News Release 2019-125 | October 29, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency WASHINGTON—Federal bank regulatory agencies finalized a rule that simplifies capital requirements for community banks by allowing them to adopt a simple leverage ratio to measure capital adequacy. […]
Category Archives: Office of the Comptroller of the Currency
Agencies Propose Rule to Amend the Swap Margin Rule
News Release 2019-124 | October 28, 2019 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 today announced a proposal to change the swap margin rules to facilitate the implementation of prudent risk management strategies […]
OCC Appoints Receiver for Resolute Bank, Maumee, Ohio
News Release 2019-123 | October 25, 2019 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for Resolute Bank, Maumee, Ohio, a federal savings association. As of June 30, 2019, the institution had approximately $27 million in total assets. The OCC […]
U.S. Financial Regulatory Agencies Join the Global Financial Innovation Network
News Release 2019-122 | October 24, 2019 Share This Page: Joint Release Commodity Futures Trading CommissionFederal Deposit Insurance CorporationOffice of Comptroller of the CurrencySecurities and Exchange Commission The Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) today announced joining […]
Federal Financial Regulatory Agencies Seek Comment on Proposed Interagency Policy Statement on Allowances for Credit Losses and Proposed Interagency Guidance on Credit Risk Review Systems
News Release 2019-120 | October 17, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency Four federal financial regulatory agencies today requested comment on a proposed Interagency Policy Statement on Allowances for Credit Losses. This proposed […]
Blake Paulson Named Agency’s Next Senior Deputy Comptroller for Midsize and Community Bank Supervision
News Release 2019-119 | October 15, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Blake Paulson would become the next Senior Deputy Comptroller for Midsize and Community Bank Supervision. In this role, Mr. Paulson will oversee the team of more than 1,500 employees responsible for supervising approximately 1,100 community […]
OCC Assesses $30 Million Civil Money Penalty Against Citibank
News Release 2019-118 | October 11, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a $30 million civil money penalty against Citibank, N.A, of Sioux Falls, South Dakota, for violations related to the holding period of other real estate owned (OREO). The OCC found the bank engaged in repeated […]
Agencies Finalize Changes to Simplify Volcker Rule
News Release 2019-117 | October 8, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve System, Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Securities and Exchange Commission Five federal financial regulatory agencies on Tuesday announced that they finalized revisions to simplify compliance requirements relating […]
OCC to Host Innovation Office Hours in Las Vegas
News Release 2019-116 | October 7, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will hold Innovation Office Hours on October 28 in Las Vegas to promote responsible innovation in the federal banking system. Office Hours are one-on-one meetings with Office of Innovation staff to discuss financial technology […]
Comptroller of the Currency Discusses Community Reinvestment, Honored for his Community Service
News Release 2019-115 | October 4, 2019 Share This Page: LOS ANGELES—Comptroller of the Currency Joseph Otting today discussed community reinvestment and service during remarks at National Asian American Coalition’s (NAAC) 16th Annual Economic Development Conference. During his comments, Comptroller Otting highlighted the importance of modernizing the regulatory framework implementing the Community Reinvestment Act (CRA). “Since […]