Statement of Comptroller Dugan On Retirement Announcement
Of House Financial Services Committee Chairman Oxley

WASHINGTON -- Comptroller of the Currency John C. Dugan issued the following statement today regarding the retirement announcement of House Financial Services Committee Chairman Michael G. Oxley:

Chairman Oxley has been both a thoughtful and energetic leader of the Financial Services Committee since he assumed the Chair in 2001. From the start, he successfully coordinated the integration of broad new areas into the Committee's jurisdiction, truly transforming the "Banking" Committee into the "Financial Services" Committee.  He has also demonstrated great skill and wisdom in building Committee consensus on a number of exceptionally complex issues. I look forward to working closely with him during the remainder of his term, but will miss his energetic, pragmatic, and thoughtful approach to issues when he leaves.

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The Office of the Comptroller of the Currency was created by Congress to charter national banks, to oversee a nationwide system of banking institutions, and to assure that national banks are safe and sound, competitive and profitable, and capable of serving in the best possible manner the banking needs of their customers.