OCC Reports Mortgage Performance for Second Quarter of 2023

WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the second quarter of 2023. The OCC Mortgage Metrics Report, Second Quarter 2023 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, […]

OCC Hosts Workshop for Bank Directors and Senior Management in Sioux Falls

WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host a workshop in Sioux Falls, South Dakota, November 7-8 for directors, senior management, and other key executives of national community banks and federal savings associations. The Building Blocks: Developing Strong Management workshop is focused on strategy, people, and oversight. Participants will learn about current […]

OCC Reports Second Quarter 2023 Bank Trading Revenue

WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $13.7 billion in the second quarter of 2023. The second quarter trading revenue was $3.9 billion, or 22.4 percent, less than in the previous quarter and $3.3 billion, or 31.7 percent, more than in […]

OCC Hosts Mutual Savings Association Advisory Committee Meeting October 3

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, October 3, 2023. The meeting, which will be hosted in person and virtually, is open to the public and will begin at 8:30 a.m. Eastern Daylight Time (EDT). […]

OCC Hosts Risk Governance and Capital Markets Workshops in Dallas

WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host two workshops October 24-25 in Dallas for directors, senior management, and other key executives of national community banks and federal savings associations. The Risk Governance: Improving Effectiveness workshop on October 24 combines lectures, discussion, and exercises to provide practical information for participants to effectively […]

OCC Hosts Compliance and Credit Risk Workshops in Syracuse

WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host two workshops in Syracuse on October 17-18 for directors, senior management, and other key executives of national community banks and federal savings associations. The Compliance Risk: Understanding the Rules workshop on October 17 focuses on the critical elements of an effective compliance risk management […]

Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Idalia

The Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, the Office of the Comptroller of the Currency, and state financial regulators, collectively the agencies, recognize the serious impact of Hurricane Idalia on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject […]

OCC Allows National Banks and Federal Savings Associations in Georgia, South Carolina and North Carolina Affected by Hurricane Idalia to Close

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices in areas of Georgia, South Carolina and North Carolina affected by Hurricane Idalia. In issuing the proclamation, the OCC expects that only those bank offices […]

OCC Hosts Compliance and Operational Risk Workshops in Santa Ana

WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host two workshops in Santa Ana, California, on October 3-4 for directors, senior management, and other key executives of national community banks and federal savings associations. The Compliance Risk: Understanding the Rules workshop on October 3 focuses on the critical elements of an […]

OCC Issues Fourth Quarter 2023 and First Quarter 2024 CRA Evaluation Schedule

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter of 2023 and first quarter of 2024. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the CRA. […]