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Note: An Annual Comprehensive Review, as required by §7 of the Federal Advisory Committee Act, is conducted each year on committee data entered for the previous fiscal year (referred to as the reporting year). The data for the reporting year is not considered verified until this review is complete and the data is moved to history for an agency/department. See the Data From Previous Years section at the bottom of this page for the committee’s historical, verified data.

Details on agency responses to committee recommendations can be found under the Performance Measures section for each committee in the fields “Agency Feedback” and “Agency Feedback Comment.”

TRES - 34765 - OCC Minority Depository Institutions Advisory Committee - Agency Authority


Committee NameOCC Minority Depository Institutions Advisory CommitteeAgency NameDepartment of the Treasury
Fiscal Year2022Committee Number34765
Original Establishment Date8/13/2008Committee StatusChartered
Actual Termination Date Committee URL
New Committee This FYNoPresidential Appointments*No
Terminated This FYNoMax Number of Members*10
Current Charter Date6/23/2020Designated Fed Officer Position Title*Deputy Comptroller for the Northeastern District
Date Of Renewal Charter6/23/2022Designated Federal Officer PrefixMs.
Projected Termination Date Designated Federal Officer First Name*Beverly
Exempt From Renewal*NoDesignated Federal Officer Middle Name
Specific Termination AuthorityDesignated Federal Officer Last Name*Cole
Establishment Authority*Agency AuthorityDesignated Federal Officer Suffix
Specific Establishment Authority*Agency Decision (approved by Treasury Assistant Secretary for Management)Designated Federal Officer Phone*(202) 790-4001
Effective Date Of Authority*7/16/2008Designated Federal Officer Fax*
Exempt From EO 13875 Discretionary CmteNot ApplicableDesignated Federal Officer Email*
Committee Type*Continuing
Committee Function*Non Scientific Program Advisory Board


Agency Recommendation*Continue
Legislation to Terminate RequiredNo
Legislation StatusNot Applicable
How does cmte accomplish its purpose?*The Committee provides the Office of the Comptroller of the Currency(OCC) with advice and information on the current circumstances and future development of minority depository institutions, in accordance with the mandate in section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), Pub. L. No. 101-73, Title III, 103 Stat. 353, 12 U.S.C. § 1463 note. Section 308 requires OCC to preserve the present number of minority depository institutions, preserve the minority character of minority depository institutions in cases involving mergers or acquisitions, provide technical assistance, and encourage the creation of new minority depository institutions.
How is membership balanced?*Each member serves as a representative of his or her institution, industry, trade group, or other organization or group. The OCC ensures that diverse views are represented by assuring that the committee is composed of officers and directors of minority depository institutions and others with an interest in supporting minority depository institutions.
How frequent & relevant are cmte mtgs?*Estimated Number of Meetings per Year - at least 2 each calendar year. In fiscal year 2021 two meetings were held (April 13, 2021 and September 21, 2021). Two meetings have been held each fiscal year for this committee since 2016 with the exception of FY2018 when three meetings were held.
Why advice can't be obtained elsewhere?*The OCC continues to seek the Committee’s perspectives on challenges faced by MDIs. In FY2015 technical assistance (TA) was offered on topics such as cyber security, economic updates, interest rate risk. In addition, UST officials discussed CDFI/BEA information with the membership. In FY2016 TA was offered on BSA/AML, Cyber Security and Current Expected Credit Losses (CECL). In FY2017 TA included: updates on CECL, TARP, BSA/AML, and Social Media, Technology, and Community Banking. In addition, outside the MDIAC process OCC held 5 meetings to encourage MDI Collaboration with non-MDIs. MDIAC members asked for the additional information on BSA/AML, a debrief on the MDI Collaboration efforts, collaboration paper update, additional roundtables, and some items that would require legislative action not within OCC's authority and therefore not included in the performance measures i.e. changes to Dodd Frank re: mortgage lending requirements, changes to the FFIEC examination cycle requirements, etc. Some of the requirements were addressed in FY2018 and therefore not considered complete for FY2017. In FY2019 OCC provided TA on BSA/AML in three workshops around the country, additionally a representative from FASB participated in a MDIAC meeting to address members questions on CECL. In 2020 given the pandemic, meetings were conducted virtually. Once again in FY2021 technical assistance was provided in the areas of BSA/AML and Cyber Security and Ransomware. These two areas were areas MDIs expressed interest in OCC providing Technical assistance.
Why close or partially close meetings?It is envisioned that most meetings of this committee are open. To date no committee meetings have been closed. That continued to be applicable for FY2022 meetings.
Recommendation RemarksThis Committee was formerly an OTS committee. Pursuant to the Dodd-Frank Act, the OTS was abolished on 7/21/11, and the OTS's authorities transferred to the OCC. OCC determined to retain the MDIAC. But, it had to amend the charter, which occurred as of 10/20/11. New members were selected as well, and the charter renewed (08/12). The OCC went through the member solicitation and vetting process (began in 11/11), and the OCC received UST's concurrence on 11/26/12. The OCC's first meeting of the MDIAC was held on 3/5/13. The OCC MDIAC charter was renewed 07/16/14 and every two years since usually in June. In 2017 three new members were added and a fourth resigned from both his institution and the committee. In 2019 4 new members were appointed to the committee - one has since resigned from both the committee and his institution. An additional five members are continuing their membership on the committee. Several members resigned from the MDIAC in 2020 due to employment changes or personal reasons. During FY 2021 7 prior members returned to the committee from prior years and three new members were added. In 2022, two members reported they would not seek 2023 nominations for personal reasons, i.e. retirement or a change in personal responsibilities.


