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Committee Detail

Hide Section - GENERAL INFORMATION

GENERAL INFORMATION

Committee NameOCC Mutual Savings Association Advisory CommitteeAgency NameDepartment of the Treasury
Fiscal Year2019Committee Number42652
Original Establishment Date Committee StatusChartered
Actual Termination Date Committee URLhttp://www.occ.gov/topics/bank-management/mutua...
New Committee This FYNoPresidential Appointments*No
Terminated This FYNoMax Number of Members*10
Current Charter Date9/19/2018Designated Fed Officer Position Title*Deputy Comptroller for Thrift Supervision
Date Of Renewal Charter9/19/2020Designated Federal Officer Prefix
Projected Termination Date Designated Federal Officer First Name*Michael
Exempt From Renewal*NoDesignated Federal Officer Middle NameR
Specific Termination AuthorityDesignated Federal Officer Last Name*Brickman
Establishment Authority*Agency AuthorityDesignated Federal Officer Suffix
Specific Establishment Authority*Treasury Memo Approval by Assistant Secretary for ManagementDesignated Federal Officer Phone*(202) 649-6912
Effective Date Of Authority*11/7/2008Designated Federal Officer Fax*(571) 465-4488
Committee Type*ContinuingDesignated Federal Officer Email*michael.brickman@occ.treas.gov
Presidential*No
Committee Function*Non Scientific Program Advisory Board
Hide Section - RECOMMENDATION/JUSTIFICATIONS

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*Continue
Legislation to Terminate RequiredNo
Legislation StatusNot Applicable
How does cmte accomplish its purpose?*The Committee accomplishes its purpose by meeting to discuss and address the assessment of the current condition of federally-chartered mutual savings associations, what regulatory changes or other steps OCC may be able to take to ensure the continued health and viability of mutual savings associations, and other issues of concern to mutual savings associations. The Committee provides recommendations to the Comptroller of the Currency based on its findings.
How is membership balanced?*In selecting individuals for appointment to the Committee, appropriate consideration is given to selection of mutual savings association officers and directors who have the ability to represent their industry. OCC ensures that diverse views are represented. The 10-member committee includes bankers selected for two year terms. The current members were appointed effective April 26, 2017.
How frequent & relevant are cmte mtgs?*The Committee generally meets three times each fiscal year.
Why advice can't be obtained elsewhere?*OCC recognizes the unique needs of mutual savings associations, particularly during a period of market adjustments and industry change. The Committee will provide OCC with representative perspectives on challenges faced by mutual savings associations and ideas for ensuring their continued health and viability.
Why close or partially close meetings?The meetings of this committee are open. If the committee members and the OCC staff discuss confidential supervisory and financial information, the meeting will be closed.
Recommendation RemarksMutual savings associations have unique governance and operational characteristics and limitations. The committee provides the OCC an opportunity to understand the challenges facing mutual institutions in the evolving financial services marketplace. The OCC recognizes the value of the committee and renewed the MSAAC charter as of October 2018.
Hide Section - PERFORMANCE MEASURES

