Acting Comptroller of the Currency Issues Statement in Support of the FSOC’s Climate-related Financial Risk Committee

News Release 2021-139 | December 17, 2021 Share This Page: WASHINGTON— Acting Comptroller of the Currency Michael J. Hsu today released the following statement in support of the Financial Stability Oversight Council’s (FSOC) new Climate-related Financial Risk Committee. I fully support the FSOC’s vote today to create the Climate-related Financial Risk Committee (CFRC). The CFRC will […]

Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Tornadoes

News Release 2021-135 | December 15, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConference of State Bank SupervisorsFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency The Office of the Comptroller of the Currency, Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union […]

Acting Comptroller of the Currency Issues Statement in Support of the NGFS Glasgow Declaration

News Release 2021-114 | November 3, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today released the following statement in support of the Network for Greening the Financial System (NGFS) Glasgow Declaration. The harmful impacts from climate change are real, recognize no geographic boundaries, and cannot be ignored. Since the OCC joined […]

Statement by the Acting Comptroller of the Currency on FSOC Climate Change Report

News Release 2021-108 | October 21, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu made the following statement today at the meeting of the Financial Stability Oversight Council (FSOC) with respect to the FSOC Climate Change Report: Thank you, Madam Chair, and thank you to the FSOC and interagency staff for today’s […]

Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by California Wildfires

News Release 2021-89 | August 31, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConference of State Bank SupervisorsFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency The Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit […]

Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Ida

News Release 2021-88 | August 30, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConference of State Bank SupervisorsFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency The Office of the Comptroller of the Currency, Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union […]

OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Ida to Close

News Release 2021-86 | August 27, 2021 Share This Page: 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 along the Gulf Coast of the United States and in other areas impacted by Hurricane Ida […]

Acting Comptroller of the Currency Testifies on the Condition of the Federal Banking System

News Release 2021-56 | May 19, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today testified before the U.S. House Financial Services Committee on the condition of the federal bankings system, the agency’s response to the COVID-19 pandemic, and its efforts to promote diversity and inclusion. Mr. Hsu’s testimony also included a […]

Acting Comptroller of the Currency Statement Regarding Climate Risk at the Financial Stability Oversight Council

News Release 2021-40 | March 31, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Blake Paulson made the following statement today at the meeting of the Financial Stability Oversight Council (FSOC) with respect to climate risks: Thank you, Madam Secretary and thank you for your leadership of this body as we meet for the first […]

OCC Allows National Banks and Federal Savings Associations Affected by Winter Storm Uri to Close

News Release 2021-21 | February 16, 2021 Share This Page: 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 affected by emergency weather conditions associated with Winter Storm Uri at their discretion. In […]