The Office of the Comptroller of the Currency (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 and is led by the Comptroller of the Currency.
Joseph M. Otting was sworn in as the 31st Comptroller of the Currency on November 27, 2017. As administrator of the federal banking system, the Comptroller oversees the supervision of national banks and federal savings associations and federal branches and agencies of foreign banks in the United States. Oversight of these institutions comprises nearly two-thirds of the assets of the commercial banking system. The Comptroller is also a director of the Federal Deposit Insurance Corporation and member of the Financial Stability Oversight Council.
The OCC carries out its mission through a number of departments and offices under the leadership of the Comptroller and senior deputy comptrollers.