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*NoAction Reorganize Priorities*No
Outcome Trust In GovernmentNoAction Reallocate ResourcesNo
Outcome Major Policy ChangesNoAction Issued New RegulationsNo
Outcome Advance In Scientific ResearchNoAction Proposed LegislationYes
Outcome Effective Grant MakingNoAction Approved Grants Or Other PaymentsNo
Outcome Improved Service DeliveryNoAction OtherYes
Outcome Increased Customer SatisfactionNoAction CommentOCC issued mutual savings association guidance on July 22, 2014 (see OCC Bulletin 2014-35 http://www.occ.gov/news-issuances/bulletins/2014/bulletin-2014-35.html). OCC and FDIC hosted a joint Mutual Forum on July 23, 2014, August 4, 2016, and July 25, 2018.OCC hosted an OCC Mutual Forum on July 23, 2015 and again on October 18, 2017.On January 13, 2015, OCC published a White Paper entitled An Opportunity for Community Banks: Working Together Collaboratively (http://el.occ/publications/publications-by-type/other-publications-reports/pub-other-community-banks-working-collaborately.PDF). Based on consultation with the committee, OCC advised on the development of HR 1660 - The Federal Savings Association Charter Flexibility Act of 2015. The legislation was included in the 2018 Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA).
Outcome Implement Laws/Reg RequirementsNoGrants Review*No
Outcome OtherNoNumber Of Grants Reviewed0
Outcome CommentPossible outcomes associated with the work of this committee include the review and revision of supervisory guidance in operational and governance areas as the guidance applies to mutual savings associations.Number Of Grants Recommended0
Cost Savings*NoneDollar Value Of Grants Recommended$0.00
Cost Savings CommentIt is not expected that there will be cost savings associated with the committee's recommendations.Grants Review CommentThis committee will not review applications for grants.
Number Of Recommendations*4Access Contact Designated Fed. Officer*Yes
Number Of Recommendations CommentThe Committee is an effective vehicle for the OCC to gain insight into the role and challenges faced by mutual savings associations. The discussion of mutual issues and Committee members’ advice on improvements to the regulatory and supervisory process, contributed to the OCC’s consideration of several initiatives. In 2015,the OCC issued guidance on how community banks can work together to reduce operating costs in a White Paper entitled An Opportunity for Community Banks: Working Together Collaboratively (http://el.occ/publications/publications-by-type/other-publications-reports/pub-other-community-banks-working-collaborately.PDF). The committee also recommended hosting an annual mutual forum, which the OCC has hosted annually since 2015. The FDIC partnered with the OCC to co-host in 2016 and 2018.Access Agency WebsiteYes
% of Recs Fully Implemented*100.00%Access Committee WebsiteNo
% of Recs Fully Implemented CommentThe recommendation to issue guidance on how community banks can work together to reduce operating costs led to a January 13, 2015 White Paper entitled An Opportunity for Community Banks: Working Together Collaboratively (http://el.occ/publications/publications-by-type/other-publications-reports/pub-other-community-banks-working-collaborately.PDF). The OCC hosted an OCC-only annual Mutual Forum in 2015 and 2017. The OCC and FDIC hosted a Joint Mutual Forum in 2016 and 2018. The committee discussion on charter flexibility contributed to the inclusion of the Covered Savings Association provisions in the 2018 Economic Growth, Regulatory Relief, and Consumer Protection Act.Access GSA FACA WebsiteYes
% of Recs Partially Implemented*0.00%Access PublicationsNo
% of Recs Partially Implemented CommentNot applicable, recommendations fully implemented.Access OtherNo
Agency Feedback*YesAccess CommentInformation and documentation regarding this Committee is on the OCC website and by contacting the DFO.
Agency Feedback CommentOCC discussed the recommendations with the committee during development and post-issuance. Feedback from both the committee and the mutual industry was positive.Narrative Description*The OCC Mutual Savings Association Advisory Committee provides advice to the Comptroller and staff of OCC regarding the ongoing supervision of savings associations in the mutual form of organization. This committee supports one of the strategic goals of the agency: To ensure a safe and sound industry.
Hide Section - COSTS

COSTS

Payments to Non-Federal Members* Est Payments to Non-Fed Members Next FY* 
Payments to Federal Members* Est. Payments to Fed Members Next FY* 
Payments to Federal Staff* Estimated Payments to Federal Staff* 
Payments to Consultants* Est. Payments to Consultants Next FY* 
Travel Reimb. For Non-Federal Members* Est Travel Reimb Non-Fed Members nextFY* 
Travel Reimb. For Federal Members* Est Travel Reimb For Fed Members* 
Travel Reimb. For Federal Staff* Est. Travel Reimb to Fed Staff Next FY* 
Travel Reimb. For Consultants* Est Travel Reimb to Consultants Next FY* 
Other Costs Est. Other Costs Next FY* 
Total Costs$0.00Est. Total Next FY*$0.00
Federal Staff Support (FTE)* Est. Fed Staff Support Next FY* 
Hide Section - Custom Links

Custom Links

     Committee Level Reports               
Hide Section - MEMBERS,MEETINGS AND ADVISORY REPORTS

MEMBERS,MEETINGS AND ADVISORY REPORTS

To View all the members, meetings and advisory reports for this committee please click here
Hide Section - CHARTERS AND RELATED DOCS

CHARTERS AND RELATED DOCS

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Hide Section - DATA FROM PREVIOUS YEARS

DATA FROM PREVIOUS YEARS

Committee

Data from Previous Years

 
ActionCommittee System IDCommittee NameFiscal Year
 COM-032568OCC Mutual Savings Association Advisory Committee2018
 COM-001769OCC Mutual Savings Association Advisory Committee2017
 COM-002504OCC Mutual Savings Association Advisory Committee2016
 COM-003908OCC Mutual Savings Association Advisory Committee2015
 COM-004287OCC Mutual Savings Association Advisory Committee2014
 COM-006311OCC Mutual Savings Association Advisory Committee2013
 COM-006464OCC Mutual Savings Association Advisory Committee2012
 COM-008126OTS Mutual Savings Association Advisory Committee2011
 COM-008579OTS Mutual Savings Association Advisory Committee2010
 COM-010522OTS Mutual Savings Association Advisory Committee2009