News Release 2019-111 | October 1, 2019 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2020. The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual national banks, federal savings associations, federal branches, […]
Category Archives: Office of the Comptroller of the Currency
OCC Reports Slight Improvement in Mortgage Performance
News Release 2019-110 | September 30, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the second quarter of 2019. The OCC Mortgage Metrics Report, Second Quarter 2019 showed 96.1 percent of mortgages included in the […]
Federal Banking Agencies Issue Final Rule to Exempt Residential Real Estate Transactions of $400,000 or Less from Appraisal Requirements
News Release 2019-109 | September 27, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency WASHINGTON—The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have adopted a final rule that increases the […]
Jay Gallagher Named Deputy Comptroller for Systemic Risk Identification Support and Specialty Supervision
News Release 2019-108 | September 26, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Jay Gallagher as Deputy Comptroller for Systemic Risk Identification Support and Specialty Supervision. In this new role reporting to the OCC’s Chief Operating Officer, Mr. Gallagher will serve as a key advisor to the Committee […]
OCC Reports Second Quarter 2019 Bank Trading Revenue
News Release 2019-107 | September 24, 2019 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 $8.0 billion in the second quarter 2019, which was $2.0 billion, or 19.8 percent, less than the previous quarter. In the report, Quarterly […]
Counterfeit Cashier’s Checks of Consumers National Bank, Minerva, Ohio
Alert 2019-8| September 20, 2019 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel The […]
Counterfeit Cashier’s Checks of Consumers National Bank, Minerva, Ohio
Alert 2019-8| September 20, 2019 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel The […]
OCC Enforcement Actions and Terminations
News Release 2019-106 | September 19, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. All Cease and Desist Orders, Civil Money Penalty Orders, and Removal/Prohibition Orders […]
Comptroller of the Currency Discusses Community Reinvestment Act, Honored for his Philanthropy
News Release 2019-105 | September 10, 2019 Share This Page: SANTA ANA, Calif.—Comptroller of the Currency Joseph Otting today discussed community reinvestment and economic opportunity during remarks at the 2019 Illumination Reception hosted by the Oasis Center International, in Santa Ana, Calif. During his comments, Comptroller Otting highlighted how the Community Reinvestment Act (CRA) encouraged investment […]
Comptroller of the Currency Visits Compton, California, to Discuss How to Increase Community Reinvestment
News Release 2019-104 | September 9, 2019 Share This Page: WASHINGTON—Comptroller of the Currency Joseph Otting today visited Compton, California, and met with community stakeholders and bankers to discuss how to encourage more lending, investment, and bank services in areas that need it most. The visit was the fifth stop in the Comptroller’s summer tour to […]