The Texas Department of Banking announced updates to supervisory memorandums for state-chartered banks, trust companies and technology service providers. The Department’s announcement reads:
Supervisory Memorandum 1003
The Department of Banking has revised Supervisory Memorandum 1003 related to Examination Frequency for State-Chartered Banks. This Supervisory Memorandum communicates the Department’s on-site examination timing requirements for state banks and trust departments of state banks. The policy was modified to remove references to the Level I Full Scope and Level II Full Scope examinations. These are now referred to as Full Scope examinations.
Supervisory Memorandum 1004
The Department of Banking has revised Supervisory Memorandum 1004 related to Examination Frequency for State-Chartered Trust Companies. This Supervisory Memorandum specifically outlines the Department’s examination priorities for trust companies and the types of examination scopes utilized. The applicability of this policy to exempt trust companies is specifically addressed in the Examination Scope and Frequency Schedule. The policy was modified to remove references to the Level I Full Scope and Level II Full Scope examinations. These are now referred to as Full Scope examinations. The policy was also revised to update the Department’s points of contact information.
Supervisory Memorandum 1020
The Department of Banking has revised Supervisory Memorandum 1020 related to Examination Frequency for All State-Chartered Banks, Trust Companies, and Technology Service Providers. This Supervisory Memorandum sets forth the Information Technology (IT) examination ratings and frequency guidelines for banks, trust companies, and technology service providers. The policy was revised to update the Department’s points of contact information.
View these policies here.