I'm wondering what others are doing to recalculate APRs when they're reviewing loan files for compliance with Reg Z,(and also double checking APYs given on Truth in Savings disclosures).

My understanding is that there are APR and APY programs on the OCC website that I can download onto my laptop to take on the road with me. There also is an HP calculator with the formulas built in (Does it handle both APR and APY?).

I'd like feedback from others who are using the tools. How easy are they to use? What is the most efficient? Can anyone supply a link to the OCC programs? Any advice at all would help.

Check out http://www.aprsystems.com

I think Richard has just what you are looking for.

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Al Miller, CRCM
Fremont Bank (CA)
(510) 790-5825
(510) 505-5211 FAX

Opinions expressed are my own and not necessarily shared by my employer.

I use both of the "free" programs. APY and APR. APR program works especially well. APY program works pretty good.....

I like to review my files and record the data onmy workpapers. Then I use my APRX from Richard to do the computations quickly and without being teathered to a desktop or laptop. If I have a discrepancy I double check it on another source. I'll also calibrate the calculations by comparing a transaction or two to compare the results.

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Andy Zavoina
Opinions stated are not necessarily that of my employer.

how do i find the APY when given the APR 2.5% conpounded daily

APR - http://www.occ.treas.gov/aprwin.htm

APY - http://www.occ.treas.gov/apy.htm.