Search Results for keywords:"Office of the Comptroller of the Currency"

Found 4 results

Search Results: keywords:"Office of the Comptroller of the Currency"

View All
Oldest Newest
  • 2025-02481 — Agency Information Collection Activities: Information Collection Renewal; Comment Request; Covered Savings Associations Notice
    💰
    Type:Notice
    Citation:90 FR 9355
    Reading Time:about 5 minutes

    The Office of the Comptroller of the Currency (OCC), part of the Treasury Department, is seeking public comments on an information collection titled "Covered Savings Associations Notice," in line with the Paperwork Reduction Act (PRA). This notice aims to reduce paperwork and ensure efficiency by renewing procedures that allow certain Federal savings associations to operate with the same rights as national banks. Comments on the proposal should be submitted by April 14, 2025, and will be considered in the final decision process. The OCC is particularly interested in feedback on the necessity, clarity, and burden of the information collection.

    Simple Explanation

    The OCC wants to hear what people think about how some savings banks can have the same rules as big banks, and they're asking everyone to share their thoughts by April 14, 2025. They want to know if the information they ask for is easy to understand and not too much work for the banks.

  • 2025-06658 — Agency Information Collection Activities: Information Collection Renewal; Comment Request; Market Risk
    💰
    Type:Notice
    Citation:90 FR 16590
    Reading Time:about 7 minutes

    The Office of the Comptroller of the Currency (OCC) is inviting public comments on the renewal of an information collection related to "Market Risk," as part of its ongoing effort to reduce paperwork and respondent burden, in line with the Paperwork Reduction Act of 1995. According to this rule, national banks and federal savings associations with significant market risk exposure are required to adhere to specific guidelines for managing and disclosing this risk. Public comments on the necessity, accuracy, and ways to improve the information collection process are due by June 17, 2025. The OCC aims to ensure that these financial institutions maintain sufficient capital adequacy for their market risk level through these regulations.

    Simple Explanation

    The Office of the Comptroller of the Currency (OCC) is asking people to share their thoughts on a plan that makes big banks tell how they handle risks in the market, aiming to make sure they have enough money to cover these risks. They want ideas on making the rules easier and less time-consuming, and people need to give their ideas by June 17, 2025.

  • 2021-03210 — Agency Information Collection Activities; Submission for OMB Review; Comment Request
    💰
    Type:Notice
    Citation:86 FR 10157
    Reading Time:about 15 minutes

    The Office of the Comptroller of the Currency, the Federal Reserve System, and the Federal Deposit Insurance Corporation are seeking public comments on proposed updates to the Consolidated Reports of Condition and Income, also known as Call Reports. These updates, intended to remain effective through 2021, address changes in asset measurement dates due to temporary asset growth linked to relief programs from the COVID-19 pandemic. The modifications aim to help financial institutions manage reporting burdens by allowing them to use asset figures from either December 2019 or June 2020 for determining their reporting requirements for the upcoming year. The agencies are inviting feedback about the utility, accuracy, and potential burden of these changes as they move forward with the proposal.

    Simple Explanation

    The government wants to hear from people about new rules for banks to report the money they have. These rules let banks choose older numbers to make reporting easier during the pandemic, and the government wants to know if people think this plan is helpful or too complicated.

  • 2024-28227 — Joint Report to Congressional Committees: Differences in Accounting and Capital Standards Among the Federal Banking Agencies as of September 30, 2024
    💰
    Type:Notice
    Citation:89 FR 95786
    Reading Time:about 12 minutes

    The Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation issued a report to Congress. As of September 30, 2024, they found no major differences in the accounting and capital standards for the banks they oversee. While there are some minor differences concerning definitions and rules, these do not significantly affect the institutions. The report highlights how certain rules apply differently to specific banking groups due to legal and regulatory requirements.

    Simple Explanation

    The report shows that three important groups who watch over banks found that they all mostly follow the same rules for how banks should manage their money. Even though there are small differences in the rules for some banks, these don’t change things too much.