News Release 2021-1 | January 4, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today invited comment on a notice of proposed rulemaking to codify permissibility standards for real estate used as national bank or federal savings association premises. The proposed rule would clarify standards for determining when real estate is […]
Category Archives: Office of the Comptroller of the Currency
Acting Comptroller of the Currency Praises President’s Working Group Statement on Cryptocurrency
News Release 2020-177 | December 23, 2020 Share This Page: WASHINGTON—Acting Comptroller of the Currency Brian P. Brooks today issued the following praise for the President’s Working Group statement on stablecoins. Today’s statement by the President’s Working Group on stablecoins clarifies expectations for the retail payment application of stablecoins, helping to pave the way for greater […]
Office of the Comptroller of the Currency Issues Interpretation of 12 U.S.C. § 25b
News Release 2020-176 | December 18, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued an interpretation of 12 U.S.C. 25b, which codifies preemption standards and establishes procedural requirements for certain preemption actions by the agency. Federal preemption derives from the Supremacy Clause of the U.S. Constitution and has been […]
Agencies Propose Requirement for Computer Security Incident Notification
News Release 2020-175 | December 18, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency Federal financial regulatory agencies today announced a proposal that would require supervised banking organizations to promptly notify their primary federal regulator in the event of a computer […]
OCC Proposes Rule Regarding Exemptions to Suspicious Activity Report Requirements
News Release 2020-174 | December 17, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today invited comment on a notice of proposed rulemaking to modify the requirements for national banks and federal savings associations to file suspicious activity reports (SARs). The proposed rule would amend the agency’s SAR regulations to allow […]
OCC Reports Third Quarter 2020 Bank Trading Revenue
News Release 2020-171 | December 16, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and savings associations of $9.0 billion in the third quarter of 2020. The third quarter trading revenue was $5.7 billion, or 38.9 percent, less than the previous quarter. In the […]
New Brokered Deposits Rule Promotes Bank-Fintech Partnerships
News Release 2020-170 | December 15, 2020 Share This Page: WASHINGTON—Acting Comptroller of the Currency Brian P. Brooks today issued the following statement with his vote to support the Federal Deposit Insurance Corporation’s (FDIC) new brokered deposits rule. The rule regarding brokered deposits approved today by the FDIC Board helps modernize the concept of brokered deposits […]
Federal Banking Agencies Announce Availability of 2019 Small Business, Small Farm, and Community Development Lending Data
News Release 2020-169 | December 14, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities today announced the availability of data on […]
OCC Announces New Executive Committee Members
News Release 2020-168 | December 7, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the appointment of two executives to the agency’s Executive Committee. Sydney Menefee has been selected to fill the Senior Deputy Comptroller for Midsize and Community Bank Supervision on a permanent basis, and Greg Coleman will […]
Statement by the Acting Comptroller of the Currency Regarding Issuance of FSOC’s 2020 Annual Report
News Release 2020-167 | December 3, 2020 Share This Page: WASHINGTON—Acting Comptroller of the Currency Brian P. Brooks made the following statement today at the meeting of the Financial Stability Oversight Council (FSOC) with respect to the issuance of FSOC’s 2020 annual report: I support issuance of the FSOC’s annual report and the recommendations set forth […]