Federal bank regulatory agencies today issued a joint statement highlighting liquidity risks to banking organizations associated with certain sources of funding from crypto-asset-related entities and some effective practices to manage those risks. Recent events in the crypto-asset sector have underscored the potential heightened liquidity risks presented by certain sources of funding from crypto-asset-related entities. The […]
Category Archives: Office of the Comptroller of the Currency
OCC Releases CRA Evaluations for 36 National Banks and Federal Savings Associations
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of additional Community Reinvestment Act (CRA) performance evaluations that became public during the period of September 1, 2022, through November 30, 2022. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. […]
OCC Chief Counsel Discusses Bank Mergers
Related posts: OCC Hosts Mutual Savings Association Advisory Committee Meeting September 20 OCC Releases CRA Evaluations for 31 National Banks and Federal Savings Associations OCC Announces Chief Climate Risk Officer Acting Comptroller Discusses Identifying Crypto Risks
OCC Releases Dodd-Frank Act Stress Test Scenarios for 2023
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 the stress testing requirements of the Dodd-Frank Wall Street Reform and Consumer Protection […]
Kristen Baldwin Named OCC Chief Information Officer
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the selection of Kristen Baldwin to be the agency’s Chief Information Officer (CIO), effective February 26, 2023. As CIO, Ms. Baldwin will lead all OCC information technology (IT) programs, supporting the agency’s mission of ensuring that national banks and federal savings associations operate in […]
OCC Solicits Research on Emerging Risks in the Banking System
WASHINGTON—The Office of the Comptroller of the Currency (OCC) is soliciting academic research papers on emerging risks in the banking system or related policy and supervisory issues for submission by March 3, 2023. The OCC will invite authors of selected papers to present to OCC staff and invited academic and government researchers at OCC Headquarters […]
OCC Announces Approval of Bank of the West – BMO Harris Bank, National Association Merger
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today approved the merger of Bank of the West, San Francisco, into BMO Harris Bank, National Association, Chicago. The resulting institution is expected to have $256.0 billion in total assets, making it the 13th largest commercial bank in the United States. The approval follows the consideration […]
Acting Comptroller Discusses Management of Large Banks
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed large bank manageability in remarks at Brookings. The Acting Comptroller shared his views on detecting, preventing and addressing risks that can result in large banks becoming too-big-to-manage. He reflected that large banks that repeatedly try but fail to fix their material deficiencies prolong risks to […]
Registration Open for OCC Symposium on Bank Mergers
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced registration is open for its symposium on bank mergers February 10, 2023, at its headquarters in Washington, D.C. The symposium will include panel discussions among thought leaders, academics, community groups, and the banking industry on bank mergers and is open to the public for […]
OCC Issues Revisions to Fair Lending Booklet
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a revised version of the “Fair Lending” booklet of the Comptroller’s Handbook. The “Fair Lending” booklet provides information and examination procedures to assist OCC examiners in assessing fair lending risk and evaluating compliance with the Fair Housing Act, the Equal Credit Opportunity Act (ECOA), […]