News Release 2020-3 | January 6, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Brian James as Deputy Comptroller for the Central District. In this role, Mr. James will oversee 320 community banks and federal savings associations and manage more than 380 examiners and other professional personnel who ensure […]
Category Archives: U.S. Treasury
OCC Releases CRA Evaluations for 24 National Banks and Federal Savings Associations
News Release 2020-2 | January 2, 2020 Share This Page: 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 December 1, 2019 through December 31, 2019. The list contains only national banks, federal savings associations, and insured federal […]
OCC Releases 2020 Schedule of Workshops for Directors and Senior Management of National Community Banks and Federal Savings Associations
News Release 2020-1 | January 2, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced its 2020 schedule of workshops for board directors and bank management of national community banks and federal savings associations. The OCC examiner-led workshops provide practical training and guidance to directors of national community banks and […]
Community Reinvestment Act Regulations: Revision of Small and Intermediate Small Bank and Savings Association Asset Thresholds
OCC Bulletin 2019-66| December 31, 2019 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties Summary On December 30, 2019, the Office of the Comptroller of the Currency (OCC) published in the Federal Register revisions to its Community Reinvestment […]
Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions
News Release 2019-153 | December 31, 2019 Share This Page: Joint Release Federal Deposit Insurance CorporationFederal Reserve Board of Governors Office of the Comptroller of the Currency WASHINGTON—The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings […]
Agencies Extend Comment Period for Proposed Rule to Amend Swap Margin Rules
News Release 2019-152 | December 20, 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 they will reopen and extend until January 23, 2020, the comment period on a proposal to change […]
Treasury Sanctions Individuals for Prolonging Violence and Threatening Humanitarian Assistance in Mali
Action Taken Concurrently with the UN Security Council Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned five Malian individuals pursuant to Executive Order (E.O.) 13882. This action, the first pursuant to this E.O., targets individuals threatening the peace, security, or stability of Mali, as well as an […]
OCC Reports Mortgage Performance Improves Slightly
News Release 2019-150 | December 19, 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 third quarter of 2019. The OCC Mortgage Metrics Report, Third Quarter 2019 showed 96.4 percent of mortgages included in the […]
Statement from United States Treasury Secretary Steven T. Mnuchin on the Passage of the United States-Mexico-Canada Agreement (USMCA) in the House of Representatives:
Today’s passage of the United States-Canada-Mexico Agreement (USMCA) negotiated by Ambassador Lighthizer and the U.S. team is another big step forward in advancing President Trump’s trade agenda. As the President promised, the agreement is a significant achievement in modernizing and rebalancing our trade relationship with Canada and Mexico, delivering a more level playing field for […]
Treasury and IRS Issue Final Regulations on Opportunity Zones
Washington –The U.S. Treasury Department and the IRS today issued final regulations implementing the Opportunity Zones tax incentive. Opportunity Zones, created by the Tax Cuts and Jobs Act, offer capital gains tax relief for investments in economically distressed areas. “Opportunity Zones are helping to revitalize communities and create jobs for hardworking Americans,” said Secretary Steven […]