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Key Data & Statistics

Explore data and statistics about the Office of the Comptroller of the Currency and the federal banking system, licensing activities, enforcement actions, and matters requiring attention.

The OCC and Federal Banking System at a Glance

The data below show the key facts and figures about the Office of the Comptroller of the Currency (OCC) in 2023.

View more data:
Employees (full-time-equivalents)

*Data as of June 30, 2023.

Budget authority (in $ billions)

*Data as of June 30, 2023.

Assessments & total revenue (in percentage)

*Data as of June 30, 2023.

All OCC-supervised institutions, total assets (in $ trillions)

*Total assets as of September 30, 2023.

*2023 supervised institution totals as of September 30, 2023.

Supervisory Actions

The tables and graphs below show key licensing and enforcement data.

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Licensing Activities

The OCC’s licensing activities ensure that banks establish and maintain corporate structures in accordance with the principles of safe and sound banking as predicated by law and regulation. The OCC’s Licensing Division works with the agency’s legal and supervisory departments to render independent decisions supported by a record of facts and financial, supervisory, and legal analyses.

Corporate Application Activity in FY 2023
Application type Applications
received		 Approved Conditionally
Approved		 Denied Total
Branches 477 460 0 0 460
Capital/sub-debt 34 26 4 0 30
Change in bank control 4 3 0 0 3
Charters 9 3 3 0 6
Charter conversions* 6 2 3 0 5
Federal branches 0 1 0 0 1
Fiduciary powers 0 0 0 0 0
Licensing other 8 4 0 0 4
Mergers 18 20 3 0 23
Relocations 140 139 0 0 139
Reorganizations 15 12 4 0 16
Subsidiaries 6 9 0 0 9
Substantial change in assets 4 1 0 0 1
Mutual to stock conversions 2 0 3 0 3
Total 723 680 20 0 700

*Conversions to an OCC-regulated bank.

Licensing Activities

The OCC’s licensing activities ensure that banks establish and maintain corporate structures in accordance with the principles of safe and sound banking as predicated by law and regulation. The OCC’s Licensing Division works with the agency’s legal and supervisory departments to render independent decisions supported by a record of facts and financial, supervisory, and legal analyses.

Change in Bank Control Act (Notices Processed With Disposition)
Year 2019 2020 2021 2022 2023
Received 16 13 7 7 4
Acted on 10 10 7 5 3
Not disapproved 10 10 7 1 2
Disapproved 0 0 0 0 0
Withdrawn 0 4 0 1 2
Total 36 37 21 14 11

Licensing Activities

The OCC’s licensing activities ensure that banks establish and maintain corporate structures in accordance with the principles of safe and sound banking as predicated by law and regulation. The OCC’s Licensing Division works with the agency’s legal and supervisory departments to render independent decisions supported by a record of facts and financial, supervisory, and legal analyses.

Licensing Actions and Timeliness for National Banks and FSAs in FY 2023
Licensing action Target time in days Number of decisions Number within target Percent within target
Branches 45/60 460 456 99.13
Capital/sub-debt 15/45 30 30 100
Change in bank control NA/120 3 3 100
Charters 45/120 6 6 100
Charter conversions 45/120 5 5 100
Federal branches NA/120 1 1 100
Fiduciary powers 30/60 0 0 0
Licensing other NA/60 4 4 100
Mergers 45/60 23 22 95.65
Relocations 30/60 139 138 99.28
Reorganizations 45/60 16 16 100
Subsidiaries 30/60 9 9 100
Substantial change in assets NA/60 1 1 100
Mutual to stock conversions NA/60 3 3 100
Total   700 694 99.14

Note: Most decisions were made in the district offices and large bank licensing departments under delegated authority. Decisions include approvals, conditional approvals, and denials. NA means not applicable.

Note: Certain filings qualify for “expedited review” and are subject to the shorter time frames listed. The longer time frames are for standard review of more complex applications. The target time frame may be extended if the OCC needs additional information to reach a decision or process a group of related filings as one transaction, or to permit additional time for public comment.

Licensing Activities

The OCC’s licensing activities ensure that banks establish and maintain corporate structures in accordance with the principles of safe and sound banking as predicated by law and regulation. The OCC’s Licensing Division works with the agency’s legal and supervisory departments to render independent decisions supported by a record of facts and financial, supervisory, and legal analyses.

Applications Presenting CRA Issues Decided in FY 2023
Bank, city, state Approval date Document number
BMO Harris Bank National Association, Chicago, IL January 17, 2023 CRA Decision 230

Enforcement Actions

The OCC investigates, litigates, and takes enforcement actions to address unsafe or unsound banking practices and failures in compliance, including compliance with certain consumer protection laws. When warranted, the OCC refers potential criminal acts involving bank-affiliated parties to the U.S. Department of Justice and coordinates with other federal agencies on enforcement efforts involving banks.

The number of formal enforcement actions taken against banks has generally declined since 2010, reflecting overall improvement in banks’ financial conditions. Oversight, compliance, and operational failures, however, have resulted in a number of significant enforcement actions in recent years. These enforcement actions address various risk management and compliance failures and continue to emphasize individual accountability.

OCC Enforcement Actions in Fiscal Year 2023
Type of enforcement action Number Amounta
12 USC 1829 notifications 2  
Bank CMP 3 $90,000,000c
Cease-and-desist order (bank)b 4  
Formal agreement (bank) 4  
Notices of charges filed 2  
Personal cease-and-desist order 2  
Personal CMP 5 $17,052,500
Prompt corrective action directive 0  
Removal/prohibition 21  
Total 43 $107,052,500

a Includes only assessed penalties through September 30, 2023, and does not include remediation to customers that the OCC may have required of the bank.

b Includes instances where multiple charters in a company are subject to the same enforcement action.

c Penalties are sent to the Treasury Department.