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 LegislationNo
Outcome Effective Grant MakingNoAction Approved Grants Or Other PaymentsNo
Outcome Improved Service DeliveryNoAction OtherNo
Outcome Increased Customer SatisfactionNoAction CommentNot applicable.
Outcome Implement Laws/Reg RequirementsYesGrants 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 goverance areas as the guidance applies to minority depository institutions supervised by the OCC.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 does not review applications for grants.
Number Of Recommendations*19Access Contact Designated Fed. Officer*Yes
Number Of Recommendations CommentThe committee continues to serve as an effective vehicle for the OCC to gain insight into the role and challenges faced by MDIs. The discussion of MDI issuses at committee meetings, as well as committee members' advice and suggestions, contributed to the OCC's consideration of a number of initiatives. Recommendations included: spend time with CDFI banks on amount of monies allocated to CDFI banks, offer training to bankers with OCC examiners, include cyber security in an education program for bank directors and employees and form a partnership on various training opportunities, and include a discussion of new charter and failed bank bid processes. In addition in 2017 members inquired about BSA/AML; CECL; TARP, MDI collaboration efforts, including the collaboration paper; examination cycle including offsite examinations, and additional roundtables.Access Agency WebsiteYes
% of Recs Fully Implemented*97.00%Access Committee WebsiteYes
% of Recs Fully Implemented CommentIn 2022 OCC continued to provide technical assistance to MDIs on a variety of topics that MDIs expressed a need. In 2019 OCC delivered three technical assistance workshops on BSA/AML to OCC supervised MDIs. In 2018 OCC sponsored several MDI Collaboration forums, provided technical assistance or updates on BSA/AML, CRA, Innovation, Military Lending Act, and Small Dollar Lending, In 2017 OCC provided technical assistance on BSA/AML, CECL, TARP, Collaboration and Social Media, Technology and its relevance in Community Banking. Due to timing some roundtables were not held in 2017 as well as a full de-brief on the MDI Collaboration activities. In FY2016 one member requested additional technical assistance on BSA/AML. BSA/AML technical assistance was provided at the individual institution level as well as in various workshops hosted by OCC and conducted by OCC staff. Department of Treasury officials discussed the CDFI allocation of funds process to CDFI institutions at the September 2015 meeting. Treasury officials also attended the July 2015 Interagency MDI and CDFI Conference sponsored by OCC, FDIC and FRB and presented information on the CDFI and BEA programs including application and award processes. In addition sessions were conducted for MDIs & CBs to educate on cyber security and in FY2015 FFIEC agencies developed a cyber security assessment tool to assist bankers in identifying their cyber security risk. In addition, OCC continues to conduct webinars for bankers as well as develop and offer training sessions on current and hot topics such as cyber security, operational risk, credit, compliance issues, BSA/AML, etc.Access GSA FACA WebsiteYes
% of Recs Partially Implemented*3.00%Access PublicationsNo
% of Recs Partially Implemented CommentOCC continues to offer training workshops for OCC supervised institutions but does not plan to conduct joint examiner/banker training courses. In 2021, OCC adopted course content from BSA/AML and Cybersecurity/Ransomware internal training sessions and provided them as technicial assistance to MDIs. However, in 2020 we began working to explore converting some examiner courses to those to offer OCC supervised bankers.The new charter and failed bank bid processes were addressed in other venues - outside the MDIAC meeting process. Bank bid processes were addressed by FDIC officials at the National Bankers Association meeting.Access OtherNo
Agency Feedback*YesAccess CommentInformation and documentation regarding this Committee is on the OCC website, by contacting the DFO and included in this FACA Database.
Agency Feedback Comment*OCC discussed the recommendations with the committee before, during and after development. Overall feedback from both the committee and the MDI industry was positive.Narrative Description*The Committee provides advice to the Office of the Comptroller of the Currency(OCC) on meeting the goals established by section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), Pub. L. No. 101-73,Title III, 103 Stat. 353, 12 U.S.C. § 1463 note, 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 depository institutions.The Committee assesses the current condition of minority depository institutions, what regulatory changes or other steps OCC may be able to take to fulfill the mandate of section 308, and other issues of concern to OCC-supervised minority depository institutions.
Hide Section - COSTS


