17 lines
1.1 KiB
Markdown
17 lines
1.1 KiB
Markdown
---
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tags: ["Organization", "Government", "USA", "Financial Regulation"]
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category: "U.S. Government"
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summary: "The Office of the Comptroller of the Currency (OCC) is a U.S. government agency responsible for regulating and supervising all national banks and federal savings associations.[^1]"
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start: 1863
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location: "Washington, D.C."
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---
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The Office of the Comptroller of the Currency (OCC) is a U.S. government agency responsible for regulating and supervising all national banks and federal savings associations.[^1]
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### Involvement in BCCI Scandal
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In February 1978, an OCC officer, [[Joseph E. Vaez]], submitted a report on the [[Bank of Credit and Commerce International|BCCI]] that characterized it as a bank dangerously out of control.[^1] The OCC claimed to have "lost" this memo, and only released it after a congressional subpoena.[^2]
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### Footnotes
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[^1]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 12.
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[^2]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 382.
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