OCC Releases CRA Evaluations for 27 National Banks and Federal Savings Associations

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 July 1, 2023, through July 31, 2023. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received […]

Agencies Update Guidance on Liquidity Risks and Contingency Planning

Federal financial institution regulatory agencies today updated their existing guidance on liquidity risks and contingency planning. The updated guidance highlights that depository institutions should regularly evaluate and update their contingency funding plans. The updated guidance encourages depository institutions to incorporate the discount window as part of their contingency funding plans. Consistent with other contingency funding […]

Acting Comptroller Issues Statement at Financial Stability Oversight Council Meeting on Climate-Related Financial Risk

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following at the Financial Stability Oversight Council (FSOC) meeting: Thank you, Madam Secretary, for your strong leadership of the Council including on this important matter. I would also like to extend my thanks to the FSOC staff and the staff of the Council members […]

Agencies Request Comment on Proposed Rules to Strengthen Capital Requirements for Large Banks

Bank regulatory agencies today requested comment on a proposal to increase the strength and resilience of the banking system. The proposal would modify large bank capital requirements to better reflect underlying risks and increase the consistency of how banks measure their risks. The changes would implement the final components of the Basel III agreement, also […]

Acting Comptroller Issues Statement in Support of Notice of Proposed Rulemaking to Strengthen Capital Requirements for Large Banks

Related posts: OCC Issues Final Rule Addressing Authority for Exemptions to Suspicious Activity Report Requirements Acting Comptroller Issues Statement on Standards for Stablecoins OCC Releases CRA Evaluations for 29 National Banks and Federal Savings Associations OCC Hosts Denver Workshop for National Community Bank Board Directors, Bank Management

OCC Assesses $15 Million Civil Money Penalty Against American Express National Bank Related to Bank’s Governance and Oversight of Third-Party Affiliate

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a $15 million civil money penalty against American Express National Bank (American Express) for failing to govern and oversee a third-party affiliate and for violations of regulations relating to certain efforts to retain small business customers. The OCC found that American Express failed to […]

Acting Comptroller Discusses Delivering Financial Education and Banking Services in Indian Country

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed the role of national banks and federal savings associations in delivering capital and other financial services to support economic development, housing, and other needs in Indian Country in remarks prepared for delivery at the Financial Literacy and Education Commission meeting. In his remarks, Mr. Hsu […]

OCC Hosts Risk Governance and Capital Markets Workshops in Cincinnati

WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host two workshops August 8-9 in Cincinnati for directors, senior management, and other key executives of national community banks and federal savings associations. The Risk Governance: Improving Effectiveness workshop on August 8 combines lectures, discussion, and exercises to provide practical information for participants to effectively […]

Office of the Comptroller of the Currency Promotes Financial Literacy at Capitol Hill Event

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today promoted financial literacy education by participating in the annual Jump$tart Coalition Financial Literacy Day on Capitol Hill. At the event, OCC staff distributed materials to attendees including members of Congress, their staff, the Capitol Hill community, and the public to promote financial literacy education and […]

Senior Deputy Comptroller for Large Bank Supervision Testifies on Climate-Related Financial Risks

WASHINGTON—Office of the Comptroller of the Currency (OCC) Senior Deputy Comptroller for Large Bank Supervision Greg Coleman today testified before the U.S. House of Representatives’ Committee on Financial Services’ Subcommittee on Financial Institutions and Monetary Policy on the agency’s supervision of climate-related financial risks. In his testimony, Mr. Coleman discussed the OCC’s supervision activities at […]