OCC

Interagency Statement: Agencies to Give Favorable CRA Consideration to Revitalization Activities in Disaster Areas Affected by Hurricane Maria

OCC Statement FDIC Statement Federal Reserve Statement The federal bank regulatory agencies today announced they will give favorable consideration under Community Reinvestment Act (CRA) regulations to institutions that are located outside of the U.S. Virgin Islands and Puerto Rico, which were designated as major disaster areas in the aftermath of Hurricane Maria, for bank activities…

OCC: CRA Evaluations for 15 National Banks and Federal Savings Associations Released

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 December 1, 2017 through December 31, 2017.  The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.  The…

Interagency Guidance: 2018 Annual CRA Asset-Size Threshold Adjustments Released

FDIC Release Federal Reserve Release OCC Release The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations. The annual adjustments are required by the CRA rules. Financial institutions…

Interagency Guidance: Examiner Guidance for Institutions Affected by Major Disasters Released

Printable Format: FDIC FIL-62-2017 – PDF (PDF Help) OCC Bulletin 2017-61 Federal Reserve SR 17-14 Summary: The federal financial institution regulatory agencies, in consultation with the Conference of State Bank Supervisors, have jointly issued the attached guidance outlining the supervisory practices to be followed in assessing the financial condition of insured depository institutions and branches and…

OCC: CRA Evaluations for 29 National Banks and Federal Savings Associations Released

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 November 1, 2017 through November 30, 2017.  The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.  The…

OCC: First and Second Quarter 2018 CRA Evaluation Schedule Issued

The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the first and second quarters of 2018. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA, and suggests that comments be…

OCC: Joseph M. Otting Takes Office as the 31st Comptroller of the Currency

Joseph M. Otting today became the 31st Comptroller of the Currency, after being sworn into office by Secretary of the Treasury Steven T. Mnuchin and being confirmed by the U.S. Senate on November 16, 2017. President Donald Trump nominated Mr. Otting in June 2017. The U.S. Senate confirmed him on November 16, 2017. Mr. Otting…

Joint Release: Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans

The Consumer Financial Protection Bureau (CFPB), Board of Governors of the Federal Reserve System, and Office of the Comptroller of the Currency (OCC) today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2018 will increase from $25,500 to $26,000. The threshold amount will be effective January 1,…

OCC: Acting Comptroller Explores the Separation of Banking and Commerce

Acting Comptroller of the Currency Keith A. Noreika today explored how the separation of banking and commerce evolved in the United States and called for a broader discussion of whether the separation continues to serve the best interest of the nation’s banking system and economy today. Related Links Remarks (PDF) Acting Comptroller of the Currency…

OCC: Acting Comptroller Discusses Efforts to Promote Lending and Investment in Distressed Communities

Acting Comptroller of the Currency Keith A. Noreika today discussed efforts by the Office of the Comptroller of the Currency (OCC) to support lending and investment in distressed communities. During remarks at the National Association of Affordable Home Lenders Annual Conference, the Acting Comptroller described guidance finalized by the OCC in August that gives national…