February 27, 2017

OCC: Supporting America Saves Week

WASHINGTON — Comptroller of the Currency Thomas J. Curry today released the following statement in recognition of America Saves Week, February 27 – March 4, 2017:

The Office of the Comptroller of the Currency supports America Saves Week to highlight the importance of building regular savings to meet future needs, achieve a level of financial independence, and build wealth.

National banks and federal savings associations play a vital role in helping Americans save for short-term goals like building an emergency fund, and long-term goals like a home or college. Even small, regular savings build up over time. During America Saves Week, and throughout the year, financial institutions offer tools and services for millions to help meet their financial goals.

I encourage banks and savings associations, particularly those partnering with community organizations, to continue to seek responsible, innovative and proactive solutions that make achieving financial goals easier and more accessible to everyone. Institutions can promote savings through activities that include:

The OCC offers a range of resources on saving and financial literacy on its website, www.occ.gov. The OCC’s District Community Affairs Officers also are available nationwide to provide information about programs that banks can start to promote savings.

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This post was originally published here.