A 10-member committee made up of federal savings association leaders will discuss “current topics of interest” to the industry during a public meeting July 24 at the Washington, D.C., headquarters of the Office of the Comptroller of the Currency (OCC).
The panel, called the Mutual Savings Associations Advisory Committee (MSAAC), reports to the OCC and advises it on the chartering, regulation and supervision of federal savings associations, including federal savings banks. The group’s focus is on regulatory or other changes the OCC may make to ensure the health and viability of mutual savings associations. The current committee roster includes the CEOs and one chairman from both mutual and stock savings associations.
The July 24 meeting is set to begin at 1 p.m. ET. Members of the public may submit written statements to the MSAAC; the OCC must receive written statements no later than 5 p.m. ET on July 17. Those who wish to attend the open meeting should contact the OCC, also by 5 p.m. July 17, to let OCC know and get information on how to gain entry; to do so, send an e-mail to MSAAC@OCC.treas.gov, or call 202-649-5420.
The advisory committee meeting precedes a July 25 OCC/Federal Deposit Insurance Corp. (FDIC) Joint Mutual Forum, also in Washington. The forum is being held to promote the operations of mutual depository institutions and discuss industry trends.