WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement at yesterday’s Federal Deposit Insurance Corporation (FDIC) board meeting regarding the application from Thrivent Financial for federal deposit insurance. I support the deposit insurance application for a proposed industrial bank to be owned by Thrivent Financial for Lutherans (Thrivent Financial). Thrivent Financial, a […]
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Acting Comptroller Issues Statement on New Reporting Channels for FDIC Complaints
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement at yesterday’s Federal Deposit Insurance Corporation (FDIC) board meeting regarding the creation of the Office of Professional Conduct and the Office of Equal Employment Opportunity. I strongly support the creation of the Office of Professional Conduct (OPC) and the Office of Equal Employment […]
Acting Comptroller Issues Statement on Financial Stability Oversight Council’s Annual Report
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement at the Financial Stability Oversight Council (FSOC) meeting: Madam Secretary, we have seen a number of stresses and challenges in the financial system this past year. I would like to thank you for your strong and committed leadership of the Council during […]
OCC Issues Annual Report for 2023
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today published its 2023 Annual Report. The OCC Annual Report provides Congress with an overview of the condition of the federal banking system, discusses the OCC’s strategic priorities and initiatives, and shares the agency’s financial management and condition. In 2023, the OCC marked its 160th anniversary […]
Acting Comptroller Issues Statement at Financial Stability Oversight Council Meeting on Nonbank Designations Guidance
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 leadership of the Council on this issue. I strongly support the adoption of the Nonbank Designations Guidance and analytic framework. The Dodd-Frank Act provides the Council with a number […]
Monica Fuentes Freas Named Deputy Comptroller for Large Bank Supervision
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the selection of Monica Fuentes Freas as a Deputy Comptroller for Large Bank Supervision (LBS). In this role, Ms. Freas will manage the supervision of a portion of the OCC’s large bank portfolio. She joins three other Deputies for Large Bank Supervision providing oversight […]
OCC Announces Executive Director for Office of Minority and Women Inclusion
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Shinu Shilesh as the Executive Director for the agency’s Office of Minority and Women Inclusion. In this role, Ms. Shilesh provides executive direction, sets policies, and oversees all agency matters relating to equal employment opportunity, diversity, equity, inclusion, and accessibility in management, employment, and […]
OCC Establishes Office of Financial Technology
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the establishment of its Office of Financial Technology and the selection of Prashant Bhardwaj to lead the office as Deputy Comptroller and Chief Financial Technology Officer, effective April 10, 2023. In October 2022, the OCC announced that it would expand upon its Office of […]
Acting Comptroller, Former Agency Leaders Celebrate the OCC’s 160th Anniversary
WASHINGTON— Acting Comptroller of the Currency Michael J. Hsu today hosted former Comptrollers and Acting Comptrollers to mark the Office of the Comptroller of the Currency’s (OCC) 160th anniversary of overseeing the federal banking system. Seven former agency leaders joined Acting Comptroller Hsu to reflect on their tenures leading the agency and discuss the value […]
Kristen Baldwin Named OCC Chief Information Officer
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the selection of Kristen Baldwin to be the agency’s Chief Information Officer (CIO), effective February 26, 2023. As CIO, Ms. Baldwin will lead all OCC information technology (IT) programs, supporting the agency’s mission of ensuring that national banks and federal savings associations operate in […]