The Office of the Comptroller of the Currency (OCC) issued a statement regarding its current approach, and provided links to resources for banks, federal savings associations, federal branches of foreign banks in the US, and customers.
The OCC is an independent bureau of the US Department of the Treasury with primary regulatory oversight of banks chartered under the National Bank Act and federal savings associations chartered under the Home Owners’ Loan Act.
The OCC aims to ensure that banks it supervises “operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations.”
The OCC is working cooperatively with all state and federal banking agencies and other organizations to regulated institutions and their customers in managing the impact of the outbreak. If you have questions concerning the operations of your financial institution, please call your financial institution or visit your financial institution’s website.