Minority Depository Institutions Advisory Committee

AGENCY:

Office of the Comptroller of the Currency (OCC), Treasury.

ACTION:

Notice.

SUMMARY:

The OCC has determined that the renewal of the charter of the OCC Minority Depository Institutions Advisory Committee (MDIAC) is necessary and in the public interest. The OCC hereby gives notice of the renewal of the charter.

DATES:

The charter of the OCC MDIAC has been renewed for a two-year period that began on June 20, 2024.

FOR FURTHER INFORMATION CONTACT:

André King Assistant Deputy Comptroller and Designated Federal Officer, (202) 731-7476, Office of the Comptroller of the Currency, 2001 Butterfield Road, Suite 400, Downers Grove, IL 60615.

SUPPLEMENTARY INFORMATION:

Notice of the renewal of the MDIAC charter is hereby given, with the approval of the Secretary of the Treasury, pursuant to section 1008(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. 1001 et seq. The Comptroller of the Currency has determined that the renewal of the MDIAC charter is necessary and in the public interest to provide advice and information about the current circumstances and future development of minority depository institutions, in accordance with the goals established by section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), Public Law 101-73, title III, 103 Stat. 353, 12 U.S.C. 1463 note, which include 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.