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Wednesday, 10 December 2014

Treasury Department Seeking Survival Kits For Bank Employees




This document was issued by the OCC  (Office of the Comptroller of Currencies- part of the United States Treasury Dept) on December 4th 2014, with an offer Due Date of December 18th 2014.


Treasury Department Seeking Survival Kits For Bank Employees


Emergency masks, solar blankets to be delivered to every major bank in the U.S.
AP
AP
BY:

The Department of Treasury is seeking to order survival kits for all of its employees who oversee the federal banking system, according to a new solicitation.
The emergency supplies would be for every employee at the Office of the Comptroller of the Currency (OCC), which conducts on-site reviews of banks throughout the country. The survival kit includes everything from water purification tablets to solar blankets.
The government is willing to spend up to $200,000 on the kits, according to the solicitation released on Dec. 4.
The survival kits must come in a fanny-pack or backpack that can fit all of the items, including a 33-piece personal first aid kit with “decongestant tablets,” a variety of bandages, and medicines.
The kits must also include a “reusable solar blanket” 52 by 84 inches long, a 2,400-calorie food bar, “50 water purification tablets,” a “dust mask,” “one-size fits all poncho with hood,” a rechargeable lantern with built-in radio, and an “Air-Aid emergency mask” for protection against airborne viruses.
Survival kits will be delivered to every major bank in the United States including Bank of America, American Express Bank, BMO Financial Corp., Capitol One Financial Corporation, Citigroup, Inc., JPMorgan Chase & Company, and Wells Fargo.
Items will also be delivered to OCC offices across the country, from Champaign, Ill. to Billings, Mont. The agency also has offices in Sioux City, Iowa; Joplin, Mo.; and Fargo, N.D.
The mission of the OCC is to “ensure that national banks and federal savings associations operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations.”
The agency has roughly 3,814 employees, each of which would receive a survival kit. The staff includes “bank examiners” who provide “sustained supervision” of major banks in the United States.
“Examiners analyze loan and investment portfolios, funds management, capital, earnings, liquidity, sensitivity to market risk for all national banks and federal thrifts, and compliance with consumer banking laws for national banks and thrifts with less than $10 billion in assets,” the OCC website explains. “They review internal controls, internal and external audit, and compliance with law. They also evaluate management’s ability to identify and control risk.”
It is not clear why the Treasury Department is ordering the kits. Contracts for survival kits are usually made for the military, or law enforcement such as the FBI.
The OCC did not return request for comment before publication of this story.

http://freebeacon.com/issues/treasury-department-seeking-survival-kits-for-bank-employees/


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About the OCC

OCC official seal
The OCC charters, regulates, and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks. The OCC is an independent bureau of the U.S. Department of the Treasury.

Mission

To ensure that national banks and federal savings associations operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations.

Vision

The OCC is a preeminent prudential supervisor that
  • adds value through proactive and risk-based supervision;
  • is sought after as a source of knowledge and expertise; and
  • promotes a vibrant and diverse banking system that benefits consumers, communities, businesses, and the U.S. economy.

Overview

The President, with the advice and consent of the U.S. Senate, appoints the Comptroller to head the agency for a five-year term. The Comptroller also is a director of the Federal Deposit Insurance Corporation and NeighborWorks® America.
Headquartered in Washington, D.C., the OCC has four district offices plus an office in London to supervise the international activities of national banks. The OCC's nationwide staff of bank examiners conducts on-site reviews of national banks and federal savings associations and provides sustained supervision of these institutions’ operations. Examiners analyze loan and investment portfolios, funds management, capital, earnings, liquidity, sensitivity to market risk for all national banks and federal thrifts, and compliance with consumer banking laws for national banks and thrifts with less than $10 billion in assets. They review internal controls, internal and external audit, and compliance with law. They also evaluate management's ability to identify and control risk.

http://www.occ.treas.gov/about/what-we-do/mission/index-about.html




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