WASHINGTON — Acting Comptroller of the Currency Michael J. Hsu today shared the following statement with agency staff at the conclusion of his first day in this role. It is a tremendous honor to serve as Acting Comptroller of the Currency and to work with you who ensure that our federal banking system operates in […]
Category Archives: Office of the Comptroller of the Currency
Michael J. Hsu to Become Acting Comptroller of the Currency May 10, 2021
News Release 2021-51 | May 7, 2021 Share This Page: WASHINGTON—The U.S. Department of the Treasury today announced that Michael J. Hsu will become Acting Comptroller of the Currency on May 10, 2021, pursuant to 12 USC 4 as designated by Secretary of the Treasury Janet Yellen. Blake Paulson, who has served as Acting Comptroller of […]
OCC Conditionally Approves Chartering of Paxos National Trust
News Release 2021-49 | April 23, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced preliminary conditional approval of the application to charter Paxos National Trust, New York. The OCC granted a national trust bank charter to Paxos after thorough review of the company and its current operations. In granting […]
Agencies Invite Comment on Proposed Rule for Income Tax Allocation Agreements
News Release 2021-48 | April 22, 2021 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 today invited comment on a proposed rule that updates and codifies existing guidance on income tax allocation agreements involving depository institutions and […]
OCC Releases CRA Evaluations for 15 National Banks and Federal Savings Associations
News Release 2021-47 | April 20, 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 March 1, 2021 through March 31, 2021. The list contains only national banks, federal savings associations, and insured federal […]
Deputy Comptroller for Market Risk Policy Testifies on LIBOR Transition
News Release 2021-46 | April 15, 2021 Share This Page: WASHINGTON—Deputy Comptroller for Market Risk Policy Kevin Walsh today testified during a hearing before the U.S. House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets regarding the upcoming cessation of the London Interbank Offered Rates (LIBOR). Related Links Media Contact Stephanie Collins(202) 649-6870 Related […]
OCC Designates Four as Senior National Bank Examiners
News Release 2021-44 | April 13, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today designated Brad Biedermann, Kimberly Cahill, James Calhoun, and Roberta Caruso as Senior National Bank Examiners. The Senior National Bank Examiner designation recognizes examiners who have distinguished themselves through high-quality performance and service as field examiners, subject […]
Agencies Issue Statement and Request for Information on Bank Secrecy Act/Anti-Money Laundering Compliance
News Release 2021-43 | April 9, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationFinancial Crimes Enforcement NetworkNational Credit Union AdministrationOffice of the Comptroller of the Currency The federal banking agencies, in consultation with the Financial Crimes Enforcement Network and the National Credit Union Administration, today issued a […]
OCC Hosts Virtual Mutual Savings Association Advisory Committee Meeting April 27
News Release 2021-42 | April 7, 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, April 27, 2021. The virtual meeting is open to the public and will begin at 11:00 a.m. Eastern Daylight […]
OCC Promotes April as National Financial Capability Month
News Release 2021-41 | April 1, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) encourages national banks and federal savings associations (collectively, banks) to support financial literacy education year-round but especially during National Financial Capability Month, which runs through April 30. Banks promote financial literacy by supporting programs that expand financial […]