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 in areas of Alabama, Louisiana, Mississippi and Texas affected by Tropical Storm Francine.
In issuing the proclamation, the OCC expects that only those bank offices directly affected by potentially unsafe conditions will close. Those offices should make every effort to reopen as quickly as possible to address the banking needs of their customers.
OCC Bulletin 2012-28, “Supervisory Guidance on Natural Disasters and Other Emergency Conditions” (September 21, 2012), provides guidance on actions bankers could consider implementing when their bank or savings association operates or has customers in areas affected by a natural disaster or other emergency.
WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien…
The Alternative Fuel Vehicle Refueling Property Credit Will Lower Costs for Clean Vehicle Infrastructure and…
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)…
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today approved a final rule updating…
WASHINGTON – Today, the U.S. Department of the Treasury announced that the Arizona Commerce Authority is…