Comptroller of the Currency

noun

1. an official of the U.S. Department of the Treasury who regulates the national banks and administers the issuance and redemption of Federal Reserve notes.

Word History and Origins

Origin of Comptroller of the Currency¹

First recorded in 1870–75

Example Sentences

The Bank Policy Institute in recent weeks sent letters urging the Office of the Comptroller of the Currency to reject the Ripple, Wise and Sony applications, among others.

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On Wednesday, the head of the national bank regulator, the Office of the Comptroller of the Currency, pointed to the preliminary approval of Erebor as a demonstration of the agency’s new stance.

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Prompted by the August executive order, the Office of the Comptroller of the Currency has asked the nation’s nine largest banks for information about their debanking activities.

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The Office of the Comptroller of the Currency also said it recently sent out requests to the nine largest banks it regulates, vowing to “end the weaponization of the financial system.”

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The three primary U.S. bank regulators—the Federal Reserve, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corp.—proposed new reporting requirements in 2023 and finalized them in 2024.

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