Payments to Non-Federal Members*$0.00Est Payments to Non-Fed Members Next FY*$0.00
Payments to Federal Members*$0.00Est. Payments to Fed Members Next FY*$0.00
Payments to Federal Staff*$39,080.62Estimated Payments to Federal Staff*$70,750.00
Payments to Consultants*$0.00Est. Payments to Consultants Next FY*$0.00
Travel Reimb. For Non-Federal Members*$4,864.03Est Travel Reimb Non-Fed Members nextFY*$25,000.00
Travel Reimb. For Federal Members* Est Travel Reimb For Fed Members*$0.00
Travel Reimb. For Federal Staff*$12,721.40Est. Travel Reimb to Fed Staff Next FY*$25,000.00
Travel Reimb. For Consultants* Est Travel Reimb to Consultants Next FY*$0.00
Other Costs$2,000.00Est. Other Costs Next FY*$5,000.00
Total Costs$58,666.05Est. Total Next FY*$125,750.00
Date Cost Last Modified11/10/2022 4:44 PMEst. Fed Staff Support Next FY*0.25
Federal Staff Support (FTE)*0.15Est Cost RemarksEstimated costs for FY2023 reflect a post-pandemic era and return to office spaces realizing some persons (members and staff) may decide to participate virtually rather than in-person when given the option. These estimated costs mirror the 2022 estimated costs as fewer persons may participate but travel costs generally are more expensive.
Cost RemarksFY 2022 costs were limited as only one meeting was in-person. The other meeting was virtual. Three persons including the DFO traveled to OCC HQ for the meetings. Other staff were already in OCC HQ.  
Hide Section - Interest Areas

Interest Areas

Civil Rights
Federal Government


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Data from Previous Years

ActionCommittee System IDCommittee NameFiscal Year
 COM-039055OCC Minority Depository Institutions Advisory Committee2021
 COM-036935OCC Minority Depository Institutions Advisory Committee2020
 COM-035132OCC Minority Depository Institutions Advisory Committee2019
 COM-032561OCC Minority Depository Institutions Advisory Committee2018
 COM-002104OCC Minority Depository Institutions Advisory Committee2017
 COM-002210OCC Minority Depository Institutions Advisory Committee2016
 COM-003926OCC Minority Depository Institutions Advisory Committee2015
 COM-004286OCC Minority Depository Institutions Advisory Committee2014
 COM-006344OCC Minority Depository Institutions Advisory Committee2013
 COM-006397OCC Minority Depository Institutions Advisory Committee2012
 COM-008173OTS Minority Depository Institutions Advisory Committee2011
 COM-008559OTS Minority Depository Institutions Advisory Committee2010
 COM-010188OTS Minority Depository Institutions Advisory Committee2009
 COM-010851OTS Minority Depository Institutions Advisory Committee2008