OCC 

Comptroller shows support for minority depository institutions. Comptroller of the Currency Thomas J. Curry discussed the OCC’s support for minority depository institutions and community development financial institutions during remarks at the 2017 Interagency Minority Depository Institutions and Community Development Financial Institutions Conference. (4/5/2017) 

OCC to host Risk Governance and Credit Risk workshops in Des Moines. The OCC announced that it will be hosting two workshops at the Holiday Inn Des Moines Downtown-Mercy Area, Des Moines, Iowa, May 9-10, for directors of national community banks and federal savings associations supervised by the OCC. The May 9 Risk Governance workshop will provide practical information for directors to effectively measure and manage risks. The workshop will also focus on the OCC’s approach to risk-based supervision and major risks in the financial industry. The May 10 Credit Risk workshop will focus on credit risk within the loan portfolio, the roles of the board and management, how to stay informed of changes in credit risk, and how to effect change. (4/4/2017) 

Risk Governance and Credit Risk workshops to be held in Charlotte. The OCC announced that it will be hosting two workshops at the Sheraton Charlotte Airport Hotel, Charlotte, NC, April 25-26, for directors of national community banks and federal savings associations supervised by the OCC. The Risk Governance workshop on April 25 will provide practical information for directors to effectively measure and manage risks, and will also focus on the OCC’s approach to risk-based supervision and major risks in the financial industry. The Credit Risk workshop on April 26 will focus on credit risk within the loan portfolio, the roles of the board and management, how to stay informed of changes in credit risk, and how to effect change. (3/24/2017) 

Mortgage performance continues to improve. The OCC announced that, according to its most recent quarterly report on mortgages, the overall performance of first-lien mortgages continues to improve while the number of loans in delinquency continues to decline. The OCC Mortgage Metrics Report, Fourth Quarter 2016, showed 94.7 percent of mortgages included in the report were current and performing at the end of the quarter, compared to 94.1 percent a year earlier. (3/24/2017) 

Fourth quarter 2016 bank trading revenue increased to US$6 billion. The OCC announced that it has released its Quarterly Report on Bank Trading and Derivatives Activities. According to the report, trading revenue of US commercial banks and savings associations increased to US$6 billion in the fourth quarter of 2016, US$1.7 billion higher than the fourth quarter a year earlier. (3/23/2017) 

Banking agencies issue joint report to Congress under EGRPRA. The FFIEC announced that its member agencies, continuing their efforts to reduce regulatory burdens while ensuring the safety and soundness of the nation’s financial institutions, issued a joint report to Congress detailing their review of rules affecting financial institutions. The review was conducted as part of the EGRPRA by the Board of Governors of the Federal Reserve System, the OCC, and the FDIC, and in conjunction with the NCUA. (3/21/2017)

FDIC 

FDIC hosting economic inclusion summit in Virginia. The FDIC announced that it will host an Economic Inclusion Summit on Wednesday, April 26, to discuss “Strategies to Bring Consumers into the Financial Mainstream.” (4/7/2017) 

FDIC and Federal Reserve complete resolution plan evaluation of 16 domestic firms, issue guidance to four foreign banking organizations. The FDIC and the Federal Reserve jointly announced that they had completed their evaluation of the 2015 resolution plans of 16 domestic banks and separately issued guidance to four foreign banks. (3/24/2017) 

Federal Reserve

Annual financial statements. The Federal Reserve announced its release of the 2016 combined annual audited financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks and the Board of Governors. (3/24/2017)   

CFPB 

Proposal to provide flexibility to mortgage lenders in collecting information. The CFPB announced its release of a proposal to amend Equal Credit Opportunity Act regulations to provide additional flexibility for mortgage lenders in the collection of consumer ethnicity and race information. According to the agency, the proposed amendments will provide greater clarity to lenders as to their obligations under the law, while promoting compliance with rules intended to ensure consumers are treated fairly. Comments on the proposal are due 30 days after its publication in the Federal Register. (3/24/2017)