WASHINGTON - The Office of the Comptroller of the Currency has updated its large-bank supervision booklet.

The revised version, which replaces the one dated July 1998, explains the philosophy and methods the OCC uses in supervising the largest and most complex national banks. It also pertains to foreign-owned and U.S. branches and agencies, as well as the international operations of both large and midsize banks.

Major revisions or additions include changes in the minimum examination standards for internal and external audit functions; incorporation of the principles of functional supervision under the Gramm-Leach-Bliley Act; and integration of information technology assessments into the safety-and-soundness exam process.

The booklet is available at the agency's Web site, www.occ.treas.gov, or in print from P.O. Box 70004, Chicago, IL 60673-0004. Print copies are $15.

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