News Release 2019-10 | January 30, 2019

OCC Allows National Banks and Federal Savings Associations Affected by Severe Winter Weather to Close

WASHINGTON — The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks affected by severe winter weather in the Midwest and Northeast regions of the United States to close.

In issuing the proclamation, the OCC expects that only those bank offices directly affected by potentially unsafe conditions will close. Those offices should make every effort to reopen as quickly as possible to address the banking needs of their customers.

OCC Bulletin 2012-28 “Supervisory Guidance on Natural Disasters and Other Emergency Conditions” lists some actions bankers could consider implementing when their bank operates or has customers in areas that are affected by a natural disaster or other emergency condition.

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