On December 8, the Office of the Comptroller of the Currency (OCC), announced via Bulletin OCC 2011-47 (the Bulletin) that it intends to fully integrate the Office of Thrift Supervision (OTS) policy guidance documents into a common set of supervisory policies that applies to both national banks and federal savings associations.

On December 8, the Office of the Comptroller of the Currency (OCC), announced via Bulletin OCC 2011-47 (the Bulletin) that it intends to fully integrate the Office of Thrift Supervision (OTS) policy guidance documents into a common set of supervisory policies that applies to both national banks and federal savings associations. Pursuant to Title III of the Dodd–Frank Wall Street Reform and Consumer Protection Act, all functions of OTS relating to federal savings associations and the rulemaking authority of the OTS relating to all federal savings associations were transferred to the OCC on July 21, 2011 (the transfer date). The legislation continues all OTS orders, resolutions, determinations, agreements, regulations, interpretive rules, other interpretations, guidelines, procedures, and other advisory materials in effect the day before the transfer date. The legislation also allows the OCC to administer these documents with respect to federal savings associations, until the documents are modified, terminated, set aside, or superseded by the OCC, by a court, or by operation of law.