The OCC supervises the capital adequacy of national banks and federal branches of foreign banking organizations.The OCC initially had the power to charter national banks that could issue national banknotes.The OCC is a federal agency that is responsible for monitoring all national banks, and federal branches and agencies of foreign banks.
US agenciesOther US agencies include NCUA, the National Credit Union Association that monitors federal credit unions, and the SEC, the Securities and Exchange Commission, responsible for regulating the financial reporting of companies whose stock is publicly traded.
