Office of the Comptroller of the Currency

Definition/Scope: Department of the Treasury office which regulates national banks by its power to examine banks; approve or deny applications for new bank charters, branches, or mergers; take enforcement action (such as bank closures) against banks that are not incompliance with laws and regulations; and issue rules, regulations, and interpretations on banking practices.

Acronym:

OCC (Treasury)

Broader Terms:

Treasury Department