Acting Comptroller Issues Statements at FDIC Board Meeting on Bank Merger Policy and Recordkeeping

Related posts: OCC Announces Executive Assignments in Chief Counsel’s Office OCC Announces Deputy Comptroller for Systemic Risk Identification and Support Acting Comptroller Issues Statement on Financial Stability Oversight Council’s Annual Report Acting Comptroller Issues Statement on FDIC Industrial Loan Company Application

Acting Comptroller Issues Statement Promoting Accountability at the FDIC

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement in support of his vote on a Federal Deposit Insurance Corporation (FDIC) resolution to support a safe, fair and inclusive workplace for all FDIC employees. Yesterday, I joined the Board in supporting a resolution promoting accountability at the FDIC. This action is […]

Mark Thomas Named Chief Financial Officer

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the selection of Mark Thomas to be the agency’s Principal Deputy Comptroller for Management and Chief Financial Officer. In this role, Mr. Thomas will oversee the agency’s planning and execution of its annual operating budget. In addition to his financial duties, Mr. Thomas is […]

Acting Comptroller Issues Statements on Bank Liquidity and Bank Resolvability

Related posts: Comptroller of the Currency Joseph Otting to Step Down, Brian P. Brooks to Become Acting Comptroller of the Currency on May 29, 2020 Office of the Comptroller of the Currency to Close June 18 in Recognition of Juneteenth OCC Announces Executive Director for Office of Minority and Women Inclusion Acting Comptroller Issues Statement […]

Acting Comptroller Issues Statement on FDIC Industrial Loan Company Application

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 […]

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 […]