[Federal Register Volume 85, Number 136 (Wednesday, July 15, 2020)]
[Notices]
[Pages 42980-42981]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-15259]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

[Docket ID: OCC-2020-0028]


Mutual Savings Association Advisory Committee and Minority 
Depository Institutions Advisory Committee

AGENCY: Office of the Comptroller of the Currency, Department of the 
Treasury (OCC).

ACTION: Request for nominations.

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SUMMARY: The OCC is seeking nominations for members of the Mutual 
Savings Association Advisory Committee (MSAAC) and the Minority 
Depository Institutions Advisory Committee (MDIAC). The MSAAC and the 
MDIAC assist the OCC in assessing the needs and challenges facing 
mutual savings associations and minority depository institutions, 
respectively. The OCC is seeking nominations 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. The OCC also is seeking nominations 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.

DATES: Nominations must be received on or before September 8, 2020.

ADDRESSES: Nominations of MSAAC members should be sent to 
[email protected] or mailed to: Michael R. Brickman, 
Deputy Comptroller for Thrift Supervision, 400 7th Street SW, 
Washington, DC 20219.
    Nominations of MDIAC members should be sent to 
[email protected] or mailed to: Beverly F. Cole, Deputy 
Comptroller for the Northeastern District, 340 Madison Ave, Fifth 
Floor, New York, NY 10173.

FOR FURTHER INFORMATION CONTACT: For inquires regarding the MSAAC, 
Michael R. Brickman, Deputy Comptroller for Thrift Supervision: 
[email protected] or (202) 649-5420.
    For inquires regarding the MDIAC, Beverly F. Cole, Deputy 
Comptroller for the Northeastern District: 
[email protected] or (212) 340-4001.

SUPPLEMENTARY INFORMATION: The MSAAC and the MDIAC will be

[[Page 42981]]

administered in accordance with the Federal Advisory Committee Act, 5 
U.S.C. App. 2. The MSAAC will advise the OCC on meeting the goals 
established by section 5(a) of the Home Owners' Loan Act, 12 U.S.C. 
1464. The MSAAC will advise the OCC regarding mutual savings 
associations on means to: (1) Provide for the organization, 
incorporation, examination, operation and regulation of associations to 
be known as federal savings associations (including federal savings 
banks); and (2) issue charters therefore, giving primary consideration 
of the best practices of thrift institutions in the United States. The 
MSAAC will help meet those goals by providing the OCC with informed 
advice and recommendations regarding the current and future 
circumstances and needs of mutual savings associations. The MDIAC will 
advise the OCC on ways to meet the goals established by section 308 of 
the Financial Institutions Reform, Recovery, and Enforcement Act of 
1989, Public Law 101-73, Title III, 103 Stat. 353, 12 U.S.C. 1463 note. 
The goals of section 308 are to preserve the present number of minority 
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 
institutions. The MDIAC will help the OCC meet those goals by providing 
informed advice and recommendations regarding a range of issues 
involving minority depository institutions. Nominations should describe 
and document the proposed member's qualifications for MSAAC or MDIAC 
membership, as appropriate. Existing MSAAC or MDIAC members may reapply 
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 MSAAC and MDIAC 
members will not be compensated for their time but will be eligible for 
reimbursement of travel expenses in accordance with applicable federal 
law and regulations.

Brian P. Brooks,
Acting Comptroller of the Currency.
[FR Doc. 2020-15259 Filed 7-14-20; 8:45 am]
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