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About the Office of the Comptroller of the Currency (OCC)

The map below shows the OCC's nationwide office locations.

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The Office of the Comptroller of the Currency’s (OCC) mission is to ensure that the institutions that compose the federal banking system 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 charters, regulates, and supervises national banks and federal savings associations (FSA) and licenses and supervises federal branches and agencies of foreign banks.1 The agency also supervises services provided by certain third parties.2 The OCC oversees the organization and structure of the federal banking system and maintains a supervisory framework that encourages banks to responsibly innovate and adapt to meet the evolving financial needs of consumers, businesses, and communities nationwide. The agency issues regulations to implement federal banking laws. It also uses a risk-based supervision process focused on evaluating banks’ risks, identifying material and emerging concerns, and requiring banks to take corrective action when warranted.

President Abraham Lincoln signed the National Currency Act on February 25, 1863, creating the OCC and the federal banking system. In June 1864, the law was substantially revised, and, in 1874, it was renamed the National Bank Act. The law remains the authority under which the OCC and national banks operate. The Home Owners’ Loan Act of 1933 provides the basis for the operation and regulation of FSAs. With the passage of the International Banking Act of 1978, foreign banking organizations could opt to conduct banking operations through a federal branch or agency.

Headquartered in Washington, D.C., the OCC has offices in 60 cities nationwide, with 96 supervisory operating locations and four district offices. The OCC also has a London office that supervises the international activities of national banks.

The President, with the advice and consent of the U.S. Senate, appoints the Comptroller of the Currency to head the agency for a five-year term. The Comptroller serves as a director of the Federal Deposit Insurance Corporation and is a member of the Financial Stability Oversight Council and the Federal Financial Institutions Examination Council.

Mission

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.

Vision

The OCC is the preeminent prudential supervisor that

  • adds value through proactive and risk-based supervision.
  • is sought after as a source of knowledge and expertise.
  • promotes a vibrant and diverse banking system that benefits consumers, communities, businesses, and the U.S. economy.

Core Values


  • Integrity
  • Expertise
  • Collaboration
  • Independence

1 This report refers to all entities under OCC supervision collectively as "banks," unless it is necessary to distinguish among them.
2 The OCC examines certain third-party entities for the services they provide to national banks and FSAs based on authorities provided by 12 USC 1867(c) of the Bank Service Company Act. The examinations are conducted in coordination with other federal banking agencies.