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News Release 2014-170
December 17, 2014
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WASHINGTON — The Office of the Comptroller of the Currency (OCC) reports credit risk increased among national banks and federal savings associations during the first six months of 2014, according to its semiannual report on risks facing the federal banking system.
The OCC’s Semiannual Risk Perspective for Fall 2014 noted declining revenues and profitability in OCC-supervised institutions contributed to the increasing credit risk within the banking sector.
Other key findings from the report include:
The report presents data in five main areas: the operating environment; bank condition; key risk issues; the range of practice in interest rate risk modeling; and regulatory actions. It focuses on issues that pose threats to the safety and soundness of those financial institutions regulated by the OCC and is intended as a resource to the industry, examiners, and the public. The report reflects data as of June 30, 2014.
Stephanie Collins (202) 649-6870