abbreviationRelated words 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. ( Finance : Economics )
The OCC supervises the capital adequacy of national banks and federal branches of foreign
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.
Collins English Dictionary. Copyright © HarperCollins Publishers