FOR IMMEDIATE RELEASE
February 24, 2014
Contact: Stephanie Collins
OCC Supports America Saves Week
WASHINGTON — Comptroller of the Currency Thomas J. Curry today issued the following statement in recognition of America Saves Week, February 24 – March 1, 2014:
The Office of the Comptroller of the Currency is pleased to support America Saves Week, which encourages individuals and families to prepare for the future and build personal wealth.
I’m proud of the role that national banks and federal savings associations play in helping Americans build the savings they need to improve their lives – to buy homes, put children through school, prepare for retirement, and set aside money in rainy day funds that are so important when unexpected emergencies crop up.
I commend the Consumer Federation of America and the American Savings Education Council for their continued leadership on this important issue. I also want to commend the many national banks and federal savings associations that participated in previous campaigns. I would encourage them to continue their support for America Saves Week by partnering with local organizations to encourage savings through activities such as:
- Sponsoring financial literacy programs that focus on basic financial services, asset building and credit management.
- Implementing school-based savings programs to help students learn about the importance of saving money and other money management skills.
- Offering bank-sponsored savings match programs, also known as Individual Development Accounts (IDAs).
The OCC offers a range of resources on saving and financial literacy to consumers and financial institutions on its website, www.occ.gov. The OCC’s District Community Affairs Officers are available nationwide to provide information about programs banks can initiate to promote savings by their customers.