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.

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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.
Enforcement actions
The proposal was issued by 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.
Bank regulatory agencies
gov and from Communications, Mail Stop 3-2, Office of the Comptroller of the Currency, 250 E Street, S.
Federal agencies publish consumer brochure on predatory lending
BLACK, CPA, is a senior accountant in the Chief Accountant's Division of the Office of the Comptroller of the Currency, Washington, D.
Auditors and bank examiners: a new era of cooperation; cooperation can lead to more effective bank audits and examinations
CHICAGO -- Bank One has received the highest possible rating for its Community Reinvestment Act (CRA) performance from its primary regulator, the Office of the Comptroller of the Currency.
Bank One Receives 'Outstanding' Rating for Community Reinvestment
WASHINGTON, June 3 /PRNewswire-USNewswire/ -- The Office of the Comptroller of the Currency will host workshops for directors of nationally chartered community banks in Peoria, Illinois, at the Embassy Suites Hotel, June 27-28, 2010.
Comptroller of the Currency Hosts Community Bank Directors Workshops in Peoria, Illinois
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.
Announcements
The Office of the Comptroller of the Currency has been at the forefront of Federal Agencies in taking advantage of industry best practices, and deploying the most advanced technology to assure the success of their mission: ensuring the safety and soundness of the national banking system and providing fair and equal access to financial services for all Americans," said Roy Pinchot, CEO of TeleContinuity.
The Office of the Comptroller of the Currency Selects TeleContinuity's Emergency Backup Voice Network to Assure Continuity of Operations 'COOP/BCP'
WASHINGTON, May 24 /PRNewswire-USNewswire/ -- The Office of the Comptroller of the Currency will host workshops for directors of nationally chartered community banks in Tulsa, Oklahoma, at the Hilton Tulsa Southern Hills, July 20-21, 2010.
Comptroller of the Currency Hosts Community Bank Directors Workshops in Tulsa, Oklahoma
It 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.
Announcements
These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank's performance, regulatory matters and those discussed in filings by the Bank with the Office of the Comptroller of the Currency.
Landmark National Bank and Legacy Bank, N.A. Receive Regulatory Approval for Merger; Final Approval Expected Next Month at Shareholders Meetings
WASHINGTON, May 3 /PRNewswire-USNewswire/ -- The Office of the Comptroller of the Currency will host workshops for directors of nationally chartered community banks in Boston, at the Hyatt Regency Boston, June 15-16, 2010.
Comptroller of the Currency Hosts Community Bank Directors Workshops in Boston

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