder activities, leasing, lending, other general activities, compliance, fiduciary activities, preemption, derivatives, technology and electronic activities, electronic commerce, investments, enforcement actions and regulations.  These precedents have been incorporated into the most recent issue of Activities Permissible for a National BankClick here for the activities publication and here for the 2007 precedents.