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FOR IMMEDIATE RELEASE
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Contact: Robert M. Garsson |
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March 18, 2003
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(202) 874-5770
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WASHINGTON -- Julie L. Williams, First Senior Deputy
Comptroller and Chief Counsel, presented the attached paper to the Financial
Services Regulatory Conference, a seminar held to brief Congressional staff about
current issues in bank regulation. The paper discusses the history of the
Office of the Comptroller of the Currency and the national banking system, as
well as a number of current issues in bank regulation, including privacy,
national bank preemption and the USA Patriot Act.
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The OCC charters, regulates and examines
approximately 2,100 national banks and 52 federal branches of foreign banks
in the U.S., accounting for more than 55 percent of the nation’s banking
assets. Its mission is to ensure a safe and sound and competitive national
banking system that supports the citizens, communities and economy of the
United States.
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