Skip to main content
OCC Flag

An official website of the United States government

News Release 2023-43 | May 11, 2023

Acting Comptroller Issues Statement in Support of FDIC Notice of Proposed Rulemaking on Special Assessments

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued a statement in support of the Federal Deposit Insurance Corporation (FDIC) notice of proposed rulemaking on special assessments. The special assessment is intended to recover the losses to the Deposit Insurance Fund incurred by protecting the uninsured depositors of Silicon Valley Bank and Signature Bank following the U.S. government’s systemic risk determination in March 2023.

Related Links

Media Contact

Stephanie Collins
(202) 649-6870