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

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.

Read more on The Wall Street Journal

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.

Read more on Barron's

In February, the Office of the Comptroller of the Currency, one of the regulators of big national banks like Wells Fargo, terminated a consent order that had been in place since September 2016.

Read more on Seattle Times

On Thursday, the bank’s main federal regulator, the Office of the Comptroller of the Currency, fined the JPMorgan $250 million over the omissions.

Read more on New York Times