Office of the Comptroller of the Currency
Overview
The Office of the Comptroller of the Currency (OCC) is an independent bureau of the U.S. Department of the Treasury. It charters, regulates and supervises national banks, federal savings associations, and federal branches and agencies of foreign banks.[1]
Contents6 sections
Key facts
1863Establishment
The National Currency Act, signed on February 25, 1863, established the OCC to organize and administer a national banking system and a uniform national currency.[2]
2025Comptroller Takes Office
Jonathan V. Gould was sworn in as the 32nd Comptroller of the Currency on July 15, 2025.[3]
October 2026Payment Stablecoin Rule
On October 21, 2026, the OCC issued a final rule implementing the GENIUS Act for payment stablecoin issuance and related activities within its jurisdiction. The rule is scheduled to take effect on January 18, 2027.[4]
Community Banks and Stablecoins
In its community-bank fact sheet, the OCC says eligible community banks may explore payment stablecoin issuance through applicable structures, including subsidiaries. It says the effect of stablecoin adoption on deposits remains uncertain.[5]