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Statement

ABA Applauds Otting Confirmation to Serve as Comptroller of the Currency

“We congratulate Joseph Otting on his confirmation to serve as Comptroller of the Currency. The OCC was created more than 150 years ago to promote a vigorous and healthy national banking system, and Comptroller Otting is well prepared to handle this critically important task. Given his wealth of experience, we know he understands the important role that banks play in promoting economic growth. We look forward to working with Comptroller Otting as he leads the OCC in the days ahead.
 
“We also want to thank Acting Comptroller Noreika for his leadership during this period of transition. His thoughtful review of bank rules and regulations has laid an excellent foundation upon which Comptroller Otting can continue to build. We thank him for his service to the nation.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $18 trillion banking industry, which is composed of small, regional and large banks. Together, America’s banks employ more than 2 million men and women, safeguard nearly $14 trillion in deposits and extend more than $10 trillion in loans.

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