News Release 2019-137 | November 20, 2019 Share This Page: WASHINGTON—Deputy Comptroller for the Northeastern District Beverly Cole today described agency efforts to support minority depository institutions. Her remarks came during testimony before the Subcommittee on Consumer Protection and Financial Institutions of the House Committee on Financial Services. Related Links Media Contact Bryan Hubbard(202) 649-6870 Related […]
Category Archives: Office of the Comptroller of the Currency
Federal Bank Regulatory Agencies Finalize Rule to Update Calculation of Counterparty Credit Risk for Derivative Contracts
News Release 2019-136 | November 19, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of Comptroller of the Currency Three federal bank regulatory agencies on Tuesday jointly announced a final rule updating how certain banking organizations are required to measure counterparty credit risk for derivative contracts under […]
Agencies Finalize Changes to Supplementary Leverage Ratio as Required by Economic Growth, Regulatory Relief, and Consumer Protection Act
News Release 2019-135 | November 19, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The federal bank regulatory agencies have finalized changes to a capital requirement for banking organizations predominantly engaged in custodial activities, as required by the Economic Growth, Regulatory […]
Federal Bank Regulatory Agencies Issue Final Rule on Treatment of High Volatility Commercial Real Estate
News Release 2019-134 | November 19, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency WASHINGTON—Three federal bank regulatory agencies finalized a rule to modify the treatment of high volatility commercial real estate (HVCRE) exposures as required by the Economic Growth, Regulatory […]
Comptroller Acts to Promote the Safe, Sound, and Fair Operation of the Federal Banking System
News Release 2019-133 | November 19, 2019 Share This Page: WASHINGTON—The Comptroller of the Currency today approved the following interagency final rules to promote the safe, sound, and fair operation of the federal banking system. The final rules will be published in the Federal Register after adoption by the Federal Deposit Insurance Corporation and the Board […]
OCC Proposes Rule to Clarify “Valid When Made” Doctrine
News Release 2019-132 | November 18, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is soliciting comments on a proposed rule to clarify that when a national bank or savings association sells, assigns, or otherwise transfers a loan, interest permissible prior to the transfer continues to be permissible following the transfer. […]
Kevin Greenfield Named Deputy Comptroller for Operational Risk
News Release 2019-131 | November 7, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Kevin Greenfield would become the agency’s Deputy Comptroller for Operational Risk. In this role, Mr. Greenfield will oversee development of policy and examination procedures addressing operational risk, bank information technology, cybersecurity, critical infrastructure resilience, payments […]
Counterfeit Official Checks and Fictitious Cashier’s Checks of First Federal Savings Bank, Ottawa, Ill.
Alert 2019-9| November 4, 2019 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel The […]
OCC Appoints Receiver for City National Bank of New Jersey, Newark, New Jersey
News Release 2019-130 | November 1, 2019 Share This Page: WASHINGTON – The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for City National Bank of New Jersey, Newark, New Jersey, a national bank (bank). The bank had branch offices in Newark and New York City. […]
OCC Releases CRA Evaluations for 37 National Banks and Federal Savings Associations
News Release 2019-129 | November 1, 2019 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 October 1, 2019 through October 31, 2019. The list contains only national banks, federal savings associations, and insured federal […]