OCC renews MDI, MSA advisory committee charters, invites nominations to both panels

The Office of the Comptroller of the Currency on Tuesday announced two-year renewals of charters for the agency’s Minority Depository Institutions Advisory Committee (MDIAC) and Mutual Savings Association Advisory Committee (MSAAC) and issued calls for nominations to both, the agency announced Tuesday.

Charters for both the MDIAC and MSAAC for the OCC have been renewed for two years dating from June 23, 2022, according to notices in Tuesday’s Federal Register. Nominations to both panels are due Sept. 6.

The MDIAC, the agency said, assists the OCC in assessing the needs and challenges facing minority depository institutions. The panel, the charter states, is charged with providing advice on meeting the goals established by section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to preserve the present number of minority depository institutions, preserve the minority character of minority-owned institutions in cases involving mergers or acquisitions, provide technical assistance, and encourage the creation of new minority depository institutions.

The OCC is seeking nominations to the MDIAC of 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.

The MSAAC provides advice and information to the comptroller on the condition of mutual savings associations, the regulatory changes or other steps the OCC may be able to take to ensure the health and viability of mutual savings associations, and other issues of concern to mutual savings associations, the OCC said. The committee includes officers and directors of federal mutual savings associations of all types, sizes, operating strategies, and geographic areas, as well as from federal savings associations in a mutual holding company structure.

The OCC is seeking nominations to the MSAAC of individuals who are officers and/or directors of federal mutual savings associations, or officers and/or directors of federal stock savings associations that are part of a mutual holding company structure, to be considered for selection as MSAAC members.

Request for nominations to MDIAC, MSAAC (Federal Register notice)
MDIAC charter renewal (Federal Register notice)
MSAAC charter renewal (Federal Register notice)

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