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 […]
Category Archives: Office of the Comptroller of the Currency
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. […]
Acting Comptroller Issues Statements at FDIC Board Meeting on Proposals to Improve Financial Stability and the Resolvability of Large Banks
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued statements at the Federal Deposit Insurance Corporation Board Meeting in support of proposed rulemakings to improve financial stability and the resolvability of large banks. In his statements, Mr. Hsu discussed his support for proposed rules to establish a long-term debt requirement for large banks with […]
Agencies Request Comment on Proposed Rule to Require Large Banks to Maintain Long-Term Debt to Improve Financial Stability and Resolution
Federal bank regulatory agencies today requested comment on a proposal that would require large banks with total assets of $100 billion or more to maintain a layer of long-term debt, which would improve financial stability by increasing the resolvability and resiliency of such institutions. This proposal follows an advance notice of proposed rulemaking issued in […]
OCC Allows National Banks and Federal Savings Associations in Florida 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 Florida affected by Hurricane Idalia. In issuing the proclamation, the OCC expects that only those bank offices directly affected by potentially unsafe […]
OCC Hosts Minority Depository Institutions Advisory Committee Meeting September 12
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, September 12, 2023. The meeting, which will be hosted in person and virtually, is open to the public and will begin at 1:00 p.m. Eastern Daylight Time (EDT). […]