meta_id 3244535

On June 16, 2026, the Office of the Comptroller of the Currency (OCC) reissued its policy statement on minority depository institutions (MDI) in the Federal Register. The update aligns the agency's MDI definition more closely with the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) and implements Executive Order 14219, "Ensuring Lawful Governance and Implementing the President's 'Department of Government Efficiency' Deregulatory Initiative." The revised MDI definition now bases the designation more directly on the statutory definition under FIRREA, which defines an MDI based on ownership by socially and economically disadvantaged individuals. The previous policy statement did not specify which groups of individuals are presumed to be socially and economically disadvantaged. The updated statement also describes how the OCC will maintain designations for current MDIs. Previously, the OCC could continue to designate a bank as an MDI at its discretion even when the bank no longer met the statutory definition. The revised approach improves consistency with FIRREA while minimizing disruption to existing MDIs. The OCC removed references to specific OCC structures and resources from the previous version that had become obsolete or vulnerable to obsolescence. The agency replaced these with general directions intended to have greater longevity and reduce future confusion. The update includes conforming edits throughout the document. The reissued policy statement applies to all OCC-supervised institutions, including national banks, Federal savings associations, and Federal branches and agencies. Institutions with questions about OCC resources and programs should contact their supervisory field office. The OCC's Chief Counsel's Office is available at (202) 649-5490 for further inquiries.