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The Office of the Comptroller of the Currency (OCC) is an independent branch of the U.S. Department of the Treasury that charters, regulates, and supervises national banks, federal savings associations, and foreign bank branches and agencies. Originally created by Abraham Lincoln to fund the American Civil War, the OCC now focuses on ensuring the safety and soundness of the federal banking system and fair treatment of customers. The controller of the OCC is involved in various organizations such as the Neighborhood Reinvestment Corporation and the Federal Deposit Insurance Corporation. The OCC issues banking rules and regulations, provides legal guidance, and conducts examinations to fulfill its mission.
