OCC Enters Into Written Agreement with Bank of America

WASHINGTON -  The Office of the Comptroller of the Currency entered into a written agreement today with Bank of America, N.A., Charlotte, North Carolina.  The agreement addresses internal controls in the Bank’s Wealth and Investment Management Group.  The Bank has adopted an action plan that addresses the provisions contained in the agreement.

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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.