Joint Statement by the Department of the Treasury, Federal Reserve, FDIC and OCC

WASHINGTON—The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, FDIC Chairman Martin J. Gruenberg and Acting Comptroller of the Currency Michael J. Hsu: Today, 11 banks announced $30 billion in deposits into First Republic Bank. This show of support by a group of large […]

Acting Comptroller Issues Statement on Misuse of FDIC Name, Logo

News Release 2022-53 | May 17, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement at today’s Federal Deposit Insurance Corporation (FDIC) board meeting regarding the final rule on false advertising, misrepresentation of insured status and misuse of the FDIC’s name or logo. I support the final rule implementing […]

Statement on the President’s Intent to Nominate Brian P. Brooks to Serve as Comptroller of the Currency

News Release 2020-152 | November 17, 2020 Share This Page: WASHINGTON—Acting Comptroller of the Currency Brian P. Brooks released the following statement upon the announcement that President Donald J. Trump intends to nominate him to serve as the 32nd Comptroller of the Currency. It is a great honor to have President Donald J. Trump announce his […]

Comptroller Submits Written Statement on the Condition of the Federal Banking System, Regulatory Priorities

News Release 2019-143 | December 4, 2019 Share This Page: WASHINGTON—Comptroller of the Currency Joseph Otting today submitted the attached written statement on the condition of the federal banking system and progress made to achieve the agency’s regulatory priorities to the House Committee on Financial Services. The statement was submitted in lieu of participating in the […]