Office of the Comptroller of the Currency’s Post

Since 1863, the OCC has placed significant importance on the quantity and quality of capital when evaluating the safety and soundness of banks. Read about the evolution of the OCC’s thinking on capital adequacy. https://lnkd.in/e7UBCYBJ

The Mutual Savings Association Advisory Committee helps the OCC assess the state of mutual savings associations and advises on ways to help ensure their continued health and viability. Learn more at https://lnkd.in/eJEwYk4J

The OCC seeks nominees for its advisory committee to provide advice about MDIs, their current condition, and potential regulatory changes that may promote their health and viability. More info at https://lnkd.in/eCu9ZhMn

Given the high degree of uncertainty in today’s environment, banks should be prepared for a wide range of risks. Being vigilant and guarding against complacency will help ensure that the banking system remains safe, sound, and fair.

Read about credit enhancements to help lenders finance essential community facilities in rural areas. https://lnkd.in/e-sM3fr2

The OCC wishes everyone a happy and safe Independence Day!

Threat actors continue to exploit publicly known software vulnerabilities and weak authentication controls. It is essential that OCC banks maintain heightened threat monitoring and effective controls to safeguard against disruptive financial sector attacks.

The OCC identified Financial Health Vital Signs banks may use to assess customers’ financial health and consider integrating into their assessment of current or planned products and services. Read about how banks can measure and support customer financial health outcomes: https://lnkd.in/eAQQX8Eg

Money.gov is a trusted resource for financial literacy information and education. Resources include online calculators, budget worksheets and planning checklists. www.mymoney.gov