FACACLASSIC

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 - 42652 - OCC Mutual Savings Association Advisory Committee - Agency Authority

GENERAL INFORMATION

Committee Name	OCC Mutual Savings Association Advisory Committee	Agency Name	Department of the Treasury
Fiscal Year	2025	Committee Number	42652
Original Establishment Date	12/24/2008	Committee Status	Chartered
Actual Termination Date		Committee URL	http://www.occ.gov/topics/bank-management/mutua...
Actual Merged Date		Presidential Appointments*	No
New Committee This FY	No	Max Number of Members*	10
Terminated This FY	No	Designated Fed Officer Position Title*	Deputy Comptroller for Specialty Supervision
Merged This FY		Designated Federal Officer Prefix
Current Charter Date	6/20/2024	Designated Federal Officer First Name*	Michael
Date Of Renewal Charter	6/20/2026	Designated Federal Officer Middle Name	R
Projected Termination Date		Designated Federal Officer Last Name*	Brickman
Exempt From Renewal*	No	Designated Federal Officer Suffix
Specific Termination Authority		Designated Federal Officer Phone*	(202) 649-6912
Establishment Authority*	Agency Authority	Designated Federal Officer Fax*	(571) 465-4488
Specific Establishment Authority*	Treasury Memo Approval by Assistant Secretary for Management	Designated Federal Officer Email*	michael.brickman@occ.treas.gov
Effective Date Of Authority*	11/7/2008
Exempt From EO 13875 Discretionary Cmte	Not Applicable
Committee Type*	Continuing
Presidential*	No
Committee Function*	Non Scientific Program Advisory Board

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*	Continue
Legislation to Terminate Required	No
Legislation Status	Not 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, which may be renewed.
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 Remarks	Mutual 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 July 2024.

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*	No	Action Reorganize Priorities*	No
Outcome Trust In Government	No	Action Reallocate Resources	No
Outcome Major Policy Changes	No	Action Issued New Regulations	Yes
Outcome Advance In Scientific Research	No	Action Proposed Legislation	Yes
Outcome Effective Grant Making	No	Action Approved Grants Or Other Payments	No
Outcome Improved Service Delivery	No	Action Other	Yes
Outcome Increased Customer Satisfaction	No	Action Comment	OCC 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, July 25, 2018, June 29, 2021, and June 28, 2023.OCC hosted an OCC Mutual Forum on July 23, 2015, October 18, 2017, July 23, 2019, September 22, 2020, June 28, 2022, and June 25, 2024. 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). The OCC issue a regulation and examiner guidance for how federal savings associations may make an election to become a covered savings association effective July 1, 2019 (See OCC Bulletin 2019-31 Covered Savings Association Implementation - https://www.occ.gov/news-issuances/bulletins/2019/bulletin-2019-31.html). On September 24, 2021, the OCC published OCC Bulletin 2021-45, "Mutual Savings Associations: Requirements and Process for Voluntary Liquidation." (https://www.occ.gov/news-issuances/bulletins/2021/bulletin-2021-45.html)
Outcome Implement Laws/Reg Requirements	Yes	Grants Review*	No
Outcome Other	No	Number Of Grants Reviewed	0
Outcome Comment	Possible 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 Recommended	0
Cost Savings*	None	Dollar Value Of Grants Recommended	$0.00
Cost Savings Comment	It is not expected that there will be cost savings associated with the committee's recommendations.	Grants Review Comment	This committee will not review applications for grants.
Number Of Recommendations*	5	Access Contact Designated Fed. Officer*	Yes
Number Of Recommendations Comment	The 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 2014, the OCC issued updated guidance on supervising Mutual Savings Associations (https://www.occ.gov/news-issuances/bulletins/2014/bulletin-2014-35.html). 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, 2018, 2021, and 2023. Beginning in 2017, the committee advised the OCC on developing and implementing the regulation for Covered Savings Associations, including agency guidance and training for the new regulation.	Access Agency Website	Yes
% of Recs Fully Implemented*	100.00%	Access Committee Website	No
% of Recs Fully Implemented Comment	The 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, 2017, 2019, 2020, 2022, and 2024. The OCC and FDIC hosted a Joint Mutual Forum in 2016, 2018, 2021, and 2023. 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 and the OCC implementing regulations and guidance. In 2021, the committee recommended publishing transparent guidance on voluntary liquidations for mutual savings associations. In response, on Friday, September 24, 2021, the OCC published OCC Bulletin 2021-45, "Mutual Savings Associations: Requirements and Process for Voluntary Liquidation."	Access GSA FACA Website	Yes
% of Recs Partially Implemented*	0.00%	Access Publications	No
% of Recs Partially Implemented Comment	Not applicable, recommendations fully implemented.	Access Other	No
Agency Feedback*	Yes	Access Comment	Information and documentation regarding this Committee is on the OCC website and by contacting the DFO.
Agency Feedback Comment*	OCC 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 the OCC's strategic goals to learn and adapt effectively, to remain highly credible and consistently trusted, and to lead on supervision as the banking system evolves.

COSTS

1. Payments to Non-Federal Members*		1. Est Paymnts to Non-Fed Membrs Nxt FY*
2. Payments to Federal Members*		2. Est. Payments to Fed Members Next FY*
3. Payments to Federal Staff*		3. Estimated Payments to Federal Staff*
4. Payments to Consultants*		4. Est. Payments to Consultants Next FY*
5. Travel Reimb. For Non-Federal Membrs*		5. Est Travel Reimb Non-Fed Membr nxtFY*
6. Travel Reimb. For Federal Members*		6. Est Travel Reimb For Fed Members*
7. Travel Reimb. For Federal Staff*		7. Est. Travel Reimb to Fed Staf Nxt FY*
8. Travel Reimb. For Consultants*		8. Est Travel Reimb to Consltnts Nxt FY*
10. Other Costs		10. Est. Other Costs Next FY*
11. Total Costs	$0.00	11. Est. Total Next FY*	$0.00
Date Cost Last Modified	2/13/2025 12:51 PM	Est. Fed Staff Support Next FY*
Federal Staff Support (FTE)*		Est Cost Remarks
Cost Remarks

Interest Areas

Category Area Business Small Business Computer Technology Information Technology Data Privacy Finance Banking Credit Finance Investment Housing and Urban Housing and Urban Development Legislation Legislation Regulations

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