This booklet of the Comptroller's Licensing Manual provides the OCC's policies and procedures regarding the conversion of certain types of depository institutions to a national bank or a federal savings association (FSA).Under applicable federal and state law, certain types of depository institutions may convert to a national bank or a federal savings association (FSA). These types of institutions include commercial banks, state banks, state savings associations (mutual form or stock form), trust companies, and credit unions. A stock depository institution may convert to a stock FSA or national bank charter, and a mutual depository institution or a credit union may convert to a mutual FSA. An FSA may convert to a national bank, and a national bank may convert to an FSA. For information on FSAs electing to operate as covered savings associations (CSA) under section 206 of the Economic Growth, Regulatory Relief, and Consumer Protection Act, refer to OCC Bulletin 2019-31, "Covered Savings Associations Implementation: Covered Savings Associations."A depository institution seeking to convert to a national bank or FSA must submit an application and obtain prior approval of the Office of the Comptroller of the Currency (OCC). In addition, a depository institution must include information in the application demonstrating compliance with applicable laws and regulations regarding the permissibility, requirements, and procedures for conversions, including any applicable stockholder or account holder approval requirements.If the OCC approves the conversion, the institution may not commence business as a national bank or FSA until the OCC grants authorization and issues a federal charter. In addition, the OCC does not grant approval to a national bank or FSA with a parent holding company until the Board of Governors of the Federal Reserve System (FRB) has approved any applications filed by the holding company.

This booklet of the Comptroller's Licensing Manual provides the OCC's policies and procedures regarding the establishment, operations, and other corporate activities of federally licensed offices of foreign banks, which include federal branches, limited federal branches, and federal agencies. This booklet does not cover subsidiaries for foreign banks, which is covered in the "Related Organizations" booklet of the Comptroller's Handbook.

This guide, prepared by the Office of the Comptroller of the Currency (OCC), is intended to provide an introduction to tribal ownership of national banks. The OCC encourages tribes and national banks to consult with counsel familiar with banking law, federal Indian law, and tribal law, as appropriate, to obtain specific advice on chartering, acquiring, or operating a national bank.