Statement by the Acting Comptroller of the Currency at the Financial Stability Oversight Council

News Release 2021-65 | June 11, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu made the following statement today at the meeting of the Financial Stability Oversight Council (FSOC) with respect to the LIBOR transition: Thank you, Madam Secretary, and thank you for your leadership of this body as I join colleagues […]

OCC Hosts Virtual Mutual Savings Association Advisory Committee Meeting June 29

News Release 2021-64 | June 10, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a virtual meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, June 29, 2021. The virtual meeting is open to the public and will begin at 9:00 a.m. Eastern Daylight […]

OCC Releases CRA Evaluations for 18 National Banks and Federal Savings Associations

News Release 2021-63 | June 4, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of May 1, 2021 through May 31, 2021. The list contains only national banks, federal savings associations, and insured federal […]

Agencies Extend Favorable Community Reinvestment Act Consideration of Revitalization Activities in Certain Disaster Areas Affected by Hurricane Maria

News Release 2021-62 | May 27, 2021 Share This Page: WASHINGTON—The federal bank regulatory agencies today announced they are extending the period for giving favorable consideration under Community Reinvestment Act (CRA) regulations to institutions located outside of Puerto Rico and the U.S. Virgin Islands, for bank activities that continue to help revitalize or stabilize these areas […]

OCC Announces Virtual Compliance Risk Workshops for Community Bank Directors

News Release 2021-61 | May 26, 2021 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced a schedule of free, virtual workshops on compliance risk for boards of directors of community national banks and federal savings associations. The OCC examiner-led workshops provide training and guidance on the critical elements […]

OCC Finalizes Rule Creating Exception to Withdrawal Period Requirement for Collective Investment Funds

News Release 2021-58 | May 21, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today finalized a rule applicable to national banks and federal savings associations administering a collective investment fund invested primarily in real estate or other assets that are not readily marketable. On August 13, 2020, the OCC published […]

Fictitious Notification Regarding the Use of Bitcoin Wallet for Release of Funds Supposedly Under the Control of the Office of the Comptroller of the Currency

Alert 2021-3| May 19, 2021 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel Consumers […]

Acting Comptroller of the Currency Testifies on the Condition of the Federal Banking System

News Release 2021-56 | May 19, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today testified before the U.S. House Financial Services Committee on the condition of the federal bankings system, the agency’s response to the COVID-19 pandemic, and its efforts to promote diversity and inclusion. Mr. Hsu’s testimony also included a […]

OCC Report Examines Key Risks, Effects of COVID-19 Pandemic on Federal Banking System

News Release 2021-55 | May 18, 2021 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system and the effects of the COVID-19 pandemic on the federal banking industry in its Semiannual Risk Perspective for Spring 2021.  Banks maintained sound capital and […]

Agencies Extend Comment Period on Request for Information on Artificial Intelligence

News Release 2021-54 | May 17, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConsumer Financial Protection BureauFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency Five federal financial regulatory agencies announced today they will extend the comment period on the request for information on financial institutions’ […]