Browse Regulation

Office of the Comptroller of the Currency (OCC)

The Office of the Comptroller of the Currency supervises national banks and federal savings associations in the United States.

The Office of the Comptroller of the Currency (OCC) is a federal agency within the U.S. Department of the Treasury. It is led by the Comptroller of the Currency and is responsible for regulating and supervising all national banks and federal savings associations, as well as federal branches and agencies of foreign banks operating in the United States. The OCC ensures that these financial institutions operate safely, soundly, and in compliance with all applicable laws and regulations.

Regulation and Supervision

The primary function of the OCC is to regulate and supervise the following:

  • National banks
  • Federal savings associations
  • Federal branches and agencies of foreign banks

Ensuring Compliance

The OCC ensures that financial institutions comply with:

  • Federal banking laws
  • The Bank Secrecy Act
  • Anti-money laundering (AML) regulations

Risk Management and Consumer Protection

The OCC assesses and manages risks to ensure the stability of the national banking system. It also protects consumers by enforcing fair lending practices and resolving complaints against banks.

Comptroller of the Currency

The Comptroller of the Currency is appointed by the President of the United States and confirmed by the Senate. The Comptroller serves a five-year term and reports to the Secretary of the Treasury.

Organization

The OCC’s structure includes:

  • District offices
  • Headquarters in Washington, D.C.
  • Specialized divisions such as Large Bank Supervision and Midsize and Community Bank Supervision

Stability and Trust

By ensuring the soundness of national banks, the OCC plays a crucial role in maintaining stability and trust in the U.S. financial system.

Innovation and Growth

The OCC supports innovation in the financial sector by providing guidelines and frameworks for new financial technologies and practices.

FDIC (Federal Deposit Insurance Corporation)

While the OCC regulates and supervises national banks, the FDIC insures deposits and serves as the primary federal regulator for state-chartered banks that are not members of the Federal Reserve System.

Federal Reserve

The Federal Reserve oversees the U.S. banking system’s monetary policy, while the OCC focuses on the regulation and supervision of national banks.

FAQs

What types of institutions does the OCC regulate?

The OCC regulates national banks, federal savings associations, and federal branches and agencies of foreign banks.

How is the Comptroller of the Currency appointed?

The Comptroller is appointed by the President of the United States and confirmed by the Senate.

What is the primary goal of the OCC?

The primary goal of the OCC is to ensure that national banks and federal savings associations operate safely, soundly, and in compliance with applicable laws.
Revised on Monday, May 18, 2026