12 CFR 18.1 - Purpose and OMB control number.

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§ 18.1 Purpose and OMB control number.

(a)Purpose. The purpose of this part is to require all national banks and federal branches and agencies to prepare an annual financial disclosure statement, and to make this statement available to security holders, depositors, and anyone who requests it. The bank may, at its option, supplement this financial disclosure statement with narrative information management deems important. The availability of this information is expected to promote better public understanding of, and confidence in, individual national banks and the national banking system. The annual disclosure statement will serve to complement the supervisory efforts of the Office of the Comptroller of the Currency (OCC) to promote bank safety and soundness and public confidence in the national banking system.

(b)OMB control number. The collection of information requirements contained in this part were approved by the Office of Management and Budget under OMB control number 1557-0182.

[ 53 FR 3866, Feb. 10, 1988, as amended at 60 FR 57332, Nov. 15, 1995]

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