Comptroller of the Currency
2
8.8
- noun
- /kəmˈtroʊlər əv ðə ˈkɜrənsi/
- Formal
:
Contralor de la Moneda
- Recent regulations promulgated by the Office of the Comptroller of the Currency assert a sweeping authority to preempt a broad array of state laws, including consumer protection laws, applicable not only to national banks but also to their state-chartered operating subsidiaries.
- Office of the Comptroller of the Currency
Examples
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Agency heads, such as the Comptroller of the Currency, are selected by the President, and agency staff are, by design, supposed to be disconnected from the political arena and serve as sources of technical expertise.
Academic text (2006) -
Julie Williams, one of the longest-serving federal banking regulators in Washington and one seen as especially friendly to the industry she oversaw, is leaving her post as chief counsel at the Office of the Comptroller of the Currency.
Blog text (29) -
The Office of the Comptroller of the Currency (OCC) today released new enforcement actions.
Blog text (4) -
Another institutional change is the merger of the Office of Thrift Supervision into the Office of the Comptroller of the Currency.
Blog text (29) -
The report also faulted the government's Office of the Comptroller of the Currency for taking virtually no action against the bank despite being aware of problems for years.
Blog text (24) -
The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently.
Blog text (5) -
And the head regulator of Kansas is a lot closer than the head regulator at the Office of the Comptroller of the Currency, which oversees national banks.
Blog text (1) -
In 2009, the bank underwent an examination by the Office of the Comptroller of the Currency (OCC) that recommended an increase in the compliance personnel.
Academic text (2018) -
A source at the Office of the Comptroller of the Currency (OCC) says that once guidance is published in the Federal Register, the OCC expects substantial feedback from the industry and will accept comments for sixty days.
Blog text (34) -
The Comptroller of the Currency oversees the regulation of national banks to ensure they operate safely.
Synonyms
14
8.8
A person who checks and keeps an organization's financial records, often in government or large companies
How Senior
Surface Forms
Morphology
comptroller + of + the + currency
Knowing 'comptroller' (a financial official) and 'currency' (money) lets a learner infer this refers to an official responsible for monetary/financial matters, so the basic sense is recoverable. However, the precise institutional role — a specific U.S. chief regulator of national banks — is country-specific and not fully predictable from the parts, so the expression is only partially transparent to learners.
Etymology
Comptroller of the Currency comes from an old job name: a comptroller was someone who 'counted' or checked accounts, and currency meant 'money in use'. So the name points to the official who watches and checks the nation's banks and money.