What does the Office of the Comptroller of the Currency do?
Updates published annually
The Office of the Comptroller of the Currency (OCC) is a subdivision of the Department of the Treasury responsible for supervision of the national banking system. The agency's mission is to ensure that national banking institutions operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations. It was established in 1863.
In FY 2024,
$71M
was spent by the Office of the Comptroller of the Currency
In FY 2024,
<0.1%
of Dept. of the Treasury spending was by the Office of the Comptroller of the Currency
How much does the Office of the Comptroller of the Currency spend?
The Office of the Comptroller of the Currency spent a net total of $71 million in fiscal year (FY) 2024. This was 0.0054% of the $1.32 trillion spent by the Department of the Treasury, which itself was 19.5% of all federal spending. The Office of the Comptroller of the Currency ranked 4th among TREAS subdivisions in net spending.
Net spending is the difference between agency spending and any financial accounts generating funds from the agency’s own activities, like fees or rent. When these funds offset all spending, net spending appears negative. Some agencies tend to operate with positive net spending while others will register negative net spending sometimes or often.
The Office of the Comptroller of the Currency ranked 4th among Department of the Treasury divisions in net spending in 2024.
TREAS net spending by division, FY 2024
Like the overall federal budget, agency spending may shift over time due to population growth, changes in policy and programs, and emerging problems to address. Adjusting for inflation, the Office of the Comptroller of the Currency’s federal spending has increased from $564,700 in 1980 to $71 million in 2024.
The Office of the Comptroller of the Currency’s federal spending in FY 2024 was higher than in FY 1980.
Yearly federal net spending by Office of the Comptroller of the Currency, adjusted for inflation (2024 dollars), FYs 1980–2024
Since 1980, the Office of the Comptroller of the Currency's spending has increased 12,473.5%, while overall spending has increased 193.7%.
As a percentage of the overall federal budget, a positive number means agency net spending made up some positive share of total federal spending; a negative number means that net generated funds offset a portion of total spending. Office of the Comptroller of the Currency spending grew more than overall federal spending since 1980, which means that its share of the federal budget increased. In 2024, Office of the Comptroller of the Currency accounted for 0.001% of overall federal spending.
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Major legislation, internal or global economic conditions, and acute events like the COVID-19 pandemic can affect spending year to year. For example, the federal budget fluctuated during the pandemic, rising from $5.3 trillion (in 2023 dollars) in 2019 to $7.7 trillion in 2020 and $7.8 trillion in 2021.
The Office of the Comptroller of the Currency’s share of federal spending in FY 2024 was higher than in FY 1980.
Net spending by Office of the Comptroller of the Currency as a share of federal spending, FYs 1980–2024
Most federal spending can be categorized as direct or indirect. Direct spending refers to money the federal government spends on budget items such as federal programs, employee salaries, and debt interest. Indirect spending refers to federal transfers to state and local governments.
In FY 2024, all of the Office of the Comptroller of the Currency's spending was direct.
The chart below outlines all net Office of the Comptroller of the Currency spending.
How did the Office of the Comptroller of the Currency spend its budget in 2024?
Federal government net spending isolated to Office of the Comptroller of the Currency, FY 2024
How many people work for the Office of the Comptroller of the Currency?
Some 3,645 of the 2.31 million total civilian federal employees work for the Office of the Comptroller of the Currency as of September 2024. This is 16% more people than the division staffed in 2010.
The number of federal employees working for the Office of the Comptroller of the Currency has increased 16% since 2010.
Number of federal employees working for Office of the Comptroller of the Currency, September 2010–2024
The Office of the Comptroller of the Currency accounts for 0.2% of the overall federal workforce. As the number of federal employees has changed, so too has the way the workforce is organized, with resources allocated to agencies depending on government priorities. The division constituted a larger share of the overall federal workforce in September 2024 compared to 2010 (0.1%).
While the number of employees on an agency’s payroll contributes to that agency’s expenditures, some agencies have relatively few employees compared to their budget or vice versa, giving them an outsized share of either the budget or the workforce. According to the most recent data, the Office of the Comptroller of the Currency’s share of the workforce (0.2%) is larger than its share of the budget (0.001%).
Who leads the Office of the Comptroller of the Currency?
The Comptroller of the Currency leads this office, which is generally overseen by the secretary of the treasury but operates largely independently. This person is nominated by the president and confirmed by the Senate. The comptroller serves up to a five-year term.
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
Office of Personnel Management
FedScope
Office of Management and Budget and US Department of the Treasury
Budget of the US Government and Monthly Treasury Statement
