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Office of the Comptroller of the Currency information


Office of the Comptroller of the Currency
Seal of the Office of the Comptroller of the Currency
Logo of the Office of the Comptroller of the Currency

Flag of the Comptroller of the Currency
Agency overview
FormedFebruary 25, 1863; 161 years ago (1863-02-25)
HeadquartersConstitution Center, Washington, D.C.
Employees3,518 (as of December 31, 2020)
Agency executive
  • Michael J. Hsu[1], Acting Comptroller
Parent agencyDepartment of the Treasury
Websitewww.occ.gov

The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and thrift institutions and the federally licensed branches and agencies of foreign banks in the United States.[2] The acting Comptroller of the Currency is Michael J. Hsu, who took office on May 10, 2021.[3]

  1. ^ "Michael J. Hsu | OCC".
  2. ^ Van Loo, Rory (August 1, 2018). "Regulatory Monitors: Policing Firms in the Compliance Era". Faculty Scholarship: 14–15.
  3. ^ "Michael J. Hsu Statement to Agency Employees on Becoming Acting Comptroller of the Currency". August 1, 2018.

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by financial institutions and other organizations.” The Office of the Comptroller of the Currency (OCC) and Federal Reserve predicted that industry allowances...

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securities and established the Office of the Comptroller of the Currency as part of the United States Department of the Treasury. The Act shaped today's national...

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under the National Bank Act, and thus is regulated by the Office of the Comptroller of the Currency (OCC), a part of the U.S. Department of the Treasury...

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United States dollar

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United States Department of the Treasury

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Commissioner of Internal Revenue Internal Revenue Service Office of the Comptroller of the Currency Office of Financial Research Office of the General Counsel...

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formalized by the National Banking Act of 1864, which formally established the Office of the Comptroller of the Currency (OCC) as the supervisor of all banks...

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Federal Financial Institutions Examination Council

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Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Consumer Financial Protection...

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Basel II

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which the Basel II framework applies. On September 30, 2005, the four US Federal banking agencies (the Office of the Comptroller of the Currency, the Board...

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million civil money penalty to the Office of the Comptroller of the Currency. In February 1969, Fred Fisher, a resident of Iowa, received an unsolicited...

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fined $25 million by the Office of the Comptroller of the Currency and the Financial Crimes Enforcement Network for violations of money-laundering laws....

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National Gold Bank Note

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Regulatory capture

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Operations to reduce regulatory risk. The Office of the Comptroller of the Currency (OCC) has strongly opposed the efforts of the 50 state attorneys general, who...

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Consumer fraud

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cheating. The United States Office of the Comptroller of the Currency gives an advice on the fraud related to currency: Advance fee fraud Debt elimination fraud...

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Money laundering

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such as the US Office of the Comptroller of the Currency to mean "any financial transaction which generates an asset or a value as the result of an illegal...

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charters, with either the Federal Reserve Board, the Office of the Comptroller of the Currency or the Federal Deposit Insurance Corporation (FDIC) as their...

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Federal savings association

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by the Office of the Comptroller of the Currency. Although the differences between federal thrifts and national banks have diminished as the authorized...

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After public backlash, the bank reversed its policy in 2012. In January 2013, the Office of the Comptroller of the Currency assessed a $10 million fine...

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purpose designation from the Office of the Comptroller of the Currency (OCC) in June 1996. Two years later, the bank moved from San Rafael to Las Vegas,...

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