For example, the Federal Reserve and the Office of the Comptroller of the Currency regularly inspect banks, and may impose civil fines or refer matters for criminal prosecution for non-compliance.

**** Office of the Comptroller of the Currency

* Annual Reports of the Secretary of the Treasury on the State of Finances – These annual reports also contain the reports of the many departments of the Treasury, including the Bureau of the Mint, Bureau of Engraving and Printing, Bureau of Customs, Office of the Comptroller of the Currency, Secret Service, and the Internal Revenue Service.

They encouraged development of a national currency backed by bank holdings of U. S. Treasury securities and established the Office of the Comptroller of the Currency as part of the United States Department of the Treasury and authorized the Comptroller to examine and regulate nationally chartered banks.

The quantity of notes that a bank was allowed to issue was proportional to the bank ’ s level of capital deposited with the Comptroller of the Currency at the Treasury.

The Comptroller of the Currency continues to have significance in the U. S. economy and is responsible for administration and supervision of national banks as well as certain activities of bank subsidiaries ( per the Gramm-Leach-Bliley Act of 1999 ).

February, 1920: Document compiled under the direction of the Comptroller of the Currency for the use of the Senate, providing dates of acts relating to national banks, 1863-1920, text of the acts and amendments, and indexes.

* History of the Office of the Comptroller of the Currency

The act proposed that this emergency currency had to go through a process of approval by the officers of these national currency associations, and then once approved were distributed by the Comptroller of the Currency.

On several occasions, the Office of the Comptroller of the Currency told the Federal Reserve in no uncertain terms that BCCI must not be allowed to buy any American bank because it was poorly regulated.

Dawes served in the First World War, was the Comptroller of the Currency, the first director of the Bureau of the Budget, and, in later life, the Ambassador to the United Kingdom.

Following McKinley's election, Dawes was rewarded for his efforts by being named Comptroller of the Currency, United States Department of the Treasury.

* John Jay Knox, ( 1828 – 1892 ), born in Augusta, financier and the United States Comptroller of the Currency.

After the collapse, regulators in the Office of the Comptroller of the Currency ( OCC ) and the Office of Thrift Supervision ( OTS ) were finally allowed to file thousands of criminal complaints that led to over a thousand felony convictions of key Savings and Loan insiders.

* John Skelton Williams ( 1865 – 1926 ), U. S. Comptroller of the Currency ( 1914 – 21 )

Other provisions of the 1933 Banking Act that remain in effect include ( 1 ) Sections 5 ( c ) and 27, which required state member banks to provide the Federal Reserve Board and national banks to provide the Comptroller of the Currency reports on their affiliates ;( 2 ) Section 13, which ( as Section 23A of the Federal Reserve Act ) regulated transactions between Federal Reserve member banks and their nonbank affiliates ; ( 3 ) Sections 19 and 30, which established criminal penalties for misconduct by officers or directors of Federal Reserve System member banks and authorized the Federal Reserve to remove such officers or directors ;( 4 ) Section 22, which eliminated personal liability (“ double liability ”) for new shareholders of national banks ; and ( 5 ) Section 23, which gave national banks the same ability to establish branches in their “ home state ” as state chartered banks in that state.

Section 16 prohibited national banks from purchasing or selling securities except for a customer ’ s account ( i. e., as a customer ’ s agent ) unless the securities were purchased for the bank ’ s account as “ investment securities ” identified by the Comptroller of the Currency as permitted national bank investments.

Section 16 permitted national banks ( and Section 5 ( c ) permitted state member banks ) to purchase for their own accounts “ marketable ” debt securities that were “ investment securities ” approved by the Comptroller of the Currency.

President John F. Kennedy ’ s appointee as Comptroller of the Currency, James J. Saxon, was the next public official to challenge seriously Glass-Steagall ’ s prohibitions.

In 1963, the Saxon-led Office of the Comptroller of the Currency ( OCC ) issued a regulation permitting national banks to offer “ commingled accounts ” to retail customers.

At the five year anniversary of the GLBA in November 2004, the American Banker quoted then retiring Comptroller of the Currency John D. Hawke, Jr. and former FDIC Chairman William Seidman as stating the GLBA had been less significant than expected in not bringing about the combinations of banking, insurance, and investment banking.

Since the enactment of the Federal Deposit Insurance Corporation Improvement Act of 1989 ( FDICIA ), all commercial banks that accept deposits are required to obtain FDIC insurance and to have a primary federal regulator ( the Fed for state banks that are members of the Federal Reserve System, the FDIC for " nonmember " state banks, and the Office of the Comptroller of the Currency for all National Banks ).

