The Office of the Comptroller of the Currency (OCC) is consistently among the best places to work in the federal government. Among similar agencies, it ranks in the top 10 percent overall and ranks near the very top for diversity, family friendly culture, and pay and benefits.
The agency charters, regulates, and supervises national banks and federal savings associations as well as federal branches and agencies of foreign banks.
The OCC’s nationwide staff of bank examiners conducts on-site reviews of banks and thrifts and provides sustained supervision of these institutions’ operations.
In overseeing banks, the OCC has the power to
- examine banks and thrifts.
- approve or deny applications for new charters, branches, capital, or other changes in corporate or banking structure.
- take supervisory and enforcement actions against banks and thrifts that do not comply with laws and regulations or that otherwise engage in unsafe or unsound practices.
- issue rules and regulations, legal interpretations, supervisory guidance, and corporate decisions governing investments, lending, and other practices.
Established in 1863, the OCC is an independent bureau of the U.S. Department of the Treasury.
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