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News Release 2021-55
May 18, 2021
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WASHINGTON — The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system and the effects of the COVID-19 pandemic on the federal banking industry in its Semiannual Risk Perspective for Spring 2021.
Banks maintained sound capital and liquidity levels but profitability remains stressed due to low interest rates and low loan growth. The OCC highlighted credit, strategic, operational, and compliance risks, among the key risk themes in the report.
Highlights from the report include:
The report also highlights the low interest rate environment as a special topic in emerging risks.
The report covers risks facing national banks and federal savings associations based on data as of December 31, 2020. The report presents information in five main areas: the operating environment, bank performance, special topics in emerging risk, trends in key risks, and supervisory actions. It focuses on issues that pose threats to those financial institutions regulated by the OCC and is intended as a resource to the industry, examiners, and the public.
Bryan Hubbard (202) 649-6870