The National Bank Act is a pivotal piece of United States legislation that laid the groundwork for a standardized national banking system and established the Office of the Comptroller of the Currency (OCC).
The Comptroller of the Currency is a federal official appointed by the President and confirmed by the Senate, tasked with overseeing national banks including chartering, examining, and supervising financial institutions.
The dual banking system in the United States allows banks to be chartered by either state governments or the federal government, leading to differences in regulations, lending limits, and services offered to customers.
An in-depth exploration of the Office of the Comptroller of the Currency (OCC), its organizational structure, and the authority it wields over national banks and federal branches and agencies of foreign banks in the U.S.
