The Office of the Comptroller of the Currency provided guidance on how the OCC's supervisory approach and processes are applied to the asset management activities of national banks.
News & Insights
The Federal Reserve Board revised the interest rate paid on balances held by Federal Reserve Banks or eligible institutions.
The Federal Reserve Board adopted amendments to the reserve requirements for depository institutions to (i) create a new single "interest on reserve balances" rate and (ii) simplify the formula for payment of interest on balances.
An OCC final rule that codifies an exception to the withdrawal period for banks that administer a collective investment fund primarily invested in real estate or other non-readily marketable assets was published in the Federal Register.
The OCC adopted a final rule that codifies an exception to the withdrawal period for banks that administer a collective investment fund primarily invested in real estate or other non-readily marketable assets.