A fact sheet describing how national banks and Federal savings associations (FSA) can make investments intended to promote public welfare and take advantage of wind-energy tax credits has been released by the Office of the Comptroller of the Currency (OCC) (www.occ.gov). Under the public welfare investment (PWI) authority, national banks and FSAs can invest in…

The Office of the Comptroller of the Currency (OCC) today published an online newsletter that provides information showing how national banks and federal savings associations can use public welfare investment authority to invest in wind energy projects. The online newsletter describes how banks and thrifts, with the requisite credit, legal, and accounting expertise, may use…