** Office of the Comptroller of the Currency ( OCC )

In May 2004, Texas Comptroller Carole Keeton Strayhorn ruled that Unitarian Universalism was not a " religion " because it " does not have one system of belief ," and stripped the Red River Unitarian Universalist Church in Denison, Texas, of its tax-exempt status.

The Comptroller ruled national banks could “ trade ” investment securities they had purchased, based on a bank ’ s power to sell its assets, so long as this trading did not cause the bank to be a “ dealer .” Section 16 itself required banks to purchase only “ marketable ” securities, so that it contemplated ( and required ) that the securities be traded in a liquid market.

Section 16 ’ s major change was ( through the Comptroller ’ s interpretation ) to limit the investments to “ investment grade ” debt and to repeal the McFadden Act permission for national banks to act as “ dealers ” in buying and selling debt securities.

After many of Comptroller Saxon ’ s decisions granting national banks greater powers had been challenged, commercial banking firms had been able to expand their non-securities activities through the “ one bank holding company .” Because the Bank Holding Company Act only limited nonbanking activities of companies that owned two or more commercial banks, “ one bank holding companies ” could own interests in any type of company other than securities firms covered by Glass-Steagall Section 20.

During his regime Thrissur-Guruvayur Section and Poonkunnam Over Bridge was built. Vinod Rai, the Comptroller and Auditor General of India, is another person who turned fortunes of the city by building Sakthan Thampuran Nagar ( S. T. Nagar ) when he was collector of Thrissur district.

In addition, Section 49a requires the Texas Comptroller of Public Accounts to certify the amount of available cash on hand and anticipated revenues for the next biennium ; no appropriation may exceed this amount ( except in cases of emergency and then only with a 4 / 5ths vote of both chambers ), and the Comptroller is permitted to reject and return to the Legislature any appropriation in violation of this requirement.

Section 312 of the Dodd-Frank Wall Street Reform and Consumer Protection Act mandated merger of OTS with the Office of the Comptroller of the Currency ( OCC ), the Federal Deposit Insurance Corporation ( FDIC ), the Federal Reserve Board of Governors, and the Consumer Financial Protection Bureau ( CFPB ) as of 21 July 2011.

Section 312 of the Dodd-Frank Wall Street Reform and Consumer Protection Act mandated merger of OTS with the Office of the Comptroller of the Currency ( OCC ), the Federal Deposit Insurance Corp. ( FDIC ), the Federal Reserve Board, and the Consumer Financial Protection Bureau ( CFPB ) as of 21 July 2011.

On July 16, 2008 the federal banking and thrift agencies ( the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision ) issued a final guidance outlining the supervisory review process for the banking institutions that are implementing the new advanced capital adequacy framework ( known as Basel II ).

In 2004 the Act was used by John D. Hawke, Jr., Comptroller of the Currency's to effectively bar states attorney generals ' offices from national bank oversight and regulatory roles.

Even before Glass-Steagall, however, national banks had been prohibited from investing in equity securities and could only purchase as investments debt securities approved by the Comptroller.

After a hard-fought primary victory against Illinois Comptroller Loleta Didrickson, in which the latter had the support of most national and state-level Republican leaders, Fitzgerald defeated first-term Democratic incumbent U. S. Senator Carol Moseley Braun in 1998, and served for one term in the U. S. Senate.

In the modern U. S. the term " national bank " has a precise meaning: a banking institution chartered and supervised by the Office of the Comptroller of the Currency (" OCC "), an agency in the U. S. Treasury Department, pursuant to the National Bank Act.

As the first Comptroller, McCulloch recommended major changes in the banking law and the resulting National Banking Act of 1864 remains the foundation of the national banking system.

TD Bank, N. A., is a national banking institution in the United States ( chartered and supervised by the federal Office of the Comptroller of the Currency ) which offers banking, insurance, brokerage, and investment banking services in Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Vermont, Virginia, and Washington, D. C.

" All national banks are chartered and regulated by the Office of the Comptroller of the Currency.

Hadley has served in a variety of capacities in the defense and national security field, including as an analyst for the Comptroller of the Department of Defense from 1972 – 1974, as a member of the National Security Council staff under President Gerald Ford from 1974 – 1977, and serving from 1986 – 1987 as Counsel to the Special Review Board established by President Ronald Reagan to inquire into U. S. arms sales to Iran.

The Office of the Comptroller of the Currency ( OCC ) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and thrift institutions and the federal branches and agencies of foreign banks in the United States.