|
|
"A comprehensive, collaborative elections resource."
|
Comptroller of the Currency
|
|
Cabinet Rank Member DETAILS |
|
|
| Parents |
> United States > U.S. Executive > Department of Treasury
|
|
| Website | http://www.occ.treas.gov/ |
| Established | 00, 1863 |
| Disbanded | Still Active |
| Contributor | Scott³ |
| Last Modified | Scott³ June 24, 2006 06:49pm |
| Description |
The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises all national banks. It also supervises the federal branches and agencies of foreign banks. Headquartered in Washington, D.C., the OCC has four district offices plus an office in London to supervise the international activities of national banks.
The OCC was established in 1863 as a bureau of the U.S. Department of the Treasury. The OCC is headed by the Comptroller, who is appointed by the President, with the advice and consent of the Senate, for a five-year term. The Comptroller also serves as a director of the Federal Deposit Insurance Corporation (FDIC) and a director of the Neighborhood Reinvestment Corporation.
The OCC's nationwide staff of examiners conducts on-site reviews of national banks and provides sustained supervision of bank operations. The agency issues rules, legal interpretations, and corporate decisions concerning banking, bank investments, bank community development activities, and other aspects of bank operations.
National bank examiners supervise domestic and international activities of national banks and perform corporate analyses. Examiners analyze a bank's loan and investment portfolios, funds management, capital, earnings, liquidity, sensitivity to market risk, and compliance with consumer banking laws, including the Community Reinvestment Act. They review the bank's internal controls, internal and external audit, and compliance with law. They also evaluate bank management's ability to identify and control risk.
|
 | INFORMATION LINKS |
|
|
| VOTER REGISTRATION |
|
|
| DEMOGRAPHIC |
|
|
| MEDIA |
|
|
|
|
