John C. Dugan Takes Office As Comptroller of the Currency

WASHINGTON – John C. Dugan assumed office today as the 29th Comptroller of the Currency, following Senate confirmation on July 29, 2005.

"I want to express my sincere appreciation to President Bush, Secretary Snow, and the United States Senate for the confidence they have shown in me and for giving me this opportunity to serve my country as Comptroller of the Currency," said Mr. Dugan. "The OCC has a proud history, and it is an honor to join the men and women who have made the OCC the great regulatory agency that it is today."

Comptroller Dugan has served in a wide variety of positions in both government and the private sector. Most recently, he was a partner at the law firm of Covington & Burling, where he was coordinator of the firm's Financial Institutions Group, specializing in financial institution regulation. He served as Assistant Secretary of the Treasury for Domestic Finance during the Administration of President George H.W. Bush. Before joining Treasury, he was Minority General Counsel to the Senate Committee on Banking, Housing, and Urban Affairs.

Mr. Dugan has testified, written, and spoken frequently on financial services issues before Congress and state legislatures, as well as at bank industry conferences, and has written widely on bank regulatory issues.

Among his professional and volunteer activities prior to becoming Comptroller, he served as a director of Minbanc, a charitable organization whose mission is to enhance professional and educational opportunities for minorities in the banking industry. He is also a member of the American Bar Association’s committee on banking law, the Federal Bar Association’s section of financial institutions and the economy, and the District of Columbia Bar Association’s section of corporations, finance, and securities laws.

He graduated from the University of Michigan in 1977 with an A.B. in English Literature and earned his J.D. in 1981 from Harvard Law School. He is married to Elizabeth Dugan, has two children, and lives in Chevy Chase, MD.