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Explore data and statistics about the Office of the Comptroller of the Currency and the federal banking system, licensing activities, enforcement actions, and matters requiring attention.
The data below show the key facts and figures about the Office of the Comptroller of the Currency (OCC) in 2023.
*Data as of June 30, 2023.
*Total assets as of September 30, 2023.
*2023 supervised institution totals as of September 30, 2023.
The tables and graphs below show key licensing and enforcement data.
View licensing and enforcement graphs:
The OCC’s licensing activities ensure that banks establish and maintain corporate structures in accordance with the principles of safe and sound banking as predicated by law and regulation. The OCC’s Licensing Division works with the agency’s legal and supervisory departments to render independent decisions supported by a record of facts and financial, supervisory, and legal analyses.
*Conversions to an OCC-regulated bank.
Note: Most decisions were made in the district offices and large bank licensing departments under delegated authority. Decisions include approvals, conditional approvals, and denials. NA means not applicable.
Note: Certain filings qualify for “expedited review” and are subject to the shorter time frames listed. The longer time frames are for standard review of more complex applications. The target time frame may be extended if the OCC needs additional information to reach a decision or process a group of related filings as one transaction, or to permit additional time for public comment.
The OCC investigates, litigates, and takes enforcement actions to address unsafe or unsound banking practices and failures in compliance, including compliance with certain consumer protection laws. When warranted, the OCC refers potential criminal acts involving bank-affiliated parties to the U.S. Department of Justice and coordinates with other federal agencies on enforcement efforts involving banks.
The number of formal enforcement actions taken against banks has generally declined since 2010, reflecting overall improvement in banks’ financial conditions. Oversight, compliance, and operational failures, however, have resulted in a number of significant enforcement actions in recent years. These enforcement actions address various risk management and compliance failures and continue to emphasize individual accountability.
a Includes only assessed penalties through September 30, 2023, and does not include remediation to customers that the OCC may have required of the bank.
b Includes instances where multiple charters in a company are subject to the same enforcement action.
c Penalties are sent to the Treasury Department.