The OCC today rolled out the first phase of its new Central Application Tracking System, which will allow the banks it regulates to draft, submit and track licensing and public welfare investment applications. The system will allow OCC analysts to receive, process and manage those applications. Available through BankNet, CATS will replace existing e-Corp and CD1 Invest application tools.
With today’s phase one rollout, CATS may now be accessed by frequent e-Corp and CD-1 Invest filers. Phase two (for all other filers on the existing systems) and phase three (for all other banks) are scheduled to begin later this spring. While CATS use is encouraged, banks may continue to submit paper filings. OCC staff will notify banks about which phase they will be part of and about webinars the agency is planning to help bankers learn how to use CATS.