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OCC restructures for largest banks

WASHINGTON-The Office of the Comptroller of the Currency (OCC) has made some operational management changes in order to separate the larger national banks from the smaller institutions. According to the American Banker, the agency is regrouping 350 of its 1,980 examiners who supervise the top 30 national banks. Comptroller John...

By Staff Writer | Updated on June 26, 2001

WASHINGTON-The Office of the Comptroller of the Currency (OCC) has made some operational management changes in order to separate the larger national banks from the smaller institutions. According to the American Banker, the agency is regrouping 350 of its 1,980 examiners who supervise the top 30 national banks. Comptroller John D. Hawke, Jr. is expected to announce this new division’s senior deputy comptroller this month, the report said, which should be an internal promotion. The OCC’s last reorganization came in 1997 when supervision of the 34 largest banks was shuffled from the district banks to Washington, according to the Banker.

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