Treasury's comptroller plans system to track bank reports

The Office of the Comptroller of the Currency (OCC) seeks industry information about how best to modernize its licensing processes through implementation of a central application tracking system. Financial institutions and individuals prepare and submit corporate applications and notices when they need OCC approval for proposals relating to changing, establishing or converting to a national bank charter.

OCC, an agency of the Treasury Department, oversees banking institutions.

OCC anticipates that the system would be an end-to-end corporate applications processing tool that incorporates the functions of two existing systems, the office said in a request for information posted recently on the Federal Business Opportunities Web site. The objective for the new system is to make the most of electronically capturing data for application processing, support a flexible workflow, maintain critical records, and monitor and report on corporate applications and notices. Responses are due Nov. 16.

The current mainframe-based Corporate Activities Information System (CAIS) captures and maintains institution data obtained through the corporate application process and lets OCC enter, track and monitor 2,800 applications and 1,900 licensing notices annually. The agency also maintains an online application submittal system, Electronic Corporate Processing, which is available to national banks registered on OCC’s secure extranet, the National BankNet.

Because no automated interface exists between e-Corp and the corporate activities system, OCC must forward daily applications captured by e-Corp to licensing analysts for subsequent manual entry into the mainframe CAIS. The new system will also be capable of accepting, retrieving and processing community development investment applications, notices and requests.

About the Author

Mary Mosquera is a reporter for Federal Computer Week.

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