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welcome back todays topic is office of the controller of the currency or occ the occ an independent branch of the u.s department of the treasury charters regulates and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks the occ was created by abraham lincoln to fund the american civil war but was later transformed into a regulatory agency to instill confidence in the federal banking system ensure it operates in a safe and sound manner and treats customers fairly the controller serves as a director of the neighborhood reinvestment corporation and the federal deposit insurance corporation the controller is also a member of the financial stability oversight council and the federal financial institutions examination council the occ carries out its mission by one issuing banking rules and regulations and providing legal interpretations and guidance on banks corporate decisions that govern their practices two visiting and
