OCC 2004-55  
OCC Bulletin  

Subject:      Annual Report on Operating Subsidiaries
Description:  Final Rule

Date:         December 1, 2004

TO:  Chief Executive Officers of All National Banks, Federal
     Branches and Agencies, Department and Division Heads, and 
     All Examining Personnel

The attached final rule, which amends 12 CFR 5.34, the OCC's rule
governing activities, application, or notice requirements for
national banks engaging in activities through an operating
subsidiary, was published in the Federal Register on November 5,
2004 (69 FR 64478).

The final rule requires a national bank to file an annual report
with the OCC that identifies its operating subsidiaries that do
business directly with consumers and are not functionally
regulated as defined in section 5(c)(5) of the Bank Holding
Company Act of 1956, as amended (12 USC 1844(c)(5)).  The final
rule requires a national bank to provide certain information for
each of these operating subsidiaries, including the name of the
operating subsidiary, location and contact information, and the
operating subsidiary's lines of business.  The OCC will make this
information available to the public on its Internet Web site,
which will assist consumers in identifying national bank
operating subsidiaries that are subject to OCC supervisory
authority.

In addition, attached is guidance for national banks to use that
contains suggested formats and methods for filing the annual
report.

For questions concerning this final rule, contact Michael Opiela,
program analyst, Licensing Activities at (202) 874-5060; Cheryl
Martin, senior licensing analyst, Licensing Activities at (202)
874-5060; Stuart E. Feldstein, assistant director, Legislative
and Regulatory Activities at (202) 874-5090; or Patrick T.
Tierney, attorney, Legislative and Regulatory Activities at (202)
874-5090.


_____________________________
Daniel P. Stipano
Acting Chief Counsel


Attachments:
*  69 FR 64478
   [http://www.occ.treas.gov/fr/fedregister/69fr64478.pdf]
*  Guidelines For Filing The Annual Report On Operating 
   Subsidiaries
   [http://www.occ.treas.gov/ftp/bulletin/2004-55a.pdf]
*  Appendix B-Instructions for Preparation of Report Changes in
   Organizational Structure
   [http://www.occ.treas.gov/ftp/bulletin/2004-55b.pdf]