News Release 2020-91 | July 15, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) has renewed the charter of its Minority Depository Institutions Advisory Committee (MDIAC), which advises the agency on issues and opportunities facing minority depository institutions. “The Minority Depository Institutions Advisory Committee provides the OCC with important insight on […]
Category Archives: Office of the Comptroller of the Currency
OCC’s Mutual Savings Association Advisory Committee Charter Renewed
News Release 2020-92 | July 15, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) has renewed the charter of its Mutual Savings Association Advisory Committee (MSAAC), which advises the agency on issues and opportunities facing mutual savings institutions. “The Mutual Savings Association Advisory Committee is an important resource for OCC to […]
Charles W. Calomiris Named Senior Deputy Comptroller for Economics
News Release 2020-90 | July 13, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced that Charles W. Calomiris, Ph.D. will be the agency’s next Senior Deputy Comptroller for Economics. As the agency’s chief economist, Dr. Calomiris will oversee the OCC’s Economics Department, providing economic, risk, and policy analysis to […]
OCC Announces Project REACh to Promote Greater Access to Capital and Credit for Underserved Populations
News Release 2020-89 | July 10, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency today announced the launch of Project REACh to promote financial inclusion through greater access to credit and capital. REACh stands for Roundtable for Economic Access and Change and brings together leaders from the banking industry, national civil rights […]
OCC Releases CRA Evaluations for 21 National Banks and Federal Savings Associations
News Release 2020-88 | July 2, 2020 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 June 1, 2020 through June 30, 2020. The list contains only national banks, federal savings associations, and insured federal […]
CFPB, OCC Host Virtual Innovation Office Hours
News Release 2020-87 | July 2, 2020 Share This Page: Joint Release Consumer Financial Protection BureauOffice of the Comptroller of the Currency The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) today announced they will host joint, virtual Innovation Office Hours, July 29-30, as part of the American Consumer […]
OCC Reports First Quarter 2020 Bank Trading Revenue
News Release 2020-85 | June 26, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $6.7 billion in the first quarter 2020, which was $505.0 million, or 7.0 percent, less than the previous quarter. In the report, Quarterly Report on […]
Agencies Release Proposed Revisions to Interagency Questions and Answers Regarding Flood Insurance
News Release 2020-84 | June 26, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFarm Credit AdministrationFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency WASHINGTON—Five federal regulatory agencies today requested public comment on new and revised Interagency Questions and Answers Regarding Flood Insurance. The Interagency Questions […]
Agencies Finalize Amendments to Swap Margin Rule
News Release 2020-83 | June 25, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFarm Credit AdministrationFederal Deposit Insurance CorporationFederal Housing Finance AgencyOffice of the Comptroller of the Currency Five federal agencies have finalized changes to their swap margin rule to facilitate the implementation of prudent risk management strategies at banks […]
Financial Regulators Modify Volcker Rule
News Release 2020-82 | June 25, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemCommodity Futures Trading CommissionFederal Deposit Insurance CorporationOffice of the Comptroller of the CurrencySecurities and Exchange Commission Five federal regulatory agencies today finalized a rule modifying the Volcker rule’s prohibition on banking entities investing in or sponsoring hedge […]