Federal Register #2026-12364

OCC Policy Statement Update on Minority Depository Institutions

This opportunity is an updated policy statement from the Office of the Comptroller of the Currency (OCC) regarding minority depository institutions (MDIs): - Government Buyer: - Office of the Comptroller of the Currency (OCC), U.S. Department of the Treasury - No OEMs, vendors, or commercial products/services are mentioned, as this is a policy update, not a procurement - Key Policy Updates: - Revises the definition of MDIs to align with the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) - Clarifies ownership thresholds for MDI designation - Removes outdated or potentially obsolete information from the policy - Outlines the process for formation, designation, and ongoing review of MDIs - Maintains current MDI designations and describes procedures for future designations and reviews - Requires annual reporting to Congress on the status of MDIs - No products, part numbers, or quantities are requested - No unique technical or procurement requirements are present, as this is not a solicitation

Description

The Office of the Comptroller of the Currency (OCC) is updating its policy statement on minority and depository institutions (MDI). The update aligns the policy statement more closely with the related statute and removes information vulnerable to obsolescence, ensuring the policy remains accurate and supported by statute for years to come. The update maintains the MDI designations of current MDIs and revises the definition of an MDI to align with the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). The policy outlines the formation, designation, and ongoing review process for MDIs, including ownership thresholds and consultation requirements.

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