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Banking

Fed Clears United Texas Bank’s Shift to National Charter Under OCC Oversight

The Federal Reserve said it does not object to United Texas Bank’s conversion to a national bank, moving the Dallas lender from Fed supervision to the Office of the Comptroller of the Currency. The charter change streamlines oversight and may alter compliance, lending policies, and risk management practices.

Banking

Fed clears key step for OCC to grant Morgan Stanley Bank a Section 23A exemption

The Federal Reserve said it completed the joint findings needed for the OCC to consider Morgan Stanley Bank, N.A.’s request for a Section 23A exemption, a tightly regulated path that can permit limited affiliate transactions under safeguards.