Morgan Stanley Bank Receives 'Outstanding' OCC Rating

Morgan Stanley Bank, N.A., a subsidiary of Morgan Stanley, has received its tenth consecutive 'Outstanding' rating from the United States — Office of the Comptroller of the Currency (OCC) for its community reinvestment activities. The OCC's evaluation report highlighted $5.5 billion in community development loans and investments supporting affordable housing, community services, and small businesses. Initiatives included a $57 million loan for a 576-unit affordable housing project, a $24.4 million investment for a low-income apartment complex, an $8.6 million investment for a specialty healthcare center for tribal members, and a $24 million revolving line of credit for entrepreneurs. John Ryan, Head of U.S. Banks at Morgan Stanley, and Sarah Brundage, President and CEO of the National Association of Affordable Housing Lenders, both commended Morgan Stanley's sustained commitment to community investment.