Comptroller of the Currency


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Comptroller of the Currency

Short for. the Office of the Comptroller of the Currency (OCC). This federal agency regulates, watches over, and charters national banks (not state banks) and also is in charge of foreign banks conducting business in the U.S. The OCC is headed by the Comptroller of the Currency who is appointed by the President.

Comptroller of the Currency

The head of the Office of the Comptroller of the Currency, which is an agency of the U.S. Government that regulates and supervises all banks (but not thrifts) in the United States. The Comptroller of the Currency is charged with enforcing banking regulation, prosecuting crimes committed by bank officials in the performance (or non-performance) of their duties, and helping to ensure equal access to banks by all American citizens. He or she is appointed by the President and confirmed by the Senate.

Comptroller of the Currency.

The Office of the Comptroller of the Currency, housed in the US Department of the Treasury, charters, regulates, and oversees national banks.

The comptroller ensures bank integrity, fosters economic growth, promotes competition among banks, and guarantees that people have access to adequate financial services.

The comptroller does this by enforcing the Community Reinvestment Act and federal fair lending laws, which mandate that access. The comptroller is appointed by the US president and confirmed by the Senate.

References in periodicals archive ?
National archivists, in fact, will release bank examination reports from the Comptroller of the Currency only if an institution has been defunct for 50 years.
These risks and uncertainties include, but are not limited to: (1) the impact of changes in interest rates, a decline in economic conditions and increased competition among financial service providers on 1st Century's operating results, ability to attract deposit and loan customers and the quality of 1st Century's earning assets; (2) government regulation; and (3) the other risks set forth in 1st Century's reports filed with the Office of the Comptroller of the Currency, including its Annual Report on Form 10-KSB for the year ended December 31, 2005.
Noreika will become Acting Comptroller of the Currency on Friday, May 5, 2017.
1300 Kings Mountain Road, Martinsville, Virginia 24112; telephone number: (276) 656-1776, or (ii) obtain up to 50 free pages of these documents by contacting the Office of the Comptroller of the Currency by facsimile at (202) 874-4448 or by mail at the Office of the Comptroller of the Currency, Communications Division, 250 E Street, S.
All Cease and Desist Orders, Civil Money Penalty Orders, and Removal/Prohibition Orders are issued with the consent of the parties, unless otherwise indicated as a Decision and Order issued by the Comptroller of the Currency.
the National Credit Union Administration, the Office of the Comptroller of the Currency and the Office of Thrift Supervision--issued Bank Secrecy Act procedures that guide implementation of, and provide a consistent approach to examining, the customer identification programs (CIP) that domestic and foreign banking organizations were required to establish under section 326 of the USA Patriot Act.
The Office of the Comptroller of the Currency is currently accepting applications for the position of Senior Bank Accountant, located in Washington D.
Blurring the line between Wall Street and Main Street, national banks will be able to sell stock and insurance under new rules announced Wednesday by the comptroller of the currency.
WASHINGTON -- The National Association of Realtors([R])expressed growing concern to a House panel today about the inappropriate expansion of banking powers being permitted by the Office of the Comptroller of the Currency, an agency within the Department of the Treasury.
The Office of the Comptroller of the Currency (OCC) has renewed the charter of its Mutual Savings Association Advisory Committee (MSAAC), which advises the agency on issues and opportunities facing mutual savings institutions.
The guidance was issued by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision.
10, 1999, Joint Interagency Letter to Financial Institutions signed by the SEC, the Federal Deposit Insurance Corporation, the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision.