Daylight Savings Time Change: Risk Management Guidance

GuidanceOffice of the Comptroller of the Currency (OCC)Risk Management

PURPOSE

This bulletin reminds national banks and their technology service providers of the upcoming change in the schedule for Daylight Savings Time. National banks may be exposed to a variety of risks if they do not prepare their systems to reflect this change.

BACKGROUND

Daylight Savings Time (DST) in the United States will begin earlier and end later in 2007 than in years past. The Energy Policy Act of 2005, signed into law August 2005, moves the beginning of DST from the first Sunday in April to the second Sunday in March. DST will now end the first Sunday in November instead of the last Sunday in October.

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