Review court decisions, including a brief summary and link to the full text, as well as OCC submissions of interest. Establishes standards for Federal Reserve-regulated banking organizations that conduct certain types of foreign exchange transactions with retail clients Press release and announcement Just as the National Bank Act established a national banking system, the Federal Reserve Act of 1913 created the Federal Reserve System to oversee it. The mission of the Federal Reserve, commonly referred to as “the Fed,” was to promote economic stability by acting as the nation`s central bank. Today, the Fed is widely known as the entity that raises and lowers interest rates as needed to grow the economy and contain inflation. Require large banking organizations to disclose several measures of their liquidity profile (comments up to 2. February 2016) Press release and announcement Proposed changes Clarification that motor vehicle dealers are not required to comply with certain data collection requirements of the Dodd-Frank Act until final regulations are issued to implement the legal requirements (comments until July 29, 2011) Press release and announcement Changing a capital requirement for the United States Regulates operations International banking organizations and operations U.S. foreign banks in the United States In the years since, Dodd-Frank has suffered several setbacks, most recently in the form of the Tax Cuts and Jobs Act of 2018, which relaxed some banking regulations. Facilitate the ongoing transition of the banking sector to fully electronic collection and return of interbank cheques (comments to 3. June 2011) Press Release and Note Strengthening leverage ratio standards for large, interconnected U.S. companies It would be impossible to briefly describe all the major laws that have helped the U.S. build the system it has today. Nevertheless, the following five steps represent some of the most important steps Congress has taken to strengthen the banking sector and the financial system as a whole.
It would be easy to say that everyone benefits from strong banking regulation – although some banks and other institutions would prefer a less regulated system. For the average American consumer, banking regulation serves to protect the money they save and allows them to borrow money when they need it on fair terms. For business owners, banking regulations offer the same protections while giving them guidelines to stay in compliance with the law. Finally, the U.S. government benefits from proper banking regulation because it can more easily cope with the next crisis. For more information on this topic, see Implementing Measures. Establish risk-based categories for setting supervisory standards for large U.S. banking organizations, amend certain regulatory standards, and make corresponding changes to reporting forms (comments until January 22, 2019) Press release and announcement Learn more about OCC regulations and rules published in the Federal Register.
Review current and past OCC requests for comment and provide feedback on requests that are Regulations.gov still open. Amended swap margin requirements to align with recent rule changes that impose new restrictions on certain eligible financial contracts of systemically important banking institutions (comments until April 23, 2018) Press release and note Proposed amendments Amendment to the general prohibition of the Volcker Rule for banks investing or sponsoring hedge funds or funds Private equity – referred to as “hedged funds” (comments until April 1, 2020) Press release and announcement Find pending and recently enacted laws impacting banks, bank-related consumer affairs, and the U.S. economy. The U.S. banking system is important for maintaining a strong economy. Banking regulation can ensure that banks follow the same rules and compete fairly. It can also help maintain consumers` confidence that they are being treated fairly when they deposit money, apply for a loan, or use any of the many other services offered by banks today. The FDIC prides itself on being an outstanding source for research on the U.S. banking sector, including quarterly banking profiles, working papers, and performance data from public banks. Browse our research tools and detailed reports. The OCC is the primary regulator of banks incorporated under the National Bank Act (12 U.S.C.
1 ff.) and federally licensed savings associations under the Home Owners` Loan Act of 1933 (12 U.S.C. 1461 ff.).
