The Office of the Comptroller of the Currency charters, regulates, and supervises U.S. national banks by issuing licenses, conducting risk-based examinations, enforcing compliance with banking laws, and approving structural and operational changes

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The Office of the Comptroller of the Currency (OCC) is a federal agency that oversees the execution of laws relating to national banks. Specifically, it charters, regulates, and supervises national banks, federally chartered savings associations, and federal branches and agencies of foreign banks in the U.S. The Comptroller of the Currency, appointed by the President and approved by the Senate, heads the OCC.

The Office of the Comptroller of the Currency has the power to approve or deny applications for new charters, branches, capital, and other changes in the banking structure. They may take supervisory actions against banks under its jurisdiction for noncompliance with laws and regulations. Further, the agency has the authority to remove officers and directors. Other responsibilities include the power to negotiate agreements to change a bank's practices, impose monetary penalties, and issue cease and desist orders.