The federal bank regulatory agencies, as members of the Federal Financial Institutions Examination Council (FFIEC), today released data on small business, small farm, and community development lending during 2021. The Community Reinvestment Act regulations require the agencies to annually disclose these data. The FFIEC also prepared aggregate disclosure statements of small business and small farm […]
Category Archives: Office of the Comptroller of the Currency
OCC Reports Third Quarter 2022 Bank Trading Revenue
WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $12.7 billion in the third quarter of 2022. The third quarter trading revenue was $2.4 billion, or 22.9 percent, more than in the previous quarter and $5.8 billion, or 84.1 percent, more than in […]
Acting Comptroller Discusses Promoting Prudent Credit Risk Management and Diversity and Inclusion
WASHINGTON— Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of continued prudent credit risk management and diversity and inclusion, two important safety and soundness topics, at the RMA Risk Management and Internal Audit Virtual Conference. The Acting Comptroller highlighted benefits to banks from the Current Expected Credit Losses standard, and the […]
OCC Reduces 2023 Assessments on National Banks and Federal Savings Associations
WASHINGTON—The Office of the Comptroller of the Currency (OCC) is publishing its assessment rates for the 2023 calendar year, reducing the rates in the general assessment fee schedule, and maintaining assessment rates from 2022 for the independent trust and independent credit card fee schedules. Changes to the general assessment fee schedule include reductions by 40 […]
OCC Issues First and Second Quarter 2023 CRA Evaluation Schedule
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 first and second quarters of 2023. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the CRA. Public […]
OCC Revises Civil Money Penalty Manual
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced revisions to its civil money penalty (CMP) manual which the agency will begin using on January 1, 2023. The OCC revised the CMP matrix applicable to its regulated institutions to allow for sufficient differentiation among varying levels of misconduct or by institution size, and […]
Acting Comptroller of the Currency Issues Statement on Large Bank Resolution Plans
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu, in his capacity as a Federal Deposit Insurance Corporation (FDIC) board member, today released the following statement on the FDIC’s review of the eight largest and most complex domestic banking organizations’ 2021 resolution plans. The collaborative review of the plans by the FDIC and Federal Reserve Board […]
OCC Announces Deputy Comptroller for Northeast and East Regions
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the selection of Johnny Stanley as the Deputy Comptroller for the Northeast and East Regions. He will assume these duties December 4. In this role, Mr. Stanley will oversee more than 200 community banks and federal savings associations located in 19 states with assets […]
Acting Comptroller Emphasizes Caution with Crypto
Related posts: Jay Gallagher Named Deputy Comptroller for Systemic Risk Identification Support and Specialty Supervision Brian P. Brooks to Step Down, Blake Paulson to Become Acting Comptroller of the Currency on January 14, 2021 OCC Fines Former Wells Fargo General Counsel $3.5 Million in Settlement OCC Publication Focuses on Bank Investments in Opportunity Zones
Acting Comptroller of the Currency Discusses Regulatory Priorities
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today testified before the U.S. House Financial Services Committee on the agency’s efforts to ensure that national banks and federal savings associations operate in a safe, sound, and fair manner. His testimony discussed his regulatory priorities of guarding against complacency by banks, reducing inequality in banking, adapting […]