OFFICE OF THE COMPTROLLER OF THE CURRENCY ISSUES NOTICE: OCC POLICY STATEMENT ON MINORITY DEPOSITORY INSTITUTIONS

WASHINGTON, June 22 -- Office of the Comptroller of the Currency has issued a notice called: OCC Policy Statement on Minority Depository Institutions.

The notice was published in the Federal Register on June 22 by Jonathan V. Gould, Comptroller of the Currency.

Summary: The OCC is updating its policy statement on minority and depository institutions (MDI). This update is consistent with the criteria set out in the Executive Order titled, "Ensuring Lawful Governance and Implementing the President's 'Department of Government Efficiency' Deregulatory Initiative." The updated statement aligns the policy statement more closely with the related statute, and it removes information that is vulnerable to obsolescence. The intended effect is for th...