Nominees sought for mutual savings bank, minority depository institution committees

Nominations of members for two advisory committees to the regulator of national banks about mutual savings banks and minority depository institutions will be taken until Oct. 15, the agency states in filings with the Federal Register Friday.

The Office of the Comptroller of the Currency (OCC) said in its filings that it is seeking nominations for memberships in its Mutual Savings Association Advisory Committee (MSAAC) and the Minority Depository Institutions Advisory Committee (MDIAC). which, the OCC said, assist the OCC in “assessing the needs and challenges” facing mutual savings associations and minority depository institutions, respectively.

The agency said nominees should be individuals who are officers and/or directors of OCC- regulated minority depository institutions, or officers and/or directors of other OCC-regulated depository institutions “with a commitment to supporting minority depository institutions, to be considered for selection as MDIAC members.”

In addition, OCC said, incumbent MSAAC or MDIAC members may reapply for positions themselves or may be renominated.

“The OCC will use this nomination process to achieve a balanced advisory committee membership and ensure that diverse views are represented among the membership of officers and directors of mutual and minority institutions,” the agency said.

Committee members are compensated for their time, but are eligible for reimbursement of travel expenses in accordance with applicable federal law and regulations, the OCC said.

Nominations: Mutual Savings Association Advisory Committee and Minority Depository Institutions Advisory Committee