Acting Comptroller Marks Anniversary of Freedman’s Bank and the National Currency Act

News Release 2021-28 | March 3, 2021 Share This Page: WASHINGTON—Today, Acting Comptroller of the Currency Blake Paulson issued the following statement to staff to recognize the 158th anniversary of the National Currency Act, which created the Office of the Comptroller of the Currency, and the 156th anniversary of the Freedman’s Savings and Trust Company. Over […]

OCC Releases CRA Evaluations for 13 National Banks and Federal Savings Associations

News Release 2021-27 | March 2, 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 February 1, 2021 through February 28, 2021.  The list contains only national banks, federal savings associations, and […]

Agencies Issue Shared National Credit Review

News Release 2021-26 | February 25, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency Credit risk for large, syndicated loans has increased over the last year, according to the 2020 Shared National Credit (SNC) Review released by federal bank regulatory agencies […]

OCC Issues Second and Third Quarter 2021 CRA Evaluation Schedule

News Release 2021-25 | February 24, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the second quarter and third quarter 2021. The OCC encourages public comment on the national banks and federal savings associations scheduled to be […]

Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Texas Winter Storms

News Release 2021-24 | February 22, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConference of State Bank SupervisorsFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit […]

Unauthorized Banking: National Bank and Trust

Alert 2021-1| February 17, 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 The […]

OCC Promotes Two to Deputy Comptroller for Large Bank Supervision

News Release 2021-22 | February 17, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the promotions of Tanya Smith and Michael (Tim) McDonald to Deputy Comptroller for Large Bank Supervision (LBS). “Tanya and Tim each bring unique supervisory experience, knowledge, and leadership competencies to the agency’s leadership team for […]

OCC Allows National Banks and Federal Savings Associations Affected by Winter Storm Uri to Close

News Release 2021-21 | February 16, 2021 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices affected by emergency weather conditions associated with Winter Storm Uri at their discretion. In […]

OCC Releases Dodd-Frank Act Stress Test Scenarios for 2021

News Release 2021-20 | February 12, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) released economic and financial market scenarios for use in the upcoming stress tests for covered institutions. The supervisory scenarios include baseline and severely adverse scenarios, as described in the OCC’s rule that implements stress test requirements of […]

OCC Conditionally Approves Conversion of Protego Trust Bank

News Release 2021-19 | February 5, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced conditional approval of the conversion of Protego Trust Company, a Washington state-chartered trust company, to become Protego Trust Bank, National Association. The OCC granted conditional approval to Protego after thorough review of its conversion application. […]