Office of the Comptroller of the Currency 

Program Summary by Budget Activity 

Dollars in Thousands 

 FY 2021 FY 2022 FY 2023 FY 2022 to 

FY 2023 

Budget Activity Actual Revised Estimate Estimate % Change 

Supervise $978,890 $1,071,065 $1,078,520 0.70% 

Regulate $105,202 $115,109 $115,910 0.70% 

Charter $27,887 $30,513 $30,726 0.70% 

Total Cost of Operations $1,111,979 $1,216,687 $1,225,156 0.70% 

Full-time Equivalents (FTE) 3,491 3,555 3,555 0.00% 

Summary 

The Office of the Comptroller of the Currency (OCC) was created by Congress in 1863 to 

charter national banks; oversee banking institutions; and ensure national banks are safe and 

sound, competitive and profitable, and capable of serving in the best possible manner the 

banking needs of their customers. As of September 30, 2021, the OCC supervised 797 national 

bank charters, 52 federal branches and agencies, and 269 federal savings associations with 

approximately $14.9 trillion in financial institution assets. 

Effective supervision and a comprehensive regulatory framework are the key tools that the OCC 

uses to ensure that national banks and federal savings associations operate in a safe and sound 

manner and that they provide fair access to financial services and fair treatment of their 

customers. A robust chartering program allows new entrants into the financial services sector 

while ensuring that they have the necessary capital, managerial, and risk management processes 

to conduct activities in a safe and sound manner. 

The OCC’s nationwide staff of bank examiners conducts on-site and off-site reviews of banks 

and provides sustained supervision of these institutions’ operations. Examiners have used 

enhanced off-site tools and processes during the pandemic to support their supervision 

responsibilities. Examiners analyze asset quality, capital adequacy, earnings, liquidity, and 

sensitivity to market risk for all banks, and assess compliance with federal consumer protection 

laws and regulations. Examiners also evaluate management’s ability to identify and control risk 

and assess banks’ performance in meeting the credit needs of the communities in which they 

operate, pursuant to the Community Reinvestment Act (CRA). 

In supervising banks, the OCC: 1) approves or denies applications for new charters, branches, 

capital, or other changes in corporate or banking structure; 2) takes supervisory and enforcement 

actions; 3) removes and prohibits officers and directors, negotiate agreements to change banking 

practices, and issue cease-and-desist orders as well as Civil Money Penalties (CMPs); 4) issues 

rules and regulations, legal interpretations, supervisory guidance, and corporate decisions 

governing investments, lending, and other practices. 

The OCC’s operations are funded primarily (approximately 97 percent) from semiannual 

assessments levied on national banks and federal savings associations. Revenue from 

investments in Treasury securities and other income comprise the remaining three percent. 
Legislative Proposals 

OCC has no legislative proposals. 

Performance Highlights FY 2019 FY 2020 FY2021 FY 2022 FY 2023 

Budget Activity Performance Measure Actual Actual Actual Target Target 

Supervise 

Percentage of National Banks and Federal 

Savings Associations with Composite 

CAMELS Rating 1 or 2 

96 96 96 90 90 

Supervise 

Percentage of National Banks and Federal 

Savings Associations That Are Categorized as 

Well Capitalized 

98 95 99 95 95 

Supervise 

Percentage of National Banks and Federal 

Savings Associations with Consumer 

Compliance Rating of 1 or 2 

98 98 98 94 94 

Supervise 

Rehabilitated National Banks and Federal 

Savings Associations as A Percentage Of 

Problem National Banks One Year Ago 

(CAMEL 3,4, or 5) 

15 23 28 Disc Disc 

Supervise 

Total OCC Costs Relative to Every $100,000 

in Bank and Federal Savings Associations 

Assets Regulated ($) 

8.07 7.78 6.79 7.37 7.37 

Charter 

Percentage of Licensing Applications and 

Notices Completed within Established 

Timeframes 

99 98 98 95 95 

Key: Disc-Discontinued 

Description of Performance 

The OCC charters, regulates and supervises all national banks and federal savings associations, 

as well as supervises federal branches and agencies of foreign banks. The primary goal of the 

OCC’s Supervise Program is to ensure that these institutions operate in a safe and sound manner 

and in compliance with laws requiring fair treatment of their customers and fair access to credit 

and financial products. The OCC also monitors risks and threats to the stability of the national 

banking system through regular examinations of supervised institutions and other monitoring. 

Composite Capital Adequacy, Asset Quality, Management, Earnings, Liquidity, and Sensitivity 

(CAMELS) rating reflects banks’ financial condition. As of December 31, 2021, 96 percent of 

national banks and federal savings associations had composite CAMELS rating of either 1 or 2.

The OCC strives for timely and effective approval of corporate applications to complete 

corporate transactions and introduce new financial products and services. The OCC completed 

99 percent of applications and notices within established timeframes as of December 31, 2021. 

The OCC’s early identification and intervention with problem financial institutions can lead to 

rehabilitation. As of September 30, 2021, 28 percent of national banks and federal savings 

associations with composite CAMELS ratings of 3, 4, or 5 one year prior improved ratings to 

either 1 or 2. There were no national bank or federal savings association failures in FY 2021.