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Fed, FDIC, OCC Issue Joint Statement on Bank Data Security

The Federal Reserve, FDIC and OCC issued a joint statement on July 16, 2026 detailing new safeguards for confidential supervisory information.

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  • The Federal Reserve, the FDIC and the OCC issued a joint statement on July 16, 2026.
  • The statement was released at 2:00 p.m. EDT.
  • The agencies said the purpose of the enhanced procedures is to reduce cybersecurity risks while ensuring agencies have access to information at all times during an examination.
  • One example cited was reviewing materials on-site rather than transferring them onto agency systems.
  • The agencies committed to notify affected banks of any potential or confirmed material data breach involving confidential supervisory information.

Agencies Detail Coordinated Approach to Bank Data Security

On July 16, 2026, the Federal Reserve, the FDIC and the OCC issued a joint statement addressing how they handle confidential supervisory information during bank examinations. The statement was released at 2:00 p.m. EDT.

Stack of official papers and blank institutional documents photographed from above with selective focus, suggesting formal governmental coordination and procedural communication.
Fed, FDIC, OCC Issue Joint Statement on Bank Data Security

The three agencies said they recognize the importance of keeping a bank's highly sensitive information confidential and protecting it against disclosure to or from access by unauthorized persons.

The joint statement describes a coordinated approach to identifying highly sensitive data and documents.

New Procedures Aim to Limit Cyber Risk

According to the agencies, the purpose of the enhanced procedures is to reduce cybersecurity risks while ensuring agencies have access to information at all times during an examination.

As an example, the agencies cited reviewing materials on-site rather than transferring them onto agency systems.

Commitment to Notify Banks of Breaches

The agencies also committed to notify affected banks of any potential or confirmed material data breach involving confidential supervisory information.

  • Joint statement issued July 16, 2026 by the Federal Reserve, FDIC and OCC.
  • Released at 2:00 p.m. EDT.
  • Goal: reduce cybersecurity risks while preserving examiner access to information.
  • Example procedure: on-site review of materials instead of transferring them to agency systems.
  • Agencies pledged to notify banks of potential or confirmed breaches of confidential supervisory information.