From Wikipedia, the free encyclopedia

Please help improve this article or section by expanding it. Further information might be found on the talk page or at requests for expansion. (January 2007)

Office of the Comptroller of the Currency
Agency overview
Formed	February 25, 1863
Headquarters	Washington, D.C.
Employees	2,796 (2006)
Agency Executive	John Dugan, Comptroller of the Currency
Parent agency	Department of the Treasury
Website
www.occ.treas.gov

The Office of the Comptroller of the Currency (or OCC) was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and the federal branches and agencies of foreign banks in the United States. Currently the Comptroller of the Currency is John Dugan.

Headquartered in Washington, D.C., it has four district offices located in New York City, Chicago, Dallas and Denver. It has an additional 48 field offices throughout the United States, and a London office to supervise the international activities of national banks. It is a bureau of the United States Department of the Treasury and is headed by the Comptroller of the Currency. The OCC fulfills four main objectives:

• ensures the safety and soundness of the national banking system;
• fosters competition by allowing banks to offer new products and services;
• Improves the efficiency and effectiveness of OCC supervision especially to reduce the regulatory burden; and
• ensure fair and equal access to financial services to all Americans.

The OCC participates in interagency activities in order to maintain the sanctity of the national banking system. By monitoring capital, asset quality, management, earnings, liquidity, sensitivity to market risk, information technology, consumer compliance, and community reinvestment, the OCC is able to determine whether or not the bank is operating safely and soundly, and meeting all regulatory requirements. The OCC was created in order to instill confidence in the National Banking system and protect consumers from misleading business practices.

Other regulatory agencies like the OCC include: the Federal Deposit Insurance Corporation (of which the Comptroller serves as a director), the Federal Reserve, the Office of Thrift Supervision, and the National Credit Union Administration.

The Comptroller also serves as a director of the Neighborhood Reinvestment Corporation.

In July 2007, the OCC launched HelpWithMyBank.gov to assist customers of national banks and provide answers to national banking questions.

• OCC Public Service PodcastsImage:Http://www.occ.gov/Graphics/pod.gif
• OCC News Release RSS feedImage:Http://www.occ.gov/Graphics/rss.gif
• Official site
• OCC Customer Assistance
• HelpWithMyBank.gov
• Comptroller of the Currency John C. Dugan

v • d • e Agencies under the United States Department of the Treasury

Secretary of the Treasury Deputy Secretary of the Treasury Alcohol and Tobacco Tax and Trade Bureau • Community Development Financial Institution Fund • Treasury Inspector General for Tax Administration • Internal Revenue Service • Office of the Comptroller of the Currency • Office of Thrift Supervision • Office of Tax Policy Under Secretary of the Treasury for International Affairs Office of East Asia • Office of South and Southeast Asia Nations • Office of Europe & Eurasia • Office of the Western Hemisphere • Office of International Monetary Policy • Office of Banking and Securities • Office of International Debt Policy • Office of Development Policy • Office of Financing Operations • Office of African Nations • Office of the Middle East & North Africa • Office of International Trade • Office of International Investment • Office of Trade Finance • Office of Technical Assistance • Office of Risk & Research Analysis Under Secretary of the Treasury for Domestic Finance Office of Financial Institutions • Office of Financial Markets • Office of Fiscal Service • Bureau of the Public Debt • Financial Management Service Under Secretary of the Treasury for Terrorism and Financial Intelligence Office of Terrorist Finance and Financial Crimes • Office of Intelligence and Analysis • Office of Foreign Assets Control • Financial Crimes Enforcement Network • Treasury Executive Office for Asset Forfeiture Treasurer of the United States Bureau of Engraving and Printing • United States Mint