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The Office of the Comptroller of the Currency was created February 25, 1863, (12 Stat. 665), as an independent bureau of the Department of the Treasury. Its mission is to ensure that national banks, federal savings associations, and federal branches and agencies of foreign banking organizations operating in the United States (banks) operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations. The Office is headed by the Comptroller, who is appointed for a 5-year term by the President with the advice and consent of the Senate. The Office has the power to supervise and examine banks; approve or deny applications for new bank charters, branches, or mergers; take enforcement action against banks that do not comply with laws and regulations; and issue regulations and interpretations pertaining to banks. The Office supervises approximately 1,200 banks. The Office is independently funded through assessments on the assets of banks.
Recent Regulations
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Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the Office of the Comptroller of the Currency
National Bank Chartering
Bank Appeals Process
Appraisals for Higher-Priced Mortgage Loans Exemption Threshold
Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies
Regulatory Capital Rule: Revisions to the Community Bank Leverage Ratio Framework
Rescission of OCC Guidelines Establishing Standards for Recovery Planning by Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches
Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996
Community Reinvestment Act Regulations
Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies
The Office of the Comptroller of the Currency was created February 25, 1863, (12 Stat. 665), as an independent bureau of the Department of the Treasury. Its mission is to ensure that national banks, federal savings associations, and federal branches and agencies of foreign banking organizations operating in the United States (banks) operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations. The Office is headed by the Comptroller, who is appointed for a 5-year term by the President with the advice and consent of the Senate. The Office has the power to supervise and examine banks; approve or deny applications for new bank charters, branches, or mergers; take enforcement action against banks that do not comply with laws and regulations; and issue regulations and interpretations pertaining to banks. The Office supervises approximately 1,200 banks. The Office is independently funded through assessments on the assets of banks.