“In your (FOIA) appeal, you set forth a number of reasons why you believe the OCC should make a discretionary release of the Summary, including the fact that the Summary is approximately 7 years old; relates to an institution that no longer exists; and, the CAMELS ratings contained in the Summary are already in the public record…

…Having reviewed this matter, I have determined the Summary was withheld properly pursuant to FOIA exemption (b)(8). In addition, I have determined that the OCC will not use its discretion to release the Summary.” Sincerely, Daniel P. Stipano, Deputy Chief Counsel, Office of the Controller of the Currency, December 17, 2015 (Excerpt from “Appeal-Final Decision 2016-XXXXX-YY, below.)

“I don’t think anyone should believe government bureaucrats’, at the FDIC-R, statements or allegations about IndyMac Bank (me or others) or the statements made in the Office of the Inspector General of the United States Department of Treasury’s 2009 material loss review of IndyMac Bank, when more than seven years after IndyMac Bank was seized by the FDIC-R, the OCC refuses to release a summary 2007 CAMELS report (IndyMac Bank’s last safety and soundness report). It’s pretty clear that the federal government’s banking regulators don’t want the facts and the truth out in the public domain, so that anyone can read it and decide for themselves. That doesn’t seem right. It seems un-American and Kafkaesque.”, Mike Perry, former Chairman and CEO, IndyMac Bank

Dear Mr. Perry:

This is in final response to your recent appeal to the Office of the Comptroller of the Currency filed pursuant to the Freedom of Information Act. Your request has been completed. Our final response is attached.

Thank you.

Office of the Comptroller of the Currency

Appeal-Final Decision 2016-XXXXX-YY


Posted on December 18, 2015, in Postings. Bookmark the permalink. Leave a comment.

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