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 ?
In a separate, coordinated action, the Office of the Comptroller of the Currency announced the execution of a formal agreement with Huntington National Bank, Columbus, Ohio, a wholly owned subsidiary of Huntington Bancshares, Incorporated.
The proposal is being issued under the auspices of the Federal Financial Institutions Examination Council (FFIEC) by its member agencies: the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision.
The existing banks urge the shareholders of the existing banks to read the proxy statement/offering circular and any other relevant documents to be filed with the Office of the Comptroller of the Currency in connection with the proposed transaction, because they will contain important information about the existing banks, Carter Bank & Trust and the proposed transaction.
WASHINGTON, April 10, 2015 /PRNewswire-USNewswire/ -- The Office of the Comptroller of the Currency will host two workshops in Birmingham, Ala.
The members of the Interagency Task Force are the Department of Housing and Urban Development, the Department of Justice, the Federal Deposit Insurance Corporation, the Federal Housing Finance Board, the Federal Reserve Board, the Federal Trade Commission, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Office of Federal Housing Enterprise Oversight, and the Office of Thrift Supervision.
All of these actions are subject to approval by the Bank's primary regulator, the Office of the Comptroller of the Currency.
WASHINGTON, March 25, 2015 /PRNewswire-USNewswire/ -- The Office of the Comptroller of the Currency will host two workshops in Louisville, Ky.
The rules announced were developed jointly by the Treasury Department, Treasury's Financial Crimes Enforcement Network, and the seven federal functional regulators, including the Board of Governors of the Federal Reserve System, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the Securities and Exchange Commission.
In a letter to the Comptroller of the Currency, NAR President Tom Stevens said that by approving three recent bank real estate deals--including one that allows Union Bank of California to take a 70 percent equity stake in a windmill farm--the regulator is violating the National Bank Act and the regulator's own past rulings and regulations.
WASHINGTON, March 20, 2015 /PRNewswire/ -- The Office of the Comptroller of the Currency will host two workshops in Denver at the Sheraton Denver Downtown, April 21-22, for directors of national community banks and federal savings associations.
The Order, the result of an action brought by the Office of Comptroller of the Currency, prohibits Ms.
CHICAGO -- Office of Comptroller of the Currency (OCC) administrative law judge Ann Z.