About the OCC
The OCC charters, regulates, and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks. The OCC is an independent bureau of the U.S. Department of the Treasury.
To ensure that national banks and federal savings associations operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations.
The OCC is a preeminent prudential supervisor that
The President, with the advice and consent of the U.S. Senate, appoints the Comptroller to head the agency for a five-year term. The Comptroller also is a director of the Federal Deposit Insurance Corporation and NeighborWorks® America.
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's nationwide staff of bank examiners conducts on-site reviews of national banks and federal savings associations and provides sustained supervision of these institutions’ operations. Examiners analyze loan and investment portfolios, funds management, capital, earnings, liquidity, sensitivity to market risk for all national banks and federal thrifts, and compliance with consumer banking laws for national banks and thrifts with less than $10 billion in assets. They review internal controls, internal and external audit, and compliance with law. They also evaluate management's ability to identify and control risk.
In regulating national banks and federal thrifts, the OCC has the power to:
The OCC does not receive appropriations from Congress. Instead, the OCC's operations are funded primarily by assessments on national banks and federal savings associations. National banks and federal savings associations pay for their examinations, and they pay for the OCC's processing of their corporate applications. The OCC also receives revenue from its investment income, primarily from U.S. Treasury securities.
Help for Customers of National Banks and Federal Savings Associations at HelpWithMyBank.gov
The OCC operates www.helpwithmybank.gov to assist customers of national banks and federal savings associations. Helpwithmybank.gov provides answers to common banking questions and provides a means for consumers to file complaints online.
Recognizing the important role that minority-owned banks and savings associations play in providing financial services in the communities they serve, the OCC is committed to encouraging the success of these financial institutions.
Deposits Insured by the FDIC
The Federal deposit Insurance Corporation, FDIC, insures all types of deposits—CD's, checking, savings, money market, and NOW accounts—held in all FDIC-insured depository institutions, including national banks and federal savings associations. The permanent standard insurance amount is $250,000, per depositor, per insured depository institution for each account ownership category. For more information about deposit insurance, visit the FDIC's Web site. Bankers and consumers can also call the FDIC at 1-877-ASK-FDIC (1-877-275-3342).
Building and General Correspondence Address
Office of the Comptroller of the Currency