Key Leader Biographies:
John C. Dugan
Comptroller of the Currency
John C. Dugan was sworn in as the 29th Comptroller of the Currency in August 2005.
The Comptroller of the Currency is the administrator of national banks and chief officer of the Office of the Comptroller of the Currency (OCC). The
OCC supervises more than 1,600 federally chartered commercial banks and about 50 federal branches and agencies of foreign banks in the United
States, comprising nearly two-thirds of the assets of the commercial banking system. The Comptroller also is a director of the Federal Deposit Insurance
Corporation, the Federal Financial Institutions Examination Council, and NeighborWorks® America.
In September 2007, Comptroller Dugan was also named chairman of the Joint Forum, which operates under the aegis of the Basel Committee on
Banking Supervision, the International Organization of Securities Commissions, and the International Association of Insurance Supervisors. The Joint
Forum includes senior financial sector regulators from the United States, Canada, Europe, Japan, and Australia, and deals with issues common to the
banking, securities, and insurance industries, including supervision of conglomerates.
Before his appointment as Comptroller, Mr. Dugan was a partner at the law firm of Covington & Burling, where he chaired the firm's Financial
Institutions Group and specialized in banking and financial institution regulation.
He served at the Department of the Treasury from 1989 to 1993 and was appointed Assistant Secretary for Domestic Finance in 1992. While at
Treasury, Mr. Dugan had extensive responsibility for policy initiatives involving banks and financial institutions, including the savings and loan
cleanup, Glass-Steagall and banking reform, and regulation of government-sponsored enterprises. In 1991, he oversaw a comprehensive study of the
banking industry that formed the basis for the financial modernization legislation proposed by the administration of the first President Bush.
From 1985 to 1989, Mr. Dugan was Counsel and Minority General Counsel for the U.S. Senate Committee on Banking, Housing, and Urban Affairs.
There he advised the committee as it considered the Competitive Equality Banking Act of 1987, the Proxmire Financial Modernization Act of 1988,
and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.
Among his professional and volunteer activities before becoming Comptroller, he served as a director of Minbanc, a charitable organization whose
mission is to enhance professional and educational opportunities for minorities in the banking industry. He was also a member of the American Bar
Association's committee on banking law, the Federal Bar Association's section of financial institutions and the economy, and the District of Columbia
Bar Association's section of corporations, finance, and securities laws.
A 1977 University of Michigan graduate with an A.B. in English literature, Mr. Dugan also earned his J.D. from Harvard Law School in 1981. Born
in Washington, D.C. in 1955, Mr. Dugan lives in Chevy Chase, Maryland, with his wife, Beth, and his two children, Claire and Jack.
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