OCC Supports Minority Depository Institutions, Deputy Comptroller Testifies

News Release 2019-137 | November 20, 2019 Share This Page: WASHINGTON—Deputy Comptroller for the Northeastern District Beverly Cole today described agency efforts to support minority depository institutions. Her remarks came during testimony before the Subcommittee on Consumer Protection and Financial Institutions of the House Committee on Financial Services. Related Links Media Contact Bryan Hubbard(202) 649-6870

Federal Bank Regulatory Agencies Finalize Rule to Update Calculation of Counterparty Credit Risk for Derivative Contracts

News Release 2019-136 | November 19, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of Comptroller of the Currency Three federal bank regulatory agencies on Tuesday jointly announced a final rule updating how certain banking organizations are required to measure counterparty credit risk for derivative contracts under […]

Agencies Finalize Changes to Supplementary Leverage Ratio as Required by Economic Growth, Regulatory Relief, and Consumer Protection Act

News Release 2019-135 | November 19, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The federal bank regulatory agencies have finalized changes to a capital requirement for banking organizations predominantly engaged in custodial activities, as required by the Economic Growth, Regulatory […]

Federal Bank Regulatory Agencies Issue Final Rule on Treatment of High Volatility Commercial Real Estate

News Release 2019-134 | November 19, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency WASHINGTON—Three federal bank regulatory agencies finalized a rule to modify the treatment of high volatility commercial real estate (HVCRE) exposures as required by the Economic Growth, Regulatory […]

Comptroller Acts to Promote the Safe, Sound, and Fair Operation of the Federal Banking System

News Release 2019-133 | November 19, 2019 Share This Page: WASHINGTON—The Comptroller of the Currency today approved the following interagency final rules to promote the safe, sound, and fair operation of the federal banking system. The final rules will be published in the Federal Register after adoption by the Federal Deposit Insurance Corporation and the Board […]

Secretary Steven T. Mnuchin’s First 1,000 Days in Office

Since he was sworn in on February 13, 2017, Secretary Steven T. Mnuchin has been at the forefront of the Trump administration’s efforts to foster economic growth, combat national security threats, and protect our nation’s financial system. Implementing Historic Tax Reform In collaboration with Congress, Secretary Mnuchin helped to pass, and later implement, President Trump’s […]

OCC Proposes Rule to Clarify “Valid When Made” Doctrine

News Release 2019-132 | November 18, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is soliciting comments on a proposed rule to clarify that when a national bank or savings association sells, assigns, or otherwise transfers a loan, interest permissible prior to the transfer continues to be permissible following the transfer. […]

Treasury International Capital Data for September

Washington – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for September 2019.  The next release, which will report on data for October 2019, is scheduled for December 16, 2019. The sum total in September of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was […]

Treasury Designates ISIS Financial, Procurement, and Recruitment Networks in the Middle East and South Asia

Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two Turkey-based Islamic State of Iraq and Syria (ISIS) procurement agents and four ISIS-linked companies operating in Syria, Turkey, and across the Gulf and Europe for providing critical financial and logistical support to ISIS.  Additionally, Treasury is acting against […]

Readout on the International Association of Insurance Supervisors Annual Meeting

A U.S. Treasury Spokesperson issued the following readout at the conclusion of the Insurance Capital Standard (ICS) negotiations with the International Association of Insurance Supervisors (IAIS): WASHINGTON – The U.S. Treasury’s Federal Insurance Office registered its official objection to the IAIS’s advancement of version 2.0 of the ICS into a five-year monitoring period.  U.S. Treasury’s […]